Cassava Starch Market Demand, Analysis and Forecast 2023-2028

IMARC Group has recently released a new research study titled “Cassava Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The global cassava starch market size reached US$ 4.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.85% during 2023-2028.

What is cassava starch?

Cassava starch is a carbohydrate extract derived from the cassava root, also known as manioc or yuca. This tuberous root is native to South America and widely cultivated in tropical and subtropical regions worldwide. The starch is extracted through a process that involves peeling, grating, and washing the root, followed by drying and pulverizing it into a fine powder. Cassava starch is highly valued for its unique properties, including high viscosity and clarity, making it ideal for use in a variety of industrial applications. It is commonly used as a thickening and binding agent in the food industry, particularly in products like soups, sauces, and baked goods.

Additionally, it serves as a raw material in the production of textiles, paper, and biofuels. Its versatility and cost-effectiveness make it a staple in both domestic and commercial settings.

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Cassava Starch Market Trends and Growth Drivers:

The versatility of cassava starch represents one of the key factors driving the growth of the market across the globe. Cassava starch is used as a thickening and binding agent in the food and beverage industry, and its high viscosity and clarity make it ideal for these applications. This extends its utility to diverse products like soups, sauces, and baked goods, which is driving its demand.

Cassava is relatively easy and inexpensive to cultivate, thus making cassava starch a cost-effective option for manufacturers. This economic feasibility appeals to developing countries where cassava is a staple crop, which is creating a local market for its starch. The rise in gluten-free and grain-free diets is fueling the demand for alternative sources of starch, and cassava fits this requirement. It is naturally gluten-free and can serve as a substitute for wheat-based products, which cater to a growing segment of health-conscious consumers.

Other factors, such as wide-ranging applications of cassava starch, rising environmental concerns, and advancements in processing technologies are creating a positive outlook for the market across the globe.

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Who are the key players operating in the industry?

Cassava Starch Manufacturers:

• TCS Tapioca

• Eiamheng Tapioca

• Sunrise International

• PT Buda Starch & Sweetener

• Sharp SPAC Tapioca

What is included in market segmentation?

The report has segmented the market into the following categories:

End Use Insights:

• Sweeteners

• MSG/Lysine

• Food Industries

• Paper Industries

• Modified Starch 

• Sago Pearl

• Textile

• Others

Regional Insights:

• Production

  • Asia 

  • Africa

  • Latin America

  • Others

• Consumption 

  • China

  • Indonesia

  • Malaysia

  • Japan

  • Philippines

  • Others

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