NEW
YORK, July 1, 2024 /PRNewswire/ -- The global
tapioca market size is estimated to grow by USD 44.2 million from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of 4.42%
during the forecast period. Alternative to gluten and grain food
products is driving market growth, with a trend towards usage of
tapioca in bioplastics. However, complexities related to over
consumption poses a challenge. Key market players include American
Key Products Inc., Authentic Foods, Cargill Inc., Ciranda Inc.,
Ekta International, Emsland Starke GmbH, Hunan Kang pharmaceutical
Ltd., Ingredion Inc., Jayavel Sago Factory, KengSeng Group of Co.,
Malt Products Corp., Parchem Fine and Specialty Chemicals Inc., PT
Budi Starch and Sweetener Tbk, Royal Ingredients Group BV, Sonish
Starch Technology Co. Ltd., SPAC Starch Products India Pvt. Ltd.,
Tapioca Vietnam, Tate and Lyle PLC, Tereos Participations, and
Venus Starch Suppliers.
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Tapioca Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
4.42%
|
Market growth
2024-2028
|
USD 44.2
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
4.16
|
Regional
analysis
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 53%
|
Key
countries
|
India, US, France,
Thailand, and Indonesia
|
Key companies
profiled
|
American Key Products
Inc., Authentic Foods, Cargill Inc., Ciranda Inc., Ekta
International, Emsland Starke GmbH, Hunan Kang pharmaceutical Ltd.,
Ingredion Inc., Jayavel Sago Factory, KengSeng Group of Co., Malt
Products Corp., Parchem Fine and Specialty Chemicals Inc., PT Budi
Starch and Sweetener Tbk, Royal Ingredients Group BV, Sonish Starch
Technology Co. Ltd., SPAC Starch Products India Pvt. Ltd., Tapioca
Vietnam, Tate and Lyle PLC, Tereos Participations, and Venus Starch
Suppliers
|
Market Driver
Tapioca, a stable and degradable biomass, significantly
contributes to the production of biodegradable bioplastics. These
bioplastics, derived from tapioca, exhibit desirable properties
such as odorlessness, smoothness, and transparency. The increasing
utilization of tapioca in bioplastics manufacturing is anticipated
to boost the global tapioca market growth during the forecast
period. This trend is driven by the rising demand for eco-friendly
and biodegradable alternatives to traditional plastics.
The tapioca market has seen significant growth in recent years,
with increasing demand for its versatile uses. Feed production is a
major sector, with allies producing large quantities for animal
feed. The social scene also embraces tapiocas as a popular snack,
especially in the form of chips and pudding. Producers strive to
meet the demand, with strategies such as sustainable farming and
innovative processing techniques. The industry's future looks
bright, with carbs and industries using tapioca in various
applications, from textiles to nutritional supplements. The global
market is expanding, with nuts and grains supplying the raw
materials. The challenge lies in maintaining quality and
consistency, as well as addressing the environmental concerns.
Overall, the tapioca market is a dynamic and growing industry, with
plenty of opportunities for businesses.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- Tapioca, a popular carbohydrate source, offers various health
benefits but presents some challenges for the market. Its high
glycemic index can cause rapid increases in blood sugar levels,
making it unsuitable for some consumers. Improper preparation may
lead to cyanide poisoning due to linamarin. Diabetic patients and
those aiming to maintain weight should limit intake. The nutrient
content is also less compared to other food sources. These
complexities may hinder the growth of the global tapioca
market.
- The tapioca market faces several challenges in the production
and distribution process. The primary challenge is the dependence
on climate conditions for cultivation. The crop requires a specific
temperature range and adequate rainfall, making it susceptible to
weather-related risks. Additionally, the market faces challenges in
the production consistency due to the variability in the quality of
raw tapioca. The supply chain also poses challenges due to the
perishable nature of the product and the need for proper storage
and transportation facilities. Furthermore, the market is subject
to price volatility due to the demand-supply imbalance and the
presence of several key players. To overcome these challenges,
stakeholders need to focus on improving the cultivation practices,
enhancing the supply chain efficiency, and implementing effective
pricing strategies.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This tapioca market report extensively covers market
segmentation by
- Application
- 1.1 Animal feed
- 1.2 Food and beverage
- 1.3 Industrial
- Type
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Animal feed- Tapioca is a significant agricultural
commodity with a steady market demand. Farmers cultivate it in
tropical regions, supplying the industry with raw material.
Processors transform tapioca into various forms, such as pearls,
flour, and pellets, catering to diverse industries like food and
pharmaceuticals. Consumers utilize tapioca in numerous
applications, including pudding, desserts, and industrial uses. The
market remains stable, driven by consistent demand and a reliable
supply chain.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
In the dynamic market of animal feed, various dietary food
products play a significant role in ensuring optimal animal health
and productivity. One such essential component is Tapioca, derived
from the cassava root. Tapioca serves as an ideal source of
carbohydrates, providing energy to animals. In political and social
scenarios, the affordability and availability of Tapioca, which
includes Starch, Nuts, Grains, and other dietary ingredients,
significantly impact the animal feed industry. Tapioca is
gluten-free, making it suitable for animals with specific dietary
requirements. It also aids in lowering cholesterol levels and
improving digestion by providing essential Fiber. Furthermore,
Tapioca is rich in essential minerals like Calcium, Folate,
Manganese, Iron, and Folic acid, contributing to the overall
well-being of animals. In managing blood sugar levels and
preventing constipation, Tapioca proves to be a valuable addition
to animal feed formulations.
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Market Research Overview
Tapioca, a starchy root vegetable, is a significant component in
various industries, including food and beverage, pharmaceuticals,
and paper production. The versatile nature of tapioca allows it to
be used in a wide range of applications. In the food sector,
tapioca is used as a thickener, a binder, and a sweetener. In the
pharmaceutical industry, it serves as an excipient in medication
production. In paper manufacturing, tapioca is used as a raw
material for producing paper and cardboard. The global tapioca
market is driven by the increasing demand for natural food
additives and the growing usage of tapioca in various industries.
The market is segmented based on application, region, and end-use
industry. The future outlook for the tapioca market is promising
due to its numerous applications and the growing awareness of
healthier food options.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Animal Feed
- Food And Beverage
- Industrial
- Type
-
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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