The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.
The report offers actionable and valuable market insights of Tapioca Starch. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Tapioca Starch Market across various industries and regions.
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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.
|Market Size Value in 2022||US$ 4.7 Bn|
|Project Market Forecast Value in 2032||US$ 9 Bn|
|Global Growth Rate (2021-2031)||6.7%|
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Tapioca Starch market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Tapioca Starch.
This newly published and insightful report sheds light on Market Insights of Tapioca Starch, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Tapioca Starch Market.
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Key Segments Covered in the Tapioca Starch Industry Analysis
- By Source :
- Bitter Cassava Tapioca Starch
- Sweet Cassava Tapioca Starch
- By Form :
- Tapioca Pearls
- Tapioca Flour
- Tapioca Granules
- Tapioca Flakes
- Tapioca Pellets
- Tapioca Syrup
- By Application :
- Tapioca Starch for Food & Beverages
- Tapioca Starch for Industrial Processing
- Tapioca Starch for Animal Feed
- Tapioca Starch for Other Applications
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Key Takeaways from the Market Study
- By form, tapioca pearls are expected to hold more than 30% market share for tapioca starch market.
- By application, food and beverage industry is expected to possess more than 45% market share for tapioca starch market.
- Tapioca starch industry expected to garner US$ 60 Mn market revenue for North America.
- Tapioca starch industry expected to possess nearly 35% market share throughout Europe.
“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.
- In March 2021, Cargill, Inc. added label-friendly tapioca starches to its Slim-Pure line of label-friendly starches. The company is focusing on delivering creamy textures and offering cold storage stability.
- In January 2021, Tate & Lyle PLC announced the expansion of its line of tapioca based starches. The company launched REZISTA MAX thickening starches and BRIOGEL gelling starches. The company is focusing on improving the texture and fluidity of tapioca starches.
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- Market Analysis of Tapioca Starch
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More Valuable Insights on Tapioca Starch Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Tapioca Starch, Sales and Demand of Tapioca Starch, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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