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Global Cassava Starch Market Reached 6.8 Million Metric Tons in 2020.

According to a new report by EMR titled, ‘Global Cassava Starch Market Report and Forecast 2021-2026’, the global cassava starch market reached 6.8 million metric tons in 2020. It is further projected to see a modest growth between 2021-2026.

Starch is an essential carbohydrate for the human diet and is derived from agricultural raw materials like potatoes, wheat, maize, and others. It was first extracted by the Egyptians around 4000-3500 B.C. from wheat to be utilised as food and as binding fibres for the making of papyrus paper. Starches still find extensive application in both food and non-food application sectors. Cassava starch or tapioca is extracted from the cassava plant root. While they have similar properties to other starches, they are being preferred over other starches due to their simple and cost-effective small-scale manufacturing process.

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Cassava starch finds its leading application in sweeteners due to the growing health consciousness among the consumers. They are widely used as alternatives to sucrose in soft drinks, noodles, ice creams, and bakery and pastry products, among others. In confectioneries, they act as thickening, gelling, adhesive, glazing, and texture stabilizing agents, among other similar applications. Cassava starch controls the moisture, texture, consistency and shelf stability in both food and pharmaceuticals. It is also popular as a filler in the manufacturing process of animal feeds.

Cassava Starch also finds its application in non-food sectors like textile, paper, adhesives, pharmaceuticals, and others. It is favoured in these sectors due to their diverse beneficial qualities like clarity, high purity, neutrality of taste, superior thickening properties, excellent freeze-thaw stability, and viscosity. The high viscosity of cassava starch imbibes it with excellent binding properties, making it ideal for use in the adhesive industry. Cassava starch also finds its application in the textile industry as sizing and finishing agents as well as providing sharpness and durability to the colours of the fabric.

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Market Analysis by End-Use, Feedstock Types, and Regions:

  • Starches find their major end-use applications in sectors like sweeteners, fuel ethanol, paper making, and food. 
  • Cassava starch usually finds its end-use in sectors like sweeteners, Msg/lysine, food industries, paper industries, modified starch, sago pearl and textile.
  • Corn, cassava, wheat, and potato, among others are the starch feedstocks analysed by the report.
  • Region-wise, the global starch as well as cassava starch market can be divided into North America, Europe, Asia Pacific,Latin America and Middle East and Africa regions.

Key Findings of the Report:

  • Cassava starch accounted for 8% of the global production of starch globally, with its feedstock, cassava, being grown in nearly 90 countries.
  • Sweeteners is the leading application sector for cassava starch, accounting for nearly one-third of its global application.
  • Growing cases of diabetes will aid the growth of the artificial sweeteners market, which in turn will provide a push to the global cassava starch market.
  • Asia Pacific accounts for almost 75% of the cassava starch market as a leading producer of cassava. 
  • The global cassava starch market is being driven by the growing working population and household incomes along with the increasing urbanization in India and China.

Key Offerings of the Report:

  • The EMR report provides the global production of starch by its feedstock.
  • The report offers the historical (2016-2020) & Forecast (2021-2026) consumption and production of starch, cassava starch and cassava.
  • It analyses the trade data for cassava and cassava starch, looking into the value and volume of the major exporting and importing countries.
  • It gives a detailed region-wise historical ((2016-2020) & Forecast (2021-2026) price trends for cassava and cassava starch.
  • The EMR report also provides the demand for cassava by its types and applications.

TCS Tapioca Starch Industry Co. Ltd, Sunrise International, Inc, Sanguan Wongse Industries Co., Ltd, Thai Wah Public Co., Ltd., Archer-Daniels-Midland Company, Tereos S.A., Cargill Incorporated, and Ingredion Incorporated, among others are the major players in the global cassava starch market analysed by EMR. The report by EMR gives an in-depth insight into the latest developments amongst these key players, specifically looking into the expansions of capacity, plant turnarounds, and mergers and expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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