Tapioca Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Tapioca Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : May, 2020 | Food and Beverages | PPT format

Report Digest


Global Tapioca Market: Overview 

The global tapioca market has witnessed a sharp rise in its growth, on account of the broad applications range in several industries. Tapioca is basically the starch, which is extracted from the cassava root. This cassava root is native to South America. However, tapioca is highly consumed as a staple food in a few tropical countries. But it is widely used for several manufacturing and industrial purposes, especially in the developed regions. Tapioca starch acts as a stabilizing and thickening agent. The importance of starch in the several dietary food has gained traction, which is turn is supporting the growth of the global tapioca market. 

In terms of applications, the global tapioca market is segmented into food and beverage, animal feed, and industrial. Among these applications, the animal feed segment accounts for the maximum share in the global tapioca market. This is attributed to the increasing prices of maize and several other animal feed. The research report analyzes various adoption trends, key drivers, future growth potentials, opportunities, and restraints in the global tapioca market. 

Global Tapioca Market: Notable Developments 

A few key developments positively influencing the growth of the global tapioca market include: 

  • American Key Food Products has started making a variety of desserts and puddings with using Tapioca. 
  • Several other companies in the global tapioca market are working on tapioca pearls and granulated tapioca for texturing and thickening of puddings and pie fillings. 

Some of the most prominent competitors operating in the competitive landscape of global tapioca market include –

  • Cargill
  • Tate&Lyle
  • Ingredion
  • Venus Starch Suppliers

Global Tapioca Market: Key Growth Drivers 

A list of primary drivers which help in triggering the growth of the global tapioca market in a positive way include: 

Increasing Awareness about Health Benefits to Foster Market’s Growth 

Tapioca starch is widely adopted in numerous commercial, industrial, and residential applications. Therefore, the growth of the global tapioca market is predominantly fueled by its extensive applications. Tapioca is enriched with carbohydrates and free from grain, nut, and gluten. Therefore, it plays a crucial role in preventing different types of food allergies, gluten sensitivities, and celiac diseases. Such medical benefits are also triggering the growth of the global tapioca market. Besides this, tapioca further helps in reducing the cholesterol levels in blood due to the presence of high amount of fiber in tapioca flour.  Moreover, tapioca aids in maintaining blood sugar level and preventing constipation. These factors are also influencing the staggering growth of the global tapioca market. 

Furthermore, tapioca flour is a great source of folate, calcium, iron, and manganese. These minerals are highly beneficial, especially for pregnant women. Additionally, these minerals help in metabolizing carbohydrates. These factors are also contributing demand in the global tapioca market. Tapioca further helps in extending the feelings of fullness and helps in avoiding overeating. Such advantages are also responsible for fueling growth of the global tapioca market. 

Rising Applications in Variable Industries to Boost Market 

A broad range of industrial applications of tapioca further helps in the rapid growth of the global tapioca market. Tapioca can be found in the form of dried or fresh. It has found its widespread applications as binding agent and bodying agent in food and beverages industry. Moreover, cassava pomace is highly used as animal feed. Tapioca chips, pearls, and pellets and tapioca flour is also highly used in the making of animal feed. These factors are also providing impetus to the growth of the global tapioca market. 

Global Tapioca Market: Regional Outlook 

With respect to geography, APEJ is expected to lead the global tapioca market in terms of consumption and demand generation. Along with this, rapid use of tapioca in several medical purposes in the countries such as India, Thailand, and China is also responsible for fueling growth in the tapioca market in this region. 

Application 

  • Animal feed
  • Food and beverage
  • Industrial 

Product type 

  • Tapioca animal feed
  • Tapioca flour
  • Tapioca chips, pellets, and pearls

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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