Tapioca Market Forecast and CAGR
According to the latest research by Fact.MR, the Tapioca market is set to witness steady growth during 2021-2031. Demand for these products will witness a steady recovery in the short term, with an optimistic growth outlook in the long run. This market is expected to grow with the highest CAGR during the forecast period due to the high consumption of snacks and baked products as convenience food and various applications in different industries.
What is Driving Demand for Tapioca?
Tapioca is the staple food product and it is the starch extracted from the cassava roots which usually grows easily in countries of South America, Africa, Asia. Globally, this market is triggered by its various applications in end-use industries like the food and beverages industry, cosmetic industry, pharmaceutical industry, construction industry, and paper industry, and few others.
It is a naturally gluten-free substance that is the best substitute for rice and wheat-based products. Increasing demand for intolerance food products & gluten-free products has triggered the demand of this market globally. It is rich in nutrients like calcium, manganese, iron, etc. which are very important for pregnant women. It can be used as an artificial sweetener for health-conscious and diabetic persons, With increasing demand for this sweetener, it is expected that this market will have significant growth.
Changing habits of consumers towards the consumption of food, busy lifestyle, aiming to get healthy lifestyle & wellness, urbanization, increasing working population increasing disposable income of millennials are some major factors which have to change the eating lifestyle of consumers and shift it towards ready-to-eat food products which have stimulated the growth of this market.
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Wide Range of Applications Likely to Augment Tapioca Sales
Tapioca is a grain-free and gluten-free product that is used to make many products like Gluten-free and grain-free bread, flatbread, pudding, desserts, etc. It is used as a thickener to make soups, sauces, and gravies of different cuisines and it has a natural flavor.
It is used to make fast foods like burger, dough, and nuggets where it acts as a binding agent. It can also be used as a binding agent to improve moisture content, texture. It trapped moisture inside and forms a gel to prevent sogginess. These factors have augmented the growth of this market.
Tapioca starch can be used as an alternative starch to corn and potato starch which is also used as a stabilizing agent. It has mostly applications in the food industry, but easy availability is used in non-food industries like the manufacturing of paper, adhesives, and pharmaceuticals. In the textile industry, it is also used for finishing, sizing, and printing and it is also used to detect defects.
US and Canada Tapioca Market Outlook
Cassava flour is one of the main products made from tapioca which is used to make many infant foods like biscuits, bread, custard powder, salad dressings, ice cream powder, vermicelli, flakes, etc. A variety of foods can be prepared from this has led to import this product from the Asian and African countries to North America.
Asia-Pacific region dominates this market due to having a good opportunity for producers, increasing awareness of health benefits, and rising demand for bakery, savory, and confectionery products. Asia Pacific region is the main exporter of this market to the countries of North America.
Covid-19 has made a negative impact on the market but the high demand for tapioca Chips, Pellets, Pearls has rebooted the market again and is growing gradually.
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Europe Demand Outlook for Tapioca
The European market for these products is small but it’s gradually growing. It has been started among the restaurants and ethnic shops but today is widely available in the European market.
Market players provide many varieties of cassava by-products which are further boosting the regional market growth. There is a noticeable export of cassava products such as cassava starch, cassava chips, cassava meal, and fresh cassava to Europe.
The use of gluten-free products and flours has been increased due to significant consumers are allergic to gluten and also suffering from Coeliac disease. The rate at which adults and youth are being diagnosed is increasing; these products have driven the market significantly.
Who are the Key Manufacturers and Suppliers of Tapioca?
Some of the leading manufacturers and suppliers of this market are
- American Key Food Products LLC
- TCS Tapioca
- MOTHERLAND LLC
- Eiamehang Tapioca
- Mhogo Foods Ltd.
- Dadtco Philafrica B.V.
- Sunrise International
- Sonish Starch
- Parchem fine & specialty chemicals Inc.
- Cargill Inc.
- SPAC Tapioca
- Technology Co. Ltd.
- Emulift Iberica SL
- Archer Daniels Midland Company
- Emulift Iberica SL
- Venus Starch Inc
- Varnica Herbs
- Otto's Naturals
- AGRANA Beteiligungs AG
- Emsland Group
- Ingredion Inc.
- Grain Millers Inc.
- Ingredion Inc.
- PT Buda Starch & Sweetener
- Tate & Lyle Plc
- Venus Starch Suppliers etc.
Changed eating habits, a lifestyle of the consumers, an increasing number of health-conscious consumers, key payers also try to provide a new variety of food products which are gluten-free, organic that helps to increase production rate and hence, can meet the demand of the consumers.
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- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
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By Product Type
- Tapioca Starch
- Tapioca Thippi
- Tapioca milk residue
- Tapioca Pearl / Sabudana
- Tapioca Flour
- Black Tapioca Pearl
- Food & beverages
- Infant food products
- Soups & Snacks
- Puddings and desserts
- Confectionery & Bakery
- Dairy & Ice-Cream
- Animal Feed
- Textiles Industry
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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