Global Cassava Starch Market to Reach US$ 7.8 Billion by 2032, Catalyzed by Thriving End-Use Sectors

February 21, 2019 | Food & Beverages

According to a new study by IMARC Group, titled “Cassava Starch Market Report by End Use (Sweeteners, MSG/Lysine, Food Industries, Paper Industries, Modified Starch, Sago Pearl, Textile, and Others), and Region 2024-2032”, the global cassava starch market reached a value of US$ 5.2 Billion in 2023. Cassava starch, also known as tapioca starch, refers to the flour produced from cassava roots. Its production requires a simple process which can be performed on a small-scale with limited capital. Characterized by a neutral taste, it is a gluten-free and non-allergenic product which comprises low amounts of saturated fat and sodium. Besides this, cassava starch also contains amylopectin and amylose, and is rich in calcium, iron, folate, manganese and carbohydrates. The presence of these nutrients, along with its properties like high-paste clarity and freeze-thaw stability, has created a high demand for cassava starch across various sectors.

Global Cassava Starch Market Trends:

As cassava starch is one of the most abundant sources of carbohydrates, it is widely used as a thickening agent in bakery and pastry products, yogurt, soups, noodles, ice creams, and soft drinks. Apart from this, it is employed in the paper industry owing to its water holding property and stable viscosity. It is also utilized for sizing, finishing and printing fabrics in the textile industry. Further, due to the numerous health benefits offered by cassava starch, like maintaining blood sugar levels, reducing cholesterol and preventing constipation, health-conscious consumers are preferring cassava starch over its substitutes. However, the price of cassava starch is higher in comparison with the alternatives, such as corn starch, which hinders the growth of the market. By 2032, the market value is anticipated to reach US$ 7.8 Billion, exhibiting a CAGR of 4.8% during 2024-2032.

Market Summary:

  • On the basis of end-uses, the market has been categorized into sweeteners, MSG/lysine, food industries, paper industries, modified starch, sago pearl and textile. At present, cassava starch is majorly utilized in the production of sweeteners owing to its neutral taste and thickening property.
  • On the geographical front, Asia represents the largest producer of cassava starch and accounts for the majority of the total market share. Other major markets include Africa, Latin America and Others.
  • The competitive landscape of the market has been examined with the profiles of major players operating in the market. Some of the leading players are TCS Tapioca, Eiamheng Tapioca, Sunrise International, PT Buda Starch & Sweetener and Sharp SPAC Tapioca.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units Million Tons, US$ Billion
Segment Coverage End-Use, Region
Region Covered Production (Asia, Africa, Latin America, Others), Consumption (China, Indonesia, Malaysia, Japan, Philippines, Others)
Companies Covered TCS Tapioca, Eiamheng Tapioca, Sunrise International, PT Buda Starch & Sweetener and Sharp SPAC Tapioca
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Cassava Starch Market to Reach US$ 7.8 Billion by 2032, Catalyzed by Thriving End-Use Sectors
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