Cassava is the increasingly popular feed material for starch extraction. Cassava is the oldest source for starch, after maize, wheat or potato. Cassava leaves have the healthiest form of protein and beta-carotenoids, are also used as a vegetable and forage in the world. Cassava raw material is a relatively inexpensive source for starch, which has three types: native, modified & sweetener. The cassava starch market will represent a considerable CAGR growth over the forecast period. According to the Global Cassava Starch Market will surpass US$ 8.1 Billion by 2026.
Almost half per cent of world cassava consumption is concentrated in two Regions, namely America and the Asia Pacific. Cassava is increasingly popular, particularly in African countries due to its production and rapidly increasing populations. In the world cassava market, Thailand is the leading producer followed by Vietnam and Cambodia through their production level was not as high as that of Nigeria. Apart from cassava processing into foods, this can also be processed for feeding animal, confectionery & drinks, Corrugating & Paper Making, Non-food and Pharmaceuticals & Chemicals. The growth of the cassava starch market in the future appears to be very promising due to its usage in Indonesia, United States, China and other countries.
Key players such as Cargill, Ingredion, ADM (Archer Daniels, Midland Company) & Tate & Lyle are dominated in the world cassava industry in recent years. In July 2020, Cargill’s has added the newest sweetener portfolio, which has offered food and beverage manufactures 30% sugar reduction. Covid-19 pandemic has a severe impact on supply chain & production of the Cassava starch industry globally.
Being an upscale source of carbohydrates, cassava starch is employed as a significant ingredient during a number of food products. the world food industry is currently growing at a rapid pace because of urbanization, expanding working population and rising household incomes, especially within the emerging nations like India and China. this can be has led to an increase within the demand for ready-to-eat food products which has stimulated the expansion of the cassava industry.
Earlier, the usage of cassava starch was largely confined to food applications, however, thanks to its easy availability, it's also being utilized for non-food applications like manufacturing pharmaceuticals, adhesives, papers, etc. Growth in these end-use industries is providing a thrust to the market Booming.
In the textile industry, cassava starch is employed for sizing, finishing and printing because of its flexibility, resistance to abrasion and also the ability to create a bond with the fiber. In finishing, cassava starch is employed to hide blemishes or defects and supply a finishing look to the top product. Increasing westernization is fueling the expansion of the textile industry, in turn, boosting the cassava market.
The growing health consciousness alongside the rising cases of diabetes have stimulated the demand for artificial sweeteners across the world. The increasing demand for these sweeteners is predicted to drive the cassava market within the coming years.
Renub Research report titled “Cassava Starch Market, Consumption & Forecast, by Product (Native Starch, Modified Starch, Sweeteners), Region (Asia Pacific, Americas, Rest of World) Applications (Processed Food, Confectionery & Drinks, Corrugating & Paper Making, Feed, Pharmaceuticals & Chemicals, Non-food) Companies (Ingredion, Cargill, Midland Company, Archer Daniels & Tate & Lyle)” studies the global Cassava Starch Industry market and volume.
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The global cassava starch market has been divided into
• Consumption
• Application
• Region
The report has been studied from 2 vital points.
Cassava Starch Market & Consumption
• Products
• Regions
Segmentation based on Products
• Native Starch
• Modified Starch
• Sweeteners
Segmentation based on Region
• Americas
• Asia Pacific
• Rest of the World
Segmentation based on Industry
• Confectionery and Drinks
• Processed Food
• Corrugating and Paper Making
• Feed
• Pharmaceuticals and Chemicals
• Other non-food
Companies Analysis
• Cargill
• Ingredion
• Archer Daniels Midland Company
• Tate & Lyle
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