Cassava Starch Market Size, Share, Trends, Growth and Forecast 2030

Cassava Starch Industry Prospective:

The global cassava starch market size was worth around USD 4.2 billion in 2022 and is predicted to grow to around USD 6.4 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.5% between 2023 and 2030.

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The report analyzes the global cassava starch market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the cassava starch industry.       

Cassava Starch Market: Overview

Cassava starch, also known as tapioca starch or tapioca flour, is a white, powdery substance extracted from the root of the cassava plant (Manihot esculenta). Cassava is a tropical root crop widely cultivated in many parts of the world, particularly in Africa, Asia, and South America. The starch is obtained by grinding or grating the cassava roots and then separating the starch from the fiber and other components. It is a common ingredient in various food products and is valued for its thickening and binding properties. Cassava starch is gluten-free, making it suitable for individuals with gluten intolerance or celiac disease. It has a neutral taste and odor, which makes it versatile for use in different culinary applications. Starch is often used as a thickener in soups, sauces, and gravies, as well as a binding agent in baked goods, such as bread, cakes, and cookies.

In addition to its culinary uses, cassava starch is also utilized in the manufacturing of various non-food products. It is used in industries such as paper, textiles, pharmaceuticals, adhesives, and cosmetics, where it functions as a stabilizer, binder, or filler. It is an essential source of carbohydrates and provides energy. However, it lacks significant amounts of protein, vitamins, and minerals. Therefore, it is usually combined with other ingredients to create a nutritionally balanced diet. The cassava starch market has experienced significant growth in recent years, driven by various factors such as increasing demand for convenience foods, the growing gluten-free trend, and the expanding industrial applications of cassava starch.

Key Insights

• As per the analysis shared by our research analyst, the global cassava starch market is estimated to grow annually at a CAGR of around 5.5% over the forecast period (2023-2030).
• In terms of revenue, the global cassava starch market size was valued at around USD 4.2 billion in 2022 and is projected to reach USD 6.4 billion, by 2030.
• The increasing trend of gluten-free and clean labels is expected to drive the growth of the global cassava starch market during the forecast period.
• Based on the type, the modified cassava starch segment is expected to grow at the fastest rate over the forecast period.
• Based on the application, the food & beverages segment is expected to dominate the market over the forecast period.
• Based on region, the Asia Pacific is expected to dominate the market over the forecast period.

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Cassava Starch Market: Growth Drivers

The rapid use of cassava starch as a key ingredient in the celiac and diabetic diet drives the market growth

The cassava starch industry is expanding rapidly due to increased product usage as an alternative sweetener for diabetic consumers. Cassava starch has a low glycemic index, reducing a fast surge in blood sugar levels, and is a favored component for diabetics who must closely regulate their blood sugar levels. Furthermore, cassava starch is a gluten-free option for standard wheat-based flour, making it a great component for persons with celiac disease, a digestive ailment characterized by increased gluten sensitivity. As more people become aware of the health advantages of cassava starch, the demand for it as a vital component in celiac disease and diabetic-friendly diets grows, boosting the market. Furthermore, the surge in gluten-free and health-conscious dietary trends has boosted the cassava starch market expansion. This trend is leading to increased product adoption for making a broad variety of culinary products, such as baked goods, sauces, soups, and noodles. Thus, this is expected to drive market growth during the forecast period.

Cassava Starch Market: Restraints

Price volatility act as a major restraint in the growth of the market

Cassava starch production is influenced by the availability and price of cassava roots, which can be affected by factors such as weather conditions, diseases, and market demand. Fluctuations in the price of cassava roots can impact the cost of cassava starch production, making it challenging for manufacturers to maintain consistent pricing and profitability. Price volatility can also lead to uncertainty in the market and affect investment decisions. Thus, the price volatility in the cassava starch market act as a major barrier to the development of the cassava starch market.

Cassava Starch Market: Opportunities

Increasing demand for natural food additives offers a significant opportunity

The growing demand for cassava starch as a versatile food additive component in food and beverage applications is driving the global cassava industry. This is due to expanding demand for processed and convenience foods, as well as rising customer desire for natural and clean label components. Cassava starch, being a natural and less processed ingredient, is viewed as a clean-label choice and is rapidly being utilized to replace synthetic thickeners and stabilizers in a variety of food and beverage applications. Cassava starch is a functional component that thickens, stabilizes, and texturizes a variety of food and beverage goods such as bread, confectionery, sauces, soups, and dairy products. Cassava starch is being utilized as a sustainable alternative to synthetic thickeners and stabilizers in the processed and convenience food industry. Thus, this is expected to provide a lucrative opportunity for market growth over the forecast period.

