Cassava Starch Market: Introduction
The latest market report by PMR on the global cassava starch market evaluates the opportunities and current market scenario and provides insights and updates about the corresponding segments involved in the global cassava starch market during the forecast period 2019-2029. The global cassava starch market report further exhibits the estimated data for 2019, and forecast data up to 2029 in terms of value (US$ millions) and volume (Tons).
In terms of value, the global cassava starch market is expected to grow at ~ 5% CAGR over the forecast period. The present study exhibits the trends and market dynamics of the cassava starch market. It includes North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa. The report also includes the study of the current issues with consumers and various future opportunities for the cassava starch market.
Cassava Starch Market: Report Description
The report explores the global cassava starch market for the period 2019–2029. The primary objective of the global cassava starch market report is to provide insights into the opportunities in the market that are consistently supporting the transformation of global businesses that are associated with cassava starch. It is very important to consider that in an ever-wavering economy, we provide the estimated (Y-o-Y) year-on-year growth rate in addition to the compound annual growth rate (CAGR) for the overall forecast, to better understand the analysis and evaluation of the global cassava starch market, and to discover equitable opportunities.
Yet another key feature of this report is the estimation of the global cassava starch market and the corresponding revenue forecast carried out in terms of absolute dollar opportunity. This is usually not prioritized while forecasting overall market numbers. Absolute dollar opportunity analysis is very essential in evaluating the degree of opportunity that a provider can observe to execute, as well as to contrast the potential resources from a sales perspective in the global cassava starch market.
The global cassava starch market report starts with an elaborate executive summary, the market definition of various segmentations that are included, and their respective shares in the market. The report further incorporates the major macro and micro-economic factors that have an effect on the growth of the cassava starch market. The report also highlights various market dynamics, which include the drivers and restraints in the global cassava starch market. Current opportunities, as well as on-going trends in the cassava starch market are also discussed in this report. The report further underlines the study of the present issues and opportunities for the cassava starch market. It also encompasses a supply chain analysis, which provides a structural view of the overall profitability from the manufacturer to the end user in the cassava starch market. In order to provide users with a clear view of the global cassava starch market, we have exhibited a competitive analysis of key market players and their strategic expansions. The competitive dashboard presents a detailed comparison of cassava starch manufacturers on valuable parameters such as key product offerings, total revenue, key developments, and key strategies. The study offers global cassava starch market attractiveness analysis by product type, nature, end use, and region.
To evaluate the overall market size of cassava starch, the report considers various fundamental aspects based on secondary research. Furthermore, it emphasizes on quantitative evaluation such as market share by product type, nature, end use, and region. Other qualitative data from primary respondents, which has been consolidated to arrive at clear and accurate market estimations is included.
The market size was benchmarked on the basis of data collected through various data sources including analysis on global starch industry, percentage share of cassava starch in overall starch industry, further scrutiny is done for analyzing cassava starch consumption, after analyzing the cassava starch production and cassava starch trade, production capacity. The data is validated based on production capacity of key companies. The data is further scrutinized for understanding key categories of cassava starch products produced. In cases where data is not available, we have interviewed individuals to understand the scenario. This analysis helps us in deriving base year volume data. Key players are identified based on parameters such as production, revenue, business presence, and strategic developments.
Cassava Starch Market: Competition Analysis
Detailed profiles of companies that manufacture cassava starch are included in the report to analyze their developmental strategies, key product offerings, and recent developments. Key companies in the global cassava starch market are -
Cassava Starch Market: Segmentation
The subsequent sections analyze the global cassava starch market on the basis of product type, nature, end use, and region to present a forecast for the period 2019–2029. The market is segmented as follows:
On the basis of product type, the global cassava starch market has been segmented as-
On the basis of nature, the global cassava starch market has been segmented as-
On the basis of end use, the global cassava starch market has been segmented as-
On the basis of region, the global cassava starch market has been segmented as-
PMR Research Methodology
PMR is committed to providing unbiased market research solutions to its clients. PMR follows a robust methodology for deducing the data that is included in this report. A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on the use of standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions, i.e. North America, Latin America, Europe, South Asia, East Asia, Oceania, Latin America, and Middle East & Africa, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include,
Cassava starch is obtained from the cassava root, which contains high amount of nutrients such as carbohydrates, fibers, vitamins, and others. Cassava is actually a root vegetable primarily grown in South America and Africa regions. Cassava starch naturally occurs in the cassava root, and is extracted for use in different industries.
Cassava starch contains antioxidants, has fresh taste and high carbohydrate content, prevents infections, and offers other health beneficial properties. Cassava starch is highly utilized in the food and beverages industry for different purposes. Along with that, it is also used in animal feed, pharmaceuticals, cosmetics and personal care, and other industries.
Cassava starch is predominantly used by food manufacturers to produce a variety of food products including bakery, dairy, meat, cereal & snacks, ready-to-eat meals, functional foods, and others. For instance, cassava starch is among the prime ingredients for making bread and biscuits as well as for increasing the volume and crispness of baking products.
Cassava starch is utilized as a native as well as modified starch. Since the demand for chemical-free food products is growing, growth of native starch products is increasing, which is beneficial for the cassava starch market. The growth of cassava starch market is also owing to its gluten-free properties, as the demand for gluten-free food products is growing.
Growing Textile Industry to Fuel the Growth of the Cassava Starch Market
In the textile industry, starches are used for different operations such as warp sizing, cloth finishing, printing, and for other uses. Cassava starch is one of the major ingredients utilized for the warp sizing application. The textile industry is witnessing significant growth, owing to its offering of customized solutions across the world.
Textile applications including warp sizing and cloth finishing, are required to further provide viable textile solutions to the consumers. Textile manufacturers are also considering the use of an effective starch solution such as cassava starch, in varied textile operations. Furthermore, cassava starch is also utilized for cloth printing and placing a certain design on the smooth surface of fabric. Since the textile industry is continuously achieving growth in the global market, and demanding a viable starch solution, the demand for cassava starch will also increase.
Growth in the Consumption of Functional Foods Escalating the Demand for Cassava Starch
Functional foods contain the perfect nutritional balance of health beneficial properties. Consumers are opting for functional foods in order to maintain a healthy lifestyle. Functional foods are believed to create a positive impact on health and reduce the risk of certain diseases. Cassava starch contains sufficient amount of dietary fiber and also has a low glycemic index.
Large percentage of the population is suffering from health issues such as obesity and high blood sugar, due to which, consumers are adopting functional foods. High consumption of fat and sugar is responsible for obesity and related health problems. As cassava starch contains high fiber content, consumers are preferring it, thus, driving the growth of the cassava starch market.
Utilization of Cassava Starch in Snacks & Cereals Accelerating the Growth of the Cassava Starch Market
Cassava starch is among the vital ingredients used in the food and beverages industry. Bakery, dairy, snacks, and others are prime food products, where cassava starch is utilized. Snack and cereals are one of the major food products consumed. Food manufacturers are utilizing cassava starch for producing snacks and cereal products in order to enhance the quality of food products. Cassava starch is used as a texturizing and water binding agent, and also helps to achieve the desired viscosity in snacks. The high viscosity, binding, and water holding properties of cassava starch make it suitable for use in making different snacks and cereal products. Since the demand for hot extruded snacks, pretzels, fried foods, and ready-to-eat cereals is growing, the cassava starch market will be benefitted from this growth.