The global cassava starch market size reached a production volume of 8.8 Million Tons in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during the next five years. Cassava starch, or tapioca, is procured from cassava roots through the process of washing and pulping. It is rich in iron, folate, manganese, carbohydrates and calcium. In comparison with its alternatives, cassava is a relatively cheap raw material containing a high concentration of starch. Moreover, cassava starch offers numerous advantages such as neutral taste, high level of purity and excellent thickening characteristics. It also has a high paste clarity, freeze-thaw stability and paste viscosity. Owing to this, cassava starch finds applications in diverse industries like food, beverage, fuel, textile, sweeteners and paper.
IMARC Group provides an analysis of the key trends in each sub-segment of the global cassava starch market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on end-use and region.
Breakup by End-Use:
Based on end-use, the report finds that the sweeteners industry accounts for the majority of the total market share. Cassava starch is highly preferred for the production of sweeteners as a result of its high level of purity, excellent texture, thickening properties and neutral taste. It is followed by MSG/lysine, food industries, paper industries, modified starch, sago pearl and textile.
On a geographical front, Asia represents the largest producer of cassava starch, holding around three-fourths of the total share. Cassava starch is comparatively cheaper and occupies agriculturally marginal areas due to which economically backward farmers are able to cultivate the crop. Asia is followed by Africa, Latin America and Others.
The competitive landscape of the cassava starch industry is fragmented in nature due to the presence of numerous small and large players. Some of the leading players operating in the market are:
This report provides a deep insight into the global cassava starch industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a cassava starch manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the cassava starch industry in any manner.
The global cassava starch market reached a production volume of 8.8 Million Tons in 2020.
According to the estimates by IMARC Group, the global cassava starch market is expected to witness a moderate growth during 2021-2026.
The increasing demand for ready-to-eat food products with hectic consumer work schedules and sedentary lifestyles represents one of the key drivers for the global cassava starch market.
The expanding non-food applications of cassava starch for producing ethanol, paper and cardboard, textiles, pharmaceutical, glues and adhesives, etc., represent one of the key trends in the global cassava starch market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries of cassava starch, thereby negatively impacting the overall market growth.
On the basis of the end-use, the market has been segmented into sweeteners, MSG/lysine, food industries, paper industries, modified starch, sago pearl, and textile. At present, sweeteners exhibit a clear dominance in the market.
Region-wise, the market has been classified into Asia Pacific, Africa, and Latin America, and others, where Asia Pacific dominates the global market.
The key companies in the global cassava starch market are TCS Tapioca, Eiamheng Tapioca, Sunrise International, PT Buda Starch & Sweetener, and SPAC Tapioca.
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