Modified Cassava Starch Market Drivers, Trends, and Forecast by 2031

MARKET INTRODUCTION

Cassava starch is obtained from the cassava root, which contains high amount of nutrients such as carbohydrates, fibers, vitamins, and others. Cassava is actually a root vegetable that is primarily grown in South America and Africa regions. This kind of naturally occurs in the cassava root, and is extracted for use in different industries. Cassava starch contains antioxidants, has fresh taste and high carbohydrate content, prevents infections, and offers other health beneficial properties. Cassava starch is highly utilized in the food and beverages industry for different purposes. Along with that, it is also used in animal feed, pharmaceuticals, cosmetics and personal care, and other industries.

MARKET DYNAMICS

Being a rich source of carbohydrates, modified cassava starch is used as a major ingredient in a number of food products. The global food industry is currently growing at a rapid pace due to urbanization, expanding working population and rising household incomes, especially in the emerging nations like India and China. This is has led to an increase in the demand for ready-to-eat food products which has stimulated the growth of the cassava starch industry. In the textile industry modifies cassava starch is used for sizing, finishing and printing due to its flexibility, resistance to abrasion and the ability to bond with the fiber. The increase in urbanization is fuelling the growth of the textile industry which in turn increases the demand foe modified cassava starch. The growing health consciousness among consumers along with the rising cases of diabetes have made the consumers purchase products that are beneficial to their health. The increasing demand for these sweeteners is expected to drive the modified cassava starch market in the coming years.

MARKET SCOPE

The "Global Modified Cassava Starch Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the modified cassava starch market with detailed market segmentation by starch, grade, nature, end user, and geography. The modified cassava starch market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading modified cassava starch market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global modified cassava starch market is segmented on the basis of starch, grade, nature and end user. On the basis of starch the market is segmented into unmodified/native starch, modified starch and sweeteners. On the basis of grade the market is segmented into industrial grade, food grade and feed grade. On the basis of nature the market is divided into organic cassava starch and conventional cassava starch. On the basis of end user the market is segmented into animal feed, food, textile, cosmetic, paper and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the modified cassava starch market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The modified cassava starch market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting modified cassava starch market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting modified cassava starch market in these regions.

MARKET PLAYERS

The reports cover key developments in the modified cassava starch market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from modified cassava starch market are anticipated to lucrative growth opportunities in the future with the rising demand for modified cassava starch in the global market. Below mentioned is the list of few companies engaged in the modified cassava starch market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the modified cassava starch market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Cargill, Incorporated
  
•   TCS Tapioca
  
•   EIAMHENG TAPIOCA STARCH INDUSTRY CO., LTD.
  
•   Sunrise International, Inc.
  
•   PT Budi Starch & Sweetener Tbk
  
•   SPAC Starch Products (India) Limited
  
•   AGRANA Beteiligungs-AG
  
•   Tate & Lyle PLC
  
•   Ingredion Incorporated
  
•   Psaltry International Limited
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Modified Cassava Starch Report Scope