Cassava starch is a starch derived from cassava roots, which are additionally referred to as yuca, manioc, and tapioca. The starch from cassava is frequently used in both food and other uses as a thickening up, enforceable, and gel formation agent. It is frequently found in baked products, soups, sauces, and pasta in the food business. It is used in the other sectors to make textiles, paper, adhesives, and beauty products. Cassava starch possesses an array of benefits including outstanding thawing and stability, high enter clarity, and high capacity for holding water. It is also free of gluten, which makes it an appealing component for customers who have gluten intolerance and celiac disease.
The increasing need for ease and prepared foods, especially in nations that are developing, is one of several primary drivers of the cassava starch market. As lives of individuals grow more and more hectic, the need for ready-to-eat snacks and meals expands. It is a common expanding agent found in an array of prepared foods such as pasta, sauces, as well as baked items. It helps to the appealing texture and caramel sweetness of these goods, rendering them appealing to consumers. The gluten-free trend was another significant driver of this marketplace. In the past few years, there have been an enormous rise in the number of individuals who have gluten intolerance as well as celiac disease.
Cassava starch additionally has an extensive list of uses in industry, which give to its growth in the market. Cassava starch's distinctive characteristics, such as higher paste clarity and excellent freeze-thaw security, render it an appealing component for use in other than food applications. It is frequently used within the production of paper, textiles, adhesives, as well as cosmetics. Another factor operating cassava starch market expansion is its affordable price contrasted to other starches. Cassava is a frequently grown crop that's relatively cheap to grow and harvest. As therefore, cassava starch is an inexpensive alternative for makers looking to cut costs without compromising quality.
New product launches to flourish in the market
Bunge Limited, an international agribusiness as well as food company, announced an agreement with the International Finance Corporation, or IFC, in 2020 to support the growth of its cassava starch company in Vietnam. Bunge is getting a $50 million financing from IFC to boost its capacity for manufacturing and enhance the sustainability of its business as part of the collaboration. Archer Daniels Midland (ADM), a global food processing and trading company, stated a joint venture with Cargill in 2019 to establish a fresh business in North America focused on the manufacture and auction of sweeteners and starches. Vantage Corn Processors is an alliance that combines ADM and Cargill's knowledge in corn wet milling as well as starch production to build a more efficient and competitive business.
Segment Overview:
By product type: The cassava starch market is divided into modified starch and native starch. Modified starch refers to cassava starch which has undergone physically or chemically altered to have particular functional characteristics such as enhanced durability or expanding power. Native starch is an unaltered type of cassava starch that is used in an array of both food and nonfood uses.
By application: The cassava starch market is divided into food and beverage, paper & packaging, and others. It is used to be a thickener, stabiliser, and binder in a wide range of food and beverage products, such as prepared foods, bakery products, as well as beverages.It is used within the paper and wrapping industries as a biodegradable substitute to synthetic substances. Textiles glues, and drugs are among the other use for cassava starch.
By grade: The cassava starch market is divided into food grade, industrial grade, and blended grade. It used for food applications has to satisfy strict safety and quality standards. Nonfood applications for industrial grade cassava starch involve textiles, paper, and glues. Blended grade cassava starch is an amalgam of food grade as well as commercial-grade starch that is used in uses that require both nutritional and financial properties.
By region: The Asia-Pacific cassava starch market is projected to expand substantially over the coming years, owing to increasing demand for refined foods and the increasing acceptance of gluten-free goods in the region. Thailand, Indonesia, and Vietnam, and the Republic of the Philippines have major cassava starch makers in the region. Furthermore, the plentiful supply of cassava in these nations, as well as government subsidies for cassava cultivation, contribute to market growth. The beverage and food sectors are the area's largest consumers of cassava starch, next to the paper and wrapping industries. The increasing need for environmentally friendly and biodegradable materials in packaging goods is expected to stimulate cassava starch demand in Asia-Pacific.
Competitive analysis and profiles of the major players in the cassava starch market, such as Aryan International, Agrana Starch, Cargill, Chorchaiwat Industry Company Ltd., Eiamheng, Incorporated, Ingredion Incorporated, Tate & Lyle, The Dutch Agricultural Development & Trading Company BV, Vaighai Agro, and Visco Starch. Major players have adopted product launch and acquisition as key developmental strategies to improve the product portfolio of this market.
