(MENAFN- Ameliorate Digital Consultancy)
Global sales of tapioca starch is likely to reach US$ 4.7 Bn in 2022. Growing inclination towards gluten-free food along with tapiocas health benefits is playing a key role in the increasing demand for tapioca starch.
Moreover, escalating demand from the food and beverage industry along with tapioca pearls is positively influencing the sales of tapioca starch. Over 18,400,000 tons of tapioca starch are likely to be sold worldwide by 2032-end. Thus, the sales of tapioca starch is expected to surpass US$ 9 Bn by registering an impressive CAGR of 6.1 % in the forecast period 2021-2031.
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Starch is a significant element that is abundantly dispersed in nature, as well as being prevalent in home food. The starch extracted from the cassava root, which is native to South America, is known as tapioca.
Tapioca starch is utilised in a variety of applications in the industrial, commercial, and residential sectors. Tapioca is a staple food in several tropical regions, but it is also used in the developed world for a variety of manufacturing and industrial purposes. The increasing demand for tapioca starch as a thickening and stabilising agent is driving the market for tapioca starch. Starch, which is essential in nutritional foods, is predicted to gain traction in the global market, boosting microbial development. As it has numerous industrial applications, the worldwide tapioca market is likely to grow in the next years
Top Impacting Factors
Applications are a major driver of the global tapioca starch market. Tapioca starch is used to thicken and stabilize the sauce. The high percentage of carbs and the prevention of food allergies are two elements that favor the expansion of the worldwide tapioca market in terms of demand generation. Furthermore, macroeconomic factors such as an increase in per capita income, Tapioca aids in the reduction of cholesterol and the maintenance of blood sugar levels. It also aids in the prevention of constipation. Tapioca is high in calcium, manganese, folate, and iron, making it a good choice for pregnant women. Tapioca aids in the digestion of carbohydrates.
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Competitive Landscape
In April 2021, Cargill, Inc. partnered with Starpro, the leading manufacturer and provider of tapioca starch in Thailand. Through this partnership, the company is focusing on expanding their business in the Asia Pacific region. In February 2021, Tate & Lyle PLC announced that it had acquired 85% shareholding in Chaodee Modified Starch Co Ltd located in Thailand.
Key Companies Profiled:
Cargill Inc. Tate & Lyle Plc. Emsland-Starke GmbH Navin Chemicals Pruthvi's Foods Pvt. Ltd. Vaighai Agro Products Ltd. Sonish Starch Technology Co. Ltd. American Key Food Products Varalakshmi Starch Industries Pvt. Ltd.
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Key Segments Covered :
By Source : By Form : Tapioca Pearls Tapioca Flour Tapioca Granules Tapioca Flakes Tapioca Pellets Tapioca Syrup
By Application : Food & Beverages Industrial Processing Animal Feed Other Applications
Questionnaire answered in the report include:
How the industry has grown? What is the present and future outlook on the basis of region? What are the challenges and opportunities? Why the consumption in region? In which year segment is expected to overtake segment?
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