Tapioca Starch Market Assessment & Opportunity Analysis Recorded by 2028

Posted by Arslan on March 8th, 2019

This research report titled “Tapioca Starch Market Assessment & Opportunity Analysis Recorded by 2028” focuses on the tapioca starch market, published to the vast repository managed by FactMR. The analysis focuses on the prime geographical regions based on their market size, revenue and attractiveness factors. Furthermore, the research discusses various segments from the tapioca starch market to examine future lucrativeness and spot growth prospects during 2018-2028.  Readers can even access information such as key developments, technologies, innovations, etc., concerned to the tapioca starch market.

Tapioca starch has gained immense popularity as one of the imperative calorie source, after maize and rice, in tropical regions such as Asia, Latin America, and Africa. Broad agro-ecological adaptability and ability of cassava plant to produce larger yields, at affordable investments, has further facilitated meeting rising demand for tapioca starch among end-use industries. Widespread applicability of tapioca starch across myriad industries, ranging from food & beverages to animal feed, will continue to underpin growth of the tapioca starch market.

Inherent properties of tapioca starch enable its utilization as an alternative to some leading starches in the world, including corn and potato starch. Tapioca starch continue to prevail as a hidden ingredient in the global supply chain, as most consumers are unaware of their daily interaction & consumption of this cassava extract. Emerging applications in infant formulas and baby food products, coupled with innovation-driven efforts of major producers, is expected to fuel future growth of the tapioca starch market.

A new FactMR study envisages the tapioca extract market to exhibit an impressive 6.1% value CAGR over the period of forecast (2018-2028). Over 18,400,000 tons of tapioca starch are likely to be sold worldwide by 2028-end.

Tapioca Starch Market: Growth Driven by Product Innovations in Line with Green Label Trend

As the popularity of tapioca starch represents a surge, manufacturers are introducing innovations with regard to processing techniques and packaging methods. Additionally, new recipes involving tapioca starch have been gaining momentum worldwide recently. Following the suit of changing consumption patterns of consumers, novel packaging designs are viewed by manufacturers as a key sales strategy to modern customers, who are becoming more aware about product labelling and opting for clean-label products. This is further expected to significantly influence growth of the tapioca starch market in the forthcoming years.

Food manufacturers are experimenting ways for delivering different snacks including tapioca starch, to compete with corn and potato starch-based snacks that have an established presence. Consumer preference for clean-label products, along with quality & taste, in combination with this cassava extract’s ability to serve as an effective alternative to modified starches employed in processed food products, will continue to be significant growth determinants for the tapioca starch market.

Albeit theoretical implications of cassava flour’s ability to completely replace its wheat counterpart, practical limits have been witnessed while determining levels of substitution regarding the same. This has inhibited the use of tapioca starch in convenience food products, such as cakes, biscuits, and breads, where wheat flour has held pervasive dominance. Such irreplaceable applications of wheat flour in the processed and packaged food industry is likely to remain a key challenge for tapioca starch market stakeholders.

Commercially available tapioca starch, considered third most imperative food source across tropical regions, is generally deemed as safe for human consumption by the FDA. However, poor processing methods employed have led to remnants of leaves & roots’ traces, which contain “linamarin” that further triggers cyanide production. Improper processing methods used for tapioca starch have resulted in numerous cyanide-associated health issues, including nerve-damaging ailments and goitre, especially in malnourished individuals. Chronic toxic effects of cyanide, coupled with surplus alternatives to tapioca starch, has been limiting growth of the tapioca starch market.

Cultivated by economically-challenged upland farmers, cassava is produced as a secondary refuge crop. Despite vital importance and robust penetration in the food and nutrition industry, cassava roots are yet ignored in the field of R&D, while facing low priority among national governments. Unawareness among consumers with regard to their daily consumption of tapioca starch has been the primary backing factor responsible for ignorance in modern applications of this cassava extract. Additionally, the tapioca starch market has prevailed off radar, in terms of private sector investments. This has further confined the scope of innovation in the tapioca starch market beyond the processing industry.