Product Code: PMRREP16786
Persistence Market Research has recently published an extensive report on the global Cassava Starch Market. This report offers a comprehensive analysis of the key market dynamics, including drivers, trends, opportunities, and challenges, providing deep insights into the market structure.
Key Insights:
- Cassava Starch Market Size (2024E): US$ 7,628.0 Mn
- Projected Market Value (2033F): US$ 12,350.5 Mn
- Global Market Growth Rate (CAGR 2024 to 2033): 5.5%
Cassava Starch Market - Report Scope:
The Cassava Starch Market encompasses a wide range of applications, including its use as a food additive, thickener, and stabilizer in various processed foods, as well as in non-food industries such as paper, textile, and pharmaceuticals. Cassava starch, derived from the cassava root, is popular for its versatile properties and its high yield in comparison to other starches. The market for cassava starch is experiencing steady growth, driven by the rising demand for gluten-free products, increasing applications in processed foods, and its cost-effectiveness compared to other starches.
Market Growth Drivers:
Several key factors are driving the global Cassava Starch Market. The rising awareness of gluten intolerance and celiac disease has significantly increased the demand for cassava starch as a gluten-free alternative in various food products. The growth in the processed food industry, particularly in developing regions, is boosting the demand for cassava starch as a stabilizer and thickening agent. Additionally, the increasing utilization of cassava starch in non-food applications such as paper and textiles is further fueling market growth.The affordability of cassava starch compared to other types of starches, such as corn or wheat, has made it a preferred choice among manufacturers. Its neutral taste and superior binding properties enhance its utility in various culinary and industrial applications. Furthermore, the sustainable cultivation practices and higher yield per hectare of cassava compared to other starch crops make it an environmentally friendly and economically viable option for manufacturers, driving market demand.
Market Restraints:
Despite promising growth prospects, the Cassava Starch Market faces challenges. One of the primary challenges is the fluctuation in raw material prices due to seasonal and climatic changes, which can affect cassava yields. This creates uncertainties in the supply chain and can lead to price volatility, affecting manufacturers' profitability.In addition, the production of cassava starch is highly dependent on labor-intensive farming practices in certain regions, which may hinder scalability and lead to supply chain inefficiencies. The lack of technological advancements in cassava cultivation and processing in some areas further restricts market growth. Moreover, competition from other starch sources, particularly corn and potato starch, poses a challenge as manufacturers explore cost-effective alternatives.
Market Opportunities:
The Cassava Starch Market presents significant opportunities driven by the growing demand for clean-label and organic products. Consumers are increasingly seeking natural and minimally processed food ingredients, providing an avenue for cassava starch manufacturers to cater to this market segment. Additionally, the rising trend of veganism and plant-based diets is creating opportunities for cassava starch to be used in a variety of plant-based food products.Innovations in cassava starch processing technologies also offer opportunities for manufacturers to enhance product quality and expand its applications. The development of modified cassava starch with improved functional properties such as higher viscosity, enhanced stability, and better binding characteristics is expected to open up new avenues for its use in food, pharmaceuticals, and industrial applications.
The expanding reach of e-commerce and the growing trend of direct-to-consumer sales models provide new growth avenues for cassava starch manufacturers. By leveraging online platforms, companies can target a broader audience, particularly in regions where traditional distribution channels are underdeveloped.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the Cassava Starch Market globally?
- Which applications of cassava starch are leading in various regions?
- How are technological advancements influencing the competitive landscape of the Cassava Starch Market?
- Who are the key players in the Cassava Starch Market, and what strategies are they employing to stay competitive?
- What are the emerging trends and future prospects in the global Cassava Starch Market?
Competitive Intelligence and Business Strategy:
Leading players in the global Cassava Starch Market, including Cargill Incorporated, Ingredion Incorporated, and Tate & Lyle PLC, focus on expanding their product portfolios through strategic acquisitions and collaborations. These companies are investing in R&D to develop modified cassava starches with enhanced properties that cater to the evolving needs of various industries.
