Cassava Starch Market
Cassava Starch Market Study by Native, Modified, and Sweeteners for F&B, Pharmaceuticals, Cosmetics & Personal Care, Animal Feed, Paper, Textiles, and Adhesives from 2024 to 2034
Analysis of Cassava Starch Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Cassava Starch Market Outlook (2024 to 2034)
As per a new report published by Fact.MR, the global cassava starch market is estimated at US$ 4.19 billion in 2024. Worldwide demand for cassava starch is predicted to increase at a 4.9% CAGR and reach a market value of US$ 6.78 billion by the end of 2034.
The rising adoption of cassava starch as a thickening agent, texture enhancer, and stabilizer in several food products, such as soups, noodles, sauces, and bakery items is predicted to drive sales. Its growing demand in the food industry is predicted to contribute to cassava starch market growth.
Cassava starch is utilized in multiple industrial applications, including in the production of paper, adhesives, pharmaceuticals, and textiles. A significant expansion of the industrial sector is predicted to fuel demand for cassava starch. More people are becoming aware of non-GMO and gluten-free products, which is predicted to stimulate demand for natural alternatives such as cassava starch and tapioca starch in multiple food and beverage formulations.
In South America, Asia, and Africa, cassava is a commonly consumed staple food, leading to a rise in the demand for cassava starch due to its widespread use and easy accessibility. Constant advancements in processing techniques are projected to improve the refining and extraction processes for cassava starch, which is further projected to positively influence the supply and demand dynamics.
- Sales of cassava starch in the United States are predicted to rise at a 4.5% CAGR and reach US$ 991.5 million by the end of 2034.
- Demand for cassava starch in South Korea is forecasted to increase at a CAGR of 8% from 2024 to 2034.
- Solid cassava starch is projected to account for 62.2% of the cassava starch market share by 2034.
Market growth is attributed to supportive government policies, initiatives, and subsidies aiming to promote the production and processing of cassava. The increasing focus on environmentally friendly products is predicted to drive the demand for biodegradable and natural materials, such as cassava starch. This is particularly true in industries where cassava starch is used as a sustainable alternative to synthetic materials.
| Report Attributes | Details |
|---|---|
| Cassava Starch Market Size (2024E) | US$ 4.19 Billion |
| Forecasted Market Value (2034F) | US$ 6.78 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.9% CAGR |
| East Asia Market Share (2034F) | 24.8% |
| Demand Growth in South Korea (2024 to 2034) | 8% CAGR |
| China Market Value (2034F) | US$ 1.37 Billion |
| Conventional Cassava Starch Sales (2024E) | US$ 4.97 Billion |
| Market Share of Solid Cassava Starch (2034F) | 62.2% |
| Key Companies Profiled |
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What’s Contributing to the Expansion of the Cassava Starch Market Size?
“Rising Demand for Sustainable and Environment-friendly Materials in Textile Industry”
Starches are used for multiple operations in the textile industry, including printing, cloth finishing, and wrap sizing. Demand for cassava starch is being driven by the availability of customized solutions globally, contributing to significant growth in the textile industry. Textile manufacturers are inclined to adopt effective starch solutions, including cassava starch, in several textile operations. In addition, cassava starch is also used for printing and placing certain designs on the surface of fabrics.
“Increasing Awareness About Importance of Balanced Nutrition”
Functional food products contain an optimal combination of nutrients, making them a popular choice among consumers who prioritize a healthy lifestyle. These foods have a positive effect on overall health and can help reduce the risk of certain diseases. Cassava starch, known for its high dietary fiber content and low glycemic index, is expected to be in high demand among health-conscious individuals.
A larger percentage of people are suffering from several health issues, including high blood sugar and obesity, and because of this, more consumers are inclined toward functional food consumption. Further, increased consumption of sugar and fat leads to obesity and other related health issues. The high fiber content of cassava starch is predicted to propel its demand among end users.
“Rising Use of Cassava Starch in Cereals & Snacks”
Cassava starch is one of the vital ingredients utilized in the food & beverages industry. Snacks, dairy, bakery, and similar food products utilize cassava starch significantly. Some food manufacturers are using cassava starch in cereal and snack products to enhance their quality. Further, it is used as a water-binding and texturizing agent to help achieve the desired viscosity.
With the increasing demand for hot extruded pretzels, snacks, ready-to-eat cereals, and fried foods, sales of cassava starch are predicted to increase going forward.
What are the Factors Limiting the Demand Growth for Cassava Starch?
“Widespread Availability and Popularity of Alternative Starch Options”
Rising popularity and availability of alternative starch options such as rice, corn, wheat, and potato starch are expected to negatively affect the cassava starch market growth. This is likely to result in a decrease in the demand for cassava starch as consumers and manufacturers opt for these alternative substitutes.
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How are Start-ups Projected to Establish Their Presence in This Market?
“Focus on R&D Investments and Obtaining Certifications”
Start-ups are investing in the development of several innovative products. They are emphasizing getting some certifications, including GMP (Good Manufacturing Practices), FSSC (Food Safety System Certification Scheme), and ISO (International Organization for Standardization) to attract a larger consumer base. In addition, the growing expenditure on R&D activities for product improvement is also driving growth opportunities.
