Global Tapioca Market 2024-2028
Technavio has been monitoring the tapioca market and is forecast to grow by USD 44.2 mn during 2023-2028, accelerating at a CAGR of 4.42% during the forecast period. Our report on the tapioca market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by alternative to gluten and grain food products, health benefits associated with tapioca, and increasing demand for savory, bakery, and sweet food items.
Technavio's tapioca market is segmented as below:
By Application
- Animal feed
- Food and beverage
- Industrial
By Type
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the usage of tapioca in bioplastics as one of the prime reasons driving the tapioca market growth during the next few years. Also, increasing usage of natural gum and growing demand for clean labeled tapioca will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the tapioca market covers the following areas:
- Tapioca market sizing
- Tapioca market forecast
- Tapioca market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading tapioca market vendors that include American Key Products Inc., 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., Tapioca Vietnam, Tate and Lyle PLC, Tereos Participations, and Venus Starch Suppliers. Also, the tapioca market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.