The Global Tapioca Starch Market is forecast to reach USD 9,686.5 Million by 2028, according to a new report by Reports and Data. Tapioca starch is a starchy flour that has a variety of uses in baking. It involves squeezing the starchy liquid out of cassava root. Tapioca starch is widely used as a thinking and stabilizing agent in commercial, industrial, and residential applications. Tapioca starch is a carbohydrate-rich and gluten-free, and it has gained popularity due to the rising trend of a healthy food diet. It is used for the production of packaged snacks like chips with added flavors. Moreover, it is also being explored as a permissible feedstock for the production of biofuels.

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The booming textile industry in the developing economies also has a heavy demand for this product because of its high film strength and superior binding capacities, which makes it useful for various applications in this industry. Poor crop quality of the starch sources and price fluctuations in raw materials often come in the way of product growth and market occupancy. Some top companies in this field are readily working to address the aforementioned challenges. The Asia Pacific region is forecasted to contribute to the overall growth of the Tapioca market owing to the prominent countries such as China, India, Indonesia, and Thailand, which are leading producers of the product. The market is expected to gain traction during the forecast period.

Some of the Leading Market Players Are Listed Below:

·       Tate & Lyle PLC,

·       Cargill, Inc.,

·       Ingredion Inc.,

·       Emsland-Starke GmbH,

·       Navin Chemicals,

·       Pruthvi’s Foods Pvt. Ltd.,

·       Sonish Starch Technology Co. Ltd.

·       Others

Market Overview:

All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.

As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.

Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.

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Market Segmentation:

Source Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)

• Bitter Cassava
• Sweet Cassava

Form Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)

• Tapioca Pearls
• Tapioca Flour
• Tapioca Pellets
• Tapioca Flakes
• Tapioca Syrup
• Tapioca Granules

Applications Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)

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

End-Users Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)

• Food and Beverage
• Glue Industry
• Building and Construction
• Textiles
• Pharmaceutical
• Mining
• Cosmetics

The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.

The Tapioca Starch market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Tapioca Starch market.

The global Tapioca Starch market is segmented into:

·       North America (U.S.A., Canada, Mexico)

·       Europe (Italy, U.K., Germany, France, Rest of Europe)

·       Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

·       Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

·       Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

·       What are the dominating factors that are influencing the growth of the industry?

·       In the forecast period, which market segment is expected to rise the most?

·       What are the risks and challenges that the industry is facing?

·       In the coming years, which area is projected to dominate the market?

·       Who are the major players in the market? What kind of strategic business plans have they made?

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