Tapioca ingredients/extracts Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
- Transparency Market Research
Tapioca refers to the starch extracted from cassava root. Once the cassava plants are harvested, their roots are treated in order to remove toxins present in plants. The starch obtained is known as tapioca, which is further processed into various forms such as flakes, powder ball-shaped pearls or sticks. Tapioca is highly rich in carbohydrate, and have lower content of protein, saturated fat, and sodium. Tapioca also contains the vitamin B-complex, comprising folate, pantothenic acid, and B6, as well as iron, calcium, manganese, copper, and selenium. The major producers of tapioca includes Brazil, Nigeria and Thailand. Owing to the unique composition of vitamins, carbohydrates, minerals, and organic compounds in tapioca, it has gained high preference in staple food. Tapioca ingredients/extracts are widely used as a thickening agent for sauces, gravies, casseroles, pies, soups, and other desserts.
In addition, tapioca ingredients possess high medicinal value, thus is very beneficial for health. It helps in increasing blood circulation and red blood cell count, protects heart health, healthy weight gain, lower cholesterol, prevent diabetes, improve metabolic activities, improve digestion, protect against birth defects, protect bone mineral density, and maintains fluid balance within the body.
Global Tapioca ingredients/extracts Market: Market Segmentation
The global tapioca ingredient/extracts market is segmented on the basis of form, application, function and region type. On the basis of form, tapioca ingredient/extract market is segmented into natural, dried, toasted, and fermented.
On the basis of application, the tapioca ingredients/extracts market is segmented into food & beverages, animal feed, and other end-user application. Food & beverages application is further sub-segmented into confectionary, beverages, processed foods, and others. Sub-segments of animal feed include swine feed, ruminant feed, poultry, and others. Tapioca has gained high demand in food & beverages industry owing to its neutral flavor and strong gelling power. It serves as a thickening agent in the sweet and savory foods. Tapioca needs to be soaked first, and then boiled with a liquid to form a gel. Additionally, tapioca, being a gluten free product, is the most common ingredient in the gluten free foods. This is due to its ability to improve moisture and texture in the absence of gluten. Other end-user application includes medicines & pharmaceuticals, weaving & textiles, paper making, cosmetics, and others.
Based on functions, the global tapioca ingredients/extracts market is segmented into thickening, binding, emulsifying, stabilizing, and others (gelling, adhesion, moisture retention, film formation, fat substitution and others). Thickening function of tapioca is expected to gain high demand during the forecast period.
Global Tapioca ingredients/extracts Market: Regional Outlook
Geographically, the global tapioca ingredients/extracts market can be segmented into major regions including North America, Latin America, Europe, Asia Pacific, Middle East and Africa. Globally, among all regions, North America is expected to be the largest market for tapioca ingredients/extracts. Increasing demand of convenience food is one of the major factor contributing to the high market share of tapioca ingredients/extracts in North America. Asia Pacific region is projected to be the fastest growing market owing to the increased applications of tapioca ingredients/extracts in the food & beverages industry.
Global Tapioca ingredients/extracts Market: Growth Drivers
Tapioca ingredients/extracts market is expected to witness modest growth during the next couple of years. The growth is supported by various macro-economic factors such as population growth, recovered GDP, and increased disposable income have played a major role in elevating the demand of tapioca ingredients/extract market. In addition, its high demand is attributable to the increased applications of starch based products in food & beverage industry. Rapid urbanization coupled with the changing life-style and eating habits, along with the growing awareness level regarding health benefits of tapioca ingredients/extracts are fueling the growth of global tapioca ingredients market. Food technologist and companies in this market are continuously involved in research & development activities to enhance the tapioca ingredients/extracts profile so as to modify it as per use.
Global Tapioca ingredients/extracts Market: Players
Some of the key players identified across the value chain of the global tapioca ingredients/extracts market include Avebe U.A., Archer Daniels Midland Company, Cargill, Incorporated, Ingredion Incorporated, Tate & Lyle PLC, Emsland-Starke GmbH, Agrana Beteiligungs-Ag, and Tereos Syral S.A.S among others. Companies in the global tapioca ingredients/extracts market are focusing upon expanding their product portfolio through new product launches.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, and others)
- Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Benelux, Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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