Summary

The global cassava starch market size reached US$ 5.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032. The rapid utilization of cassava starch as an essential ingredient for celiac disease and diabetic diet, increasing demand for natural food additives from the food and beverage industry, and the growing popularity of veganism and vegetarianism among the masses represent some of the key factors driving the market.

The Rapid Utilization of Cassava Starch as An Essential Ingredient for Celiac Disease and Diabetic Diet Is Augmenting the Market Growth

The market for cassava starch is experiencing significant growth due to the increasing product usage as an alternative sweetener for consumers with diabetes. Cassava starch has a low glycemic index, thereby preventing a sudden spike in blood sugar levels and is a preferred ingredient for people with diabetes, who need to monitor their blood sugar levels carefully. In addition to this, cassava starch is an effective gluten-free substitute to traditional wheat-based flours, which makes it an ideal ingredient for people who suffer from celiac disease, a digestive disorder caused by heightened gluten sensitivity. With more consumers growing aware of the health benefits of cassava starch, the demand for it as an essential ingredient for celiac disease and diabetic-friendly diet, thereby driving the market. Additionally, the rise in gluten-free and health-conscious food trends has further accelerated the market growth for cassava starch. This trend is resulting in a higher product uptake for preparing a wide range of food products, including baked goods, sauces, soups, and noodles.

The Increasing Demand for Natural Food Additives From The Food and Beverage Industry Is Stimulating Market Growth

The global cassava market is driven by the increasing demand for cassava starch as a versatile food additive ingredient in food and beverage applications. This can be attributed to the rising demand for processed and convenience foods, coupled with the growing consumer preference for natural and clean label ingredients. Cassava starch, being a natural and minimally processed ingredient, is perceived as a clean label option and is increasingly being used as a substitute for synthetic thickeners and stabilizers in various food and beverage applications. Cassava starch serves as a functional ingredient, providing thickening, stabilizing, and texturizing properties in various food and beverage products, including bakery, confectionery, sauces, soups, and dairy products. This trend is particularly evident in the processed and convenience food segment, where cassava starch is being used as a sustainable alternative for synthetic thickeners and stabilizers.

Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is fragmented in nature due to the presence of large number of manufacturers. The volume of new entrants is low in the cassava starch industry due to its high capital costs and economies of scale.

What is Cassava Starch?

Cassava starch is a starch derived from the cassava root, an edible tuber crop native to South America that is widely cultivated around the world in tropical and subtropical regions. Starch content in cassava starch is typically more than 80%, which makes it a highly concentrated source of starch and it is generally used as a food ingredient or additive. Cassava starch is characterized by a fine texture, neutral flavor and odor, excellent thickening and gelling properties, high viscosity, and gluten-free properties. The thickening properties of cassava starch are retained even at high temperatures and under acidic conditions, making it ideal for use in a variety of food processing applications. Cassava starch stabilizes food products, which helps prevent phase separation, syneresis, and other undesirable changes to texture and consistency. In addition to providing barrier properties, cassava starch can improve the shelf life of food products by forming edible coatings and films.

Cassava Starch Market Trends:
The growing popularity of ethnic cuisines using cassava as a staple food and essential ingredient, is driving the demand for cassava starch as a key ingredient. In line with this, continual technological advancements in cassava starch processing, including improved extraction methods, refining techniques, and modified starch production is providing an impetus to the market. Moreover, the rising international trade and globalization of cassava cultivation is resulting in the implementation of favorable government policies supporting cassava production, processing, and export, which in turn is propelling the market. In addition to this, the augmenting demand for gluten-free, vegan, and plant-based dietary patterns is resulting in a higher uptake of cassava starch as an alternative ingredient in diverse food applications, thereby creating a positive market outlook. Furthermore, the easy product availability across online and offline organized retail channels is also acting as a significant growth-inducing factor for the market. Besides this, the introduction of innovative product variants by the manufacturers, such as SO, FSSC, and GMP certifications is creating lucrative growth opportunities in the market. Also, the rapid product utilization as a sizing agent in the textile and pare and pulp industries is impacting the market favorably. The market is further driven by the increasing usage of cassava starch in the pharmaceutical industry as an excipient for the formulation of tablets and capsules. Some of the other factors contributing to the market include rapid urbanization, rising prevalence of chronic diseases such as obesity and diabetes, inflating disposable income levels, and extensive research and development (R&D) activities conducted by key players.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cassava starch market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on end-use.

