Conservative CAGR Growth Expected in Cassava Starch Market by 2026 | A report by Vaighai Agro, Lentus Foods & Agro Ltd, Matna Foods Ltd., Psaltry International Limited, KengSeng group of company and others

Cassava starch also known as tapioca starch is produced from the roots of cassava, as it is one of the major components present in cassava. Cassava starch finds its application in the production of monosodium glutamate (MSG) as well as a binding agent and sweetener in various food production applications. Due to its nature as a gluten-free product, its starch is used in a number of products as it is majorly used in celiac disease.

Market Analysis:
Global Cassava Starch Market is expected to grow with a conservative CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018, and the historic year of 2017. This rise in market value can be attributed to growth in various end-users due to its enhancement of characteristics in a number of applications.

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Key Competitors:
•Vaighai Agro
•Lentus Foods & Agro Ltd
•Matna Foods Ltd.
•Psaltry International Limited
•KengSeng group of company
•Tapioca Vietnam
•SPAC Starch Products (India) Ltd
•Archer Daniels Midland Company
•Chor. Chaiwat Industry Company Limited
•Thai German Processing Co., Ltd
•T.C.S.Tapioca Starch Industry Co., Ltd.

Key Developments in the Market:
•In July 2018, Archer Daniels Midland Company announced that they had launched a new product range of tapioca starches and tapioca maltodextrin that have been produced in collaboration with Vedan International (Holdings) Limited.
•In April 2018, Chor. Chaiwat Industry Company Limited announced the launch of “Sava flour” in the Thailand region. The flour made up of cassava starch can be used for various cooking purposes, and is very suitable for population suffering from celiac disease or for people who require a gluten-free diet.

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Market Drivers & Restraint:
•Increasing demand as a binding agent in food & beverages applications is expected to result in growth of the mrket
•Modernization in technology and advancements has resulted in innovative product launches and a variety of product applications; this is expected to act as a factor for the growth of the market
•Side effects associated in some circumstances; if it is consumed improperly this factor is expected to act as a restraint to the market growth

Segmentation:
By Starch
•Unmodified/Native Starch
•Modified Starch
•Sweeteners

By Grade
•Industrial Grade
•Food Grade
•Feed Grade
•By Nature
•Organic Cassava Starch
•Conventional Cassava Starch

By End-User
•Animal Feed
•Food
•Textile
•Cosmetic
•Paper
•Others

By Geography
•North America
•South America
•Europe
•Asia-Pacific
•Middle East and Africa

Competitive Analysis:
Global cassava starch market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cassava starch market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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This release was published on openPR.