Global cassava starch market trends: the reason of rising demand of cassava starch

The global cassava starch market is currently experiencing a positive growth. This is due to thriving food industry, increased non-food use and low capital investment. Statistically, the global cassava starch market reached a production volume of more than 8 Million Tons in 2018, registering a CAGR of 4.73% during 2011-2018. The market volume is further projected to cross 10 Million Tons by 2024, at a CAGR of 3.76% during 2019-2024. This shows clearly global cassava starch market has a growing trend.

Global cassava starch market: End-Use

Thriving food industry accelerates the demand of cassava starch

Cassava starch is widely used in food industry. For example, it used in food, beverages, confectionery and so on. Because of the urbanization, rising labor and household incomes, the cassava starch industry is being spurred by rapid growth in the global food industry. It provides a thrust to the demand of cassava starch.

Non-food use promotes the demand of cassava starch

Cassava starch is used in textile industry due to flexibility, resistance to abrasion. At the same time, the textile industry is developing, so the development of textile industry drives the demand of cassava starch.

The cassava starch can be made sweeteners. The rise in diabetes and health awareness has fueled the global demand for artificial sweeteners. The cassava starch market will see increasing demand for these sweeteners over the next few years.

Low capital investment

Cassava is currently one of the most popular starch production materials. Compared with other starches, cassava starch is easy to extract, with simple extraction process, low cost, small scale and extensive use. Because of its simple extraction process, so the investment of machine is lower.

Global cassava starch market has a growing trend

With the world producing about 200 million tons of tubers a year, FAO believes that by converting relatively cheap raw materials into high-value starch, many developing countries can strengthen their economies and increase the income of cassava growers. DOING company is a professional cassava processing machine manufacturer, on the background of the rising demand of cassava starch , if you want to seize the chance, please contact us.We can give you some practical suggestions.