Asia Pacific Cassava Starch Market to Grow at a CAGR of 6.35% During 2024โ2032
CHICAGO, UNITED STATES, August 2, 2024 /
EINPresswire.com/ -- The
๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐ฌ๐๐ฏ๐ ๐ฌ๐ญ๐๐ซ๐๐ก ๐ฆ๐๐ซ๐ค๐๐ญ achieved a valuation of ๐๐$ ๐,๐๐๐.๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐๐๐๐. According to a recent market analysis, the market is anticipated to reach a valuation of ๐๐$ ๐,๐๐๐.๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐. This robust growth represents a compound annual growth rate (๐๐๐๐) ๐จ๐ ๐.๐๐% during the forecast period from ๐๐๐๐ ๐ญ๐จ ๐๐๐๐.
๐๐ก๐ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐-
https://www.astuteanalytica.com/request-sample/asia-pacific-cassava-starch-market
The expansion of the cassava starch market in the Asia Pacific region is driven by increasing demand for cassava-based products in various industries, including food and beverage, pharmaceuticals, and textiles. The versatility of cassava starch as a thickening agent and its applications in diverse sectors are contributing to the market's positive outlook.
๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
๐๐ซ๐ข๐ฏ๐๐ซ: ๐๐จ๐จ๐ฆ๐ข๐ง๐ ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐๐ฌ๐ฌ๐๐ฏ๐ ๐๐ญ๐๐ซ๐๐ก ๐๐๐ซ๐จ๐ฌ๐ฌ ๐๐๐ฏ๐๐ซ๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฌ
The versatile applications of cassava starch in the Asia-Pacific region such as food and beverage, textiles, paper, pharmaceuticals are responsible for its unprecedented growth in the cassava starch market. This was mainly driven by the food and beverages sector which accounted for 34.72% only considering that people consume more processed foods where it is used widely as an ingredient. This demand has also been stimulated by wealthier consumers who have spent about 7.2% more over last year alone on goods within this area.
In 2023, cassava starch accounted for 18% of the market demand in the textile industry. They can also serve as adhesives in paper making, which occupies 12% market share. Its role as a binder and disintegrant in tablets led to a growth rate of 4% among pharmaceutical companies this year employing them. Thailand is one such country that produces it; together with Vietnam and Indonesia they make up two-thirds (65%) of regional production output by volume as at 2023. For these three nations alone, exports were worth $2.,9bn during this same period showing an increase from last yearโs figure by 6.3%.
๐๐ซ๐๐ง๐: ๐๐ก๐ ๐๐ข๐ฌ๐ ๐จ๐ ๐๐ฅ๐๐๐ง ๐๐๐๐๐ฅ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ
The clean label movement has become extremely popular throughout the Asia-Pacific cassava starch market and this is changing the demand for cassava starch. People want goods that have natural components which are easy to identify as they are said to be healthier than artificial ones hence prompting manufacturers to change how they make these items. In terms of percentages; among all newly launched food and beverage products in 2023 under a clean label claim were about 55%. This organic allergen-free ingredient fits perfectly well into such criteria where its use within clean labeling increased by 7% in 2023. The market value for clean labels ingredients used in Asia Pacific was estimated at $4,300 million during 2023 and is projected to keep growing at a CAGR of around 6% from 2024 till 2032.
Health-conscious consumers are driving this trend, with 68% of consumers in the region expressing a preference for products with no artificial additives. The demand for gluten-free products, where cassava starch is a key ingredient, surged by 8.4% in 2023. In the baby food segment, the inclusion of cassava starch in formulations increased by 6.7%, reflecting parents' preference for natural ingredients. The cosmetic industry also saw a 5.9% increase in the use of cassava starch in clean label products. Additionally, the clean label trend has led to a 4.2% rise in the adoption of cassava starch in meat alternatives and plant-based products.
๐
๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐ฌ๐๐ฏ๐ ๐ฌ๐ญ๐๐ซ๐๐ก ๐ฆ๐๐ซ๐ค๐๐ญ, ๐ข๐ง๐๐ฅ๐ฎ๐๐ข๐ง๐ ๐ญ๐ซ๐๐ง๐๐ฌ, ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ, ๐๐ง๐ ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐ฅ๐๐ง๐๐ฌ๐๐๐ฉ๐, ๐ฉ๐ฅ๐๐๐ฌ๐ ๐ซ๐๐๐๐ซ ๐ญ๐จ ๐ญ๐ก๐ ๐๐ฎ๐ฅ๐ฅ ๐ซ๐๐ฉ๐จ๐ซ๐ญ:-
https://www.astuteanalytica.com/industry-report/asia-pacific-cassava-starch-market
The report highlights several key factors influencing the market growth, including technological advancements in cassava starch production, rising consumer awareness regarding the benefits of natural and organic ingredients, and supportive government policies in major producing countries.
โข ADM
โข AGRANA Beteiligungs-AG
โข Cargill, Incorporated.
โข Chorchaiwat Industry Co., Ltd.
โข Ekta International
โข Global Sweeteners Holdings Ltd
โข Ingredion Inc.
โข KengSeng group of company
โข SPAC Starch Products (India) Ltd
โข Viet Delta
โข Visco Starch
โข Other Prominent Players
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐
โข Native
โข Modified
โข Sweetener
๐๐ฒ ๐๐๐ญ๐ฎ๐ซ๐
โข Organic
โข Conventional
๐๐ฒ ๐๐ซ๐๐๐
โข Food Grade
โข Medical Grade
โข Industrial Grade
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
โข Food and Beverages
โข Pharmaceuticals
โข Animal Feed
โข Cosmetics
โข Paper
โข Textiles
โข Chemical
โข Biodegradable Materials
โข Adhesives and Glue
โข Others
๐๐ฒ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ
โข Online
โข Offline
o Direct
o Distributors
๐๐ฒ ๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ
โข China
โข India
โข Japan
โข South Korea
โข Australia & New Zealand
โข ASEAN
โข Rest of APAC
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐
๐๐๐ฉ๐จ๐ซ๐ญ@-
https://www.astuteanalytica.com/request-sample/asia-pacific-cassava-starch-market
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