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Global Cassava Starch Market to Reach US$ 8.1 Billion by 2026, Propelled by Expansion of the Food and Beverage Sectors

01-03-2022 07:53 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Renub Research

/ PR Agency: Renub Research
Cassava Starch Market, Consumption & Global Forecast by Type, Region, Applications, Company Analysis

Cassava Starch Market, Consumption & Global Forecast by Type, Region, Applications, Company Analysis

According to the latest report by Renub Research, titled “Cassava Starch Market, Consumption & Global Forecast by Type, Region, Applications, Company Analysis” the Global Cassava Starch Market size reached US$ 7.7 Billion in 2020. Traditionally starch around the globe is made from arrowroot or sago palm. However, cassava is a cheaper raw material and has tended to replace these starches. The cassava plant is found in equatorial regions between the Tropic of Cancer and the Tropic of Capricorn. The starch procured from the roots of the cassava plant is termed cassava starch. Moreover, cassava starch, or tapioca, is procured through the washing and pulping of roots of cassava plants.

The global industrial application of cassava starch has a tremendous diversity of its uses of cassava starch. As an ingredient in several industries, native and modified cassava starch has been widely utilized. Indeed, cassava starch consumption in industrial applications has been more related to economics than any unique functionality. In general, confectionery & drinks and processed food use cassava starch as a thickener and stabilizer. Similarly, Corrugating and Paper Making are significant users of starch.

Food Industries Holds Lion's Share in The Market:

The food industries are amongst the most significant users of starch and starch products. Additionally, large quantities of starch are sold in processed products sold in small packages for household cooking. Bakery, cassava starch is used in biscuit making to increase volume and crispness. In addition, cassava starch is used in sweetened and unsweetened biscuits and cream sandwiches to soften the texture. Add taste and render the biscuit non-stick. Apart from cassava being utilized in the food industry, it is also applied in feeding animals, confectionery & drinks, corrugating & paper making, non-food and pharmaceuticals & chemicals.

Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=cassava-starch-market-p.php

Application of Cassava Starch in Confectioneries:

Principally, cassava starch is used in the production of gums. Pastes and other types of sweets are constituents in making moulds or for dusting sweets to prevent them from sticking together. In addition, starch and modified starches are also used to manufacture numerous candies, such as toffee, hard and soft gums, jellybeans, boiled sweets (hard candy), fondants and Turkish delight.

Application of Cassava Starch in Animal Feed:

Cassava being similar to feed grains consists substantially wholly of starch and is easy to ingest. The roots are, hence, eminently suited to fostering young animals and fattening pigs. Several feeding demonstrations have revealed that cassava provides a good quality carbohydrate that may supersede maize or barley. In addition, cassava rations are especially suitable for swine, dairy cattle and poultry. Notwithstanding, cassava cannot be used as the sole feedstuff because of its deficiency in protein and vitamins. However, it must be supplemented by other feeds that are rich in these elements.

In the global economy, the highly developed compound animal-feed industry uses dried cassava roots as an ingredient. Large quantities of cassava chips, pellets and meals are imported into these countries for this purpose. Notwithstanding, in Brazil and many parts of southeast Asia, large amounts of cassava roots, stems and leaves are chopped and mixed into silage to feed cattle and pigs. This use of cassava is increasing.

Application of Cassava Starch in Corrugating and Paper Manufacture:

One of the evolving users of cassava is the corrugated cardboard industry for the manufacture of cartons: boxes and other packing materials. The board layers are glued mutually with a suspension of raw starch in a solvent of the gelatinized form. The board is clasped between hot rollers, which concerns a gelatinization of the natural starch and results in a robust bonding. Medium-quality flours are fit for this tenacity, provided the pulp content is not too high.

Regional Prospects for Cassava Starch Utilisation:

As per our analysis world, cassava consumption is predominantly concentrated in two regions, namely America and the Asia Pacific. America is the region with immense potential for cassava starch and witnessed the fastest growth rate worldwide. The accelerated expansion of the food and beverage sectors is a notable pillar that drives the cassava starch market across the region. The American region has the largest gluten intolerance population, which directly helps grow the market as cassava is gluten-free. The manufacturers involved in the market are profoundly employing such opportunities by launching unique and innovative cassava starch based-food and beverages in realms such as the U.S., Canada, and Mexico to satisfy the demand from the obese residents across the region.

In Asia-Pacific, cassava is utilized for direct human consumption and most is processed for chips/pellets and starch. Most of the utmost starch products are intended for the food processing, soft drinks and pharmaceutical industries. Notably, the cassava starch industry is most important and dynamic in Thailand, Indonesia, China, India and Vietnam. Indonesia has long traditions, producing cassava chips (gaplek) for human consumption, exporting for feed, and further processing into starch. Another traditional cassava (sago) starch producer in Asia- Pacific is India, principally for the national market. Relative new entrants to the Asian cassava starch industry are Vietnam and China.

The Structure of Cassava Starch Industry is Highly Fragmented and Consolidated:

The evolution of several domestic and local players in the global market is highly consolidated and fragmented. The cassava starch companies are capitalizing on strengthening the distribution network, realizing cost reduction techniques, and setting various cassava starch products in the global marketplace. Private label and region-dominant players such as Cargill, Midland Company, Archer Daniels & Tate & Lyle have set new criteria for innovation and development of functional cassava starch with new formulations. They are further encouraging natural ingredient giants to scale up their product launches and expand their product portfolios in the foreseeable future.

The unforeseen disruption of the COVID-19 pandemic led to strict lockdown laws across several nations following the temporary closure of numerous end-use industries of cassava starch, thereby negatively impacting the overall market growth. Nevertheless, the constant development of new products has facilitated the starch industry's expansion and pandemic recovery. The booming of the starch industry in the doom appears to be very assuring, rendering the variety of products and the advancement of new products authorize them to compete with the various substitutes.

Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/cassava-starch-market-p.php

Market Summary:

Cassava Starch Market & Consumption - We have covered the market from two vital points Products and Regions.

By Products - We have studied the market through Native Starch, Modified Starch and Sweetenersexisting as products in Global Cassava Starch Market.

By Region - We have covered the Global Cassava Starch Market of Asia Pacific, Americas, Rest of World.

By Application - This report studies the application of cassava starch in Processed Food, Confectionery & Drinks, Corrugating & Paper Making, Feed, Pharmaceuticals & Chemicals, Non-food.

Company - We have studied the company by Company Overview, Recent Development and Revenue of following companies Cargill, Midland Company, Archer Daniels & Tate & Lyle.

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About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

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The global cassava starch market is driven by the increasing food industries are amongst the most significant users of starch and starch products.

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