Cassava Starch Market Expected to Reach US$ 7.9 Billion by 2032 - Persistence Market Research

The global cassava starch market is witnessing remarkable growth and is poised to continue this upward trajectory in the coming years. Cassava, a starchy root crop grown primarily in tropical regions, is gaining recognition for its wide range of applications across various industries, including food and beverages, textiles, pharmaceuticals, and more. The market for cassava starch is anticipated to reach a value of US$ 5.2 billion by 2025, with an impressive projected compound annual growth rate (CAGR) of 5.9%, reaching US$ 7.9 billion by 2032. This growth is largely attributed to the increasing demand for clean-label, allergen-free, and natural products, along with technological advancements in cassava processing that are making it more efficient and cost-effective.

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Overview of the Cassava Starch Market

The cassava starch market has experienced significant expansion over the past few years. The food and beverage industry remains the dominant segment, accounting for 55% of the market's revenue. This growth is primarily due to the rising consumer preference for gluten-free, allergen-free, and clean-label foods. With increasing urbanization and evolving lifestyles, the demand for processed and convenient food products is expanding, further fueling the market for cassava starch. Additionally, innovations in cassava starch processing technologies are making it more affordable, thus broadening its range of applications.

The market is experiencing a shift in focus toward sustainability and the use of eco-friendly materials. This trend is leading to increased interest in cassava starch's potential use in bioplastics and other bio-based products. Asia Pacific, particularly countries like Thailand, Vietnam, and Indonesia, dominates the global cassava starch market. This region not only produces a significant portion of the world's cassava starch but also exports it to global markets, particularly in North America and Europe, where there is a growing demand for high-quality cassava starch for various applications.

Key Highlights from the Report

➤ The global cassava starch market is projected to grow from US$ 5.2 billion in 2025 to US$ 7.9 billion by 2032.
➤ The food and beverage industry is the largest revenue-generating sector, accounting for 55% of the market's value.
➤ Modified cassava starch is expected to witness significant growth due to its versatile applications in industrial sectors like paper, textiles, and adhesives.
➤ The bioplastics segment is predicted to present lucrative growth opportunities as eco-friendly raw material demand rises.
➤ The native cassava starch segment will maintain a dominant market share of 63% in 2024.
➤ The Asia Pacific region holds a commanding share of 58.1% of the global cassava starch market in 2024, driven by major cassava-producing countries.

Market Segmentation

The cassava starch market is segmented based on several factors such as product type, nature, and application. These divisions help understand the specific areas that are driving growth and provide insight into how different sectors are adopting cassava starch.

By Type

Cassava starch is categorized into native and modified types. The native cassava starch segment leads the market, holding a 63% share in 2024. This is primarily because of its natural properties, which make it suitable for a wide range of applications, particularly in the food and beverage industry. Native cassava starch is favored for its versatility, neutrality in flavor, and clean-label appeal. In contrast, modified cassava starch is gaining popularity due to its enhanced functional properties, such as improved viscosity and thermal stability. This makes modified cassava starch suitable for use in industrial applications like textiles, paper, and adhesives.

By Application

The application of cassava starch spans a broad array of industries. The food and beverage industry leads the market, with applications in bakery products, snacks, and processed foods. As the demand for healthy and convenient food options increases, cassava starch plays a crucial role in improving the texture, shelf stability, and nutritional content of these products. The paper, textile, and adhesives sectors follow closely behind in terms of market share. The demand for sustainable and eco-friendly alternatives to traditional materials is boosting cassava starch's use in these industries.

Regional Insights

Asia Pacific

Asia Pacific is the dominant region in the cassava starch market, holding a market share of 58.1% in 2024. Countries like Thailand, Vietnam, and Indonesia are major cassava producers, which significantly contributes to the region's strong position in the global market. The food and beverage sector in Asia Pacific is seeing increased demand for cassava starch, particularly in noodles, snacks, and processed foods. Additionally, the region is a key exporter of cassava starch to North America and Europe, where the demand for clean-label and gluten-free products is growing.

North America and Europe

While Asia Pacific leads the market, regions like North America and Europe are expected to witness steady growth. The demand for cassava starch in these regions is being driven by the rising popularity of plant-based and gluten-free products. In particular, the demand for cassava starch in the food and beverage sector is expected to grow due to its use in a variety of health-conscious and allergen-free products. Moreover, with growing awareness about sustainability, European and North American companies are increasingly turning to cassava starch as an eco-friendly raw material for bioplastics and other bio-based products.

Market Drivers

The growth of the cassava starch market can be attributed to several key drivers. One of the most significant factors is the increasing consumer preference for gluten-free, allergen-free, and natural products. As health awareness rises, more consumers are opting for functional foods, including those that incorporate cassava starch due to its health benefits, such as its fiber content and low glycemic index. The use of cassava starch in processed foods, beverages, and snacks is expanding, driven by its excellent textural properties and ability to improve product shelf stability.

In addition, the growing demand for eco-friendly products is fostering the adoption of cassava starch in industries such as bioplastics and adhesives. The rising emphasis on sustainability is pushing companies to seek renewable and biodegradable alternatives to traditional materials, further boosting the demand for cassava starch.

Market Restraints

Despite the promising outlook, the cassava starch market faces challenges, particularly from competition with other starches like corn, potato, and wheat starch. Corn starch dominates the global market due to its cost-effectiveness and high yield, which makes it a more affordable option in many industries. Potato starch, known for its superior thickening properties, is also preferred in certain applications, such as in the production of paper and textiles. The high cost and lower yield of cassava compared to these alternatives can limit its growth in some regions.

Market Opportunities

Cassava starch has numerous opportunities for growth, particularly in the food and beverage sector, where demand for gluten-free and health-conscious products is increasing. Additionally, the rising popularity of snacks, cereals, and ready-to-eat meals is expected to drive further demand for cassava starch, thanks to its role as a texturizing and water-binding agent. Another exciting opportunity lies in the use of cassava starch in bioplastics and other sustainable materials, which is gaining traction in response to growing concerns over plastic waste and environmental sustainability.

Frequently Asked Questions (FAQs)

➤ How Big is the Cassava Starch Market?
➤ Who are the Key Players in the Global Cassava Starch Market?
➤ What is the Projected Growth Rate of the Cassava Starch Market?
➤ What is the Market Forecast for the Cassava Starch Market for 2032?
➤ Which Region is Estimated to Dominate the Cassava Starch Industry through the Forecast Period?

Company Insights

Several key players are leading the way in the cassava starch market. These companies are focusing on diversifying their product portfolios and improving production efficiencies.

✦ Tate & Lyle
✦ Ingredion
✦ Cargill, Incorporated.
✦ AGRANA Starch
✦ Psaltry International Limited
✦ Visco Starch

Recent Developments

■ In July 2024, Ecostarch established a facility to produce bioplastic bags made from cassava, supporting sustainability efforts.
■ In June 2023, Lemonilo introduced Cassamo, a healthy cassava-based chip product in Indonesia, capitalizing on the growing demand for nutritious snacks.

Conclusion

The cassava starch market is poised for significant growth driven by consumer demand for natural, sustainable, and health-conscious products. With its wide range of applications in food, beverages, textiles, and bioplastics, cassava starch presents a wealth of opportunities. However, competition from other starches and challenges related to production costs remain key factors to watch as the market continues to evolve. By leveraging advancements in processing technologies and capitalizing on sustainability trends, cassava starch is expected to carve a substantial niche in various industries, positioning itself as a leading ingredient for the future.

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