Tapioca Market by Application, Type, and Geography - Forecast and Analysis 2023-2027

Tapioca Market Forecast 2023-2027

The Global Tapioca Market Size is projected to increase by 6,972.08 thousand tons from 2022 to 2027, at a CAGR of 1.88%. In 2017, the market size was at 71,950 thousand tons. The alternatives to gluten and grain food products are driving factors in the market. The consumption of gluten, a mixture of proteins found in wheat and other related grains including oats, rye, barley, and kamut, can be problematic for individuals with gluten intolerance or wheat allergy. Wheat allergy is often caused by the ingestion of wheat-containing products or inhalation of wheat flour, leading to the production of antibodies against the protein present in wheat. This condition is most commonly observed among children. The market research report is segmented by applications such as animal feed, food and beverages, and industrial. In 2022, the animal feed segment was the biggest part of the worldwide market and is expected to remain so in the coming years. Cassava production is heavily utilized in making animal feed ingredients, with over 25% of it going towards feeds for livestock like ruminants, pigs, birds, and fish. It plays a significant role in animal feed production.

Tapioca Market Market Size

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In the dynamic and ever-evolving world of food and beverage markets, one ingredient that has gained significant attention is Tapioca. It is derived from the root of the cassava plant, and is a versatile and essential component in various industries, including Food and Beverage, Pharmaceuticals, and Industrial sectors. The market is projected to grow at a steady rate due to its numerous applications. It is widely used as a thickener and binder in various food products, such as puddings, jellies, and desserts. In the Pharmaceutical industry, it is used as an excipient in the manufacturing of tablets and capsules. Moreover, Tapioca is also used in the Industrial sector as a raw material in the production of adhesives, paper, and textiles. The increasing demand in these industries is driving the growth of the market. The major producers of Tapioca are Brazil, Thailand, and Indonesia. The market is highly competitive, with several players competing on the basis of price, quality, and innovation. The key players in the market include Archer Daniels Midland Company, Grasas y Derivados S.A., Cargill Incorporated, and Ajinomoto Co. Inc. In conclusion, the Global Tapioca Market is expected to witness robust growth in the coming years due to its wide range of applications and the increasing demand from various industries. The market is highly competitive, with several players vying for a larger market share.

Market Dynamics

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, it is used as a thickener and binder in various food products, including puddings, jellies, and baked goods. In the pharmaceutical industry, it is used as an excipient in tablet coating and as a binder in capsule filling. The industrial sector utilizes tapioca in the production of adhesives, paper, and textiles. The demand is driven by its versatility and wide range of applications. However, 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 is driven by its versatility and wide range of applications, but the market faces challenges such as price volatility and supply disruptions. The use of tapioca in the production of bioethanol is a growing trend that could impact the market dynamics. Our researchers analyzed the data with 2022 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.

Significant Market Trends

The usage of tapioca in bioplastics is an emerging trend in the market. Biodegradable bioplastic comes from renewable biomass and can be broken down by microbes. The four types of biodegradable bioplastics are starch-based bioplastic, cellulose-based bioplastic, lignin-based bioplastic, and vegetable protein bioplastic. Starch-based bioplastics are made from or derived from natural or modified starches. The most commonly used starches are potato, corn, wheat, and tapioca.

This is used in bioplastic to improve bioplastic degradation. It contains granules that are stable and break down at high temperatures. It can be mixed with polymers at high temperatures and pressure without losing its structure. This is odorless, smooth, and transparent. Thus, the increasing use in bioplastics is expected to have a positive impact on the growth of the global market during the forecast period.

Major Market Challenge

Complexities related to excessive consumption are major challenges impeding the market industry. This has many health benefits but has some side effects that may affect the market growth. This is rich in carbohydrates and is high on the glycemic index. The glycemic index scale is a numerical index that shows the effect of certain foods on a person's blood sugar. It uses a scale of 0 to 100, with higher values assigned to foods that cause a rapid rise in blood sugar. Thus, increased consumption can rapidly increase the blood glucose levels in the human body. 