End Use Insights:

Sweeteners
MSG/Lysine
Food Industries
Paper Industries
Modified Starch
Sago Pearl
Textile
Others

The report has provided a detailed breakup and analysis of the cassava starch market based on the end use. This includes sweeteners, MSG/lysine, food industries, paper industries, modified starch, sago pearl, textile, and others. According to the report, sweeteners represented the largest segment due to the excellent texture and attributes, such as smoothness, creaminess, and viscosity, offered by cassava starch-based sweeteners to numerous dishes. In addition to this, the increasing number of health-conscious consumers adopting natural alternatives to artificial sweeteners is resulting in a higher uptake of natural and minimally processed cassava starch-based sweeteners.

Regional Insights:

Production
Asia
Africa
Latin America
Others
Consumption
China
Indonesia
Malaysia
Japan
Philippines
Others

The report has also provided a comprehensive analysis of all the major regional markets, which include production (Asia, Africa, Latin America, and others) and consumption (China, Indonesia, Malaysia, Japan, Philippines, and others). According to the report, Asia was the largest market for cassava starch. Some of the factors driving the Asia cassava starch market included the rising health consciousness among the masses, continual technological advancements in cassava starch processing, increasing demand for natural food additives from the food and beverage industry, rising international trade and globalization of cassava cultivation, etc.

Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global cassava starch market. Some of the companies covered in the report include:

TCS Tapioca
Eiamheng Tapioca
Sunrise International
PT Buda Starch & Sweetener
Sharp SPAC Tapioca

Please note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report

1. What was the size of the global cassava starch market in 2023?
2. What is the expected growth rate of the global cassava starch market during 2024-2032?
3. What are the key factors driving the global cassava starch market?
4. What has been the impact of COVID-19 on the global cassava starch market?
5. What is the breakup of the global cassava starch market based on the end-use?
6. What are the key regions in the global cassava starch market?
7. Who are the key companies/players in the global cassava starch market?

