Global Tapioca Market 2017-2021
Tapioca is a starch extracted from the roots of cassava. It mainly contains carbohydrates and low amounts of nutrients like vitamins, fiber, proteins, and others. It has a texture similar to corn flour. It has a neutral taste and is grain-free, gluten-free, and nut-free. It is called by different names in different regions.
Technavio’s analysts forecast the global tapioca market to grow at a CAGR of 3.27% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global tapioca market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Tapioca Market 2017-2021
Technavio recognizes the following companies as the key players in the global tapioca market: American Key Food Products, Cargill, Ingredion, Tate & Lyle, and Venus Starch Suppliers.
Other Prominent Vendors in the market are: AGRANA Beteiligungs, Emsland Group, Grain Millers, Grain Processing Corporation, Parchem fine & specialty chemicals, PT Budi Starch & Sweetener, Royal Ingredients Group, Tereos, and VIET DELTA CORPORATION.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is usage of natural gum. Due to an increase in health consciousness, consumers prefer clean label foods; clean label indicates that artificial ingredients have not been used in the product. Natural tapioca has certain issues like retrogradation and low water-holding capacity.”
According to the report, one driver in the market is growing demand in various developing countries. The demand for tapioca is rising in many parts of the world, particularly in developing countries like Brazil, Indonesia, and India. Tapioca is an important ingredient in many dishes and packaged foods sold in several countries. However, most consumers are unaware of the same. With an increase in the availability of gluten-free products in the market, the popularity of tapioca is rising.
Further, the report states that one challenge in the market is adverse health effects. Tapioca has numerous health benefits, but it also has a few side effects, which can affect the market growth. Tapioca is high in carbohydrates and is high on the glycemic index scale. Glycemic index scale is a numeric index, which indicates the effect of certain food products on a person's blood glucose level. It uses a scale range of 0 to 100, with higher values assigned to foods that cause a rapid increase in the blood sugar level.
American Key Food Products, Cargill, Ingredion, Tate & Lyle, Venus Starch Suppliers, AGRANA Beteiligungs, Emsland Group, Grain Millers, Grain Processing Corporation, Parchem fine & specialty chemicals, PT Budi Starch & Sweetener, Royal Ingredients Group, Tereos, and VIET DELTA CORPORATION.
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