GCC Cassava Starch Market Overview:
The GCC cassava starch market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. The market is projected to register a CAGR of X% during 2023-2028, reaching US$ XX Billion by 2028. Cassava starch is a type of starch that is generally derived from the root of the cassava plant. The root is peeled, dried, ground into a powder, and then filtered and processed to remove impurities, which are further sifted and dried into the form of cassava starch. It is a powdery white substance that is widely used in cooking and baking due to its high carbohydrate content and ability to act as a thickening agent. It is commonly utilized in many recipes and can be found in various food products, such as bread and noodles. It mainly comprises carbohydrates and is also a rich source of dietary fiber, along with vitamins, minerals, calcium, iron, magnesium, phosphorus, and potassium. As a result, it is added to the preparation of sauces, soups, and stews. Due to the gluten-free and non-allergenic properties of cassava starch, there has been a considerable rise in its demand among the masses.
The escalating demand for cassava starch from the industrial sector majorly drives the GCC market. This can be supported by the increasing product utilization in the manufacturing of adhesives, bioplastics, textiles, food and beverages, and paper. Along with this, the growing demand for convenience foods or ready-to-eat (RTE) food products, especially among the working population due to the rising preference for quick, easy, and healthy meal options, is propelling the market. Along with this, escalating consumer inclination toward vegan and gluten-free food products is propelling the demand for cassava starch among individuals. Moreover, the rising adoption of biofuels in automobiles as a result of stringent government regulations to decrease carbon emissions of vehicles is creating a positive market outlook. Other factors, including rapid industrialization, increasing awareness among the masses and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market across the GCC region.
Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC cassava starch market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC cassava starch market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC cassava starch market in detail for latest trends, outlook and opportunities.
The report analyses the competitive structure of the GCC cassava starch market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC cassava starch market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC cassava starch market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC cassava starch market industry. Furthermore, the value chain analysis of the GCC cassava starch market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
GCC Cassava Starch Market Segment Insights:
The GCC cassava starch market has been analysed as followed:
Segmentation by End-Use:
Segmentation by Country:
Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Highlights of the GCC Cassava starch Market Report:
The GCC cassava starch market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.
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