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Cassava Industry
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Region
5.4 Market Breakup by End-Use
5.5 Market Forecast
6 Global Starch Industry
6.1 Market Overview
6.2 Market Performance
6.3 Market Breakup by Region
6.4 Market Breakup by Feedstock
6.4.1 Corn
6.4.2 Wheat
6.4.3 Cassava
6.4.4 Others
6.5 Market Breakup by End-Use
6.6 Market Forecast
7 Global Cassava Starch Industry
7.1 Market Overview
7.2 Market Performance
7.2.1 Volume Trends
7.2.2 Value Trends
7.3 Price Trends
7.4 Impact of COVID-19
7.5 Market Breakup by Region
7.6 Market Breakup by End-Use
7.7 Market Forecast
7.8 SWOT Analysis
7.8.1 Overview
7.8.2 Strengths
7.8.3 Weaknesses
7.8.4 Opportunities
7.8.5 Threats
7.9 Value Chain Analysis
7.9.1 Raw Material Suppliers
7.9.2 Processors
7.9.3 Distributors
7.9.4 Exporters
7.9.5 End-Users
7.10 Porter’s Five Forces Analysis
7.10.1 Overview
7.10.2 Bargaining Power of Buyers
7.10.3 Bargaining Power of Suppliers
7.10.4 Degree of Competition
7.10.5 Threat of New Entrants
7.10.6 Threat of Substitutes
7.11 Key Market Drivers and Success Factors
8 Performance of Key Regions
8.1 Production
8.1.1 Asia
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Africa
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.1.3 Latin America
8.1.3.1 Market Trends
8.1.3.2 Market Forecast
8.1.4 Others
8.1.4.1 Market Trends
8.1.4.2 Market Forecast
8.2 Consumption
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Indonesia
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 Malaysia
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 Japan
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Philippines
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Others
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
9 Market Breakup by End-Use
9.1 Sweeteners
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 MSG/Lysine
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Food Industries
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Paper Industries
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Modified Starch
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Sago Pearl
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Textile
9.7.1 Market Trends
9.7.2 Market Forecast
9.8 Others
9.8.1 Market Trends
9.8.2 Market Forecast
10 Competitive Landscape
11 Cassava Starch Manufacturing Process
11.1 Product Overview
11.2 Detailed Process Flow
11.3 Various Types of Unit Operations Involved
11.4 Mass Balance and Raw Material Requirements
12 Project Details, Requirements and Costs Involved
12.1 Land Requirements and Expenditures
12.2 Construction Requirements and Expenditures
12.3 Plant Machinery
12.4 Raw Material Requirements and Expenditures
12.5 Packaging Requirements and Expenditures
12.6 Transportation Requirements and Expenditures
12.7 Utility Requirements and Expenditures
12.8 Manpower Requirements and Expenditures
12.9 Other Capital Investments
13 Loans and Financial Assistance
14 Project Economics
14.1 Capital Cost of the Project
14.2 Techno-Economic Parameters
14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
14.4 Taxation and Depreciation
14.5 Income Projections
14.6 Expenditure Projections
14.7 Financial Analysis
14.8 Profit Analysis
15 Key Player Profiles
15.1 TCS Tapioca
15.2 Eiamheng Tapioca
15.3 Sunrise International
15.4 PT Buda Starch & Sweetener
15.5 Sharp SPAC Tapioca
List of Figures
Figure 1: Global: Cassava Starch Market: Major Drivers and Challenges
Figure 2: Global: Cassava Market: Volume Trends (in Million Tons), 2018-2023
Figure 3: Global: Cassava Market: Breakup by Region (in %), 2023
Figure 4: Global: Cassava Market: Breakup by End-Use (in %), 2023
Figure 5: Global: Cassava Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 6: Global: Starch Market: Volume Trends (in Million Tons), 2018-2023
Figure 7: Global: Starch Market: Breakup by Region (in %), 2023
Figure 8: Global: Starch Market: Breakup by Feedstock (in %), 2023
Figure 9: Global: Starch Market: Breakup by End-Use (in %), 2023
Figure 10: Global: Starch Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 11: Global: Cassava Starch Market: Volume Trends (in Million Tons), 2018-2023
Figure 12: Global: Cassava Starch Market: Value Trends (in Billion US$), 2018-2023
Figure 13: Global: Cassava Starch Market: Average Price Trends (in US$/Ton), 2018-2023
Figure 14: Global: Cassava Starch Market: Production Breakup by Region (in %), 2023
Figure 15: Global: Cassava Starch Market: Consumption Breakup by Region (in %), 2023
Figure 16: Global: Cassava Starch Market: Breakup by End-Use (in %), 2023
Figure 17: Global: Cassava Starch Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 18: Global: Cassava Starch Market Forecast: Value Trends (in Billion US$), 2024-2032
Figure 19: Global: Cassava Starch Industry: SWOT Analysis
Figure 20: Global: Cassava Starch Industry: Value Chain Analysis
Figure 21: Global: Cassava Starch Industry: Porter’s Five Forces Analysis
Figure 22: Asia: Cassava Starch Market: Production Volume (in Million Tons), 2018 & 2023
Figure 23: Asia: Cassava Starch Market Forecast: Production Volume (in Million Tons), 2024-2032
Figure 24: Africa: Cassava Starch Market: Production Volume (in Million Tons), 2018 & 2023
Figure 25: Africa: Cassava Starch Market Forecast: Production Volume (in Million Tons), 2024-2032
