Tapioca Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Global Tapioca Market: Snapshot
The tapioca market is projected to experience various growth opportunities in the upcoming years. Owing to the broad applications of tapioca in different industries, the market is predicted to grow rapidly. Tapioca is free from gluten, nut, and grain and rich in carbohydrates. Thus, it plays a pivotal role to prevent various types of celiac diseases, gluten sensitivities, and food allergies. Owing to these medical benefits, the tapioca market is likely to boost significant growth opportunities.
Tapioca is the starch that has been extracted from the roots of cassava. It is native to the South Africa region. Tapioca is also used as a staple food in different tropical countries. But several manufacturers and industrial companies are using it for multiple purposes in developed regions. Tapioca starch is also utilized as a thickening and stabilizing agent. Thus the increasing application of starch in different dietary food is expected to gain traction. Owing to these factors, the tapioca market is estimated to bring growth opportunities in the upcoming years.
On the basis of applications, the tapioca market is bifurcated into industrial, animal feed, and food and beverage. Among these applications, the maximum share in the market is held by the animal feed segment. This market dominance is on the back of rising prices of maize and different other animal feed.
Tapioca starch is extensively used in various residential, industrial, and commercial applications. Owing to this wide application, the tapioca market is experiencing various growth opportunities in the upcoming years. Further, tapioca is also helpful to reduce the level of cholesterol in the blood because of the presence of the increased amount of fiber. In addition to this, tapioca also aids to maintain the level of blood sugar and also prevents constipation. Thus, with the underlying health benefits, the tapioca market is predicted to boost expansion opportunities in the forthcoming years.
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:
Some of the most prominent competitors operating in the competitive landscape of global tapioca market include –
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.
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