Cassava Starch Market Size, Price Trends, Key Players, Analysis and Forecast to 2027

According to IMARC Group’s latest report, titled “Cassava Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the cassava starch market share. 

The global cassava starch market size reached US$ 4.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.2 Billion by 2027, exhibiting a growth rate (CAGR) of 4.9% during 2022-2027. Cassava starch also referred to as tapioca, represents a fine, white crystalline flour produced from fresh cassava roots through pulping and washing. It is a good source of amylose, iron, folate, manganese, amylopectin, carbohydrates, and calcium, which support gut health and streamline blood sugar management. Cassava starch also contains vitamin C that boosts immune function and collagen production. In addition, it is a gluten-free and non-allergenic product comprising low amounts of sodium and saturated fat. As a result, cassava starch finds widespread applications in sweeteners, food and paper industries, textiles, sago pearl, MSG/lysine, etc.

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The escalating demand for ready-to-eat (RTE) food items, owing to the emerging trend of urbanization, inflating disposable income, and the expanding working population, is among the primary factors driving the cassava starch market. Besides this, the elevating product requirement to improve pulp utilization and paper quality and in the pharmaceutical sectors to formulate specific medicines is further augmenting the market growth. Moreover, the growing popularity of cassava starch as a thickening agent in bakery goods, yogurt, soups, noodles, ice creams, and soft drinks is also catalyzing the global market. Apart from this, the increasing usage of tapioca in the textile industry for sizing, finishing, and printing, on account of its flexibility, abrasion resistance, and ability to form a bond with the fiber, is acting as another significant growth-inducing factor. Furthermore, the rising awareness among individuals toward the health benefits offered by this product and its extensive utilization in ethanol production for automobiles are expected to bolster the cassava starch market in the coming years. 

Cassava Starch Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the cassava starch market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• TCS Tapioca
• Eiamehang Tapioca
• Sunrise International
• PT Buda Starch & Sweetener
• SPAC Tapioca

Key Market Segmentation:

The report has segmented the global cassava starch market on the basis of end-use and region.

Breakup by End-Use:

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

Breakup by Region:

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

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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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Article source: https://article-realm.com/article/Politics/35032-Cassava-Starch-Market-Size-Price-Trends-Key-Players-Analysis-and-Forecast-to-2027.html