22-Aug-2023 | Zion Market Research
The global cassava starch market size was worth around USD 4.2 billion in 2022 and is predicted to grow to around USD 6.4 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.5% between 2023 and 2030.
Cassava starch is a type of starch derived from the cassava plant, scientifically known as Manihot esculenta. Cassava, also referred to as tapioca or yuca, is a tropical root crop that is widely cultivated for its starchy tuberous roots. Cassava starch is obtained by extracting the starch from the cassava roots through a process that involves peeling, washing, crushing, and separating the starch from other components. The extracted starch is then refined and dried into a fine powder, which is the final form of cassava starch. It is a versatile ingredient with a wide range of applications in various industries. In the food and beverages sector, it is used as a thickening agent, stabilizer, binder, and texturizer in products such as bakery goods, snacks, sauces, soups, confectionery, and beverages. Its neutral taste and excellent texture-modifying properties make it suitable for a variety of food formulations.
This review is based on a report by Zion Market Research, titled "Cassava Starch Market By Type (Modified and Native), By Form (Liquid and Dry), By Nature (Conventional and Organic), By Application (Food & Beverages, Pharmaceuticals, Animal Feed, Cosmetics, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030"- Report at https://www.zionmarketresearch.com/report/cassava-starch-market
Apart from the food industry, cassava starch finds applications in non-food industries as well. It is utilized in sectors like paper manufacturing, textile processing, adhesives, pharmaceuticals, and biodegradable plastics. Its adhesive properties, film-forming ability, and biodegradability make it a valuable ingredientThe demand for ready-to-eat (RTE) food products is being fueled by rapid urbanization, rising disposable income, and a growing working population. This is one of the primary components that is impacting the global cassava starch market positively. Yogurt, soups, noodles, ice cream, and soft beverages all employ cassava starch as a thickening ingredient. In addition, its expanding use in the pulp and paper sector to boost paper quality, production rates, and pulp consumption is fueling market expansion. A favorable picture for the market is also being created by the widespread use of cassava starch in pharmaceutical sectors to develop particular medications. However, the several health hazards related to the consumption of cassava starch might be limiting the industry growth during the forecast period.
The global cassava starch industry is segmented based on type, form, nature, application, and region.
Based on the type, the global market is bifurcated into modified and native. The native segment is expected to grow at a substantial rate during the forecast period. Native cassava starch refers to the unmodified or unaltered starch extracted directly from the cassava roots without undergoing any significant processing or modifications. It is the primary form of starch obtained from the cassava plant, also known as Manihot esculenta. This starch is extracted directly from the cassava roots without undergoing significant processing or modifications. It is a natural ingredient, free from chemical alterations, additives, or genetic modifications. This aspect makes it attractive to consumers seeking clean label and natural food products. Thereby driving the segment growth.
Based on the form, the global cassava starch industry is divided into liquid and dry. The liquid segment is expected to grow significantly during the forecast period. Liquid cassava starch finds significant application in the food and beverage industry. It is used as a thickening and stabilizing agent in sauces, dressings, gravies, soups, and other liquid-based food products. Liquid cassava starch provides ease of incorporation and ensures consistent viscosity in formulations, enhancing the texture and overall quality of food products.
Based on nature, the global market is bifurcated into conventional and organic. The organic segment is expected to grow at the fastest rate over the forecast period due to a shift in consumer preference for organic products globally.
Based on the application, the global cassava starch industry is segmented into food & beverages, pharmaceuticals, animal feed, cosmetics, and others. The pharmaceutical segment is expected to grow at a substantial rate over the forecast period. Cassava starch is commonly used as an excipient in tablet formulations. It serves as a binder, helping to hold the active pharmaceutical ingredients (APIs) together and form tablets with proper hardness and integrity.
The Asia Pacific is expected to dominate the global cassava starch market over the forecast period. The growth is attributed to the growing demand from the food & beverages industry and increasing demand for cassava from the industrial application as the region experience rapid growth in industrialization. However, the North American region is expected to hold a significant market share over the forecast period owing to the increasing demand from the pharmaceutical industry.
The global cassava starch market is dominated by players like:
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