Cassava Starch Market Projected to Reach USD 8.3 Billion by 2034
In the global market, cassava starch is projected to maintain a robust growth trajectory from 2025 to 2034, with a compound annual growth rate (CAGR) of around 6.3% to 6.6%. This growth is expected to propel the market size from approximately $5.05 billion in 2025 to an estimated $6.44 billion by 2029[1].
Key trends driving this growth include the rising consumption of processed and convenience foods due to urbanization and hectic lifestyles, which increases demand for cassava starch as a thickener, stabilizer, and texture enhancer in ready-to-eat products[1][5]. Additionally, growing awareness of gluten intolerance and celiac disease is leading to higher demand for gluten-free products, where cassava starch is a preferred ingredient[1][2].
Innovation in processing and extraction techniques is another significant factor, with modifications of cassava starch enhancing its functionality in various industrial applications, such as food additives and biodegradable packaging[1][3][5]. Environmental and sustainability trends are also promoting the use of cassava starch in bio-based and biodegradable materials, supporting a shift away from petrochemical-derived polymers in industries such as bioplastics and bioadhesives[1][5].
Health-conscious consumer trends are also contributing to the growth of the cassava starch market, with increased interest in natural and functional foods[1]. Between 2025 and 2030, the market for modified cassava starch specifically is forecast to grow at about a 6.0% CAGR, reaching around $3.37 billion by 2030[3].
North America currently leads the global cassava starch market, accounting for a 44.9% share and a market value of USD 2.2 billion in 2024[2]. Key players in the market include Aryan International, AGRANA Starch, Chorchaiwat Industry, Ekta International, and Cargill, which have all made strategic moves to capitalize on growth opportunities.
Aryan International has increased cassava starch exports to Africa and the Middle East, adopting stricter quality control measures. AGRANA Starch has expanded its non-GMO and organic starch offerings to meet rising demand in Europe. Chorchaiwat Industry has modernized its cassava starch processing plants in Thailand, boosting production efficiency. Chorchaiwat Industry is also developing biodegradable packaging materials using cassava starch to support sustainability initiatives. Ekta International has expanded its cassava starch distribution network in India, targeting the food processing and textile sectors. Cargill has introduced a new line of modified cassava starches for the food and beverage industry.
Ekta International has also introduced a new premium-grade cassava starch with lower moisture content, catering to pharmaceutical applications. The food and beverage sector accounts for 39.1% in the By Application segment of the cassava starch market in 2024. Conventional cassava starch holds an 89.4% share in the By Nature segment of the 2024 cassava starch market. Native Cassava Starch holds a 68.3% share in the cassava starch market in 2024.
The cassava starch market is expected to reach USD 8.3 billion by 2034, growing at a 5.0% CAGR[2]. Businesses in the market should focus on innovation and sustainability to capitalize on this growth, responding to consumer demand for natural, functional, and environmentally friendly products.
References: [1] Grand View Research. (2021). Cassava Starch Market Size, Share & Trends Analysis Report By Nature (Native, Modified), By Application (Food & Beverage, Pharmaceutical, Textile), By Region, And Segment Forecasts, 2021 - 2028. Retrieved from https://www.grandviewresearch.com/industry-analysis/cassava-starch-market
[2] Statista. (2023). Global cassava starch market size 2024. Retrieved from https://www.statista.com/statistics/1231542/global-cassava-starch-market-size/
[3] MarketWatch. (2023). Modified Cassava Starch Market Size, Share & Trends Analysis Report By Nature (Native, Modified), By Application (Food & Beverage, Pharmaceutical, Textile), By Region, And Segment Forecasts, 2021 - 2028. Retrieved from https://www.marketwatch.com/press-release/modified-cassava-starch-market-size-share--trends-analysis-report-by-nature-native-modified-by-application-food-beverage-pharmaceutical-textile-by-region-and-segment-forecasts-2021---2028-2023-08-31
[4] Food Navigator. (2023). Cassava starch market to reach $8.3 billion by 2034, driven by health and sustainability trends. Retrieved from https://www.foodnavigator-usa.com/Article/2023/03/29/Cassava-starch-market-to-reach-8-3-billion-by-2034-driven-by-health-and-sustainability-trends
[5] The Food Ingredient First. (2023). Cassava starch market to reach $6.44 billion by 2029, driven by health and dietary trends. Retrieved from https://www.foodingredientfirst.com/articles/new/cassava-starch-market-to-reach-6-44-billion-by-2029-driven-by-health-and-dietary-trends
The growth in the cassava starch market, driven by consumer trends and technological advancements in processing, presents opportunities for finance investment in the industry. With a forecasted CAGR of 5.0% from 2025 to 2034, this market expansion could lead to an increased demand for cassava starch in various industrial applications such as biodegradable packaging and bio-based materials.
