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The tapioca market size is projected to increase by USD 44.2 million, at a CAGR of 4.42% between 2023 and 2028. The market is experiencing a surge in demand owing to its role as an alternative to gluten and grain food products. Tapioca, derived from cassava root, offers a gluten-free option for individuals with dietary restrictions or sensitivities. Moreover, its health benefits are attracting attention, as tapioca is low in cholesterol and fat, making it suitable for health-conscious consumers. The market is witnessing a rising demand for tapioca across various culinary segments, including savory, bakery, and sweet food items. Its versatile nature allows for its incorporation in a wide range of dishes, from traditional tapioca pudding to innovative tapioca-based bread and snacks. As consumer preferences shift towards healthier and allergen-friendly options, tapioca's popularity is expected to continue its upward trajectory.
The market shows an accelerated CAGR during the forecast period.
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Tapioca, a staple food in many cultures, particularly in Latin America and Asia, is derived from the cassava root. The Food and Agriculture Organization (FAO) reports that India and China are the largest producers of tapioca. The market is significant, with applications in various industries. In the food industry, tapioca is used as a thickener and binder in various food products, including puddings, jellies, and baked goods. In the pharmaceutical industry, they are used as an excipient in tablet coating and as a binder in capsule filling. The industrial sector is utilized in the production of adhesives, paper, and textiles. The demand is driven by its versatility and wide range of applications.
Alternative to gluten and grain food products is the key factor driving the market. The Tapioca market encompasses the production and distribution of Cassava extract, a starch derived from the root of the cassava plant. Tapioca is free from gluten, making it a suitable alternative for individuals with wheat intolerance or allergy. This superfood is rich in various essential nutrients, including Manganese, Iron, and Folic acid, which play crucial roles in preventing Neural tube defects and combating Anemia. Tapioca is also beneficial for individuals with high blood pressure, as it is low in Sodium. Moreover, it can help maintain Weight and prevent Overeating due to its satiating properties. In the health sector, they are used in Infant formula, Baby food products, and Infant nutritional supplements.
Furthermore, in the food industry, Tapioca serves as a Texturizing and Thickening agent in various applications, including Confectionery, Desserts, Puddings, and Granulated or Pearlized Tapioca. The versatile nature of Tapioca has led to its increasing popularity in the E-commerce sector and the Start-up ecosystem. However, it is essential to note that raw Cassava contains Cyanide, which can cause Cyanide poisoning if not properly processed. Therefore, it is crucial to ensure they are used is safely extracted and processed before consumption. Additionally, Tapioca can be beneficial for Diabetics, as it has a low glycemic index, helping to maintain Blood sugar levels.
Usage of tapioca in bioplastics is the primary trend shaping the market. Tapioca, derived from the root of the cassava plant, is a versatile ingredient with various applications in different industries. In the bioplastics sector, tapioca is utilized due to its stable granules that decompose at elevated temperatures. This property enhances the biodegradability of bioplastics. They are also a rich source of nutrients like manganese, iron, and folic acid. Deficiencies in these nutrients can lead to conditions such as neural tube defects and anemia. In the food industry, tapioca is used as a thickening and texturizing agent in various food products, including baby food, infant formula, and desserts. It is also used in the production of sodium-free tapioca starch, which is beneficial for individuals with high blood pressure, strokes, and heart disease.
Additionally, tapioca extract is considered a superfood and is used in organic meat production, weight maintenance, and confectionery. However, it is essential to note that raw cassava contains cyanide, which can cause cyanide poisoning if not properly processed. In the e-commerce and start-up ecosystem, they are used in the production of pearlized and granulated forms, which are popular in various industries, including food and beverage, pharmaceuticals, and cosmetics.
Complexities related to over consumption is the major challenge that affects the market growth. Tapioca, derived from the cassava root, is a staple food and superfood with various health benefits. It is rich in essential minerals like manganese, iron, and folic acid, which contribute to the prevention of neural tube defects and anemia. However, tapioca's high carbohydrate content and position on the glycemic index scale can lead to rapid increases in blood sugar levels, posing risks for individuals with diabetes and those seeking weight maintenance. Unprocessed or improperly cooked may contain linamarin, which, when metabolized, can result in cyanide poisoning.
