Global Tapioca Starch Market Overview:
Tapioca starch is also known as Tapioca flour which is starchy flour that has a variety of uses in baking. It involves squeezing 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 expected to grow significantly in the forecasted period owing to the high percentage of carbohydrate and prevent food allergies. Some of the players profiled in the study are SPAC Starch Product India Ltd. (India), Vaighai Agro Products (India), Matna Foods Ltd. (Nigeria), Thai German Processing Co. Ltd. (Thailand), TAPIOCA VIETNAM Company (Vietnam), Ciranda (United States), Authentic Foods (United States) and DAYELET (Spain).
On the basis of geography, the market of Tapioca Starch has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Uses, the sub-segment i.e. Thickening Agent will boost the Tapioca Starch market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Rise in Awareness of Health Benefit Associated with Tapioca
- Increase in Demand for Premium Food Products
- Increasing Consumption of Processed and Convenience Food
Influencing Trend
- Innovation in Cassava Starch Based Product
- Application in Infant Nutrition and Baby
- Increasing Research & Development Activities to Develop Innovative Products
Restraints
- Stringent Rules and Regulation Related to Labeling and Packaging
- Limited Sources and High Cost of Natural Additives
Opportunities
- Growing Demand for Healthier Low Fat Alternative
- Untapped Applications of Tropica Starch
Challenges
- Approval From Various Regulatory Bodies
- Rising Costs of Raw Materials
Key Market Developments:
In January 2019, ADM has formed a partnership with Thai tapioca starch producer General Starch Limited (GSL), granting ADM the exclusive distribution rights to GSL’s range of tapioca starches in the majority of European countries as well as in the Middle East and Africa.
Adoption of tapioca starch among urban consumers is likely to rise with growing demand in food as well as industrial processing applications. This will further encourage communication between relevant market stakeholders and consumers, resulting in the development of a robust distribution network as a consequence.
Target Audience:
Tropica Starch Developers and Manufacturers, Tropica Starch Suppliers and Distributors, Health Care Providers, Government and Regional Agencies and Other
Major Objectives Focused through this Study
To define, describe, and forecast the Global Tapioca Starch market on the basis of product [Fresh and Dried] , application [Food(Snacks, Ice Creams, Confectionaries, Syrups), Beverage, Textiles Industry (Fabric finishing and Printing), Glue Industry, Pharmaceutical Industry, Cosmetics Industry, Mining Industry, Construction Industry and Others (Animal Feed and Home Use)], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Tapioca Starch market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Tapioca Starch industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Erkang Pharma (China), Quality Starch & Chemicals (India) and Thai Topic Strach (Thailand).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Tapioca Starch market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.