assava StarchGlobal Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033

The Business Research Company's Cassava Starch Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033

LONDON, GREATER LONDON, UK, August 15, 2024 /EINPresswire.com/ -- The global cassava starch market has demonstrated significant growth in recent years, with the market size increasing from $4.47 billion in 2023 to $4.74 billion in 2024, reflecting a compound annual growth rate (CAGR) of 5.9%. The growth has been driven by factors such as the rising demand for convenience foods, increased consumption of gluten-free and functional foods, and the use of cassava starch as an alternative sweetener. Looking ahead, the market is projected to reach $6.06 billion by 2028, with a robust CAGR of 6.4%. This anticipated growth is attributed to the expanding food processing sector, heightened awareness of gluten intolerance and celiac disease, and a growing preference for natural food additives.

Rising Consumption of Processed Foods Drives Market Growth
The burgeoning consumption of processed foods is a key factor propelling the growth of the cassava starch market. Processed foods, which have been altered in various ways during preparation, benefit from cassava starch's properties, such as enhanced texture, stability, and shelf life. As processed foods become more prevalent due to their convenience and availability, the demand for cassava starch as a versatile and cost-effective ingredient is expected to rise. For instance, the total value of US processed food exports increased to $36.59 billion in 2023, up by 1.7% from previous years, illustrating the growing global appetite for processed foods.

Explore comprehensive insights into the global cassava starch market with a detailed sample report: https://www.thebusinessresearchcompany.com/sample_request?id=16368&type=smp

Major Players and Innovations
Key players in the cassava starch market include Cargill Incorporated, The Archer-Daniels-Midland Company (ADM), Ingredion Inc., and Roquette Frères, among others. These companies are at the forefront of innovation, developing new products to cater to the growing consumer demand for gluten-free and healthier options. For example, Lemonilo, an Indonesian health food brand, launched Cassamo, a high-fiber, gluten-free cassava chip in June 2023. This product offers a nutritious alternative to traditional snacks and highlights the market's shift towards health-conscious consumer preferences.

Trends Shaping the Market
Several trends are shaping the cassava starch market:
• Innovations in Processing Techniques: Enhanced methods for extracting cassava starch improve its functionality and application in various products.
• Development of Biodegradable Starches: There is a growing focus on creating starches with biodegradable properties.
• Expansion of Food Processing Industry: The growth in the food processing sector drives demand for cassava starch due to its stabilizing and thickening properties.
• Demand for Natural Food Additives: Consumers are increasingly seeking natural and clean-label ingredients in their foods.

Market Segmentation
The cassava starch market is segmented as follows:
• By Type: Native, Modified, Sweeteners
• By Form: Solid, Dry
• By Nature: Conventional, Organic
• By End User: Food and Beverage, Pharmaceuticals, Animal Feed, Cosmetics, Others

Regional Insights: Asia-Pacific Leading the Market
In 2023, Asia-Pacific emerged as the largest region in the cassava starch market. However, North America is expected to experience the fastest growth in the forecast period, driven by increasing demand for processed foods and innovative starch products.

Explore the report store to make a direct purchase of the report
https://www.thebusinessresearchcompany.com/report/cassava-starch-global-market-report

Cassava Starch Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Cassava Starch Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on cassava starch market size, cassava starch market drivers and trends, cassava starch market major players, competitors' revenues, market positioning, and market growth across geographies. The cassava starch market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

Browse Through More Similar Reports By The Business Research Company:
Industrial Starch Global Market Report 2024
Modified Starch Global Market Report 2024
Starch Derivatives Global Market Report 2024

About The Business Research Company?
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Global Market Model – Market Intelligence Database
The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.

Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
email us here
Visit us on social media:
Facebook
X
LinkedIn
YouTube

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.