Global Tapioca Modified Starch Market, By Modification Type (Physical Modification, Chemical Modification, Enzymatic Modification), Tapioca Types (Fresh, Dried), Function (Stabilizers, Thickeners, Emulsifiers, Binders, Others), Application (Food and Beverages, Feed, Industrial), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Tapioca Modified Starch Market
The tapioca modified starch market is expected to grow at a compound annual rate of 5.7% in the forecast period 2021 to 2028 and will reach USD 18.19 billion by 2028. The increase in the consumption of nutritious products and protein-rich food is the factor for the tapioca modified starch market in the forecast period of 2021 to 2028.
Tapioca is obtained from the storage root of cassava plant. Modified starch also known as starch derivatives are generally used to maintain and improve the texture and capability of the food and are generally obtained from grains and vegetables.
The major growing factor towards tapioca modified starch market is the increasing demand for processed and convenience food. The prime factor driving the demand for tapioca modified starch is the various functional properties of modified starch as well as their ease of incorporation in a wide range of food applications. Furthermore, the rapid increase in research and development activities to develop innovative products and the high demand for adhesives in a range of industrial applications are also heightening the overall demand for tapioca modified starch market over the forecast period of 2021 to 2028. Moreover, the growing cholesterol problem among population and rising awareness amongst consumer about the benefits of the tapioca also serves as foremost drivers for increasing the demand for tapioca modified starch market at a global level. In addition, the high disposable income and various beneficial features of the products are also lifting the growth of the tapioca modified starch market.
However, the limited sources and high cost of natural additives as well as the rising gum Arabic market are projected to act as a restraint towards the growth of tapioca modified starch market, whereas the approval from various regulatory bodies and increasing cost of raw materials have the potential to challenge the growth of the tapioca modified starch market.
Moreover, the constant R&D and innovations in the tapioca modified starch as well as untapped application of modified starch and potential alternative sources of modified starch will further generate new opportunities for the tapioca modified starch market in the forecast period of 2021 to 2028.
This tapioca modified starch 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 modified starch market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Tapioca Modified Starch Market Scope and Market Size
The tapioca modified starch market is segmented on the basis of modification type, tapioca types, function and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of modification type, the tapioca modified starch market has been segmented into physical modification, chemical modification and enzymatic modification. Physical modification has further been segmented into hydrothermal and non-hydrothermal. Chemical modification has further been segmented into cationic starch, etherified starch and esterified starch.
- The tapioca modified starch market is also segmented on the basis of tapioca types into fresh and dried.
- Based on function, the tapioca modified starch market has been segmented into stabilizers, thickeners, emulsifiers, binders and others.
- On the basis of application, the tapioca modified starch market has been segmented into food and beverages, feed and industrial. Food and beverages have further been segmented into bakery and confectionery products, processed foods, beverages and others. Feed has further been segmented into swine feed, ruminant feed, poultry feed and others. Industrial has further been segmented into papermaking, weaving and textiles, medicines and pharmaceuticals, cosmetics and others.
Tapioca Modified Starch Market Country Level Analysis
The tapioca modified starch market is analyses and market size, volume information is provided by country, modification type, tapioca types, function and application as referenced above.
The countries covered in the tapioca modified starch market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America leads the tapioca modified starch market because of the Growing awareness regarding the benefits of consuming low-fat food is expected to fuel the product demand as well as the increasing product demand in the animal feed sector in the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the various favorable government policies in agriculture trade to indorse modified starch products and high investments in the industry within this region.
The country section of the tapioca modified starch market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Modified Starch Market Share Analysis
The tapioca modified starch 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 modified starch market.
The major players covered in the tapioca modified starch report are Cargill, Incorporated, ADM, Tate & Lyle, Emsland Group, Ingredion Incorporated, Pruthvifoods, Vaighai Agro, Sonish Starch, American Key Food Products, Varalakshmi Starch Industries (P) Ltd., Ciranda, SPAC Starch Products (India) Private Limited, Psaltry International Limited, Philafrica Foods, Agrideco Vietnam Co., Ltd., kengSeng Group Of Company., Grain Processing Corporation, Roquette Frères, AGRANA Beteiligungs-AG and Avebe among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provide competitive analysis for each competitor separately.