ROCKVILLE, MD / ACCESSWIRE / February 26, 2021 / Tapioca starch sales are set to grow at nearly 6% in 2021, with demand driven by pervasive preference for healthy and gluten free. Despite uncertainty induced due to COVID-19, distribution channels have shown resiliency, and 2021 is likely to a better year for stakeholders vis-à-vis 2020. Global consulting firm Fact.MR opines tapioca starch sales to remain steady in US and Western Europe, while breaking new ground in Asia Pacific.
"Tapioca starch's uniqueness in not altering the food flavor continues to be the USP. Moisture regulation is a key focus area for F&B industry, and tapioca starch has proven to be an excellent candidate."
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Key Takeaways from Fact.MR's Tapioca Starch Market Study
- Flour and pearls remain the top-selling variants, whereas tapioca pellets demand will grow at a brisk pace
- Tapioca starch manufacturers targeting feed segment to complement revenues from food applications
- US tapioca starch market continues to be lucrative, but steady sales in UK, France, Germany growing at a higher pace
- Consumer awareness about tapioca starch lower than other gluten-free ingredients
- Use of tapioca starch in cakes, biscuits, and breads still limited, as wheat flour offers advantages
Key Drivers
- Tapioca starch sales are riding the coattails of health and wellness trend. This remains a macro driver for manufacturers
- Gluten-free is gaining consumer imagination and preference, and gains are visible in all gluten-free starch categories
- Little to no interference in the flavor of a product remains a strong USP for tapioca starch
Key Restraints
- Tapioca starch is not as well-known in the gluten-free starch category
- Challenges with replacing wheat flour with tapioca starch continue to limit adoption
Discover more about tapioca starch market with 160 figures and 110 data tables, along with the table of contents. You will also find detailed market segmentation at https://www.factmr.com/report/844/tapioca-starch-market
Competitive Landscape
Some of the players profiled by Fact.MR in its study on tapioca starch market include Cargill, Inc., Emsland-Starke GmbH, Ingredion Inc., Sonish Starch Technology Co. Ltd., Vaighai Agro Products ltd., and Navin Chemicals.
Considering the key requirements of food and feed companies, tapioca starch manufacturer are focusing on launching products with excellent moisture regulation properties. Further, manufacturers are also working on launching products that have excellent fat reduction properties.
More Insights on the Tapioca Starch Market
Fact.MR, in its new offering, presents an unbiased analysis of the global tapioca starch market. The study divulges essential insights on the basis of source, form, application, and function across five major regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).
Key Questions Covered in the Report?
- How will the global tapioca starch demand grow throughout 2021?
- Why are manufacturers targeting APAC?
- What drivers underpin the tapioca starch demand growth?
- What restraints are anticipated to impact the said growth projections?
- Which industry will drive demand for tapioca starch?
- How competitive is the global tapioca starch market?
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SOURCE: Fact.MR
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