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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.
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- Do you want to buy machine?
- Yes, I want to buy machine
- No, I want to learn more in advance.
- What is your raw material?
- Cassava
- Potato
- Sweet potato
- Other:
- What is the final product you want to produce?
- Chips
- Flour
- Starch
- What is the final product you want to produce?
- Garri
- Cassava flour
- Cassava starch
- Cassava chips
- Attiekie
- Bammy
- Other:
- What is your planned capacity for final product?
- <1 ton per day
- 1 ton per day
- 2 tons per day
- 3 tons per day
- 3-10 tons per da
- 10-20 tons per day
- >20 tons per day
- What is the usage of your cassava chips?
- Food usage (like fried chips, flour)
- Industrial usage (like animal feeds, ethanol)
- What is your planned capacity for final product?
- <5 ton per hour
- 5-10 tons per hour
- >10 tons per hour
- What is your planned capacity for final product?
- <500 kg per hour
- 0.5-5 ton per hour
- 5-10 ton per hour
- >10 ton per hour
- What is your planned capacity for final product?
- <300 kg per hour
- 300-1000 kg per hour
- 1-5 ton per hour
- 5-10 ton per hour
- >10 ton per hour