Food and Beverage Industry Expected to Own Over 45% Market Share for Tapioca Starch Market
USA, July 30, 2022 /EINPresswire.com/ — Fact.MR reports that global tapioca starch sales will exceed US$8,500 million by registering a positive CAGR of 6.7% during the 2022-2032 assessment period. The quality of tapioca starch in preventing food allergies and celiac disease makes it popular for use in everyday foods.
Historically, between 2017 and 2021, tapioca starch sales exceeded US$4.7 billion at the end of the above-mentioned period. Due to the novel coronavirus pandemic, tapioca starch demand and supply suffered losses in the first quarters. As people worry about a healthier lifestyle, sales of tapioca starch are expected to pick up.
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Also, different forms of tapioca starch are positively influencing the sales of the tapioca starch industry. Additionally, the increasing prevalence of gluten-free foods in North America and Europe is a key factor driving tapioca starch sales. So, due to the factors mentioned above, the demand for tapioca starch will strengthen in the next sales indicator period.
Key insights from market research
• By form, tapioca pearls are expected to hold more than 30% market share for the tapioca starch market.
• By application, the food and beverage industry is expected to own more than 45% market share for the tapioca starch market.
• The tapioca starch industry is expected to generate sales of US$60 million for North America.
• The tapioca starch industry is expected to have nearly 35% market share across Europe.
“The 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 daily life. This, in turn, expected to boost tapioca starch sales,” says a Fact.MR analyst.
• In March 2021, Cargill, Inc. added label-compatible tapioca starches to its Slim-Pure line of label-compatible starches. The company focuses on providing creamy textures and offers cold storage stability.
• In January 2021, Tate & Lyle PLC announced the expansion of its range of tapioca-based starches. The company launched REZISTA MAX thickening starches and BRIOGEL gelling starches. The company focuses on improving the texture and flowability of tapioca starches.
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Key segments covered by the Tapioca Starch industry analysis
• By Source:
o Bitter cassava and tapioca starch
o Sweet cassava and tapioca starch
• By Form:
o Tapioca pearls
o Tapioca flour
o Tapioca granules
o Tapioca flakes
o Tapioca pastilles
o Tapioca Syrup
• By application:
o Tapioca starch for food and beverages
o Tapioca starch for industrial processing
o Tapioca starch for animal feed
o Tapioca starch for other applications
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