Cassava starch boasts a wide array of applications and features, making it a versatile ingredient for various industries. Additionally, its industrial applications extend to textiles, paper, pharmaceuticals, and adhesives, because of its cost-effectiveness and diverse functional attributes. Cassava starch is prized for its sustainability, as it is sourced from a drought-resistant crop with low input requirements, making it an eco-friendly choice for manufacturers across different sectors.
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Data Bridge Market Research analyses that the Nigeria Cassava Starch Market is valued at 118.81 million in 2021 and is expected to reach USD 198.11 million by 2029, registering a CAGR of 6.66% during the forecast period of 2022 to 2029. The growing popularity of processed food products, such as bakery, snacks, and convenience foods, is driving the demand for cassava starch as a key ingredient in food processing.
Key Findings of the Study
Growing demand for gluten-free products is expected to drive the market's growth rate
Cassava starch is a valuable gluten-free alternative in various food products, making it highly sought-after by individuals with gluten intolerance or sensitivity. With its naturally gluten-free properties, cassava starch can be used as a thickener, binder, or stabilizer in a wide range of food items, including baked goods, sauces and processed foods. Its increasing popularity among consumers seeking gluten-free options has driven its demand in the food industry and contributed to the growth of the cassava starch market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Starch Hydrolysate, Native Starch, Modified starch), Form (Dry, Liquid), Grade (Food, Industrial, Feed), Function (Texturizing, Binding/Adhesion, Gelling, Stabilizing, Thickening, Moisture-Retention, Film Forming Agents, Sizing, Coating), Application (Food & Beverages, Industrial)
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Market Players Covered
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Tate & Lyle (U.K.), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), AGRANA Beteiligungs-AG (Austria), Devex (U.S), Visco Starch (India), Vaighai Agro (India), Aryan International. (India), Psaltry International Limited (Nigeria), Ekta International (India), Chorchaiwat Industry CO.,LTD (Thailand), Lentus Foods & Agro Ltd (Nigeria), Matna Foods Ltd. (Nigeria), KengSeng group of company (Thailand), Tapioca Vietnam (Vietnam), SPAC Starch Products (India), ADM (U.S), Chaiwat Industry Company Limited (Thailand)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
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Segment Analysis:
The Nigeria cassava starch market is segmented on the basis of type, form, grade, function, and application.
- On the basis of type of starch, the market is segmented into starch hydrolysate, Native Starch, and Modified starch.
- On the basis of application, the market is segmented into food and beverages and industrial.
- On the basis of form, the market is segmented into dry and liquid.
- On the basis of grade, the market is segmented into food, industrial, and feed.
- On the basis of function, the market is segmented into texturizing, binding/adhesion, gelling, stabilizing, thickening, and moisture-retention, film forming agents, sizing, and coating.
Major Players
Data Bridge Market Research recognizes the following companies as the major Nigeria cassava starch market players in Nigeria cassava starch market are Tate & Lyle (U.K.), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), AGRANA Beteiligungs-AG (Austria), Devex (U.S), Visco Starch (India), Vaighai Agro (India), Aryan International. (India), Psaltry International Limited (Nigeria),
Market Development
- In November 2019, Henan Doing Mechanical Equipment Co., Ltd. showcased its cassava processing machines at the China Commodities Expo-Nigeria in Lagos. The event featured the introduction of innovative production technology, new designs for cassava processing machines, and a range of other product offerings.
For more detailed information about the cassava starch market report, click here – https://www.databridgemarketresearch.com/reports/nigeria-cassava-starch-market