Country-wise Insights
East Asia is forecasted to hold a 24.8% share of the global market, as per the report published by Fact.MR, a market research and competitive intelligence provider. The immense potential for increased utilization of cassava starch in several applications, including dietary supplements, medicinal applications, nutritional drinks, and functional foods, is predicted to attract more investors in the region.
What is the State of the Market in the United States?
“Wide Use of Cassava Starch in Pharmaceuticals, Personal Care Products, and Food & Beverages”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 641.1 Million |
| Growth Rate (2024 to 2034) | 4.5% CAGR |
| Projected Value (2034F) | US$ 991.5 Million |
The United States is projected to account for 74.2% share of the North American market by 2034.
Increasing demand for cassava starch in various industries such as medicine formulation, personal care and cosmetics, and food and beverages is benefiting notable manufacturers in the United States. These industries prominently use cassava starch and also show a growing acceptance of cassava starch. As a result, there are potential profitable opportunities for players in the United States to tap into this demand.
Which Cassava Starch Market Trends are Popular in China?
“Abundant Availability of Raw Materials for Cassava Starch Production”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 840.1 Million |
| Growth Rate (2024 to 2034) | 5% CAGR |
| Projected Value (2034F) | US$ 1.37 Billion |
China is predicted to hold an 81.2% share of East Asia market revenue by the end of 2034. A larger population base with an increasing number of working professionals is predicted to stimulate the use of cassava starch in convenient food products. Moreover, the positive economic outlook in China is predicted to drive an increase in the demand for nutritious diets among health-conscious individuals. The abundant availability of several raw materials is forecasted to create opportunities for suppliers.
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Category-wise Insights
Worldwide demand for solid cassava starch is predicted to increase at a faster pace compared to other forms owing to its application in several industries, including adhesives, pharmaceuticals, textiles, and paper. Further, increased adoption of biodegradable and eco-friendly alternatives to synthetic materials is predicted to stimulate demand for cassava starch.
Which Form of Cassava Starch Exhibits Higher Demand?
“High Demand for Solid Cassava Starch for Use in Convenience and Processed Products”
| Attribute | Solid Form |
|---|---|
| Segment Value (2024E) | US$ 2.69 Billion |
| Growth Rate (2024 to 2034) | 4.6% CAGR |
| Projected Value (2034F) | US$ 4.22 Billion |
The solid form of cassava starch is predicted to hold 62.2% share of the global market by 2034. Solid cassava starch is extensively utilized as a stabilizer, binder, and thickening agent in several food products, including soups, noodles, sauces, and bakery goods. In addition, growing demand for convenience and processed products is predicted to propel demand for cassava starch.
A growing focus on the consumption of clean-label and gluten-free products is predicted to stimulate the adoption of solid cassava starch as an alternative to wheat-based thickeners. Further, it caters to the rising requirements of consumers looking for natural and cleaner food ingredients and the ones, who are gluten intolerant.
Why is There Substantial Demand for Cassava Starch in the F&B Industry?
“Growing Emphasis on Clean and Natural Food Ingredients”
The food & beverages segment is predicted to hold a significant share of the global market due to increasing awareness about the benefits of consumption of healthy ingredients & additives. Food manufacturers are prioritizing the development of clean-label products, which has led to a growing demand for cassava starch as a natural ingredient.
Competitive Landscape
Key manufacturers of cassava starch are adopting several strategies to achieve their set goals, including ensuring product quality control, effective supply chain management systems, new developments, and innovations.
Leading players in the cassava starch industry are Tate & Lyle, Incorporated, Cargill, Ingredion, AGRANA Starch, Psaltry International Limited, KPN Pharma Co., Ltd., Visco Starch, SPAC STARCH PRODUCTS LTD., Vaighai Agro, Ekta Internation, Aryan Internation, Sanstar Bio - Polymers Ltd., Asia Fructose Co., Ltd., Thai Foods Product International Co., Ltd., and Ng Wah International Development Limited.
Segmentation of Cassava Starch Market Research
-
By Type :
- Native
- Modified
- Sweeteners
-
By Nature :
- Organic
- Conventional
-
By Form :
- Liquid
- Solid
-
By Application :
- Food & Beverages
- Pharmaceuticals
- Cosmetics & Personal Care
- Animal Feed
- Paper, Textiles, & Adhesives
-
By Region :
- North America
- Europe
- East Asia
- Latin America
- Middle East & Africa
- South Asia & Oceania
- FAQs -
How big is the cassava starch market in 2024?
The global cassava starch market is pegged at US$ 4.19 billion in 2024.
What is the sales projection for cassava starch through 2034?
Worldwide sales of cassava starch are predicted to rise at 4.9% CAGR from 2024 to 2034.
What value is the global market projected to reach by 2034?
The market for cassava starch is forecasted to reach US$ 6.78 billion by the end of 2034.
What is the forecasted contribution of the East Asia region to the global market?
East Asia is forecasted to account for 24.8% share of the global market by 2034.
At what rate is the demand for cassava starch predicted to increase in South Korea?
Demand for cassava starch in South Korea is projected to increase at a CAGR of 8% from 2024 to 2034.
What share of the global market is the solid segment forecasted to account for?
Solid cassava starch is predicted to hold 62.2% share of global market revenue by 2034.
Cassava Starch Market