Tapioca Market in the US Projections: Surging Towards US$ 6.3 Billion by 2033

The global tapioca market, forecast to be worth US$ 4.1 billion in 2023, is expected to grow to US$ 6.3 billion by 2033. During the analysis period, this increased at a CAGR of 4.4%.

Tapioca sector valuation reached around US$ 4.1 billion in 2023, with a strong increase to approximately US$ 6.3 billion by 2033. With a projected compound annual growth rate (CAGR) of 4.4%, tapioca’s market share increases.

Cassava plants, with their agroecological resilience and ability to produce higher yields with less investment, are supporting end-use firms in meeting rising tapioca starch demand. Because tapioca starch is widely used in many industries, including food and beverage and animal feed, market growth is expected to continue.

Tap into Market Opportunities and Stay Ahead of Competitors – Get Your Sample Report Now!
https://www.futuremarketinsights.com/reports/sample/rep-gb-16378

The tapioca market will have several growth opportunities in the next years due to its use in a multitude of industries. Because it is gluten-free, grain-free, and high in carbs, tapioca can help prevent food allergies, celiac disease, and gluten sensitivity. The tapioca market is expected to grow substantially as a result of these medical benefits.

“The market is anticipated to grow by 6,999 thousand tons by 2023. Market growth is influenced by several factors, such as alternatives to gluten and grain foods, the health benefits of tapioca, and the increasing demand for sweet, savory, and bakery products.” says a lead analyst at Future Market Insights.

Key Takeaways from the Market Study

  • The market for tapioca is expected to grow at a CAGR of 4.4% over the forecast period.
  • According to estimates, the Tapioca industry in the Asia Pacific will remain strong throughout the length of the forecast period.
  • Animal feed is one of tapioca’s most significant application areas, projected to grow by 5% CAGR and reach US$ 2.3 Bn by 2033.
  • China’s tapioca industry holds a 50% share of the East Asia market and is projected to expand at a CAGR of over 8.1%—a market size of US$ 1.8 Bn by 2033.

Request Research Methodology to Understand our Data-analysis Process at a Close Proximity
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-16378

Competitive Landscape:

In developed regions, tapioca starch is used by several industrial companies for multiple purposes, such as thickening and stabilizing. The company has adopted other growth strategies, including partnerships, acquisitions, and research and development, to extract tapioca efficiently. These strategies have resulted in major developments in the tapioca industry.

Key Companies Profiled in the Tapioca Market

  • 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.

Recent Developments:

  • Starpro is Thailand’s largest manufacturer and supplier of tapioca starch. Cargill, Inc. plans to expand its operations throughout the Asia Pacific region in 2021 due to this partnership.
  • It was announced in February 2021 that Tate & Lyle PLC would acquire 85 percent of Thailand’s Chaodee Modified Starch Co Ltd.

Buy Now and Gain a Competitive Advantage
https://www.futuremarketinsights.com/checkout/16378

Tapioca Market Segmentation by Category

By Types:

  • Fresh
  • Dried

By Uses:

  • Thickening Agent
  • Stabilizer Agent
  • Bodying Agent
  • Binding Agent

By Applications:

  • Food, Beverage
  • Textile Industry
  • Glue Industry
  • Pharmaceutical Industry
  • Cosmetics Industry, Mining Industry, Constructions Industry
  • Others

By Product:

  • Tapioca Animal Feed
  • Tapioca Flour
  • Tapioca Chips
  • Pellets
  • Pearls

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these