“Global Organic Cassava Starch Market to reach a market value of USD 3.7 Billion by 2031 growing at a CAGR of 3.8%”
The Global Organic Cassava Starch Market size is expected to reach $3.7 billion by 2031, rising at a market growth of 3.8% CAGR during the forecast period. In the year 2023, the market attained a volume of 207,602.6 tonnes experiencing a growth of 16.4% (2020-2023).
Beyond food, organic cassava starch has applications in various North American non-food industries. It is a biodegradable and sustainable ingredient in pharmaceuticals, personal care products, textiles, paper manufacturing, and bioplastics. Consequently, the North American region would acquire nearly 30% of the total market share by 2031. Also, the US market would consume 37,789.17 tonnes of native starch by 2031.
Cassava starch is inherently gluten-free, making it a suitable option for individuals with celiac disease or gluten intolerance. In addition, cassava starch contains a higher amount of dietary fiber compared to refined starches. Therefore, high health and nutritional benefits are propelling the market’s growth.
Additionally, Consumers' growing health consciousness has increased demand for organic food products, driven by concerns about chemical residues from pesticides and fertilizers commonly used in conventional farming. Clean label trends emphasize transparency in food ingredients and production methods. With its natural and minimal processing approach, starch aligns with clean label preferences. Thus, increasing consumer demand for organic products drives the market's growth.
However, Organic farming methods typically require more labor-intensive practices than conventional agriculture. Furthermore, organic farming often operates at smaller scales than conventional agriculture, limiting economies of scale. In conclusion, the higher cost of organic production is hindering market growth.
On the basis of end-use industry, the starch market is segmented into food processing, textile, chemical & pharmaceutical, and others. In 2023, the chemical & pharmaceutical segment attained 29% revenue share in the market. In pharmaceutical applications, this starch is a binder and is excipient in tablet formulations.
Based on type, the market is divided into native and pre-gelatinized. The pre-gelatinized segment attained 40% revenue share in the market in 2023. Also, the segment registered a volume of 76,273.2 tonnes in 2023. Pre-gelatinized organic cassava starch is already cooked and gelatinized during processing, which means it dissolves easily in cold water or other liquids without heat.
Free Valuable Insights: Global Organic Cassava Starch Market size to reach USD 3.7 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region witnessed 37% revenue share in the market in 2023. With a rapidly growing population and rising disposable incomes, consumers in the Asia Pacific are increasingly adopting healthier lifestyles and seeking natural, organic, and clean-label food products.
Report Attribute | Details |
---|---|
Market size value in 2023 | USD 2.8 Billion |
Market size forecast in 2031 | USD 3.7 Billion |
Base Year | 2023 |
Historical Period | 2020 to 2022 |
Forecast Period | 2024 to 2031 |
Revenue Growth Rate | CAGR of 3.8% from 2024 to 2031 |
Quantitative Data | Volume in Tonnes, Revenue in USD Billion, and CAGR from 2024 to 2031 |
Number of Pages | 242 |
Number of Tables | 509 |
Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
Segments covered | Type, End-use Industry, Region |
Country scope |
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Companies Included | Tate & Lyle PLC, Ingredion Incorporated, Chorchaiwat Industry CO.,LTD., Roquette Freres SA, Cargill, Incorporated, Ekta International, Archer Daniels Midland Company, Ciranda, Inc. and Tereos S.A |
By Type (Volume, Tonnes, USD Billion, 2020-2031)
By End-use Industry (Volume, Tonnes, USD Billion, 2020-2031)
By Geography (Volume, Tonnes, USD Billion, 2020-2031)
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