Cassava Starch Market Latest Report 2024-2032

BROOKLYN, NY, USA, December 5, 2023 /EINPresswire / -- IMARC Group report 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 (Tapioca) starch market size reached US$ 5.2 Billion in 2023 . Looking forward, IMARC Group expects the market to reach US$ 7.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032.

Factors Affecting the Growth of the Cassava Starch Industry:

Diverse Industrial Applications:

Cassava starch's versatility across multiple industries represents one of the key factors driving the growth of the cassava starch market across the globe. In the food and beverage sector, it's used as a thickener, stabilizer, and texture enhancer in products like soups, sauces, and baked goods, appealing to the rising demand for processed foods. In textiles, cassava starch plays a crucial role in the sizing process, improving the strength and smoothness of yarns. The paper industry utilizes it as a binder, enhancing paper quality and finish. In pharmaceuticals, it serves as an excipient, aiding in drug formulation and delivery. Moreover, in the adhesives industry, cassava starch is valued for its binding properties. This wide-ranging applicability across diverse sectors drives the steady demand for cassava starch, underpinning its market growth.

Growing Demand for Processed Foods:

The increase in the consumption of processed foods is a significant driver for the cassava starch market. Cassava starch is widely used in the food processing industry due to its desirable properties like thickening, gelling, and stabilizing. As global dietary patterns shift towards convenient and ready-to-eat food products, the demand for ingredients that enhance the texture, shelf-life, and taste of these products rises. Cassava starch meets these needs effectively, making it a popular choice in the formulation of numerous processed foods such as bakery items, snacks, soups, and sauces. In addition to this, the growing urbanization, rising disposable incomes, and busy lifestyles further fuel the demand for processed foods, thereby indirectly boosting the cassava starch market. This trend reflects the alignment of cassava starch applications with evolving consumer preferences and market demands.

Advancements in Cassava Cultivation and Processing:

Significant advancements in cassava cultivation and processing are pivotal in driving the cassava starch market. Modern agricultural practices are leading to the development of higher-yielding, disease-resistant cassava varieties, enhancing productivity and supply stability. These improvements reduce the vulnerability of cassava crops to pests and environmental stressors, which ensures a consistent raw material supply for starch production. In processing, technological innovations are streamlining the extraction and refinement of cassava starch, which is increasing efficiency and output while reducing waste. These advancements include more sophisticated machinery and techniques for better starch extraction and purification, which results in higher quality products. Such progress not only optimizes production costs but also meets the increasing demand for cassava starch in various industries, thereby significantly contributing to market growth.

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Cassava Starch Market Report Segmentation:

By End Use:

.Sweeteners
.MSG/Lysine
.Food Industries
.Paper Industries
.Modified Starch
.Sago Pearl
.Textile
.Others

Sweeteners represented the largest end use segment in the global cassava starch market because cassava starch is extensively used in the production of various sweeteners, including high fructose syrup, due to its high carbohydrate content and efficient conversion properties.

Regional Insights:

Production
.Asia
.Africa
.Latin America
.Others

Consumption
.China
.Indonesia
.Malaysia
.Japan
.Philippines
.Others

Asia is the largest region market for cassava starch, largely due to the significant cultivation of cassava in countries like Thailand, Vietnam, and Indonesia, combined with the region's growing food processing industry that heavily utilizes cassava starch.

Leading Companies Operating in the Cassava Starch Market:

.TCS Tapioca
.Eiamheng Tapioca
.Sunrise International
.PT Buda Starch & Sweetener
.Sharp SPAC Tapioca

Global Cassava Starch Market Trends:

The rising consumer preference for gluten-free products represents one of the key factors driving the growth of the cassava starch market across the globe. This trend caters to individuals with gluten intolerance and those opting for gluten-free diets for lifestyle reasons. The burgeoning processed food and beverage industry, especially in emerging economies, is significantly driving the demand for cassava starch used as a thickener, stabilizer, and texture enhancer.

Significant advancements in processing technologies are improving the efficiency and yield of cassava starch extraction, which is contributing to the growth of the market. There is an increasing focus on sustainable agricultural practices and local sourcing, benefiting cassava cultivation, which is often undertaken by smallholder farmers in tropical regions.

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Key Highlights of the Report:

.Market Performance (2018-2023)
.Market Outlook (2024-2032)
.Market Trends
.Market Drivers and Success Factors
.Impact of COVID-19
.Value Chain Analysis
.Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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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.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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.

Elena Anderson
IMARC Services Private Limited
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