Cassava Starch Market: Challenges

Infrastructure and supply chain challenges hamper the market growth

The cassava starch market's growth can be hindered by infrastructure and supply chain challenges, particularly in regions with limited agricultural and processing infrastructure. Efficient transportation, storage, and processing facilities are essential for maintaining the quality and availability of cassava roots, which directly impact the production and supply of cassava starch. A lack of infrastructure can result in higher costs and logistical difficulties.

Cassava Starch Market: Segmentation

The global cassava starch industry is segmented based on type, form, nature, application, and region.

Based on the type, the global market is bifurcated into modified and native. The modified cassava starch segment is expected to grow at the fastest rate over the forecast period. Modified cassava starch often exhibits improved stability under various processing conditions, including high temperatures, pH variations, and shear forces. This enhanced stability allows for broader applications in food and non-food industries. Moreover, they have enhanced thickening and gelling properties compared to native cassava starch. It forms more stable gels, which are desirable in food products such as sauces, puddings, and bakery fillings. The increased viscosity and gel strength contribute to improved texture and stability. Furthermore, they can have improved film-forming properties, enabling their use in packaging materials, edible coatings, and films. These films can provide barrier properties, moisture retention, and improved shelf life for various food and non-food applications. Therefore, the numerous properties of cassava starch in food and non-food products are expected to drive segment growth.

Based on the form, the global cassava starch industry is divided into liquid and dry.

Based on nature, the global cassava starch market is bifurcated into conventional and organic.

Based on the application, the global cassava starch industry is segmented into food & beverages, pharmaceuticals, animal feed, cosmetics, and others. The food & beverages segment is expected to dominate the market over the forecast period. In the food & beverages industry, cassava starch is utilized in various products including bakery, snacks & confectionary, frozen foods, and others. In bakery products, it is used in bread, cakes, cookies, pastries, and muffins. It serves as a thickening agent, improves texture, enhances moisture retention, and contributes to the softness and shelf life of baked goods. They are also utilized in gluten-free baking, offering an alternative to wheat flour for individuals with gluten intolerance. Moreover, in snacks and confectionary, cassava starch is utilized for its texturizing and binding properties. It is used in the production of snacks like chips, extruded snacks, and puffed snacks to provide crispiness and structure. In confectionery products, cassava starch is employed as a bulking agent, binder, and to control moisture. Thus, the growing utilization of cassava starch in various food & beverage products is expected to fuel the segment growth during the forecast period.

Cassava Starch Market: Report Scope

Cassava Starch Market: Regional Analysis

The Asia Pacific is expected to dominate the market during the forecast period

The Asia Pacific is expected to dominate the global cassava starch market over the forecast period. The region is the largest producer of cassava starch globally, with countries like Thailand, Indonesia, Vietnam, and China being major contributors. Thailand is the largest exporter of cassava starch, supplying both regional and international markets. The region's favorable climate and abundant availability of cassava make it a prime location for cassava cultivation and processing. For instance, according to secondary analysis, Thailand and Vietnam dominated tapioca exports, accounting for 94% of total export volume. Tapioca worth USD 2.2 billion was shipped in 2020, with Thailand accounting for 53% of the total. Thus, the aforementioned facts support the market expansion in the region.

North America is expected to hold a significant market share during the forecast period owing to the increasing demand from the food & beverages industry. The food and beverage industry in North America utilizes cassava starch in various applications. It is used as a thickening and stabilizing agent in bakery products, sauces, soups, snacks, and confectionery. Cassava starch's gluten-free nature makes it particularly appealing for the development of gluten-free food products, catering to the dietary preferences and requirements of consumers. Thus, this is expected to drive the market growth in the region.

Cassava Starch Market: Competitive Analysis

The global cassava starch market is dominated by players like:

• ADM
• Tate & Lyle
• CargillIncorporated
• Ingredion
• AGRANA Beteiligungs-AG
• Visco Starch
• Global Sweeteners Holdings Ltd
• Psaltry International Company Limited
• Ekta International
• Chorchaiwat Industry Co. Ltd.
• Matna Foods Ltd.
• KengSeng group of company
• SPAC Starch Products (India) Ltd
• Viet Delta

The global cassava starch market is segmented as follows:

By Type

• Modified
• Native

By Form

• Liquid
• Dry

By Nature

• Conventional
• Organic

By Application

• Food & Beverages
• Pharmaceuticals
• Animal Feed
• Cosmetics
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa