Tapioca Starch Market is Expected to Reach Nearly US$ 9 Billion by 2031

Global Tapioca Starch Market 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. As per Fact.MR’s report, between 2017 and 2021, the global sales of tapioca starch exceeded US$ 4.7 Bn, registering a CAGR of approximately 5.8%.

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Consumer preference for clean-label products, as well as quality and flavor, will continue to be important growth variables for the tapioca starch market, as will this cassava extract’s potential to serve as an effective alternative to modified starches used in processed food products.

Countries such as the United States and Canada have showed an increasing preference for gluten-free products in recent years. In addition, celiac disease affects about 3 million people of the region in North America. As a result, residents in the area are investing in food that will meet their demands. Furthermore, the existence of significant tapioca starch manufacturers in the region is boosting sales.

 “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.

Key Takeaways:

• By form, tapioca pearls are predicted to have a market share of more than 30% in the tapioca starch market.
• By application, the food and beverage industry is estimated to have a market share of more than 45% of the tapioca starch market.
• North America’s tapioca starch market is estimated to generate US$ 60 million in revenue.
• The tapioca starch sector is predicted to have a market share of almost 35% in Europe.

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.

Growth Drivers:

• Ability to lower cholesterol level, preventing constipation, and maintaining blood sugar levels to drive the growth of tapioca starch market
• The primary trends driving tapioca starch sales are an increasing preference for gluten-free foods and the nutritional quality of tapioca starches.

Key Segments Covered:

• By Source :
• Bitter Cassava
• Sweet Cassava
• By Form :
• Tapioca Pearls
• Tapioca Flour
• Tapioca Granules
• Tapioca Flakes
• Tapioca Pellets
• Tapioca Syrup
• By Application :
•  for Food & Beverages
•  for Industrial Processing
•  for Animal Feed
•  for Other Applications

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How will be insights and market estimations provided in the Fact.MR report on the Demand Tapioca Starch make a difference?

• The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
• The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
• The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets
• Provides scrutiny of the industry trends that have shaped recent government policies
• Provides an account of major breakthroughs in all segments that might change the course of the market considerably
• Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future
• Evaluates the role of various stages of funding on new growth avenues in key regional markets