Collaborations with farmers and local suppliers in key producing regions are critical to ensuring a consistent supply of high-quality cassava roots. Companies are also investing in sustainable farming practices and promoting fair trade to maintain a positive image and enhance brand loyalty among environmentally conscious consumers. Marketing strategies that emphasize the gluten-free, non-GMO, and clean-label attributes of cassava starch are expected to further drive market growth.
Key Companies Profiled:
- Tate & Lyle
- Ingredion
- Cargill, Incorporated.
- AGRANA Starch
- The Dutch Agricultural Development & Trading Company BV
- Psaltry International Limited
- Visco Starch
- Vaighai Agro
- KPN Pharma co.;ltd
- SPAC STARCH PRODUCTS (INDIA) LTD.
- Ekta International
Cassava Starch Market Industry Segmentation
By Type:
By Nature:
By Application:
- Food & Beverage
- Pharmaceutical
- Cosmetics & Personal Care
- Paper, Textile & Adhesives
- Animal Feed
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Market Outlook
- 1.2. Demand Side Trends
- 1.3. Supply Side Trends
- 1.4. Analysis and Recommendations
2. Market Overview
- 2.1. Market Coverage / Taxonomy
- 2.2. Market Definition / Scope / Limitations
3. Key Market Trends
- 3.1. Key Trends Impacting the Market
- 3.2. Product Innovation / Development Trends
4. Key Success Factors
- 4.1. Product USPs / Features
- 4.2. Strategic Promotional Strategies
5. Global Cassava Starch Market Demand Analysis 2019-2023 and Forecast, 2024-2033
- 5.1. Historical Market Volume (Tons) Analysis, 2019-2023
- 5.2. Current and Future Market Volume (Tons) Projections, 2024-2033
6. Global Cassava Starch Market - Pricing Analysis
- 6.1. Regional Pricing Analysis By Type
- 6.2. Pricing Break-up
- 6.2.1. Manufacturer Level Pricing
- 6.2.2. Distributor Level Pricing
- 6.3. Global Average Pricing Analysis Benchmark
7. Global Cassava Starch Market Demand (in Value or Size in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2033
- 7.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
- 7.2. Current and Future Market Value (US$ Mn) Projections, 2024-2033
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis
8. Market Background
- 8.1. Macro-Economic Factors
- 8.1.1. Global GDP Growth Outlook
- 8.1.2. Global Food Retail Outlook
- 8.1.3. Global Industry Value Added
- 8.2. Forecast Factors - Relevance & Impact
- 8.2.1. Global Food & Beverage Industry Outlook
- 8.2.2. Global Urbanization Growth Outlook
- 8.3. Global Agricultural Outlook
- 8.4. Global Cassava Production
- 8.5. Global Cassava Trade Analysis
- 8.5.1. Top Cassava Importers
- 8.5.2. Top Cassava Exporters
- 8.6. Global Cassava Starch Trade Analysis
- 8.6.1. Top Cassava Starch Importers
- 8.6.2. Top Cassava Starch Exporters
- 8.7. Supply Chain Analysis
- 8.8. Market Dynamics
- 8.8.1. Drivers
- 8.8.2. Restraints
- 8.8.3. Opportunity Analysis
9. Global Cassava Starch Market Analysis 2019-2023 and Forecast 2024-2033, By Type
- 9.1. Introduction / Key Findings
- 9.2. Historical Market Size (US$ Mn) and Volume Analysis By Type, 2019-2023
- 9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Type, 2024-2033
- 9.3.1. Native
- 9.3.2. Modified
- 9.4. Market Attractiveness Analysis By Type
10. Global Cassava Starch Market Analysis 2019-2023 and Forecast 2024-2033, By Nature
- 10.1. Introduction / Key Findings
- 10.2. Historical Market Size (US$ Mn) and Volume Analysis By Nature, 2019-2023
- 10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Nature, 2024-2033
- 10.3.1. Organic
- 10.3.2. Conventional
- 10.4. Market Attractiveness Analysis By Nature
11. Global Cassava Starch Market Analysis 2019-2023 and Forecast 2024-2033, By Application
