Press release
Nigeria Cassava Starch Market - Industry Trends and Forecast
All statistical and numerical data included in the persuasive Nigeria Cassava Starch report is characterized with the help of graphs and charts which make it easy to understand the facts and figures. This global market research report provides with an array of insights about Food & Beverage industry and business solutions that will support to stay ahead of the competition. Businesses can successfully make use of the data, statistics, research, and insights about the Food & Beverage industry included in this market research report to make decisions about business strategies and to achieve maximum return on investment (ROI). Businesses can rely upon top-quality Nigeria Cassava Starch market report to accomplish an utter success.A wide-ranging data and information incorporated in Nigeria Cassava Starch report can be used by Food & Beverage industry to get acquainted with the current and upcoming opportunities and shed light on the future investment in the market. The study conducted in this market report takes into consideration heterogeneous markets in accord with the requirement of Food & Beverage industry. The data in this business report have been represented in the graphical format for an explicit understanding of facts and figures. It includes historic data, present and future market trends, environment, technological innovation, upcoming technologies and the technical progress in the allied industry.
Cassava was previously primarily used in food applications, but due to its ease of availability, it is now also being used in non-food applications such as the production of pharmaceuticals, adhesives, and papers.
Data Bridge Market Research analyses that the cassava starch market which was valued at USD 118.81 million in 2021 and is expected to reach the value of USD 198.11 million by 2029, at a CAGR of 6.6% during the forecast period of 2022 to 2029.
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Driver:
Abundance of cassava starch in Nigerian market
Nigeria is becoming a rich source of cassava starch raw material due to increased cassava production and restrictions on cassava starch import. The increased availability of cassava at lower prices is increasing consumption in the Nigerian market as well as export to other countries, which is driving overall market growth.
Rapid expansion of market due its demand from various applications
Rising technological advancement and modernisation in Nigeria has resulted in advanced product innovations and diversification in various applications which directly impacts the market growth. Growing demand for confectionaries and ready to eat items among customer ads to the market growth as cassava starch is a major ingredient used in number of food products. Growing demand from pharmaceutical as well as adhesive paper industry has resulted in market expansion. Rising cases of diabetes in the region has shifted the consumer preference for artificial sweetener which in turns led to the market growth.
Some key players mentioned in the report are:
Tate & Lyle (U.K.), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), AGRANA Beteiligungs-AG (Austria), Devex (U.S), Visco Starch (India), Vaighai Agro (India), International. (India), Psaltry International Limited (Nigeria), Ekta International (India), Chorchaiwat Industry CO.,LTD (Thailand), Lentus Foods & Agro Ltd (Nigeria), Matna Foods Ltd. (Nigeria), KengSeng group of company (Thailand), Tapioca Vietnam (Vietnam), SPAC Starch Products (India), ADM (U.S), Chaiwat Industry Company Limited (Thailand)
Key Insights that Study is going to provide:
· The 360-degree Nigeria Cassava Starch overview based on a global and regional level
· Market Share & Sales Revenue by Key Players & Emerging Regional Players
· A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
· May vary depending upon availability and feasibility of data with respect to Industry targeted
· Patent Analysis** No of patents / Trademark filed in recent years.
· A complete and useful guide for new market aspirants
· Forecast information will drive strategic, innovative and profitable business plans and SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations
· Various Nigeria Cassava Starch industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
Key Market Segmentation:
By Type (Starch Hydrolysate, Native Starch, Modified starch), Form (Dry, Liquid), Grade (Food, Industrial, Feed), Function (Texturizing, Binding/Adhesion, Gelling, Stabilizing, Thickening, Moisture-Retention, Film Forming Agents, Sizing, Coating), Application (Food & Beverages, Industrial)
The countries covered in the Nigeria Cassava Starch Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer Landscape
Geographic Landscape
Key leading countries
Vendor Landscape
Vendor Analysis
Appendix
To Know More About This Premium Research Report, Visit @ https://www.databridgemarketresearch.com/reports/nigeria-cassava-starch-market
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