Starchy roots such as sweet potato, potato, and yam have witnessed remarkable adoption as staple foods in the sub-tropical and tropical regions worldwide. As contribution of starchy roots in energy supply to humans varies across nations based on different consumption trends, the starchy roots market will continue to witness a moderate growth, according to a recent Fact.MR study. The Food and Agricultural Organization (FAO) has stated Asia to be leading producer of starchy roots, followed by Africa, Europe and North America.
The FAO estimates Asian and African countries to account for 43% and 33% of worldwide production of roots and tubers respectively. Apart from their consumption as energy food, emerging applications of starchy roots in non-food and food industries are likely to drive the starchy roots market. However, the starchy roots market will grow within the confines of limited market margin, and constrained scope of innovation.
Over 1,088,690,000 tons of starchy roots are envisaged to be sold worldwide by 2028-end, according to Fact.MR study. Presence of bioactive constituents that include phytic acids, glycoalkaloids, bioactive proteins, saponins, and phenolic compounds, have been complementing consumption of starchy roots across the globe. Additionally, numerous health benefits of starchy roots including antimicrobial and antioxidative properties, combined with their traditional use as medicines in Asian countries have been significantly driving their popularity.
Starchy Roots Market: Growing Preference for Fresh Food and Clean Labels Fostering Growth
With growing preference for fresh food brands among consumers, plant-based diet has been gaining immense traction in recent years. Consumers are now inclining from processed & packaged foods to fresh foods, with growing anxiety about food quality and health risks. This has further led to establishment of more direct farm-to-consumer link in supply chain, which in turn has favored growth of the starchy roots market. Immense opportunities exist for local farmers in the starchy roots market, as fresh products delivery is sought-after among consumers.
Growing popularity of clean labels has driven the adoption of starchy roots such as cassava, which has gained increased momentum over the recent past in light of its healthier, natural, and safer starch. As consumer seek clean label products, along with quality and taste, starchy roots are gaining traction as the best alternative to modified starches used in most processed food products. As starchy roots gain high popularity, food manufacturers have employed novel processing methods, and introduced innovative packaging solutions that fall in line with clean label trends.
New recipes with distinct flavors that involve use of starchy roots have been introduced in the market. Key stakeholders in the starchy roots market are experimenting to deliver different forms of starchy roots-based snacks, in a bid to compete with established manufacturers of corn snack products.
Starchy Roots Market: Static Productivity of Root Crops to Confine Growth
Roots and tuber crops, or starchy roots, have been historically ignored by national governments, which in turn has led to lower priority for R&D. This has also inhibited implementation of advanced agro-technological approaches for enhancing productivity of starchy roots. For example, cassava is still considered as a refuge crops among farmers against the backdrop of the prominence of other established commodity crops such as cocoa, coconut, oil palm, and coffee. This has led to a static development of starchy roots worldwide.
Recognizing the potential of the starchy roots market, and challenges impeding its growth prospects, the field of root crop cultivation has recently been receiving adequate attention in terms of changes in government policies. Policies related to agricultural development, trade and research are among key areas while making the changes. The National Agriculture Research Institute, Highlands Regional Centre, Papua New Guinea has proposed adoption of a value chain approach, driven by market demands for fresh and processed root crops to resolve the issues of static productivity.
Starchy Roots’ Potential in Dietary Energy to Augment its Market Growth
Growth of the starchy roots market will continue to be driven by inherent attributes of root crops such as high carbohydrate content, which tends to be an economical source of dietary energy. Although high moisture content in starchy roots has meant that energy offered is nearly one-third of an equivalent weight of wheat or rice. On the contrary, high yields of starchy roots enable more energy per land unit as compared to cereal grains. This is likely to pave new avenues for growth of the starchy roots market in the foreseeable future.
