How it Work 

The global cassava starch market Size was valued at USD 40.53 billion in 2018 and is projected to reach USD 66.84 billion by 2026, exhibiting a CAGR of 6.50% during the forecast period. Starches are used in the textile industry for various purposes such as warp sizing, printing, cloth finishing, and for other uses. In warp sizing, cassava starch is one of the major ingredients that is being added. The textile industry offers various customized solutions, which leads to significant growth in the industry. Cassava starch is considered as an effective starch solution by the textile manufacturers in various textile operations. It is also being used for cloth printing and to place a particular design on a smooth surface on the fabric. There is a viable growth of the textile industry in the global marketplace, which creates a demand for various starch solutions.

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MARKET TRENDS

"Rising Consumption of Functional Foods Triggers the Demand for Cassava Starch"

 

The global cassava starch market is changing rapidly and pursuing a strong growth, owing to its benefits on offering products to consumers along with the taste and sensorial effects in the food. The consumers are becoming more aware and health-conscious across the globe that is driving its demand which aims to promote better health, increase longevity, and prevent the onset of chronic diseases. Foods fortified with nutritional and disease eluding properties are stimulating the world's nutritional food sector. The changing consumer’s food eating patterns and their evolving taste preference have necessitated the manufacturers to introduce and innovate new functional food and beverages in the global market place.Japan is one of the major consumers of functional food. The rising hectic lifestyle and increasing fitness trends have led to increased consumption of on-the-go functional foods such as bakery products, fortified beverages, smoothies, and others in their workplace. The manufacturers are trying to produce new food products that meet the ‘functional’ definition to answer its growing demand all across the world. The functional food sector holds an important place in the overall fortified food pyramid, which shows and reflects its increasing popularity among consumers across the world.Tapioca starch is used in various functional food products as an ingredient as it possesses natural dietary fiber properties, thus driving the growth of the global market.

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MARKET DRIVERS

“Rising Gluten-intolerant Population to Spur Demand for Cassava Starch in Food Products ”

 

Cassava starch is utilized by various food and beverage manufacturers as it contains various natural properties such as antioxidants. It is predominantly used in a variety of food products such as meat products, bakery, ready-to-eat food products, dairy, functional food & beverages, cereals, snacks, sweet potato and others.  The starch is a naturally gluten-free product, which is utilized in various gluten/celiac-free food products. Gluten intolerant population is one of the major factors for the growth of the starch market.According to Beyond Celiac Organization, around 18 Million population in the U.S. are sensitive towards gluten/celiac, and the condition is expected to grow at a rate of 3.6%

 

“Incorporation of Manioc Starch in Various Cereals & Snacks Triggers the Growth of the Market ”

 

Manioc starch is one of the very vital ingredients that are added to the food products by the manufacturers. Dairy, bakery, and snack products are one of the major categories that are utilizing manioc starch. Among which the major food products consumed by the people are snacks and cereals. In order to enhance the quality of the food product, manufacturers are incorporating the usage of manioc starch in it. The starch helps to attain the desired viscosity in snack products when compared to the other starch products. It is used as a natural binding agent and a texturizer in the food products. The high water-holding, viscosity, and binding properties make it more suitable for the manufacturing of snack products. Since the demand for extruded snacks, ready-to-eat cereals, and pretzels are growing, the demand for manioc starch is also expected to grow. Freeze-thaw stability is used to measure the total effect of temperature changes on an emulsion.

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REGIONAL ANALYSIS

 

“Asia Pacific Cassava Starch Market is expected to hold the Largest Market Share, Owing to the High Production and Utilization of Cassava in the Region”

 

Asia Pacific is one of the major market places in the world with immense potential for the utility and consumption of cassava starch in several applications, such as functional food, dietary supplements, nutritional drinks, medicinal applications, and others. Asia Pacific is one of the leading producers of cassava and its starch, followed by the Middle East and Africa. The region has a larger population with various working professionals. The fast pacing and busy lifestyle are one of the major reasons for the growth of the cassava starch market in cassava starch market in nigeria and rest of the region. The improving economic conditions of several countries such as India, China, Indonesia, and others with increasing awareness of healthy diets among the consumers have influenced their buying behavior positively. Abundant availability of raw materials in the region is the main factor that creates opportunities for cassava starch manufacturers to grow in the market place.North America is the fastest-growing region with immense potential for cassava starch and witnessed for the fastest growth rate across the world including Latin America. The rapid expansion of the food and beverage sectors is a major pillar that drives the cassava starch market across the region. The region has the largest gluten intolerance population, which directly helps in the growth of the market as cassava is gluten-free. Cassava starch is low in calories and a rich source of fibers and antioxidants and helps to reduce fat & cholesterol of the human body. The manufacturers are highly utilizing such opportunities by launching new and innovative cassava starch based-food and beverages in countries such as the U.S., Canada, and Mexico to meet the demand from the obese population across the region. 

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KEY INDUSTRY PLAYERS 

 

“Highly Fragmented and Consolidated Industry Structure of Cassava Starch”

 

The global cassava starch market is highly consolidated and fragmented, due to the emergence of several domestic and local players in the global market. The cassava starch manufacturers are capitalizing on reinforcing the distribution network, implementation of cost reduction techniques, and placement of varied cassava starch products in the global marketplace. Private label and region-dominant players such as Tate and Lyle, Ingredion Incorporated, Cargill Inc., and others have set new standards for innovation and development of specialized cassava starch with new formulations. This is further encouraging natural ingredient giants to scale up their product launch and expand their product portfolios in the foreseeable future.

 

LIST OF KEY COMPANIES PROFILED:

Tate & Lyle Cargill,

IncIngredionAGRANA Starch

The Dutch Agricultural Development & Trading Company

BVVisco

StarchVaighai

AgroAryan

InternationalPsaltry

International Limited Ekta

InternationalChorchaiwat Industry Company Limited

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