alternative to gluten and grain food products is driving the Tapioca Market
Technavio analyzes that the Tapioca Market is expected to grow at a CAGR of 4.42% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 44.2 million.There are various factors that contribute to the growth of the market. Tapioca, derived from the cassava root, serves as an excellent alternative to gluten and grain-based food products. This versatile carbohydrate source is free from gluten and grains, making it a suitable option for individuals with dietary restrictions or sensitivities. Tapioca is used in various food applications, including pudding, desserts, and as a thickener, offering a wide range of culinary possibilities while catering to diverse dietary needs.
The animal feed sector represents the largest segment of the global tapioca market, accounting for over 25% of cassava production in 2023. Tapioca, derived from the starch processing of cassava roots, serves as a vital ingredient in animal feed for various species, including ruminants, swine, poultry, and fish. With the escalating prices of maize and other conventional animal feed raw materials, the demand for tapioca and cassava-based feeds has surged. The byproduct of cassava starch production, known as cassava pomace, is primarily utilized in animal feed production. This trend is expected to persist throughout the forecast period due to tapioca's beneficial properties, such as its ability to lower cholesterol, provide energy, and contribute fiber and blood sugar regulation, making it an attractive alternative to traditional feed sources.
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Tapioca Market Segmentation
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Tapioca, derived from the cassava root, is a versatile carbohydrate source with applications in various sectors. In animal feed, it serves as an essential energy source. Politically, its production is influenced by global market scenarios. Socially, it's used in dietary food products, including starch, gluten-free alternatives, and lower cholesterol options. It's rich in fiber, aiding in digestion and blood sugar management. Nuts and grains often pair with tapioca in producing nutritious meals. Minerals like calcium, folate, manganese, iron, and folic acid are also present, contributing to overall health. Tapioca's role in preventing neural tube defects adds to its significance.
The global packaged foods and meats market encompasses businesses engaged in food processing to ensure food safety and increase product longevity. According to Technavio, the market's size is determined by the consolidated revenue of the participating vendors. Equipment manufacturers and producers of packaged beverages, including alcoholic and non-alcoholic varieties, are not included. Factors driving the expansion of the global packaged foods and meats market include the health benefits linked to the consumption of minimally processed foods, such as cassava-derived tapioca and tapioca starch, which are rich in essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C. Additionally, the growing demand for gluten-free products due to increasing health consciousness and dietary requirements further bolsters market growth. Political and social scenarios, such as favorable regulations and consumer preferences, also contribute to the strategic positioning of tapioca and its derivatives in the packaged foods and meats industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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