A new market study, titled “Discover Global Tapioca Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
Tapioca is a kind of starch that is made from the cassava plant. The storage roots of this plant are processed to make powdery flour. Initially, the cassava root was used for consumption in North Brazil and with time moved on to the rest of the world. There are different ways of consuming the root and tapioca is a very common form of using the root. This flour is used as a thickening agent in soups and gravies and these days, a lot of Asian drinks use pearl tapioca for flavor and visual effect.
The fact that cassava roots grow in all types of soil and does not need a lot of maintenance makes tapioca a favorite staple food in many countries. Tapioca is full of starch and is also gluten free. The attraction and demand for gluten-free food globally is a major factor that is promoting the growth of this market. This starch is also used in different industrial applications for making biodegradable bags and in starching fabric in the textile industry.
This tapioca market study report talks about the global market drivers that affect the growth of this industry and the regional factors that both positively and negatively impact the market. The report forecasts the growth of this industry up to the year 2024 and factors like revenue growth, market share, profitability, and CAGR percentage are analyzed. The important market trends are pointed out in the report and this also gives out vital insider information.
Key Players of Global Tapioca Market =>
- Ingredion Incorporated
- Venus Starch
- Sonish Starch Technology Co., Ltd.
- Royal Ingredients Group B.V.
- Vdelta Co., Ltd
- American Key Products Inc
- Grain Millers, Inc.
- Quality Starch & Chemical (India) Pvt Ltd
- Varnica Herbs
- Juthai Group Co.,Ltd.
The market is segmented into industrial grade and food grade tapioca. The quality of the flour varies depending on whether it is produced for consumption or for industrial usage. The demand that the food industries and the manufacturing industries have for this starch is identified and mentioned in the report. The different ways in which tapioca is produced are also explained clearly in the report. This analysis also talks about market segmentation based on the areas of usage. Industry and food sectors create the most demand for this starch. The revenues these sectors will help make are mentioned.
Regions like the United States, Europe, China, India, Japan, and Southeast Asia are a part of this study report. The individual production and consumption data of tapioca in each of these regions are investigated in the report. This study also identifies the regions that will emerge market leaders based on their value and volume of production and consumption. The key players in these regions and their developmental strategies and growth prospects are identified too. This report goes on to pick up different submarkets that this market creates and talks about the scope of growth of these markets.
In a recent Taiwanese trade event hosted in Fukuoka, Japan, about 20 different Taiwanese companies pitched their recent innovations done on tapioca. The rising demand for use of tapioca in Asian beverages and desserts has caused a flurry of interest in these companies.
Company Name: Wiseguyreports.com
Contact Person: Norah Trent
Email: Send Email
Phone: +1 646 845 9349, +44 208 133 9349