Posted on 11 Dec 2018

Global Cassava Starch Market to Reach 8 Million Tons by 2024

A popular raw material, cassava currently represents the third largest source of starch (after corn and wheat) and is grown in around 90 countries. Cassava starch can be easily extracted as compared to other starches, by incorporating a simple process which can be performed on a small-scale with limited capital.

Owing to the low levels of proteins and lipids present in cassava roots, cassava starch has a high level of purity. In addition, with varied physical and chemical properties such as high viscosity, high clarity, and high freeze-thaw stability, cassava starch finds numerous applications in various industries such as sweeteners, MSG/lysine, food, paper, modified starch, sago pearl, etc. In the food industry, it is used in the processing of bakery & pastry products, noodles, soups, yogurts, ice creams, soft drinks, etc. Industrial applications of cassava starch have also evolved into a multibillion dollar business. Some of its other uses lie in the processing of paper, cardboard, plywood, leather goods, cement, glue, paste, etc. According to a new report by Expert Market Research, the global cassava starch market reached a volume of 7Million Tons in 2018 and is further expected to reach 7.8 Million Tons by 2024.

                                   global cassava starch market

Key findings from the report:

• The major end-users of cassava starch are sweeteners, MSG/lysine, food, paper, modified starch, sago pearl and others. Sweeteners accounted for the largest share in 2018. The mounting applications of cassava starch in these industries have contributed to the growth of the global cassava starch market. 

• Region-wise, Asia-Pacific dominated the market with Indonesia and Thailand being the largest producers. Asia-Pacific was followed by North America, Middle East and Africa, and South America.

• Some of the key players operating in the global cassava starch market include T.C.S Tapioca Starch Industry Co., Ltd., Eiamheng Tapioca Starch Industry Co., Ltd., SUNRISE International, Inc., PT Budi Starch & Sweetener Tbk and SPAC Tapioca Product Ltd.

• The continuous development of new products has enabled the starch industry to continue its expansion.

Expert Market Research has analysed the global cassava starch market according to end-use, major regions and top players:

Market breakup by End-Use

•    Sweeteners
•    MSG/Lysine
•    Food 
•    Paper 
•    Modified Starch
•    Sago Pearl
•    Others

Market breakup by Region

•    Asia-Pacific
•    North America
•    Middle East and Africa
•    South America

Top players

•    T.C.S Tapioca Starch Industry Co., Ltd.
•    Eiamheng Tapioca Starch Industry Co., Ltd.
•    SUNRISE International, Inc.
•    PT Budi Starch & Sweetener Tbk
•    SPAC Tapioca Product Ltd.

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