They can be toxic if not handled or cooked properly because they contain linamarin, which converts to cyanide in the human body, causing cyanide poisoning. Due to the high amount of carbohydrates, it is not suitable for diabetics. It is also not suitable for consumers who want to maintain their weight, because it increases weight without increasing fat levels. In addition, it also has fewer nutrients. Thus, several complex issues related to excessive consumption may hinder the growth of the global market during the forecast period.

Customer Landscape

The market 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Market Segmentation

The market, primarily driven by animal feed production, accounts for over 25% of cassava's total usage. Tapioca, derived from cassava roots during starch processing, is utilized as animal feed, particularly for ruminants, swine, poultry, and fish. With rising prices of maize and other animal feed raw materials, the demand has surged. It offers various health benefits. It is rich in essential minerals like manganese and iron, which contribute to the production of red blood cells, preventing anemia. Folic acid in tapioca aids in the prevention of neural tube defects. Sodium in tapioca can lead to high blood pressure, strokes, and heart disease when consumed excessively. Tapioca's satiety properties help in weight maintenance and prevent overeating. Cassava extract, a superfood, is used in infant formula, baby food products, and infant nutritional supplements. It is also used as a texturizing and thickening agent in various industries, including confectionery, e-commerce, start-ups, desserts, puddings, and granulated or pearlized tapioca. However, it contains cyanide, which can lead to cyanide poisoning if not processed properly. Therefore, it is crucial to ensure proper processing and handling to maintain its health benefits and prevent potential risks.

By Application

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.

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The animal feed segment was valued at 31,917.03 thousand t in 2017 and continued to grow until 2021.  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 tapioca starch serves as a key ingredient. 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 tapioca 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.

Key Regions

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APAC is estimated to contribute 55% 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.

APAC was the largest geographical segment of the global market in 2022 and continued to remain the largest segment during the forecast period. APAC is one of the largest markets for these products. China is among the world's largest importers of these products, primarily tapioca chips and tapioca flour. Thailand and Vietnam are the largest exporters of these globally. South-Eastern Asia is the largest market in terms of tapioca consumption. The leading countries in the region are China, Thailand, Indonesia, Vietnam, and India. The demand is further rising in countries like Japan, Cambodia, the Philippines, and other parts of Asia. Thus, all the above-mentioned factors will propel the growth of the market in APAC during the forecast period.

Key Market Company Overview

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.

• American Key Products Inc. - The company offers a wide range of starches, flours, and other food ingredients. The key offerings of the company include tapioca for frozen foods, dry mixes, and sauces.

The market research report also includes detailed analyses of the competitive landscape of the market and information about 15 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.

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.

Market Analyst Overview

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, it is 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. The demand 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 of tapioca, with the former accounting for a significant share due to its extensive use in the Food and Feed industries. 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 of tapioca 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.

The market operates within the context of various economic scenarios and political scenarios that influence production, trade, and consumption patterns. Tapioca, derived from cassava roots, serves as a staple in various child markets worldwide, owing to its versatility and nutritional value. Consumer preferences and buying behavior drive demand for tapioca-based products, especially in the realm of dietary food products, where tapioca flour serves as a gluten-free alternative rich in carbohydrate content. Moreover, tapioca's high fiber content aids in alleviating constipation, making it a popular choice in functional foods.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Type Outlook 
  • Fresh
  • Dried

• Application Outlook 
  • Animal feed
  • Food and beverage
  • Industrial

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Chile
    • Brazil
    • Argentina

Market Scope
Report Coverage	Details
Page number	159
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Decelerate at a CAGR of 1.88%
Market growth 2023-2027	6972.08 th t
Market structure	Fragmented
YoY growth 2022-2023(%)	1.88
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 55%
Key countries	US, China, Thailand, Indonesia, and France
Competitive landscape	Leading companies, 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, Tereos Group, Venus Starch Suppliers, and Tate and Lyle Plc
Market dynamics	Parent market analysis, Market Forecasting, 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 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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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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