Global Tapioca Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2015 to 2031

Tapioca Market Introduction:

“The Tapioca Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

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Tapioca is Sago palm starch that is boiled in water. It has the consistency of a slow-cooked oatmeal. Tapioca can be used as an ingredient for either sweet or savory dishes.

It can be eaten plain, mashed with milk and sugar to create tapioca pudding, or used to thicken sauces. Sweet cassava is rarely grown on a large scale because it is very small and limited require.

It also contains trace amounts of cyanide, almost none. There are few applications in food processing or the biofuel industry, mainly as a cooking ingredient.

Bitter cassava is a highly exported variety characterized by its high content of cyanide, making it unsuitable for human consumption, but highly valuable in industrial processing into tapioca starch, potato chips, and granules for various industrial applications. Starch is the raw material for processing ethanol.

The increased demand for tapioca can be attributed to a number of different factors. Increasingly, people are opting to use tapioca in place of more traditional rice-based foods due to the latter's inability to provide adequate sustenance during times of food scarcity.

Farmers in regions where the crop is grown are realizing that they will be able to increase their profits by growing tapioca instead of rice.

Tapioca starch, commonly known as tapioca starch, is derived from the cassava plant root found in equatorial regions. Production of cassava plants is dominated by Nigeria (19%), Democratic Republic of Congo (13%), Thailand (10%), Ghana (7%) and Brazil (6%). In 2020, China was one of the main importers of cassava, accounting for 69% of the total value of cassava imports.

China alone imported 2.8 million tonnes of tapioca flour, followed by Taiwan (281,000 tonnes) and Indonesia (149,000 tonnes). Malaysia and Japan countries follow Malaysia.

Cumulatively, the top five cassava importers accounted for about 86% of the total value of cassava imports.

Increasing demand for Tapioca

Demand for tapioca is increasing due to the plant-based diet trend. Manufacturing low-carb, high fiber foods that are gluten-free is important for the growth of tapioca because it is a gluten-free starch. Tapioca has many applications in various food products which are appealing to consumers. Tapioca pearls are often used in various Asian dishes, but they can also be boiled with sugar to make tapioca syrup, which is used in many recipes. The tapioca is derived from the cassava root and is commonly known as manioc starch in some countries. It has a number of uses in food production including thickening, stabilizing, and gelling.

COVID-19 impact on the Tapioca Market

The COVID-19 pandemic has slowed major trade activities in many countries. The outbreak of this particular epidemic has affected the respective supply chains of businesses across the globe.

As major economies have experienced preventive manufacturing lockdowns, a considerable gap has developed between supply and demand in the market, making it difficult for manufacturers and distributors to manage their supply operations.

This is also a major factor that is expected to negatively impact the future revenue growth prospects of the frozen bakery market. The possibility of an impending recession could also adversely affect future investments in the industry.

Key factors limiting the revenue growth of tapioca market

Availability of alternative subsitutes for tapioca starch such as rice flour, arrowroot, all-purpose flour, etc. is expected to limit the revenue growth of tapioca market.

Moreover, tapioca is a starch that is boiled and then dried. It is very bland and can be used as a thickener for sauces and soups, but it has several disadvantages. Tapioca does not break down at high temperatures, so it cannot be used to thicken or form gels for hot foods.

Leading Tapioca-Producing Countries Worldwide 2021

1. Thailand
2. Brazil
3. Nigeria
4. Indonesia

Top Importers and Exporters of Tapioca in 2020

Tapioca Market Regional Analysis 

The North American region in the tapioca market is expected to account for significant market share among others

The prevalence of celiac disease in Europe and North America has led to the requirement for tapioca starch to be present in most processed food. This is because tapioca starch is gluten-free and does not pose a health risk to those with Celiac Disease.

Tapioca starch also improves texture, chewiness, and oil release in the dough.

Gluten-free food and beverages are becoming more common across Europe. As people are opting to try gluten-free products, starch manufacturers are seeing increased demand for tapioca starch.

Tapioca starch is found in many gluten-free foods, including pasta, desserts, frozen foods, ice cream, salad dressings, sauces, and dairy products. Recent research indicates that the number of people who buy their groceries online has increased by 10% year on year in 2014.

World Tapioca Import-Export Quantities (Tons) 2017-2020

Source: Prudour, 2021

Tapioca Market Competitive Landscape

A list of the leading players operating in the Global Tapioca Market is mentioned below:

• Cargill Inc.
• Tate & Lyle Plc.
• Emsland-Starke GmbH
• Navin Chemicals
• Pruthvi’s Foods Pvt. Ltd.
• Vaighai Agro Products Ltd.
• Sonish Starch Technology Co. Ltd.
• American Key Food Products
• Varalakshmi Starch Industries Pvt. Ltd.
• Other Key Industry Players

Tapioca Market Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Tapioca Market Key Regions Covered

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Tapioca Market Key Segments Covered

Tapioca Market, By Source

• Bitter Cassava Tapioca Starch
• Sweet Cassava Tapioca Starch

Tapioca Market, By Form

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

Tapioca Market, By Application

• Food & Beverages
• Animal Feed
• Pharmaceutical Industry
• Textile Industry
• Glue Processing
• Other Applications

Tapioca Market, By Distribution Channel

• Hypermarket/Supermarket
• Convenience Stores
• Online Stores
• Other Distribution Channels