Starchy roots such as cassava seek adoption as a bodying agent in several commercially available infant nutritional supplements and baby food products. As starchy roots such as cassava offer gluten-free and organic starch, their adoption in functional foods and baby foods has witnessed high rate in recent years, Expansion of the starchy roots market will continue to remain impacted by rising levels of working women, coupled with increasing demand for nutritional supplements for infants.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR
The starchy roots market is set to observe the emergence of many trends which are expected to shape demand & supply scenario of the starchy roots across the globe. A recently published analytical research report of Fact.MR sheds light on few key trends that are likely to influence future growth of the starchy roots market. The report also elucidates the potential growth avenues for the starchy roots worldwide, thereby enabling the report readers to make fact-based business decisions.
The report on the starchy roots market is a lucid market intelligence on key growth determinants, challenges, industry trends & opportunities, and growth deterrents. These factors have been elaborated to make readers better understand the intensity of the impact that they will pose on expansion of the starchy roots market. The report begins with an executive summary that imparts a radical view on current and future prospects of the starchy roots market, along with accurate values apropos of the market segments incorporated.
An overview chapter – in light of current IT industry scenario – unveils interesting facets appertaining to increase in the number of starchy roots across key regional markets. In-depth insights have been delivered on key indicators of the starchy roots market, which have been derived through the business performance analysis, value chain analysis and supply chain analysis related to starchy roots around the world. A succinct list of prominent companies operating in the starchy roots market compliments credibility of this exhaustive market study.
Starchy Roots Market: Exhaustive Research via Proven & Tested Approach
This comprehensive research study on the starchy roots market is underpinned by a proven and robust research methodology as well as precise assessment factors. Fact.MR’s analysts have leveraged key starchy roots market indicators and examined intricate aspects of the starchy roots market for providing in-depth insights on performance of the starchy roots market in the period of forecast.
An investment feasibility matrix offers vital information to stakeholders of the starchy roots market with regard to key regional markets, thereby aiding their investment decisions. Porter’s Five Forces Analysis is used to study competitive forces impacting growth of the starchy roots market; the PESTLE analysis studies external factors affecting the starchy roots market.
The report also offers detailed forecast on the starchy roots market, by categorizing the forecasts based on an optimistic scenario, likely scenario, and conservative scenario. Price point analysis and regional assessment, coupled with analysis on different types of starchy roots have also been highlighted in this report.
Starchy Roots Market: Extensive Analysis with Accurate Insights
The current and future outlook of the starchy roots market comprising the current and projected market value, volume forecast and analysis, price index, and assessment of the regional demand for starchy roots has been extensively covered in a dedicated section of this report on the starchy roots market. The valuation of the global as well as regional markets for starchy roots is captured in US$ Million.
The volume data is captured in terms of the number of starchy roots produced and sold in the market. A year-on-year growth comparison, along with a market attractiveness analysis quantifies the insights presented in the report. Aforementioned metrics have also been tracked on the basis of nature, product type, sales channel, application, and end-use.
Starchy Roots Market: Regional Assessment
The report on the starchy roots market includes detailed sections that present the forecast for the various regional markets for starchy roots. These sections throw light on the regional macros, including political, economic, and business environment outlook, which will definitely impact the growth in sales of starchy roots.
Market valuation, volume forecast and analysis, price index and price point assessment, impact assessment of starchy roots market factors, and a country wise assessment of the demand for starchy roots have been tracked for each regional starchy roots market. Besides this, the Y-o-Y growth projections by starchy roots type, design, service provider, and application for all the regional markets for starchy roots are included in this study.
Starchy roots Market: Competitor Landscape
This Fact.MR report on the starchy roots market features a section on the companies currently operating in the market for starchy roots across the world. A dashboard view of competition includes important information on the leading players engaged in the manufacturing and distribution of starchy roots across key regional markets. Market share analysis of these top players presents the readers with useful insights on which company is currently dominating the starchy roots market.
Top company profiles are also included in this section with details such as starchy roots production facilities along with a detailed SWOT analysis. A market intensity mapping of key participants in the starchy roots market provides useful information for the market players to understand the current starchy roots market structure as well as the various forces determining competition levels in the starchy roots market.
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