Global Tapioca Market, By Types (Fresh, Dried), Uses (Thickening Agent, Stabilizer Agent, Bodying Agent, Binding Agent), Applications (Food, Beverage, Textile Industry, Glue Industry, Pharmaceutical Industry, Cosmetics Industry, Mining Industry, Constructions Industry, Others), Product (Tapioca Animal Feed, Tapioca Flour, Tapioca Chips, Pellets, Pearls), – Industry Trends and Forecast to 2029
Market Analysis and Size
The cassava plant's broad agro-ecological adaptability and ability to produce higher yields at lower investment has aided in meeting rising demand for tapioca starch among end-use industries. Tapioca starch's widespread application across a wide range of industries, from food and beverages to animal feed, will continue to drive market growth.
Data Bridge Market Research analyses that the tapioca market which was growing at a value of 3.96 billion in 2021 and is expected to reach the value of USD 6.61 billion by 2029, at a CAGR of 6.62% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Types (Fresh, Dried), Uses (Thickening Agent, Stabilizer Agent, Bodying Agent, Binding Agent), Applications (Food, Beverage, Textile Industry, Glue Industry, Pharmaceutical Industry, Cosmetics Industry, Mining Industry, Constructions Industry, Others), Product (Tapioca Animal Feed, Tapioca Flour, Tapioca Chips, Pellets, Pearls)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Hunan Er-Kang Pharmaceutical Co., Ltd (China), American Key Food Products (U.S.), Cargill, Incorporated (U.S.), SPAC Starch Products (India) Ltd (India), Ingredion (U.S.), Tapioca Starch Industry Co., Ltd (Thailand), EIAMHENG TAPIOCA STARCH INDUSTRY CO., LTD. (Thailand), Psaltry International Limited (Nigeria), Dadtco Philafrica B.V. (South Africa), Tapioca Vietnam (Vietnam), Lentus Foods & Agro Ltd (Nigeria), kengSeng Group Of Company (China)
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Opportunities
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Market Definition
Tapioca is made from cassava and is commonly used to thicken liquid foods such as pudding. Their stabilising and thickening properties are widely used in the food, textile, glue, and cosmetic industries. They are high in calcium, iron, manganese, and folate, making them ideal for pregnant women.
Tapioca Market Dynamics
Drivers
- The various applications of tapioca starch are driving the growth of the tapioca starch
The product is widely used as a thickening and stabilizing agent. The high carbohydrate content of the starch and the prevention of various food allergies are expected to support the growth of the global tapioca starch market in the coming years. Furthermore, tapioca starch aids in the maintenance of blood sugar levels and the reduction of cholesterol levels.
- Increase in the demand for organic meat
Tapioca starch has been widely used as a bulking agent in a wide range of commercially available baby food products and infant nutritional supplements. Increased female labour force participation, which has fuelled demand for infant formulas, will help the tapioca starch market expand in the coming years. Due to its associated health benefits, this cassava extract is popular as a "superfood" in countries such as India.
Opportunity
Due to the increasing popularity of tapioca starch, manufacturers are introducing new processing techniques and packaging methods. Furthermore, new recipes involving tapioca starch have recently gained popularity around the world. Following in the footsteps of changing consumer consumption patterns, manufacturers see novel packaging designs as a key sales strategy to modern customers, who are becoming more aware of product labelling and preferring clean-label products.
Restraints
However, the rising presence of cyanide in tapioca due to improper processing methods causes chronic toxic effects, which will further challenge the tapioca market in the forecast period.
This tapioca market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the tapioca market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Tapioca Market
Many countries' major trade activities have been slowed due to the COVID-19 pandemic. The spread of this particular epidemic has had an impact on the supply chains of businesses all over the world. As major economies have experienced preventive manufacturing lockdowns, a significant gap in the market has developed, making it difficult for manufacturers and distributors to manage their supply operations. This is another major factor that is expected to have a negative impact on the frozen bakery market's future revenue growth prospects. The possibility of an impending recession could also have a negative impact on future industry investments.
Recent development
- Cargill, Inc. announced a partnership with Starpro, Thailand's leading manufacturer and provider of tapioca starch, in April 2021. Through this collaboration, the company intends to expand its operations in the Asia Pacific region.
- Tate & Lyle PLC announced in February 2021 that it had acquired an 85 percent stake in Thailand's Chaodee Modified Starch Co Ltd.
Global tapioca Market Scope
The tapioca market is segmented on the basis of types, uses, application and product. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Types
- Fresh
- Dried
Uses
- Thickening Agent
- Stabilizer Agent
- Bodying Agent
- Binding Agent
Application
- Food
- Beverage
- Textile Industry
- Glue Industry
- Pharmaceutical Industry
- Cosmetics Industry
- Mining Industry
- Constructions Industry
- Others
Product
- Tapioca Animal Feed
- Tapioca Flour
- Tapioca Chips
- Pellets
- Pearls
Tapioca Market Regional Analysis/Insights
The tapioca market is analysed and market size insights and trends are provided by country, types, uses, application and product as referenced above.
The countries covered in the tapioca market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Due to the prevalence of celiac disease in Europe and North America, tapioca starch is required in most processed foods. This is due to the fact that tapioca starch is gluten-free and does not pose a health risk to those suffering from Celiac Disease. Tapioca starch also improves dough texture, chewiness, and oil release. Gluten-free foods and beverages are becoming increasingly popular throughout Europe. As more people choose gluten-free products, tapioca starch manufacturers are seeing increased demand.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Tapioca Market Share Analysis
The tapioca market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to tapioca market.
Some of the major players operating in the tapioca market are:
- Hunan Er-Kang Pharmaceutical Co., Ltd (China)
- American Key Food Products (U.S.)
- Cargill, Incorporated (U.S.)
- SPAC Starch Products (India) Ltd (India)
- Ingredion (U.S.)
- Tapioca Starch Industry Co., Ltd (Thailand)
- EIAMHENG TAPIOCA STARCH INDUSTRY CO., LTD. (Thailand)
- Psaltry International Limited (Nigeria)
- Dadtco Philafrica B.V. (South Africa)
- Tapioca Vietnam (Vietnam)
- Lentus Foods & Agro Ltd (Nigeria)
- kengSeng Group Of Company (China)
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