Press release
Global Cassava Starch Market Size, Share, Price, Trends, Growth, Analysis, Report, Forecast 2024-2032
Cassava starch, derived from the root tubers of the cassava plant, is predominantly acknowledged for its culinary versatility. It acts as a crucial element in many food products, contributing to texture, consistency, and as a binding agent. Beyond its culinary contributions, cassava starch is appreciated for being gluten-free, a trait that has gained significant importance in the contemporary food landscape due to the increasing number of individuals with gluten intolerances and sensitivities.
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The global trend toward health consciousness is fuelling the cassava starch market growth. With a rising number of consumers leaning towards gluten-free diets, either due to medical conditions like celiac disease or personal choices, there has been an exponential growth in the demand for cassava starch. This shift is bolstered by the increasing awareness of the health benefits associated with gluten-free consumption, leading to cassava starch's growing incorporation in various culinary delicacies.
Furthermore, the utility of cassava starch transcends the confines of the culinary world. Its unique physical and chemical properties make it a sought-after ingredient in numerous industrial applications. In the pharmaceutical sector, cassava starch serves as a binder and disintegrant in tablet formulation. The textile industry values cassava starch for its role in sizing, wherein it imparts strength to yarn during weaving. Additionally, its thickening properties are harnessed in various cosmetic and personal care products, offering consistency and stability.
Another dimension catalysing the cassava starch market demand is the sustainable aspect of cassava cultivation. As environmental concerns take centre stage globally, the fact that cassava cultivation requires less water and can thrive in less fertile soils makes it an eco-friendly crop, thereby encouraging its farming and consequent starch production.
The global cassava starch market stands at an inflection point of significant growth. A combination of factors, from dietary preferences, industrial applications, to environmental considerations, is navigating its growth trajectory. As the world moves towards sustainable agriculture and values the importance of dietary inclusivity, cassava starch emerges as a pivotal player, positively impacting the cassava starch market outlook in the forthcoming years.
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Market Segmentation
The market can be divided based on end use and region.
Market Breakup by End Use
Sweeteners
Msg/Lysine
Food Industries
Paper Industries
Modified Starch
Sago Pearl
Textile
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global cassava starch market. Some of the major players explored in the report by Expert Market Research are as follows:
TCS Tapioca Starch Industry Co. Ltd
Sunrise International, Inc
Sanguan Wongse Industries Co., Ltd
Archer-Daniels-Midland Company
Others
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