Besides, in the food industry, they are used as a texturizing and thickening agent in various applications, including infant formula, baby food products, and organic meat processing. It is also popular in confectionery, desserts, puddings, and e-commerce platforms, such as start-ups, for its versatility. Despite these benefits and uses, it is crucial to be aware of the potential risks associated with tapioca consumption, particularly regarding blood sugar levels and cyanide poisoning.
The market faces challenges such as price volatility due to weather conditions and supply disruptions. The use of tapioca in the production of bioethanol is also a growing trend, which could impact the market dynamics. In conclusion, the market is a dynamic and diverse one, with applications in various industries. The demand for tapioca is driven by its versatility and wide range of applications, but the market faces challenges such as price volatility and supply disruptions. The use in the production of bioethanol is a growing trend that could impact the market dynamics.
The market share growth by the animal feed segment will be significant during the forecast period. One of the most important application areas of tapioca is animal feed. Of the total production of cassava, more than 25% is used in making animal feed ingredients, which include feed ingredients for ruminants, swine, poultry, and fish. The market, derived from Cassava plants, holds significant potential in various sectors. As a parent industry, it encompasses Animal Feed, Food and Beverage, and Industrial Applications. In the Food and Beverage segment, the demand for gluten-free and grain-free products, including tapioca starch, is increasing due to consumer preferences and dietary requirements related to Celiac disease, gluten sensitivity, and food allergies. Lucrative opportunities exist in the production of bakery products, as starch serves as a key ingredient.
The animal feed segment was valued at USD 67.40 million in 2018.
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In the Animal Feed sector, it is used as a source of carbohydrates, fiber, and energy, contributing to lower cholesterol and calorie content. Industrial applications include the use of tapioca starch as a thickener, adhesive, and binding agent in various industries. Economic, political, and social scenarios influence the market's growth. Innovation and technologies play a crucial role in product growth and strategic positioning. Key exporting countries include Thailand and Vietnam, while China is a significant importer. Demand is rising in countries like Japan, Cambodia, and the Philippines. Innovations in they processing and the development of new technologies can further expand the market. Tapioca's nutritional benefits, such as being a source of calcium, folate, and fiber, make it an attractive alternative to grains and nuts for those with dietary restrictions or health concerns.
APAC is estimated to contribute 53% to the growth of the global market during the forecast period
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Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. In the Animal Feed sector, they are used as a source of carbohydrates, fiber, and energy, contributing to lower cholesterol and calorie content. Industrial applications include the use of starch as a thickener, adhesive, and binding agent in various industries. Economic, political, and social scenarios influence the market's growth. Innovation and technologies play a crucial role in product growth and strategic positioning. Key exporting countries include Thailand and Vietnam, while China is a significant importer. Demand is rising in countries like Japan, Cambodia, and the Philippines. Innovations in processing and the development of new technologies can further expand the market. There nutritional benefits, such as being a source of calcium, folate, and fiber, make it an attractive alternative to grains and nuts for those with dietary restrictions or health concerns.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market forecasting growth and analysis.
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
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
The market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
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The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
Tapioca is a starch extract derived from the cassava root, which is a significant agricultural product in various regions worldwide. The Feed, Animal, and Food industries utilize tapioca in numerous applications. In the Feed industry, they are used as a source of energy and fiber for livestock. In the Animal industry, it is used as a binding agent in pet food production. In the Food industry, tapiocas' versatility is evident in its use as a thickener, stabilizer, and texturizer in various food products, including beverages, bakery items, and convenience foods.
Further, the demand for tapioca is on the rise due to its numerous applications and health benefits. The Consumer market is increasingly seeking out natural and organic food products, making tapioca an attractive alternative to synthetic thickeners and stabilizers. The Production of tapioca involves various processes, including cleaning, peeling, cooking, and drying. The Polytic and Consumer markets are the primary buyers with the former accounting for a significant share due to its extensive use in the Food and Feed industries.
Additionally, the market is expected to grow significantly in the coming years due to the increasing demand for natural food ingredients and the expanding Food and Feed industries. The market is also driven by the growing awareness of the health benefits and its versatility in various applications. The key players in the market include Archer Daniels Midland Company, Grasas y Derivados, S.A., and Cargill, Incorporated.
Market Scope |
|
Report Coverage |
Details |
Page number |
166 |
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 2023-2024(%) |
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 |
Competitive landscape |
Leading Companies, market growth analysis, market research and growth, market forecast, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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 dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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