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Food and Beverage Industry Is Expected To Possess More Than 45% Market Share for Tapioca Starch Market
UNITED STATES, July 30, 2022 /EINPresswire.com / -- Fact.MR states the global sales of tapioca starch to surpass US$ 8500 Mn by registering a positive CAGR of 6.7% in the assessment period 2022-2032. Tapioca starches' quality of preventing food allergies and celiac diseases is making it popular for using it in everyday food.
Historically, between 2017 and 2021, the sales of tapioca starch surpassed US$ 4.7 Bn by the end of the aforementioned period. Due to the novel coronavirus pandemic, the demand and supply of tapioca starch suffered losses in the initial quarters. As people are getting concerned about a healthier lifestyle, sales of tapioca starch are expected to retrieve.
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Furthermore, different forms of tapioca starch are positively influencing the sales of tapioca starch industry. Moreover, increasing prevalence of gluten-free food from North America and Europe is a key factor driving sales of tapioca starch. Thus, due to the factors mentioned above, demand for tapioca starch will bolster in the forthcoming sales indicator period.
Key Takeaways from the Market Study
•By form, tapioca pearls are expected to hold more than 30% market share for tapioca starch market.
•By application, food and beverage industry is expected to possess more than 45% market share for tapioca starch market.
•Tapioca starch industry expected to garner US$ 60 Mn market revenue for North America.
•Tapioca starch industry expected to possess nearly 35% market share throughout Europe.
“Growing inclination towards a healthy lifestyle has made tapioca starch a popular ingredient for various dishes. Thus, the use of tapioca starch has increased in everyday life. This, in turn, is expected to drive the sales for tapioca starch.” states a Fact.MR analyst.
Competitive Landscape
•In March 2021, Cargill, Inc. added label-friendly tapioca starches to its Slim-Pure line of label-friendly starches. The company is focusing on delivering creamy textures and offering cold storage stability.
• In January 2021, Tate & Lyle PLC announced the expansion of its line of tapioca based starches. The company launched REZISTA MAX thickening starches and BRIOGEL gelling starches. The company is focusing on improving the texture and fluidity of tapioca starches.
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Key Segments Covered in the Tapioca Starch Industry Analysis
•By Source :
oBitter Cassava Tapioca Starch
oSweet Cassava Tapioca Starch
•By Form :
oTapioca Pearls
oTapioca Flour
oTapioca Granules
oTapioca Flakes
oTapioca Pellets
oTapioca Syrup
•By Application :
oTapioca Starch for Food & Beverages
oTapioca Starch for Industrial Processing
oTapioca Starch for Animal Feed
oTapioca Starch for Other Applications
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