tapioca pearls market surges globally, driven by the popularity of bubble tea. These chewy, versatile pearls are utilised in desserts, snacks, and beverages alike. With a CAGR of 2.4%, the market is projected to hit US$8.6 billion by 2032, fueled by increasing consumer demand and innovative product developments
The market for tapioca pearls is rising noticeably due to the increase in demand for tapioca-based drinks like bubble tea around the world. Because of their varied and chewy texture, they are used in beverages as well as desserts and snacks. Growing consumer demand and distribution channels are driving market growth, with a focus on developing new products and experimenting with flavours to cater to a diverse variety of consumer preferences.
It is anticipated that by 2032, the tapioca pearl market will have grown at a compound annual growth rate (CAGR) of 2.4% and be valued US$ 8.6 billion.
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The spheres known as tapioca pearls are made from tapioca starch. The cassava root is extracted to make the bland tapioca starch. The top producers of tapioca are a few Asian countries and Brazil. Tapioca pearls come in a range of sizes, depending on the requirements of the culinary dishes they are used in. It is now possible to make very tiny tapioca pearls on a commercial basis. These pearls don’t need to be cooked; all you have to do is soak them in hot water. This happens more often in families because of how quickly tapioca pearls can be used in desserts or for other uses.
Additionally, colourful tapioca pearls are offered in the marketplace. To prevent the tapioca pearls from clumping together and to give it a caramel colour, the tapioca pearls used in bubble tea are combined with brown sugar and other ingredients.
To provide customers more options and give them the chance to choose from items that are both new and different, tapioca pearls manufacturers are always developing new products. In the approaching years, tapioca pearls with more variations, more convenience, and speed will be more valuable.
Increase in the Demand for Tapioca Pearls Due to the Bubble Tea Concept Gaining Traction
The bubble tea has the base as tea but its main ingredient is the tapioca pearls. This was originated in Taiwan but in recent years, the bubble tea which was previously considered a novelty in the Western countries has now become a part of their social life. The increasing presence of the bubble tea has, in turn, increased the demand of the tapioca pearls. But previously, the tapioca pearls and the ingredients required for the bubble tea were imported from Taiwan. But many companies have started their own production facilities of the tapioca pearls to cut down on the cost. The high demand for the bubble tea is observed in North America and European regions.
Tapioca Pearls Market: Regional Analysis
Tapioca pearls have been utilised for a very long time in the APAC region, particularly in China and the countries of south-east Asia. Both savoury and sweet dishes are prepared in these nations using it. However, the popularity of tapioca pearls has recently increased in Western nations as a result of the bubble tea idea. Additionally, it is used to add texture to foods or as a component in breakfast dishes. Due to the enormous demand, businesses that sell bubble tea are building plants in the United States to produce tapioca pearls.
In order to meet the rising demand in the U.S. market, the proprietors of the bubble tea business The Teaspoon established The US Boba Company, a tapioca manufacturing business, in the country. However, because to the lengthy production process, many businesses continue to import tapioca pearls from countries in south-east Asia like Taiwan, Thailand, etc.
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Tapioca Pearls Market: Key Participants
Some of the key market participants in the tapioca pearls market are:
- US Boba Company
- American Key Food Products
- INDEMIL LTDA.
- Universal Thai International Enterprise Co. Ltd.
- Thai Wah Public Company Limited
- Lollicup USA Inc.
- Reese Finer Foods Inc.
The research report presents a comprehensive assessment of the tapioca pearls market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as product type, application, and end use.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Tapioca Pearls Market Segmentation
The tapioca pearls can be segmented on the basis of size, end use and sales channel.
On the basis of size, the tapioca pearls market can be segmented as:
- Small (< 5 mm)
- Medium (5 – 8 mm)
- Large (> 8 mm)
On the basis of end use, the tapioca pearls market can be segmented as:
- Industrial Processing
- Bakery Products
- Confectionery
- Desserts
- Dairy Products
- Beverages
- Others
- Foodservice/ HoReCa
- Household/ Retail
On the basis of sales channel, the tapioca pearls market can be segmented as:
- Direct/ B2B
- Indirect/ B2C
- Hypermarkets/Supermarkets
- Specialty Store
- Grocery Stores
- e-Retailer
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Report Highlights:
- Detailed overview of parent market
- Changing dynamics of the tapioca pearls market in the industry
- In-depth market segmentation and analysis
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments in the tapioca pearls market
- Competitive landscape of the tapioca pearls market
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on tapioca pearls market performance
- Must-have information for tapioca pearls market players to sustain and enhance their market footprint
Frequently Asked Questions
- What is the sales forecast for tapioca pearls in the global market until 2032?
- Which region is set to lead the tapioca pearls market?
- Which are some of the renowned companies in the tapioca pearls market?
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