Figure 26: Latin America: Cassava Starch Market: Production Volume (in Million Tons), 2018 & 2023
Figure 27: Latin America: Cassava Starch Market Forecast: Production Volume (in Million Tons), 2024-2032
Figure 28: Others: Cassava Starch Market: Production Volume (in Million Tons), 2018 & 2023
Figure 29: Others: Cassava Starch Market Forecast: Production Volume (in Million Tons), 2024-2032
Figure 30: China: Cassava Starch Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 31: China: Cassava Starch Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 32: Indonesia: Cassava Starch Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 33: Indonesia: Cassava Starch Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 34: Malaysia: Cassava Starch Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 35: Malaysia: Cassava Starch Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 36: Japan: Cassava Starch Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 37: Japan: Cassava Starch Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 38: Philippines: Cassava Starch Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 39: Philippines: Cassava Starch Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 40: Others: Cassava Starch Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 41: Others: Cassava Starch Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 42: Global: Cassava Starch Market: Sweeteners (in Million Tons), 2018 & 2023
Figure 43: Global: Cassava Starch Market Forecast: Sweeteners (in Million Tons), 2024-2032
Figure 44: Global: Cassava Starch Market: MSG/Lysine (in Million Tons), 2018 & 2023
Figure 45: Global: Cassava Starch Market Forecast: MSG/Lysine (in Million Tons), 2024-2032
Figure 46: Global: Cassava Starch Market: Food Industries (in Million Tons), 2018 & 2023
Figure 47: Global: Cassava Starch Market Forecast: Food Industries (in Million Tons), 2024-2032
Figure 48: Global: Cassava Starch Market: Paper Industries (in Million Tons), 2018 & 2023
Figure 49: Global: Cassava Starch Market Forecast: Paper Industries (in Million Tons), 2024-2032
Figure 50: Global: Cassava Starch Market: Modified Starch (in Million Tons), 2018 & 2023
Figure 51: Global: Cassava Starch Market Forecast: Modified Starch (in Million Tons), 2024-2032
Figure 52: Global: Cassava Starch Market: Sago Pearl (in Million Tons), 2018 & 2023
Figure 53: Global: Cassava Starch Market Forecast: Sago Pearl (in Million Tons), 2024-2032
Figure 54: Global: Cassava Starch Market: Textile (in Million Tons), 2018 & 2023
Figure 55: Global: Cassava Starch Market Forecast: Textile (in Million Tons), 2024-2032
Figure 56: Global: Cassava Starch Market: Other Uses (in Million Tons), 2018 & 2023
Figure 57: Global: Cassava Starch Market Forecast: Other Uses (in Million Tons), 2024-2032
Figure 58: Cassava Starch Manufacturing Plant: Detailed Process Flow
Figure 59: Cassava Starch Manufacturing Process: Conversion Rate of Feedstocks
Figure 60: Cassava Starch Manufacturing Plant: Packaging Requirements
Figure 61: Cassava Starch Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 62: Cassava Starch: Profit Margins at Various Levels of the Supply Chain
Figure 63: Cassava Starch Manufacturing Plant: Breakup of Total Production Cost (in %)
List of Tables
Table 1: Global: Cassava Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Cassava Market Forecast: Breakup by Region, 2024-2032
Table 3: Global: Cassava Market Forecast: Breakup by End-Use, 2024-2032
Table 4: Global: Starch Market: Key Industry Highlights, 2023 and 2032
Table 5: Global: Starch Market Forecast: Breakup by Region, 2024-2032
Table 6: Global: Starch Market Forecast: Breakup by Feedstock, 2024-2032
Table 7: Global: Starch Market Forecast: Breakup by End-Use, 2024-2032
Table 8: Global: Cassava Starch Market: Key Industry Highlights, 2023 and 2032
Table 9: Global: Cassava Starch Market Forecast: Production Breakup by Region, 2024-2032
Table 10: Global: Cassava Starch Market Forecast: Consumption Breakup by Region, 2024-2032
Table 11: Global: Cassava Starch Market Forecast: Breakup by End-Use, 2024-2032
Table 12: Global: Cassava Starch Market: Competitive Structure
Table 13: Cassava Starch Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 14: Cassava Starch Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 15: Cassava Starch Manufacturing Plant: Costs Related to Machinery (in US$)
Table 16: Cassava Starch Manufacturing Plant: Raw Material Requirements
Table 17: Cassava Starch Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 18: Cassava Starch Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 19: Details of Financial Assistance Offered by Financial Institutions
Table 20: Cassava Starch Manufacturing Plant: Capital Costs (in US$)
Table 21: Cassava Starch Manufacturing Plant: Techno-Economic Parameters
Table 22: Cassava Starch Manufacturing Plant: Taxation and Depreciation (in US$)
Table 23: Cassava Starch Manufacturing Plant: Income Projections (in US$)
Table 24: Cassava Starch Manufacturing Plant: Expenditure Projections (in US$)
Table 25: Cassava Starch Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 26: Cassava Starch Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 27: Cassava Starch Manufacturing Plant: Profit and Loss Account (in US$)