- 11.1. Introduction / Key Findings
- 11.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2019-2023
- 11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2024-2033
- 11.3.1. Food & Beverage
- 11.3.1.1. Bakery & Confectionery
- 11.3.1.2. Snacks & Cereals
- 11.3.1.3. Processed Food
- 11.3.1.4. Functional Food
- 11.3.1.5. Soups, Sauces, & Gravies
- 11.3.1.6. Beverages
- 11.3.1.7. Others
- 11.3.2. Pharmaceutical
- 11.3.3. Cosmetics & Personal Care
- 11.3.4. Paper, Textile & Adhesives
- 11.3.5. Animal Feed
- 11.4. Market Attractiveness Analysis By Application
12. Global Cassava Starch Market Analysis 2019-2023 and Forecast 2024-2033, By Region
- 12.1. Introduction
- 12.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2019-2023
- 12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2024-2033
- 12.3.1. North America
- 12.3.2. Latin America
- 12.3.3. Europe
- 12.3.4. Middle East and Africa (MEA)
- 12.3.5. East Asia
- 12.3.6. South Asia & Pacific
- 12.4. Market Attractiveness Analysis By Region
13. North America Cassava Starch Market Analysis 2019-2023 and Forecast 2024-2033
- 13.1. Introduction
- 13.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
- 13.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 13.3.1. By Country
- 13.3.1.1. U.S.
- 13.3.1.2. Canada
- 13.3.2. By Type
- 13.3.3. By Nature
- 13.3.4. By Application
- 13.4. Market Attractiveness Analysis
- 13.4.1. By Country
- 13.4.2. By Type
- 13.4.3. By Nature
- 13.4.4. By Application
- 13.5. Drivers and Restraints - Impact Analysis
14. Latin America Cassava Starch Market Analysis 2019-2023 and Forecast 2024-2033
- 14.1. Introduction
- 14.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
- 14.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 14.3.1. By Country
- 14.3.1.1. Brazil
- 14.3.1.2. Mexico
- 14.3.1.3. Argentina
- 14.3.1.4. Rest of Latin America
- 14.3.2. By Type
- 14.3.3. By Nature
- 14.3.4. By Application
- 14.4. Market Attractiveness Analysis
- 14.4.1. By Country
- 14.4.2. By Type
- 14.4.3. By Nature
- 14.4.4. By Application
- 14.5. Drivers and Restraints - Impact Analysis
15. Europe Cassava Starch Market Analysis 2019-2023 and Forecast 2024-2033
- 15.1. Introduction
- 15.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
- 15.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 15.3.1. By Country
- 15.3.1.1. Germany
- 15.3.1.2. U.K.
- 15.3.1.3. France
- 15.3.1.4. Italy
- 15.3.1.5. Spain
- 15.3.1.6. Benelux
- 15.3.1.7. Nordic
- 15.3.1.8. Russia
- 15.3.1.9. Poland
- 15.3.1.10. Rest of Europe
- 15.3.2. By Type
- 15.3.3. By Nature
- 15.3.4. By Application
- 15.4. Market Attractiveness Analysis
- 15.4.1. By Country
- 15.4.2. By Type
- 15.4.3. By Nature
- 15.4.4. By Application
- 15.5. Drivers and Restraints - Impact Analysis
16. South Asia & Pacific Cassava Starch Market Analysis 2019-2023 and Forecast 2024-2033
- 16.1. Introduction
- 16.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
- 16.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 16.3.1. By Country
- 16.3.1.1. India
- 16.3.1.2. ASEAN
- 16.3.1.3. Oceania
- 16.3.1.4. Rest of South Asia & Pacific
- 16.3.2. By Type
- 16.3.3. By Nature
- 16.3.4. By Application
- 16.4. Market Attractiveness Analysis
- 16.4.1. By Country
- 16.4.2. By Type
- 16.4.3. By Nature
- 16.4.4. By Application
- 16.5. Drivers and Restraints - Impact Analysis
17. East Asia Cassava Starch Market Analysis 2019-2023 and Forecast 2024-2033
- 17.1. Introduction
- 17.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
- 17.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 17.3.1. By Country
- 17.3.1.1. Japan
- 17.3.1.2. China