The increasing need for ease and prepared foods, especially in nations that are developing, is one of several primary drivers of the cassava starch market. As lives of individuals grow more and more hectic, the need for ready-to-eat snacks and meals expands. It is a common expanding agent found in an array of prepared foods such as pasta, sauces, as well as baked items. It helps to the appealing texture and caramel sweetness of these goods, rendering them appealing to consumers. The gluten-free trend was another significant driver of this marketplace. In the past few years, there have been an enormous rise in the number of individuals who have gluten intolerance as well as celiac disease.
Cassava starch additionally has an extensive list of uses in industry, which give to its growth in the market. Cassava starch's distinctive characteristics, such as higher paste clarity and excellent freeze-thaw security, render it an appealing component for use in other than food applications. It is frequently used within the production of paper, textiles, adhesives, as well as cosmetics. Another factor operating cassava starch market expansion is its affordable price contrasted to other starches. Cassava is a frequently grown crop that's relatively cheap to grow and harvest. As therefore, cassava starch is an inexpensive alternative for makers looking to cut costs without compromising quality.
New product launches to flourish in the market
Bunge Limited, an international agribusiness as well as food company, announced an agreement with the International Finance Corporation, or IFC, in 2020 to support the growth of its cassava starch company in Vietnam. Bunge is getting a $50 million financing from IFC to boost its capacity for manufacturing and enhance the sustainability of its business as part of the collaboration. Archer Daniels Midland (ADM), a global food processing and trading company, stated a joint venture with Cargill in 2019 to establish a fresh business in North America focused on the manufacture and auction of sweeteners and starches. Vantage Corn Processors is an alliance that combines ADM and Cargill's knowledge in corn wet milling as well as starch production to build a more efficient and competitive business.
Segment Overview:
By product type: The cassava starch market is divided into modified starch and native starch. Modified starch refers to cassava starch which has undergone physically or chemically altered to have particular functional characteristics such as enhanced durability or expanding power. Native starch is an unaltered type of cassava starch that is used in an array of both food and nonfood uses.
By application: The cassava starch market is divided into food and beverage, paper & packaging, and others. It is used to be a thickener, stabiliser, and binder in a wide range of food and beverage products, such as prepared foods, bakery products, as well as beverages.It is used within the paper and wrapping industries as a biodegradable substitute to synthetic substances. Textiles glues, and drugs are among the other use for cassava starch.
By grade: The cassava starch market is divided into food grade, industrial grade, and blended grade. It used for food applications has to satisfy strict safety and quality standards. Nonfood applications for industrial grade cassava starch involve textiles, paper, and glues. Blended grade cassava starch is an amalgam of food grade as well as commercial-grade starch that is used in uses that require both nutritional and financial properties.
By region: The Asia-Pacific cassava starch market is projected to expand substantially over the coming years, owing to increasing demand for refined foods and the increasing acceptance of gluten-free goods in the region. Thailand, Indonesia, and Vietnam, and the Republic of the Philippines have major cassava starch makers in the region. Furthermore, the plentiful supply of cassava in these nations, as well as government subsidies for cassava cultivation, contribute to market growth. The beverage and food sectors are the area's largest consumers of cassava starch, next to the paper and wrapping industries. The increasing need for environmentally friendly and biodegradable materials in packaging goods is expected to stimulate cassava starch demand in Asia-Pacific.
Competitive analysis and profiles of the major players in the cassava starch market, such as Aryan International, Agrana Starch, Cargill, Chorchaiwat Industry Company Ltd., Eiamheng, Incorporated, Ingredion Incorporated, Tate & Lyle, The Dutch Agricultural Development & Trading Company BV, Vaighai Agro, and Visco Starch. Major players have adopted product launch and acquisition as key developmental strategies to improve the product portfolio of this market.
Cassava Starch Market Report Highlights
| Aspects | Details |
 By Product Type |
|
 By Application |
|
 By Grade |
|
 By Region |
|
 Key Market Players | Eiamheng, Visco Starch, Vaighai Agro, Tate & Lyle, Chorchaiwat Industry Company Limited, Aryan International, Agrana Starch, Ingredion Incorporated, The Dutch Agricultural Development & Trading Company BV, Cargill, Incorporated |
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