India Cassava Sweeteners and Derivatives Market – By Product Type , By Application , Paper and Packaging, Textile, Adhesives, Chemicals, Pharmaceuticals, Animal Feed and Agriculture, Personal Care and Cosmetics, Others, By Geography – India Opportunity Analysis & Industry Forecast, 2024-2030

India Cassava Sweeteners and Derivatives Market Overview:

India Cassava Sweeteners and Derivatives Market size is estimated to reach $71.2 million by 2030, growing at a CAGR of 9.1% during the forecast period 2024-2030. The market for cassava sweeteners and derivatives in India is primarily driven by the increasing demand for natural and plant-based sweeteners in food and beverage industries. With a growing health-conscious consumer base, there is a shift away from synthetic sweeteners towards more natural alternatives like cassava-derived sweeteners, known for their low glycemic index and health benefits. The expanding awareness of cassava's nutritional advantages, including its gluten-free and allergen-free properties, also fuels its adoption in various food products.

The India Cassava sweeteners and derivatives market is experiencing significant expansion primarily due to a convergence of favorable factors driving growth in this sector. Cassava, known for its high carbohydrate content, is increasingly being utilized to produce sweeteners and derivatives such as starch, which are essential in various industries including food and beverages, pharmaceuticals, and textiles. The market's growth is largely attributed to the rising demand for natural and organic sweeteners, driven by consumer preferences for healthier and more sustainable food options. According to India Brand Equity Foundation India's food processing business is one of the world's largest, with revenues estimated to reach $535 billion by 2025-26. Two global consumer megatrends are driving the increase in processed food consumption. Firstly, Increasing desire for convenience and a rising emphasis on health and wellbeing. Additionally, cassava-based products are gaining popularity due to their non-GMO status and gluten-free properties, catering to the needs of health-conscious consumers and those with dietary restrictions.

Market Snapshot: 
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India Cassava Sweeteners and Derivatives Market - Report Coverage:

The “India Cassava Sweeteners and Derivatives Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the India Cassava Sweeteners and Derivatives Market.

COVID-19 / Ukraine Crisis - Impact Analysis:  

• The COVID-19 pandemic significantly disrupted the cassava sweeteners and derivatives market in India, impacting both production and supply chains. Lockdowns and restrictions hindered the harvesting and transportation of cassava, causing supply shortages. Consequently, manufacturers faced challenges in maintaining production levels, which led to increased costs and reduced market availability. Additionally, the closure of hotels, restaurants, and cafes during the pandemic decreased the demand for sweeteners, affecting market dynamics. Despite these challenges, there was a notable shift towards healthier eating habits and increased consumption of packaged foods, which include cassava derivatives as ingredients.
• The Russia-Ukraine conflict has notably disrupted global supply chains, causing significant shifts in the Indian cassava sweeteners and derivatives market. The conflict has led to increased production costs due to higher energy prices and logistical challenges, thereby straining raw material availability and transportation. Additionally, the market has faced heightened competition for alternative sweeteners as global supplies were redirected.

Key Takeaways:

• Cassava Syrup is Leading the Market

Cassava Syrup accounted for the largest share in 2023 and is estimated to reach $19 million by 2030. Cassava syrup has emerged as a prominent product in India's sweeteners and derivatives market, owing to its versatile applications and growing consumer preference for natural alternatives. As consumers increasingly prioritize health-conscious choices, cassava syrup offers a compelling proposition as a natural sweetener with lower glycemic index compared to traditional sugars. Its popularity stems from being gluten-free and suitable for various dietary preferences, including vegan and paleo diets. Moreover, the sustainable cultivation of cassava aligns with global trends towards environmentally friendly practices, appealing to ethically conscious consumers. In the food industry, cassava syrup finds extensive use in confectionery, bakery, and beverage sectors, enhancing flavors while providing a clean label solution for manufacturers.

• Cassava Maltose to Register Highest Growth

Cassava Maltose segment is analyzed to grow with the highest CAGR 10.9% in the India Cassava Sweeteners and Derivatives Market during the forecast period 2024-2030. In the evolving landscape of India's cassava sweeteners and derivatives market, Cassava Maltose emerges as a frontrunner poised for substantial growth. This particular type of cassava-derived sweetener stands out due to its versatility and increased consumer preference for healthier, plant-based alternatives. Cassava Maltose offers notable advantages such as its natural sourcing, which aligns with the rising demand for organic and sustainable products among health-conscious consumers. Moreover, its applicability spans across various industries including food and beverages, pharmaceuticals, and even cosmetics, enhancing its market appeal and growth prospects. The strategic positioning of Cassava Maltose as a reliable substitute for traditional sweeteners like sugar and corn syrup further boosts its market potential.

Increasing Demand for Natural Sweeteners Is Driving the Market Growth.

The India cassava sweeteners and derivatives market is experiencing a significant surge driven by the escalating demand for natural sweeteners. Consumers are increasingly prioritizing health-conscious choices, fueling the market's shift towards natural alternatives over synthetic sweeteners. This trend is particularly pronounced in India, where traditional dietary preferences emphasize natural ingredients. Cassava, with its rich source of natural sugars and versatility in processing, has become a pivotal player in meeting this demand. The market's growth is also supported by the food and beverage industry's inclination towards clean label products, promoting transparency and natural sourcing. This shift not only caters to changing consumer preferences but also aligns with global health and wellness trends. As the market continues to evolve, stakeholders are exploring innovative extraction and processing techniques to enhance the quality and purity of cassava-derived sweeteners.

•  Inadequate Storage and Transportation Facilities as A Major Challenge

Inadequate storage and transportation facilities pose significant challenges in India's cassava sweeteners and derivatives market. The lack of proper storage infrastructure leads to spoilage and quality deterioration of cassava, impacting the overall supply chain efficiency. Without adequate facilities such as cold storage or controlled humidity environments, cassava products are susceptible to mold and decay, reducing their shelf life and market value. Similarly, inadequate transportation networks hinder the timely delivery of cassava from farms to processing plants and then to distribution centers and markets. Poor road conditions and insufficient refrigerated transport options exacerbate these issues, resulting in delays and potential loss of product quality during transit.

India Cassava Sweeteners and Derivatives Market Share (%) By Product Type, 2023

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Key Market Players: 

Product launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the India Cassava Sweeteners and Derivatives Market. The top 10 companies in this industry are listed below:

1.  Everest Starch
2.  Prakash Starch Products
3. General Starch Limited
4. SMS Corporation
5.  Vijaya Lakshmi Adhesives
6.  Ingredion
7. Varalakshmi Starch Industries
8. SVM Cassava
9. Angel Starch and Food
10. Blue Craft Agro

Scope of the Report: