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The tapioca market size is forecast to increase by USD 44.2 million, at a CAGR of 4.42% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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Tapioca, derived from the root of the cassava plant, continues to be a dynamic and evolving market due to its versatile applications across various sectors. Its unique properties, including high amylose content and amylopectin, make it a valuable resource for industries such as food and beverage, pharmaceuticals, and industrial sectors. The ongoing research and development in tapioca processing techniques aim to enhance its efficiency and utility. Tapioca waste and by-products are being explored for their potential in creating new value-added products, such as starch derivatives and films. The focus on sustainability metrics and eco-friendly processing methods is also gaining momentum in the tapioca industry.
Tapioca starch extraction and gelatinization processes are continually refined to optimize yield and functionality. The rheological properties of tapioca starch are of particular interest, as they impact its use in various applications, from food grade to industrial applications. The continuous exploration of tapioca's potential is evident in the emergence of new technologies and applications. For instance, tapioca starch hydrolysis leads to the production of syrups and sweeteners, while tapioca-based adhesives offer sustainable alternatives to traditional adhesives. The dynamic nature of the market is further underscored by ongoing research into its properties and potential applications. For example, tapioca starch crystallization and modifications are being studied to expand its use in various industries.
The potential for tapioca starch films and Biodegradable Plastics is a promising area of exploration, highlighting the ongoing evolution of the market.
The tapioca industry 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.
The animal feed segment is estimated to witness significant growth during the forecast period.
Tapioca, derived from the cassava root, offers versatile applications in various industries. The animal feed segment dominates The market, accounting for over a quarter of its usage in 2023. This is due to the increasing demand for alternative feed sources as the prices of traditional animal feed raw materials like maize continue to rise. Tapioca waste, or cassava pomace, is a byproduct of starch processing and is primarily used as animal feed. Approximately equal amounts of starch and cassava pomace are generated from cassava roots. Industrial tapioca applications include food, pharmaceuticals, and paper industries.
Tapioca starch undergoes processes like retrogradation, oxidation, gelatinization, and hydrolysis to enhance its functionality. Modifications like derivatives and crystallization further expand its uses. Tapioca dextrin, with its unique properties, is gaining popularity in food and pharmaceutical industries. Sustainability is a significant concern in tapioca processing, with efforts being made to optimize processing efficiency and minimize waste. Cassava processing techniques, such as fermentation and enzyme treatment, are being explored to enhance tapioca starch quality. Tapioca syrup manufacturing and the production of tapioca-based adhesives are other growing applications. Food grade tapioca and its rheological properties are crucial in the food industry, while tapioca starch films find applications in packaging.
The Animal feed segment was valued at USD 67.40 million in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 53% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is characterized by its extensive use in various industries and applications. Tapioca pearls come in different sizes, catering to diverse consumer preferences in food and beverage sectors. Industrial tapioca finds significant use in the production of adhesives, paper, and textiles. Tapioca starch undergoes retrogradation and oxidation, influencing its functionality and viscosity. Gelatinization is a crucial process in tapioca starch production, while dextrin is a valuable by-product with unique properties. The amylose and amylopectin content in tapioca varies, affecting its processing efficiency and end-use applications. Cassava processing techniques are essential in tapioca production, with countries like Thailand and Vietnam being major global exporters.
South-Eastern Asia is the largest consumer region, with China, Thailand, Indonesia, Vietnam, and India being key markets. Japan, Cambodia, and the Philippines also exhibit rising demand. Tapioca starch hydrolysis leads to derivatives and modifications, expanding its applications in food, pharmaceuticals, and other industries. Sustainability metrics are increasingly important in tapioca production and processing, with a focus on minimizing waste and optimizing efficiency. Tapioca starch films, syrup manufacturing, and other value-added products further broaden its market scope.
The Global Tapioca Market is experiencing robust growth, fueled by versatile applications and rising health-conscious demand. The commercial tapioca market thrives as tapioca in food industry gains popularity, particularly in tapioca for bubble tea and tapioca for vegan diets. Innovations like tapioca-based bioplastics and tapioca sustainable packaging address eco-friendly trends, while tapioca for digestive health and benefits of tapioca for digestive health appeal to wellness-focused consumers. The tapioca gluten-free market grows with gluten-free tapioca products, supported by tapioca for clean-label foods. Advanced tapioca starch extraction and tapioca processing technology, including tapioca pearl machines, enhance efficiency. Tapioca for food texture and tapioca starch innovations drive the tapioca beverage market and tapioca for low-carb diets, shaping a dynamic industry landscape.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The tapioca market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the tapioca market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, tapioca market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
American Key Products Inc. - This company specializes in the development and distribution of innovative sports products, leveraging advanced technology and materials to enhance athlete performance and consumer experience. Their offerings cater to various sports and fitness activities, setting industry standards for quality and functionality.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
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 industry 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.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Tapioca Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
166 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.42% |
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Market growth 2024-2028 |
USD 44.2 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.16 |
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Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, and Rest of World (ROW) |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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 Market Segmentation by Product
9 Market Segmentation by Source
10 Market Segmentation by Distribution Channel
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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