Organic Cassava Starch Market Scope
Organic cassava starch is a type of starch that is produced by extracting and drying the root of the cassava plant. It is majorly used in food products such as wheat, rice, potatoes among others. It can also be used as an important foodstuff, adhesives and as fillers and stiffeners for paper and textiles. These starch are rich in antioxidants, carbohydrates help in preventing infection and also provides health beneficial properties. The rising food industry among with bakery sector is driving the market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Tate & Lyle Plc (United Kingdom), Ingredion Inc. (United States), Cargill Incorporated (United States), AGRANA Starch (Austria), Psaltry International (Nigeria), Visco Starch (India), KPN Pharma (Vientiane), SPAC STARCH PRODUCTS (India), Ekta International (India) and Sanstar Bio – Polymers (India) |
CAGR | 20.3% |
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Organic Cassava Starch market throughout the predicted period.
Tate & Lyle Plc (United Kingdom), Ingredion Inc. (United States), Cargill Incorporated (United States), AGRANA Starch (Austria), Psaltry International (Nigeria), Visco Starch (India), KPN Pharma (Vientiane), SPAC STARCH PRODUCTS (India), Ekta International (India) and Sanstar Bio – Polymers (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Aryan International (India), Thai Foods Product International (Thailand) and Asia Fructose (Thailand).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Organic Cassava Starch market by Type , by Application (Food & Beverages (Bakery & Confectionery, Snacks & Cereals, Processed Food, Functional Food, Soups, Sauces & Gravies, Beverages, Others), Paper, Textile & Adhesives, Pharmaceuticals, Cosmetics & Personal Care and Animal Feed) and Region with country level break-up.
On the basis of geography, the market of Organic Cassava Starch has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In October 2020 Tate & Lyle PLC, a leading global provider of food and beverage ingredients and solutions, announces that it has signed an agreement to acquire an 85% shareholding in Chaodee Modified Starch Co., Ltd. (“CMS”), a well-established tapioca modified food starch manufacturer located in Thailand.
In April 2018, Chorchaiwat Industry Company Limited, a Thai firm launched gluten-free cassava flour Sava flour, to the Thai market which is based on BIOTEC’s technology. This flour is a gluten-free all-purpose flour made up of cassava and can be used for baking and cooking purposes.
Influencing Trend:
Adoption of these Products, due to Owing Its Gluten-Free Properties
Market Growth Drivers:
Highly Utilization of Organic Cassava Starch in the Food and Beverages Industry for Different Purposes and Increasing Application of these Starch in Cosmetic, Pharmaceuticals, Personal Care, and Other Industries
Challenges:
Lack of Knowledge among the People Living in Developing Regions
Restraints:
Issues Related Towards the Toxicity of Cassava Roots
Opportunities:
Cassava Starch Is Among the Prime Ingredients for Making Baking Product Such As Bread and Biscuit, Hence Providing an Opportunity and Growing Textile Industry to Fuel the Growth of the Cassava Starch Market
Key Target Audience
Potential Investors, Up and Down Stream Vendors, End- Users, Food Industry, Suppliers and Distributors and Others