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Cassava Starch and Pulp Market Size - Growth Trends, Statistics & Forecasts (2024 - 2031)

The "Cassava Starch and Pulp Market" Insights report offers an in-depth and thorough analysis of the market, covering aspects such as size, shares, revenues, segments, drivers, trends, growth, and development. Additionally, it identifies factors that may limit growth and examines regional industrial presence that could influence market trends beyond 2031.

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Cassava Starch and Pulp Market Report Outline, Market Statistics, and Growth Opportunities

The Cassava Starch and Pulp market is poised for steady growth, projected to expand at a compound annual growth rate (CAGR) of % from 2024 to 2031. This growth is driven by rising demand in the food and beverage sector, as well as in industrial applications such as pharmaceuticals, textiles, and adhesives, where cassava starch serves as a sustainable alternative to synthetic materials. Additionally, the increasing popularity of gluten-free products is further boosting demand for cassava-based ingredients. However, challenges such as fluctuating raw material prices, climate change impacts on cassava production, and competition from other starch sources may hinder growth. Despite these hurdles, opportunities remain in the form of innovation in processing technologies, expanding into new markets, and the growing trend towards natural and organic products, which positions cassava as a beneficial ingredient. Investments in research and development for better yield and sustainability practices also present avenues for future advancements. Overall, with supportive policies and consumer trends favoring natural products, the cassava starch and pulp market is well-positioned for robust growth and resilience in the coming years.

Key Companies & Market Share Insights

ROI ET Group
FOCOCEV
Guangxi high starch co., LTD
Hung Duy
SPAC Tapioca
Banpong Tapioca
Thai Wah
Bangkok Starch
TCS Tapioca Starch Industry Co., Ltd.
Thanawat Group
North Eastern Starch
CP Intertrade
Chaiyaphum Plant Products
PT. Budi Starch & Sweetener

Cassava starch and pulp market players such as ROI ET Group, FOCOCEV, Guangxi High Starch Co., Ltd., Hung Duy, SPAC Tapioca, Banpong Tapioca, Thai Wah, Bangkok Starch, TCS Tapioca Starch Industry Co., Ltd., Thanawat Group, North Eastern Starch, CP Intertrade, Chaiyaphum Plant Products, and PT. Budi Starch & Sweetener contribute significantly to market growth through innovation, strategic partnerships, and expanded production capacity. By enhancing processing techniques and developing high-quality products, these companies meet rising demand in food, textile, and biofuels industries.

Moreover, establishing robust supply chains and engaging in sustainability practices attracts consumers and investors, further propelling market growth. Some companies have reported substantial sales revenues, such as Thai Wah with around $190 million and Bangkok Starch with revenues approximately at $140 million, showcasing their influential positions in the industry. Engaging in research and development will also enable players to innovate new applications for cassava starch and pulp, thereby broadening market opportunities. Through these efforts, the listed companies play a crucial role in expanding the cassava starch and pulp market.

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Cassava Starch and Pulp Regional Synopsis

North America:

United States

Canada

Europe:

Germany

France

U.K.

Italy

Russia

Asia-Pacific:

China

Japan

South Korea

India

Australia

China Taiwan

Indonesia

Thailand

Malaysia

Latin America:

Mexico

Brazil

Argentina Korea

Colombia

Middle East & Africa:

Turkey

Saudi

Arabia

Korea

The global cassava starch and pulp market is poised for significant growth, driven predominantly by demand from the Asia-Pacific region, particularly China and India, which together account for approximately 40% of market share. North America and Europe follow, with the United States and Germany contributing to 25% of the total market, as food industries increasingly adopt cassava-based products. Emerging markets in Latin America, specifically Brazil and Mexico, are also gaining traction, representing about 15% market share. The Middle East and Africa, led by Turkey and Saudi Arabia, are expected to contribute around 10% to growth, fueled by an expanding food processing sector.

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Market Segmentation Analysis 2024 - 2031

Cassava starch and pulp markets encompass two main products derived from cassava roots. Cassava starch is primarily used in food processing, textiles, and pharmaceuticals due to its thickening and stabilizing properties. In contrast, cassava pulp is a byproduct that finds application in animal feed, providing a nutritious supplement, and can be utilized in the production of fertilizer and renewable energy sources. Both products also serve various industries, contributing significantly to the economy and promoting sustainable practices.

In terms of Product Type, the Cassava Starch and Pulp market is segmented into: