Overview of Cassava Starch Market
The Nigerian Cassava Starch Market presents a dynamic landscape, underpinned by the country’s status as the world’s largest producer of cassava. This essential crop serves as a critical raw material for a diverse range of industrial applications, making its starch derivative a pivotal commodity. The market is driven by increasing domestic demand, particularly from the food processing, pharmaceutical, and textile sectors, often replacing imported grain-based starches like corn.
The core growth driver is the government's push for import substitution and local content development, which encourages industries to source starch domestically.
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Market Size of Cassava Starch Market
According to recent analysis, the Nigeria cassava starch market, valued at USD 126.65 million in 2022, is projected to reach USD 163.07 million by 2030. This expansion is anticipated to occur at a Compound Annual Growth Rate (CAGR) of 3.21% during the forecast period.
While this CAGR reflects steady growth, the high current production of raw cassava contrasts with a persistent deficit in industrial-grade starch, suggesting significant untapped potential for local processing capacity.
Data Forecast Summary (Extrapolated to 2025):
Given the 3.21% CAGR over the 2022-2030 period, the market size can be reasonably estimated for the forecast year 2025.
Metric | Year | Value (USD Million) |
Base Market Size | 2022 | 126.65 |
Projected Market Size | 2025 | ~139.30 |
Forecast Market Size | 2030 | 163.07 |
CAGR (2022-2030) | N/A | 3.21% |
Market Segmentation of Cassava Starch Market
The market is segmented primarily based on Type (Native Starch, Modified Starch, and Starch Hydrolysates) and Application (Food and Beverages, and Industrial).
The largest share belongs to the Food and Beverages segment, where native cassava starch and its derivatives are widely used as thickening, binding, and texturizing agents in products like snacks, noodles, soups, and confectionery. Furthermore, as an inherently gluten-free ingredient, it sees rising demand in healthy and specialty food formulations.
However, the Industrial segment—which includes paper, textiles, adhesives, and pharmaceuticals—is expected to be the fastest-growing application area due to its increasing use in products requiring high-quality binding properties and biodegradability.
The demand for Modified Cassava Starch Market (LSI Keyword) is particularly strong in non-food industries, as modification enhances stability, viscosity, and heat resistance, making it suitable for high-specification industrial processes.
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Key Players of Cassava Starch Market
The Nigerian market features both domestic and international players. Key players globally and those with a presence in Nigeria include companies like
- 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)
The market faces challenges, primarily relying on smallholder farmers, which subjects raw material supply to agricultural dependence, including weather and logistics issues.
However, opportunities abound in vertical integration, investment in modern processing technology, and government policies aimed at local sourcing. The long-term trajectory is positive, supported by population growth and sustained expansion in the Nigerian manufacturing sector.
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outlook
The Nigeria cassava starch market is on a firm growth path, demonstrating a resilient CAGR of 3.21% towards a projected value of USD 163.07 million by 2030. The market's future expansion relies heavily on its ability to overcome raw material supply constraints and scale up the domestic production of high-grade, modified starches for industrial use, a factor that will ultimately boost its role as a key player in the global commodity market.
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