According to latest report, titled “Nigeria Cassava Starch Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2027” The market is supposed to witness growth during the forecast period due to growing demand at the end user level. Geographical areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa are also considered for the market analysis.
Cassava starch market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.1% in the forecast period of 2020 to 2027 and expected to reach USD 118.81 million by 2027. High production of cassava crop owing to supporting weather condition and increasing industrialisation is driving the market growth.
The major players profiled in this report include: Nsmfoodslimited, Matna Foods LTD, Ingredion Incorporated, Cargill, Incorporated, ADM and Tate & Lyle among other domestic and global players.
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The titled segments and sub-section of the market are illuminated below:
- By 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)
Increasing production of cassava and imposed restriction on cassava starch import in Nigeria is making country a rich source for cassava starch raw material. High availability of the cassava at lower price is increasing its consumption in Nigerian market as well as export in other countries which in result is driving the overall market growth.
This cassava starch market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Major highlights of the report:
- All-inclusive evaluation of the parent market
- Evolution of significant market aspects
- Industry-wide investigation of market segments
- Assessment of market value and volume in past, present, and forecast years
- Evaluation of market share
- Study of niche industrial sectors
- Tactical approaches of market leaders
- Lucrative strategies to help companies strengthen their position in the market
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Why you should buy this report?
- This report offers a concise analysis of the Nigeria Cassava Starch market for the last 5 years with historical data and more accurate prediction for upcoming 6 years on the basis of statistical information.
- This report helps you to understand the market components by offering a cohesive framework of the key players and their competition dynamics as well as strategies.
- The report is a complete guideline for the clients to arrive an informed business decision since it consists of a detailed information for better understandings of the current and future market situation.
Cassava starch Market Country Level Analysis
Cassava starch market is analysed and market size information is provided by type, form, grade, function and application as referenced above.
The increasing production of cassava crops such as it witnessed growth of 7.7 percent in 2017 over previous year 2016 is augmenting the market growth. The growing production of cassava crops required for starch production in Nigeria is attracting the major investments in market from foreign as well as domestic investors.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
In November 2019, Henan Doing Mechanical Equipment Co.,Ltd showcased their cassava processing machines in the China Commodities Expo-Nigeria 2019 conducted at Lagos, Nigeria. The company introduced new production technology, new design cassava processing machines and other product offering. Company is expanding their business in Nigeria owing to increased demand of cassava starch in Nigeria market.
In July 2018, ADM introduced new tapioca starches and tapioca maltodextrin ingredients by partnering with Vedan International Limited. The tapioca starches get derived from the cassava starches produced to meet the demand of customers preferring plant-based starches. Company strengthened their product portfolio which helped them to increase customer base having requirement of plant-based starches.
Table of Contents –Analysis of Key Points
Market Overview, Development, and Segment by Type, Application & Region
Global Market by company, Type, Application & Geography
Asia-Pacific Market by Type, Application & Geography
Europe Market by Type, Application & Geography
North America Market by Type, Application & Geography
South America Market by Type, Application & Geography
Middle East & Africa Market by Type, Application & Geography
Company information, Sales, Cost, Margin etc.
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