Cassava starch is considered rich source of folate, iron, carbohydrates, calcium, antioxidants, and manganese. As a result, it finds application major in the food and beverages industry. Thus, growing demand of cassava starch from food and beverages sector is foreseen to drive stupendous expansion opportunities in the global cassava starch market during the tenure of 2020 to 2030.
TMR’s upcoming research report on the cassava starch market delivers reliable data and analysis on key factors driving or restraining market growth during the assessment period of 2020 to 2030. Moving forward, the report sheds light on many important aspects such as challenges, restraints, and growth opportunities in the market for cassava starch. Thus, the study represents complete synopsis of the cassava starch market for the assessment period 2020–2030.
The study performs segmentation of the global cassava starch market based on many important parameters such as type, end-use, and region. Based on type, the market for cassava starch is classified into sweeteners, modified starch, and native starch.
The global cassava starch market is estimated to gather lucrative avenues in the years ahead. This growth is on the back of increased inclination among major population from all across the globe toward on-the-go functional foods including bakery products. Moreover, cassava starch is gaining traction across various end-use industries such as food and beverages. Key reason for this popularity is its ability to offer many advantages such as high purity levels, exceptional thickening characteristics, and neutral taste. Apart from this, cassava starch is cost-effective option as compared to other options. Thus, its growing use in aforementioned industry will generate prominent demand opportunities in the global cassava starch market between 2020 and 2030.
Cassava starch is in high demand in paper and packaging industry. In this industry, this starch finds application as binding agent, for maintaining consistency, and for the production of biodegradable packaging solutions. This scenario predicts that the cassava starch market will gather remarkable sales opportunities from paper and packaging industry.
The global cassava starch market is highly fragmented and consolidated in nature. Presence of many global and regional players makes the competitive landscape of the market for cassava starch is quite fierce. Vendors working in this market are focused on strengthening their distribution channels. In addition to this, many enterprises are growing efforts to provide their products at cost-efficient rates. Several players are increasing their concentration on launch of innovative products. Owing to all these activities, the global cassava starch market is likely to grow at rapid pace in the forthcoming period.
The study profiles following important players working in the global cassava starch market:
In terms of region, the global cassava starch market shows existence in many regions including Europe, Asia Pacific, North America, South America, and the Middle East and Africa. Of all regions, Asia Pacific is one of the prominent regions in the market for cassava starch. This growth is on the back of increased inclination among major population from this region toward the use of nutritional beverages and functional foods.