The cassava starch global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cassava Starch Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The
cassava starch market size has grown strongly in recent years. It will
grow from $4.47 billion in 2023 to $4.74 billion in 2024 at a compound
annual growth rate (CAGR) of 5.9%. The growth in the historic period can
be attributed to rise in demand for convenience foods, driven by
urbanization and busy lifestyles, increasing consumption of gluten-free
products, rising consumption of functional foods, and increasing product
usage as an alternative sweeteners.
The cassava starch market size is expected to see strong growth in the next few years. It will grow to $6.06 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to growing food processing sector, rise in gluten intolerance and celiac disease awareness, growing consumption of processed foods, growing consumer preference for natural, and growing aware of the health benefits. Major trends in the forecast period include innovations in processing techniques and the development of cassava starch-based biodegradable, thickening, and stabilizing properties make it a vital ingredient, expansion of food processing industry, demand for natural food additives, and improved extraction methods.
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Scope Of Cassava Starch Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cassava Starch Market Overview
Market Drivers -
The
growing consumption of processed foods is expected to propel the growth
of the cassava starch market going forward. Processed foods refer to
any food that has been altered in some way during preparation, including
those that are cut, washed, heated, pasteurized, canned, cooked,
frozen, dried, dehydrated, mixed, or packaged. The growing consumption
of processed foods is due to the increasing availability, marketing,
convenience, and unfavorable nutritional profile of ultra-processed
foods, coupled with insufficient regulatory action. Cassava starch plays
a crucial role in the processed food industry by enhancing texture,
stability, and shelf life, providing a cost-effective and versatile
ingredient that meets the demands of modern food processing and consumer
preferences. For instance, in 2023, according to the United States
Department of Agriculture, a US-based federal agency, the total value of
US processed food products exported from the country increased to
$36.59 billion in 2023, an increase of 1.7% compared to previous years.
Therefore, the growing consumption of processed foods drives the cassava
starch market.
Market Trends -
Major companies operating in
the cassava starch market are developing innovative products, such as
gluten-free products, to meet the rising consumer demand for
allergen-friendly and healthier food options. Gluten-free cassava chips
are a type of snack food made from thinly sliced cassava root that is
deep-fried and seasoned. These chips are gluten-free, meaning they do
not contain the protein gluten commonly found in wheat, barley, and rye.
For instance, in June 2023, Lemonilo, an Indonesian-based prominent
health food brand, launched Cassamo, a high-fiber and gluten-free
cassava chip. These chips are available in two flavors, Smoky BBQ and
Spicy BBQ, and are rich in fiber and free from preservatives and flavor
enhancers. This nutritious snack option provides a healthier alternative
to traditional potato chips, catering to the dietary preferences of
health-conscious consumers.
The cassava starch market covered in this report is segmented –
1) By Type: Native, Modified, Sweeteners
2) By Form: Solid, Dry
3) By Nature: Conventional, Organic
4) By End User: Food and Beverage, Pharmaceuticals, Animal Feed, Cosmetics, Others
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Regional Insights -
Asia-Pacific
was the largest region in the Cassava Starch market in 2023. North
America is expected to be the fastest-growing region in the forecast
period. The regions covered in the cassava starch market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, Middle East, Africa.
Key Companies -
Major companies
operating in the cassava starch market are Cargill Incorporated. , The
Archer-Daniels-Midland Company (ADM), Ingredion Inc., Roquette Frères,
AGRANA Beteiligungs-AG , PT Buda Starch & Sweetener TbK, Tate &
Lyle PLC, KengSeng Group Of Company, Ekta International , Global
Sweeteners Holdings Ltd, SPAC Starch Products, Vaighai Agro Products
Limited, Universal Starch Chem Allied Ltd., Aryan Group, Psaltry
International Company Limited, Sunrise International Inc., Visco Starch,
Visco Starch, Matna Foods Ltd., Viet Delta Industrial Corporation,
Eiamheng Tapioca Starch Industry Co. Ltd.
Table of Contents
1. Executive Summary
2. Cassava Starch Market Report Structure
3. Cassava Starch Market Trends And Strategies
4. Cassava Starch Market – Macro Economic Scenario
5. Cassava Starch Market Size And Growth
…..
27. Cassava Starch Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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