According to IMARC Group’s latest report, titled “Cassava Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global cassava starch market size reached US$ 4.7 Billion in 2021. Cassava starch is a natural raw material that serves as a rich source of manganese, folate, calcium, and carbohydrates. It is procured from cassava roots through the process of washing and pulping. The flour contains a high concentration of starch and offers several advantages, including excellent thickening characteristics, neutral taste, and a high purity level. Cassava starch also has high freeze-thaw stability, due to which it is extensively used across the textile, food and beverage (F&B), paper, and fuel industries.
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The increasing application of cassava starch across the F&B industry is one of the key factors driving the market growth. Starch is a rich source of carbohydrates and is extensively used as a thickening agent in soups, yoghurts, pastry and bakery products, noodles, ice creams, and soft drinks. Moreover, the growing consumer awareness regarding the health benefits of cassava starch and the surging demand for artificial sweeteners, such as glucose, fructose and maltose, are factors accelerating the market growth. Besides this, the increasing product utilization in non-food applications, including manufacturing drugs, adhesives, and paper, is creating a positive outlook for the market. Looking forward, IMARC Group expects the cassava starch market to reach US$ 6.2 Billion by 2027, exhibiting a growth rate (CAGR) of 4.9% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- TCS Tapioca
- Eiamehang Tapioca
- Sunrise International
- PT Buda Starch & Sweetener
- SPAC Tapioca
Key Highlights of the Market Segmentation:
Breakup by End-Use:
- Food Industries
- Paper Industries
- Modified Starch
- Sago Pearl
- Latin America
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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