Tapioca Pearls Market is anticipated to be valued at US$ 8.6 Billion by 2032 & will steadily rise at CAGR of 2.4% for the duration of 2032.
Tapioca pearls, also known as boba, are a popular ingredient in bubble tea, a Taiwanese beverage that has gained international popularity. Tapioca pearls are made from the starch of the cassava root, which is a tuberous root native to South America but widely cultivated in many tropical and subtropical regions.
Also, colored tapioca pearls are available in the market. The tapioca pearls for use in bubble tea is mixed with brown sugar and various other components to avoid the clumping of the pearls and also it is caramel in color due to these additions.
The manufacturers of tapioca pearls are coming up with new tapioca pearls products in order to provide more variety so as to allow the consumers to select from products that are new as well as different. The tapioca pearls with new varieties, added convenience and more speed will have a higher value in the upcoming years.
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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 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
The tapioca pearls have been used in the APAC region especially in the south-east Asian countries and China since a very long time. It is being used in the savoury and sweet dishes in these countries. But the tapioca pearls have recently gained traction in the Western countries due to the bubble tea concept. It is also being used as an ingredient in the breakfast dishes or to add texture to the dishes. The companies that are selling bubble tea are putting up factories in the U.S. for making tapioca pearls due to the huge demand.
The US Boba Company is a tapioca manufacturing company in the United States that was installed by the owners of bubble tea company called the Teaspoon in order to cater to the increasing demand in the U.S. market. But still, there are many companies that are importing tapioca pearls from the south-east Asia countries such as Taiwan, Thailand etc. due to the extensive production process.
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.
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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
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
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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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