Overview:
Tapioca
refers to the starch extracted from cassava root. Once the cassava
plants are harvested, their roots are treated in order to remove
toxins present in plants. The starch obtained is known as tapioca,
which is further processed into various forms such as flakes, powder
ball-shaped pearls or sticks. Tapioca is highly rich in carbohydrate,
and have lower content of protein, saturated fat, and sodium. Tapioca
also contains the vitamin B-complex, comprising folate, pantothenic
acid, and B6, as well as iron, calcium, manganese, copper, and
selenium. The major producers of tapioca includes Brazil, Nigeria
and Thailand. Owing to the unique composition of vitamins,
carbohydrates, minerals, and organic compounds in tapioca, it has
gained high preference in staple food. Tapioca ingredients/extracts
are widely used as a thickening agent for sauces, gravies,
casseroles, pies, soups, and other desserts.
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In
addition, tapioca ingredients possess high medicinal value, thus is
very beneficial for health. It helps in increasing blood circulation
and red blood cell count, protects heart health, healthy weight gain,
lower cholesterol, prevent diabetes, improve metabolic activities,
improve digestion, protect against birth defects, protect bone
mineral density, and maintains fluid balance within the body.
Global
Tapioca ingredients/extracts Market: Market Segmentation
The
global tapioca ingredient/extracts market is segmented on the basis
of form, application, function and region type. On the basis of form,
tapioca ingredient/extract market is segmented into natural, dried,
toasted, and fermented.
On
the basis of application, the tapioca ingredients/extracts market is
segmented into food & beverages, animal feed, and other end-user
application. Food & beverages application is further
sub-segmented into confectionary, beverages, processed foods, and
others. Sub-segments of animal feed include swine feed, ruminant
feed, poultry, and others. Tapioca has gained high demand in food &
beverages industry owing to its neutral flavor and strong gelling
power. It serves as a thickening agent in the sweet and savory foods.
Tapioca needs to be soaked first, and then boiled with a liquid to
form a gel. Additionally, tapioca, being a gluten free product, is
the most common ingredient in the gluten free foods. This is due to
its ability to improve moisture and texture in the absence of gluten.
Other end-user application includes medicines & pharmaceuticals,
weaving & textiles, paper making, cosmetics, and others.
Based
on functions, the global tapioca ingredients/extracts market is
segmented into thickening, binding, emulsifying, stabilizing, and
others (gelling, adhesion, moisture retention, film formation, fat
substitution and others). Thickening function of tapioca is expected
to gain high demand during the forecast period.
Global
Tapioca ingredients/extracts Market: Regional Outlook
Geographically,
the global
tapioca ingredients/extracts market can be segmented into major
regions including North America, Latin America, Europe, Asia Pacific,
Middle East and Africa. Globally, among all regions, North America is
expected to be the largest market for tapioca ingredients/extracts.
Increasing demand of convenience food is one of the major factor
contributing to the high market share of tapioca ingredients/extracts
in North America. Asia Pacific region is projected to be the fastest
growing market owing to the increased applications of tapioca
ingredients/extracts in the food & beverages industry.
Global
Tapioca ingredients/extracts Market: Growth Drivers
Tapioca
ingredients/extracts market is expected to witness modest growth
during the next couple of years. The growth is supported by various
macro-economic factors such as population growth, recovered GDP, and
increased disposable income have played a major role in elevating the
demand of tapioca ingredients/extract market. In addition, its high
demand is attributable to the increased applications of starch based
products in food & beverage industry. Rapid urbanization coupled
with the changing life-style and eating habits, along with the
growing awareness level regarding health benefits of tapioca
ingredients/extracts are fueling the growth of global tapioca
ingredients market. Food technologist and companies in this market
are continuously involved in research & development activities to
enhance the tapioca ingredients/extracts profile so as to modify it
as per use.
Global
Tapioca ingredients/extracts Market: Players
Some of the key players identified across the value chain of the global tapioca ingredients/extracts market include Avebe U.A., Archer Daniels Midland Company, Cargill, Incorporated, Ingredion Incorporated, Tate & Lyle PLC, Emsland-Starke GmbH, Agrana Beteiligungs-Ag, and Tereos Syral S.A.S among others. Companies in the global tapioca ingredients/extracts market are focusing upon expanding their product portfolio through new product launches.
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