- 17.3.1.3. South Korea
- 17.3.2. By Type
- 17.3.3. By Nature
- 17.3.4. By Application
- 17.4. Market Attractiveness Analysis
- 17.4.1. By Country
- 17.4.2. By Type
- 17.4.3. By Nature
- 17.4.4. By Application
- 17.5. Drivers and Restraints - Impact Analysis
18. Middle East and Africa Cassava Starch Market Analysis 2019-2023 and Forecast 2024-2033
- 18.1. Introduction
- 18.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
- 18.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 18.3.1. By Country
- 18.3.1.1. GCC
- 18.3.1.2. North Africa
- 18.3.1.3. South Africa
- 18.3.1.4. Rest of Middle East & Africa
- 18.3.2. By Type
- 18.3.3. By Nature
- 18.3.4. By Application
- 18.4. Market Attractiveness Analysis
- 18.4.1. By Country
- 18.4.2. By Type
- 18.4.3. By Nature
- 18.4.4. By Application
- 18.5. Drivers and Restraints - Impact Analysis
19. Country Wise Market Analysis 2024
- 19.1. Introduction
- 19.1.1. Market Value Proportion Analysis, By Key Countries
- 19.1.2. Global Vs. Country Growth Comparison
- 19.2. U.S. Cassava Starch Market Analysis
- 19.2.1. By Type
- 19.2.2. By Nature
- 19.2.3. By Application
- 19.3. Canada Cassava Starch Market Analysis
- 19.3.1. By Type
- 19.3.2. By Nature
- 19.3.3. By Application
- 19.4. Mexico Cassava Starch Market Analysis
- 19.4.1. By Type
- 19.4.2. By Nature
- 19.4.3. By Application
- 19.5. Brazil Cassava Starch Market Analysis
- 19.5.1. By Type
- 19.5.2. By Nature
- 19.5.3. By Application
- 19.6. Germany Cassava Starch Market Analysis
- 19.6.1. By Type
- 19.6.2. By Nature
- 19.6.3. By Application
- 19.7. Italy Cassava Starch Market Analysis
- 19.7.1. By Type
- 19.7.2. By Nature
- 19.7.3. By Application
- 19.8. France Cassava Starch Market Analysis
- 19.8.1. By Type
- 19.8.2. By Nature
- 19.8.3. By Application
- 19.9. U.K. Cassava Starch Market Analysis
- 19.9.1. By Type
- 19.9.2. By Nature
- 19.9.3. By Application
- 19.10. Spain Cassava Starch Market Analysis
- 19.10.1. By Type
- 19.10.2. By Nature
- 19.10.3. By Application
- 19.11. Russia Cassava Starch Market Analysis
- 19.11.1. By Type
- 19.11.2. By Nature
- 19.11.3. By Application
- 19.12. China Cassava Starch Market Analysis
- 19.12.1. By Type
- 19.12.2. By Nature
- 19.12.3. By Application
- 19.13. Japan Cassava Starch Market Analysis
- 19.13.1. By Type
- 19.13.2. By Nature
- 19.13.3. By Application
- 19.14. S. Korea Cassava Starch Market Analysis
- 19.14.1. By Type
- 19.14.2. By Nature
- 19.14.3. By Application
- 19.15. India Cassava Starch Market Analysis
- 19.15.1. By Type
- 19.15.2. By Nature
- 19.15.3. By Application
- 19.16. ASEAN Cassava Starch Market Analysis
- 19.16.1. By Type
- 19.16.2. By Nature
- 19.16.3. By Application
- 19.17. Australia and New Zealand Cassava Starch Market Analysis
- 19.17.1. By Type
- 19.17.2. By Nature
- 19.17.3. By Application
- 19.18. Turkey Cassava Starch Market Analysis
- 19.18.1. By Type
- 19.18.2. By Nature
- 19.18.3. By Application
- 19.19. South Africa Cassava Starch Market Analysis
- 19.19.1. By Type
- 19.19.2. By Nature
- 19.19.3. By Application
20. Market Structure Analysis
- 20.1. Market Analysis By Tier of Companies
- 20.2. Market Concentration
- 20.3. Market Share Analysis of Top Players
- 20.4. Market Presence Analysis
21. Competition Analysis
- 21.1. Competition Dashboard
- 21.2. Competition Benchmarking
- 21.3. Competition Deep Dive
- 21.3.1. Tate & Lyle
- 21.3.1.1. Overview
- 21.3.1.2. Product Portfolio
- 21.3.1.3. Key Developments
- 21.3.1.4. Strategy Overview
- 21.3.2. Ingredion
- 21.3.2.1. Overview
- 21.3.2.2. Product Portfolio
- 21.3.2.3. Key Developments
- 21.3.2.4. Strategy Overview
- 21.3.3. Cargill, Incorporated.
