Global Tapioca Starch market: Overview
Tapioca refers to a gluten-free starch that is derived from the root of cassava. Tapioca starch is utilized as a thickening agent in both savory and sweet dishes. Tapioca comes with strong gelling powder and a neutral flavor. The strong gelling power makes it effective thickening agent in savory and sweet food items, which is likely to spell growth for the global tapioca starch market over the tenure of assessment, from 2020 to 2030.
Tapioca starch can be procured in two different forms, instant flakes and flour. The starch is opaque in appearance before cooking, however it turns translucent once hydrated. Next to rice and maize, Tapioca starch has gathered huge popularity as an important source of calorie in the countries of Asia Pacific, Africa, and Latin America. Ability of cassava plants to produce larger yields and broad agro-ecological adaptability of the starch are likely to play an important role in driving the demand for tapioca starch. In addition, the investment is quite affordable for the producers, which is likely to augur well for the market in the times of come.
Product type, application, and region are the three important parameters based on which the global tapioca starch market has been classified. Such detailed analysis of the market comes with the sole purpose to provide stakeholders with a detailed and clear analysis of the global tapioca starch market.
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Global Tapioca Starch market: Notable Developments
One of the important market developments that give a quick view of the dynamics pertaining to the global tapioca starch market is mentioned as below:
- In March 2017, US-based Ingredion Inc made an acquisition of the rice flour and rice starch business of Thailand-based Sun Flour Industry Co. Ltd. With four manufacturing units in Thailand, Ingredion has expanded its customer base in Asia Pacific.
Some of the prominent organizations in the global tapioca starch market comprise the below-mentioned:
- Quality Starch & Chemicals (India) Pvt. Ltd
- National Starch & Chemical (Thailand) Limited
- American Key Food Products (AKFP)
- Ciranda, Inc.
- Authentic Foods, Inc
- Ingredion Incorporated
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Global Tapioca Starch Market: Key Trends
The global tapioca starch market is marked with the presence of the following restraints, drivers, and opportunities.
Increased Demand from Various End Use Sectors to Fuel Market Growth
Tapioca starch is used in a wide range of applications, ranging from animal feed business to food and beverage, which is likely to play an important role in the expansion of the global tapioca starch market over the tenure of assessment, from 2020 to 2030.
The growth of the global tapioca starch market is primarily driven by its various applications. The product is widely utilized as a stabilizing and thickening agent. High carbohydrate content in the starch and prevention from various food allergies is estimated to support expansion of the global tapioca starch market in the years to come. Besides, tapioca starch plays an important role in maintaining the level of blood sugar and in diminishing the level of cholesterol. In addition, a rise in per capita income is expected to fuel increased sale of the product.
Tapioca starch has increasingly witnessed its use as a bodying agent in a wide range of infant nutritional supplements and baby food products available commercially. Organic, gluten-free tapioca has experienced high demand from people suffering from celiac disease. Furthermore, as more women join the workforce, the demand for infant formulas is bound is rise, which is likely to widen the scope of the growth of the global tapioca starch market over the period of assessment, from 2020 to 2030.
Global Tapioca Starch market: Geographical Analysis
Asia Pacific is likely to emerge as one of the dominating regions in the global tapioca starch market and the region is expected to continue with its regional dominance throughout the tenure of assessment. Countries like Thailand, India, Indonesia, and China where the use of tapioca starch is high is likely to remain at the forefront of the growth of the market in Asia Pacific.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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