Global Tapioca Powder Market was valued at USD 0.40 Billion in 2022 and is projected to reach USD 0.64 Billion by 2030, growing at a CAGR of 6.20% from 2024 to 2030.
The tapioca powder market has seen significant growth in recent years, driven by an increase in demand for gluten-free and vegan food options. Tapioca powder, also known as tapioca starch, is a versatile ingredient extracted from the cassava root. It is widely used in a variety of industries, including food and beverages, pharmaceuticals, and cosmetics. This growth can be attributed to the increasing awareness of health-conscious consumers who are seeking natural, plant-based alternatives to traditional food ingredients. The rising popularity of tapioca-based products, such as bubble tea, has further propelled the demand for tapioca powder worldwide.
In the food and beverage industry, tapioca powder is used as a thickening agent, stabilizer, and binder. It is commonly found in gluten-free baking, soups, sauces, and even snacks. With the surge in demand for gluten-free products, the tapioca powder market is expected to continue expanding. Moreover, as more consumers embrace plant-based diets, tapioca powder has gained traction in vegan and vegetarian food formulations. The Asia Pacific region, particularly countries like India and Thailand, is the largest consumer of tapioca powder due to the widespread cultivation of cassava and the rich culinary traditions using tapioca in various dishes.
On the global stage, tapioca powder suppliers are increasing their production to meet the growing demand. Key players are also focusing on sustainable practices, such as sourcing cassava from ethical and eco-friendly farms. With the growing demand for natural and organic food ingredients, manufacturers are innovating by offering organic tapioca powder, which is free from pesticides and chemicals. Additionally, the pharmaceutical industry is also tapping into the benefits of tapioca powder for its role as a binder in tablet formulations.
The tapioca powder market is expected to witness continued growth due to the increasing demand from emerging economies and the rise of health-conscious consumers worldwide. Technological advancements in production and packaging are also contributing to market expansion, making it easier for consumers to access high-quality products. Overall, the market for tapioca powder remains promising, with numerous opportunities for growth in the coming years.
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Cargill
Ingredion
Tate & Lyle PLC
Authentic Foods
Goya Foods
Earthborn Elements
Grain Millers
Bob’s Red Mill Natural Foods
SPAC Starch Products (India)
Sonish Starch Technology
Erawan Marketing Co.
Ltd.
Tai Wah Public
Shandong Rongda Technology
Foshan Xingwang Food Co.
Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Tapioca Powder Market
Food
Beverages
Chemical
Adhesives and Glues
Pharmaceutical
Cosmetics
Paper
Biodegradable Materials
Others
Based on Types the Market is categorized into Below types that held the largest Tapioca Powder market share In 2023.
Native Tapioca Powder
Modified Tapioca Powder
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Tapioca Powder Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Tapioca Powder Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Tapioca Powder Market, By Type
6. Global Tapioca Powder Market, By Application
7. Global Tapioca Powder Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Tapioca Powder Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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