- 21.3.3.1. Overview
- 21.3.3.2. Product Portfolio
- 21.3.3.3. Key Developments
- 21.3.3.4. Strategy Overview
- 21.3.4. AGRANA Starch
- 21.3.4.1. Overview
- 21.3.4.2. Product Portfolio
- 21.3.4.3. Key Developments
- 21.3.4.4. Strategy Overview
- 21.3.5. The Dutch Agricultural Development & Trading Company BV
- 21.3.5.1. Overview
- 21.3.5.2. Product Portfolio
- 21.3.5.3. Key Developments
- 21.3.5.4. Strategy Overview
- 21.3.6. Psaltry International Limited
- 21.3.6.1. Overview
- 21.3.6.2. Product Portfolio
- 21.3.6.3. Key Developments
- 21.3.6.4. Strategy Overview
- 21.3.7. Visco Starch
- 21.3.7.1. Overview
- 21.3.7.2. Product Portfolio
- 21.3.7.3. Key Developments
- 21.3.7.4. Strategy Overview
- 21.3.8. Vaighai Agro
- 21.3.8.1. Overview
- 21.3.8.2. Product Portfolio
- 21.3.8.3. Key Developments
- 21.3.8.4. Strategy Overview
- 21.3.9. KPN Pharma co.;ltd
- 21.3.9.1. Overview
- 21.3.9.2. Product Portfolio
- 21.3.9.3. Key Developments
- 21.3.9.4. Strategy Overview
- 21.3.10. SPAC STARCH PRODUCTS (INDIA) LTD.
- 21.3.10.1. Overview
- 21.3.10.2. Product Portfolio
- 21.3.10.3. Key Developments
- 21.3.10.4. Strategy Overview
- 21.3.11. Ekta International
- 21.3.11.1. Overview
- 21.3.11.2. Product Portfolio
- 21.3.11.3. Key Developments
- 21.3.11.4. Strategy Overview
- 21.3.12. Sanstar Bio - Polymers Ltd.
- 21.3.12.1. Overview
- 21.3.12.2. Product Portfolio
- 21.3.12.3. Key Developments
- 21.3.12.4. Strategy Overview
- 21.3.13. Aryan International
- 21.3.13.1. Overview
- 21.3.13.2. Product Portfolio
- 21.3.13.3. Key Developments
- 21.3.13.4. Strategy Overview
- 21.3.14. Ng Wah International Development Limited
- 21.3.14.1. Overview
- 21.3.14.2. Product Portfolio
- 21.3.14.3. Key Developments
- 21.3.14.4. Strategy Overview
- 21.3.15. Thai Foods Product International Co., Ltd
- 21.3.15.1. Overview
- 21.3.15.2. Product Portfolio
- 21.3.15.3. Key Developments
- 21.3.15.4. Strategy Overview
- 21.3.16. Asia Fructose Co., Ltd.
- 21.3.16.1. Overview
- 21.3.16.2. Product Portfolio
- 21.3.16.3. Key Developments
- 21.3.16.4. Strategy Overview
22. Assumptions and Acronyms Used
23. Research Methodology