Tapioca pearls are starchy food that has a texture of gummy-like spheres made from the starch of the cassava root. It gets its name from its shape, and the cassava starch is formed into spheres ranging from about 1 to 8 millimeters in diameter. Tapioca pearls are the most common form of tapioca products worldwide, though the starch may also be formed into powder, flakes, or sticks. Pearl tapioca is also called boba and is a popular ingredient in Asian desserts. Nowadays, very small tapioca pearls are also available in the market, which can be used just by soaking them in hot water. It can be quickly used in desserts, that why people prefer it.
MARKET DYNAMICS
The increasing demand for tapioca pearl due to the bubble tea concept is gaining traction. This was originated in Taiwan, but in recent years the bubble- tea has become a part of their social life, and hence it has increased the demand for tapioca pearls. Previously the tapioca pearls required for the bubble tea were imported from Taiwan, but now many companies are also producing it to cut down on cost. Some of the major reasons for increasing demands of tapioca pearls are that they are gluten-free, may help in digestion, aid with the production of red blood cells, and it contains low sodium. In North America and European regions, the high demand for a bubble tea is observed. As a binder and ingredient stabilizer, it can be added to ground products such as chicken nuggets, burger patties, etc.
MARKET SCOPE
The "Global Tapioca Pearls Market Analysis to 2028?" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the tapioca pearls market with detailed market segmentation by size, end use, distribution channel and geography. The global tapioca pearls market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading tapioca pearls market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global tapioca pearls market is segmented on the basis of size, end use, and distribution channel On the basis of size the global tapioca pearls market is segmented into small(<5mm), medium(5-8mm), large(>8mm). By end use the tapioca pearls market is classified into desserts, household/retail, beverages, confectionery and others. Based on distribution channel the global tapioca pearls market is segmented into hypermarkets/ supermarkets, grocery stores, specialty store and others
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global tapioca pearls market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The tapioca pearlsmarket by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the tapioca pearls market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the tapioca pearlsmarket in these regions.
MARKET PLAYERS
The reports cover key developments in the tapioca pearls market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from tapioca pearls market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the tapioca pearls market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the tapioca pearls market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- US Boba Company
- American Key Food Products
- Universal Thai International Enterprise Co. Ltd.
- Thai Wah Public Company Limited
- Andes Foods Ltd.
- Sunnysyrup Food
- TING JEAN FOODS
- Vernica Herbs
- Venus Starch
- Grain Milers
The Insight Partner dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.