Global Cassava Starch Market Key Insights:
- Starch Feedstock Types: Corn, Wheat, Cassava, Potato others
- Market Performance & Price Trends 2018
- Market Analysis & Outlook 2019-2024
- Demand by Application & Region
- Capacity Addition & Plant Turnarounds
The global cassava starch market stood at 6.8 million metric tons in 2018. The market is expected to witness a moderate growth in the forecast period of 2019-2024. The cassava starch market is driven by a growing demand for industrial use.
Cassava, grown in almost 90 countries, is a leading source of starch after corn and wheat and represented 8% of the starch produced globally. Currently, cassava starch is largely produced in the Asia Pacific region, accounting for about three-fourths of the market share in the global market.
Properties and Applications
Cassava starch, also known as tapioca, is the starch derived from the roots of the cassava plant. It is largely manufactured by the wet milling process of fresh cassava roots, due to the low proteins and lipids content in the plant root. Cassava starch is also derived from dry cassava chips in Asian countries like Thailand.
Cassava starch, which is similar in properties to other starches, is preferred over the others due to its cost-effective and simple manufacturing process, which can take place in a small-scale. Due to its several favourable properties like high purity, clarity, viscosity, neutral taste, excellent thickening property, and superior freeze-thaw stability, it finds application across various industrial sectors like:
- Food Industries
- Paper Industries
- Modified Starch
- Sago Pearl
Sweeteners are the largest application sector for cassava starch. In the food segment, it is used in soft drinks, bakery and pastry products, noodles, soups, ice creams, and yoghurts, among others. Cassava starch is also increasingly finding its application in non-food industries like paper, adhesive, leather, cardboard, pharmaceutical and other industrial sectors.
The EMR report looks into the market in the North America, Europe, LATAM, Asia Pacific, and Middle East and Africa regions.
Cassava starch finds almost one-third of its global application in the sweeteners industry. The artificial sweeteners market is seeing a healthy growth over the last few years due to the increasing number of diabetes occurrences leading to a greater concern about health among the consumers. Thus, the growth of the artificial sweeteners market is providing an impetus to the cassava starch market growth.
The Asia Pacific is a leading producer in the market. Africa and Latin America are the other major producers. Growing urbanisation along with mounting household incomes and rising working population in emerging countries India and China are aiding the global cassava starch market.
The report analyses the following key players in the global market, looking into their capacity, market share, and latest developments like mergers and acquisitions, expansions of capacity, and plant turnarounds:
- 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
- Ingredion Incorporated
EMR’s comprehensive report gives an in-depth insight into the cassava starch market, providing a SWOT analysis of the market as well as analysing Porter’s five forces.