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Cassava Starch Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A24311
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Cassava Starch Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Cassava Starch | Chemical | USA | 873 USD/MT |
| Cassava Starch | Chemical | China | 539 USD/MT |
| Cassava Starch | Chemical | Germany | 1397 USD/MT |
The cassava starch price in United States for Q4 2023 was 873 USD/MT.
The price of cassava starch in China during Q4 2023 was 539 USD/MT.
In Germany, cassava starch prices for Q4 of 2023 reached 1397 USD/MT.
Cassava Starch Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Cassava Starch Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of cassava starch pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of cassava starch at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of cassava starch price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing cassava starch price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Cassava Starch Market Analysis
The global cassava starch market size reached US$ 5.2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 7.8 Billion, at a projected CAGR of 4.80% during 2023-2032.
- The rising demand for cassava starch is being driven by its health benefits, such as being antibody-free, having low glycemic content, and being rich in dietary fibers. These attributes are making it increasingly popular among health-conscious consumers and individuals with gluten intolerance or celiac disease.
- Increased consumer consciousness about the necessity of consuming functional foods, which bear health-promoting properties, is contributing to the market expansion. As cassava starch functions as a versatile and functional ingredient, it is widely applied in the production of different kinds of health care food.
- Cassava starch is gaining popularity among individuals with busy lifestyles. It is utilized in ready-to-eat (RTE) foods or out-of-home eating products as these options require very little time to prepare.
- Continuous innovation in cassava starch products, including gluten-free and organic formulations, supports the market share. Prominent companies are developing numerous products to meet diverse consumer demands, such as those seeking natural and minimally processed formulations.
- The market is also growing due to the introduction of cassava starch products catering to specialty diets. Vegan, paleo, and ketogenic diets, which have specific ingredient profiles, are best suited to cassava starch due to its natural plant-based origin.
- The wider access network for cassava starch, including supermarkets, hypermarkets, pharmacies, and online distribution, are also catalyzing the market. These channels increase the demand and availability of cassava starch globally.
- Technological strides in processing tools drive the quality and utility of cassava starch. Improvements in extraction and processing technology are leading to cassava starch with greater purity and better texture.
- Favorable government initiatives and policies regarding the cultivation and processing of cassava are encouraging market growth. Funding from subsidies to research and development grants, as well as agricultural extension services, further creates a positive market outlook.
- Changing consumer behavior towards purchasing natural and clean-label ingredients benefits the cassava starch market. There is a growing trend in consumer demand for products free from artificial additives and preservatives, which cassava starch meets seamlessly.
- Industrial usage of cassava starch especially for food and beverages, conversion of paper and textiles is also contributing to the market demand. Due to its functionality as thickener, binder, and stabilizer, it holds immense value in multiple applications across industries.
- An increase in the production of sustainable and environment friendly products and practices has created high demand for cassava starch.
Cassava Starch News
The report covers the latest developments, updates, and trends impacting the global cassava starch market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in cassava starch production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the cassava starch price trend.
Latest developments in the cassava starch industry:
- March 23, 2023: The FDA has granted Generally Recognized As Safe (GRAS) status to FiberSmart, a sweetener made from cassava starch. It is over 90% dietary fiber, 20% as sweet as sugar, low glycemic, and suitable for various food applications.
- May 13, 2024: The ICAR-Central Tuber Crops Research Institute in Thiruvananthapuram, India is conducting a ₹4 crore research project to develop new tapioca varieties with waxy or high-amylose starches using CRISPR-Cas9 genome editing technology. Tapioca varieties in India currently have limited industrial use due to their starch composition, but by altering the composition, waxy and high amylose starches can be produced, which have various industrial applications including in textiles, pharmaceuticals, food products, and as prebiotics for gut health.
Product Description
Cassava starch, also known as tapioca starch, is a carbohydrate derived from the roots of cassava plants, which are found abundantly in regions characterized by tropical climate. Cassava starch is employed in the culinary industry to thicken soups, sauces, and gravies as well as a key ingredient in production of gluten free foods due to its neutral taste and high binding capacity.
It is also used for producing tapioca pearls that are used widely in bubble tea and other similar products. Commercially, cassava starch is used in the production of adhesive, textiles, and paper related products on account of its high adhesive nature. There are two main types of cassava starch, including native and modified.
The natural benefits of cassava starch are that it is hypoallergenic and gluten-free making it an excellent alternative for a sustainable lifestyle. It is also useful as an economic crop and yields well which has made it a cost-effective raw material for different end-use industries.
Regional Coverage
The report provides a detailed analysis of the cassava starch market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the cassava starch price trend.
Global Cassava Starch Price
The report offers a holistic view of the global cassava starch pricing trends in the form of cassava starch price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of cassava starch but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed cassava starch demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Cassava Starch Price
European cassava starch prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed cassava starch price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Cassava Starch Price
The analysis of cassava starch prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific cassava starch historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Cassava Starch Price
The report explores the cassava starch pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on cassava starch prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Cassava Starch Price
The cassava starch pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This cassava starch price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Cassava Starch Price
The analysis of cassava starch prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Cassava Starch |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Cassava Starch Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of cassava starch pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting cassava starch price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The cassava starch price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
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