Cassava and Tapioca Starch Market Size, Share, Growth, and Industry Analysis, By Type (Native Starch and Modified Starch), By Application (Industrial Use, Food and Beverage and Others) and Regional Forecast to 2031

CASSAVA AND TAPIOCA STARCH MARKET REPORT OVERVIEW

The global Cassava and Tapioca Starch Market size was USD 3.7 billion in 2023 and the market is projected to touch USD 5.7 billion by 2030, exhibiting a CAGR of 6.2% during the forecast period.

Cassava Starch as well as Tapioca Starch are produced from the cassava root (manioc or yuca), a kind of tuber originally found in South America and now grown widely in tropical areas. Although they start from the same place, the terms are commonly used together, but there are little differences to be aware of.

COVID-19 IMPACT

Cassava and Tapioca Starch Industry Had a negative Effect Due to Supply Chain Disruptions during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

When the COVID-19 pandemic began, it caused trouble for supply chains and production in the cassava starch market as there were lockdowns and staff reduction in the main cassava production areas. Likewise, during the early days of the pandemic, the tapioca starch market was hit with problems in how ingredients were delivered and changes in demand. But there was an increase in starch demand as more people opted for gluten-free and eco-friendly foods that frequently contain tapioca starch.

LATEST TRENDS

Surge in Demand for Gluten-Free and Clean-Label Products to Propel Market Growth

An understanding of gluten intolerance and celiac disease is growing, so more people try to eat gluten-free diets. They naturally lack gluten, so cassava and tapioca starch are becoming more important in gluten-free baked goods, snacks, sauces and noodles. Because of their plain taste and strong ability to bind, starches are suitable for clean-label goods that health-savvy consumers often like.

CASSAVA AND TAPIOCA STARCH MARKET SEGMENTATION

By Type

Based on type the market can be categorized into Native Starch and Modified Starch.

• Native Starch- Cassava starch or tapioca starch, is the starch from the cassava root that has not been altered in any way. The natural structure and properties of granular material are kept when adding it to polymer particles.
• Modified Starch- Native starch can be improved and changed by giving it physical, chemical or enzymatic treatment which yields modified cassava or tapioca starch.

By Application

Based on application the market can be categorized into Industrial Use, Food and Beverage and Others.

• Industrial Use- Because of their excellent properties for binding, thickening and coating, cassava and tapioca are used a lot in industry.
• Food and Beverage- Cassava and tapioca are appreciated in food and beverages because they are so good at thickening, stabilizing and giving texture.

DRIVING FACTORS

Growing Demand for Gluten-Free and Clean-Label Products to Drive Market Advancement

One of the key driving factors in the Cassava and Tapioca Starch market growth is Growing Demand for Gluten-Free and Clean-Label Products. Once people become aware of gluten intolerance and celiac disease, they look for food that does not contain gluten. Because cassava and tapioca starch are gluten-free, they are now frequently used as replacements in cooking and baking.

Expanding Applications in Food and Beverage Industry to Expand the Market

Many kinds of snacks, cakes, dairy items, sauces and sweets use cassava and tapioca, since they are great for thickening, fixing food and keeping recipes stable. Because food and beverages are constantly improving and changing, demand for starch has increased.

RESTRAINING FACTORS

Seasonal and Climatic Dependency Poses Potential Impediments to Market Growth

To grow cassava, you need the same growing temperatures and conditions of tropical areas. Unusual weather such as droughts or very heavy rain, can alter the amount and quality of cassava roots. Due to changes in weather and seasons, the supply of cassava and tapioca may not be reliable and the prices can rise which sometimes makes cassava and tapioca starch hard to buy in stores.

OPPORTUNITY

Expansion of the Food Processing Industry in Emerging Economies to Create Opportunity for the Product in the Market

In Asia, Africa and Latin America, food processing industries are rapidly growing because of more money, city life and new trends in living. In many of these regions, cassava is grown in plenty which supports local sourcing and makes it cheaper.

CHALLENGE

Price Volatility of Raw Cassava Could Be a Potential Challenge for Consumers

Price instability in the raw cassava root is one main difficulty facing this market. Prices of cassava can rise or fall a lot because of how HARD to plant and LITTLE growth it gets, changes in weather conditions and the diseases it MAY develop. Because of this instability, manufacturers find it hard to calculate their expenses and keep their prices the same which can affect how much they earn.

CASSAVA AND TAPIOCA STARCH MARKET REGIONAL INSIGHTS

• NORTH AMERICA

There are much more cassava and tapioca starch sales in Asia Pacific than in North America. More demand is observed due to changes in the food and beverage industry, mostly due to people understanding health better and enjoying gluten-free and allergen-free options.

• EUROPE

Europe makes up a moderate amount of the cassava and tapioca starch market, thanks to people seeking more gluten-free and organic foods. Because the region is interested in sustainable and natural products, many now select tapioca starch instead of other artificial types.

• ASIA

Asia Pacific has emerged as the most dominant region in the Cassava and Tapioca Starch market share due to a convergence of factors that propel its leadership in this dynamic industry. Asia Pacific is the leader in Cassava and Tapioca Starch Market because of its large cassava production and use in different sectors.

KEY INDUSTRY PLAYERS

Key Players Transforming the Cassava and Tapioca Starch Landscape through Innovation and Global Strategy

Key enterprise players are shaping the Cassava and Tapioca Starch marketplace through strategic innovation and marketplace growth. In order to survive and compete, main firms are striving for new inventions, eco-friendly products and expanding their role in the market. They choose to upgrade their process equipment to make starch better, purer and suited for a variety of uses in food, drugs and for industry.

List of Market Players Profiled

• Thanawat Group (Thailand)
• CP Intertrade (Thailand)
• Thai Wah (Thailand)
• Chol Charoen Group (Thailand)
• Nong Ken (China)

INDUSTRIAL DEVELOPMENT

Nov 2018: The Chorchaiwat Industry Company Limited brought its new product Sava Flour to the Thai market. It does not include gluten and is ground from cassava.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated time frame. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.