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Cassava Starch Market Report 2024: Industry Analysis and Forecast to 2033

Cassava Starch Global Market Report 2024

Cassava Starch Global Market Report 2024

The Business Research Company recently released a comprehensive report on the Global Cassava Starch Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The cassava starch market size has grown strongly in recent years. It will grow from $4.47 billion in 2023 to $4.74 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to rise in demand for convenience foods, driven by urbanization and busy lifestyles, increasing consumption of gluten-free products, rising consumption of functional foods, and increasing product usage as an alternative sweeteners.

The cassava starch market size is expected to see strong growth in the next few years. It will grow to $6.06 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to growing food processing sector, rise in gluten intolerance and celiac disease awareness, growing consumption of processed foods, growing consumer preference for natural, and growing aware of the health benefits. Major trends in the forecast period include innovations in processing techniques and the development of cassava starch-based biodegradable, thickening, and stabilizing properties make it a vital ingredient, expansion of food processing industry, demand for natural food additives, and improved extraction methods.

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Market Drivers and Trends:

The growing consumption of processed foods is expected to propel the growth of the cassava starch market going forward. Processed foods refer to any food that has been altered in some way during preparation, including those that are cut, washed, heated, pasteurized, canned, cooked, frozen, dried, dehydrated, mixed, or packaged. The growing consumption of processed foods is due to the increasing availability, marketing, convenience, and unfavorable nutritional profile of ultra-processed foods, coupled with insufficient regulatory action. Cassava starch plays a crucial role in the processed food industry by enhancing texture, stability, and shelf life, providing a cost-effective and versatile ingredient that meets the demands of modern food processing and consumer preferences. For instance, in 2023, according to the United States Department of Agriculture, a US-based federal agency, the total value of US processed food products exported from the country increased to $36.59 billion in 2023, an increase of 1.7% compared to previous years. Therefore, the growing consumption of processed foods drives the cassava starch market.

Major companies operating in the cassava starch market are developing innovative products, such as gluten-free products, to meet the rising consumer demand for allergen-friendly and healthier food options. Gluten-free cassava chips are a type of snack food made from thinly sliced cassava root that is deep-fried and seasoned. These chips are gluten-free, meaning they do not contain the protein gluten commonly found in wheat, barley, and rye. For instance, in June 2023, Lemonilo, an Indonesian-based prominent health food brand, launched Cassamo, a high-fiber and gluten-free cassava chip. These chips are available in two flavors, Smoky BBQ and Spicy BBQ, and are rich in fiber and free from preservatives and flavor enhancers. This nutritious snack option provides a healthier alternative to traditional potato chips, catering to the dietary preferences of health-conscious consumers.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

Cargill Incorporated., The Archer-Daniels-Midland Company (ADM), Ingredion Inc., Roquette Frères, AGRANA Beteiligungs-AG, PT Buda Starch & Sweetener TbK, Tate & Lyle PLC, KengSeng Group Of Company, Ekta International, Global Sweeteners Holdings Ltd, SPAC Starch Products, Vaighai Agro Products Limited, Universal Starch Chem Allied Ltd., Psaltry International Company Limited, Sunrise International Inc., Visco Starch, Visco Starch, Matna Foods Ltd., Viet Delta Industrial Corporation, Eiamheng Tapioca Starch Industry Co. Ltd.

Cassava Starch Market 2024 Key Insights:

• The cassava starch market size is expected to see strong growth in the next few years. It will grow to $6.06 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.
• Impact Of Growing Consumption Of Processed Foods On The Cassava Starch Market
• Lemonilo Introduces Cassamo A High-Fiber, Gluten-Free Cassava Chips To Capture Health-Conscious Market
• Asia-Pacific was the largest region in the Cassava Starch market in 2023

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The Business Research Company
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Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

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Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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