Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.2 Billion | USD 5.5 Billion | 9.85% | 2022 |
FrequentlyAsked Questions
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 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.
According to the report, 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.
The global cassava starch market is expected to grow at a CAGR of 5.5% during the forecast period.
The global cassava starch market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the growing consumption of cassava starch in numerous applications including nutritional drinks, functional food and others.
The global cassava starch market is dominated by players like ADM, Tate & Lyle, Cargill, Incorporated, 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 and Viet Delta, among others.
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