Tapioca Pearls Market to be Dominated by Asia-Pacific During the Forecast Period
The
key factors driving the tapioca pearls market are increasing consumer spending
on food & beverages, rising consumer health awareness, and the growing
popularity of bubble tea.
According to
TechSci Research report, “Tapioca Pearls Market – Global Industry Size, Share,
Trends, Competition, Opportunity, and Forecast, 2018-2028” The global tapioca pearls
market is expected to grow during the forecast period owing to the increasing
number of product launches and rising consumer awareness regarding health
benefits and nutritional food.
Tapioca pearls are derived
from the cassava root, so compassionate consumers can rest well knowing that
gelatin is not used in tapioca pearls. Tapioca pearls typically have a mild
flavor and are incredibly bland. Before being put into the bubble tea, they are
frequently steeped in brown sugar syrup to improve the taste. Tapioca pearls,
typically formed of starch, had a high carbohydrate content and were discovered
to contain a total of 78 calories and 7 grams of sugar. Small, chewy balls
known as "tapioca pearls" (boba) are composed of tapioca starch. These
spheres are typically used for bubble tea. Despite having a gelatinous feel,
boba isn't made with any gelatin. As a result, these tiny chewy balls are
vegan-friendly.
Owing to the global demand
for bubble tea, often known as Taiwanese bubble tea, they have experienced a
significant increase in popularity. To expand their dessert offerings, fast
food companies such as McDonald's have begun marketing dessert drinks
containing tapioca pearls throughout Europe. Furthermore, the market is
expected to benefit from the bubble tea industry's availability of various
tastes, including straightforward classics, coffee, chocolate, and fruits.
Growth is also likely to be aided by consumers' shifting preferences toward hot
beverages over carbonated ones due to the latter's various health advantages.
Tapioca is known for being easy on the stomach. Tapioca pearls may help those
who need to gain weight quickly with their diet. Five hundred forty-four
calories and 135 grams (g) of carbohydrates are present in one cup of tapioca
pearls. Eating a few bowls of tapioca pudding every day leads to an increase in
weight without raising the danger of negative consequences from consuming
excessive amounts of fat and cholesterol.
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The global tapioca pearls
market is segmented based on size, application, flavor, distribution channel,
region, and competitive landscape.
Based on the distribution
channel, the market is further segmented into supermarkets/hypermarkets,
convenience stores, distributors & dealers, online, and others (direct
sales, wholesale). Among these, the online segment is the fastest-growing
segment in the market during the forecast period due to its ease of
accessibility and availability. Online shopping allows customers to purchase
whatever they want within their price range without compromising the quality,
brand, or content of the products, which is expected to drive the industry
growth during the forecast period. On the basis of region, the market is
segmented into North America, Asia-Pacific, Europe, Middle East & Africa,
and South America. Among these, Asia-Pacific is expected to be the
fastest-growing region in the market during the forecast period owing to rising
tapioca pearl production and sales in Thailand, Singapore, Taiwan, and Japan.
Major companies in these nations are concentrating on releasing new beverages
with unique flavors to draw in customers.
Key market players operating in
the tapioca pearls market include:
- US Boba Company Inc.
- American Key Products, Inc.
- Ditiantai International Enterprise Co., Ltd.
- ANDES FOOD CO., LTD.
- World Finer Foods, LLC
- Thai Wah Public Company Limited
- Lollicup USA Inc.
- Sunnysyrup Food Co, Ltd.
- TING JEAN FOODS INDUSTRY CO., LTD.
- Chen En Food Product Enterprise Co., Ltd
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“The increased consumption of
hot beverages among students and the younger population is a prominent factor
that is anticipated to propel the growth of the tapioca pearls market during
the forecast period. Additionally, it is expected that the business would
profit from the availability of a range of tastes, including simple classics,
coffee, chocolate, and fruits in the bubble tea sector. Growth is also
anticipated to be aided by consumers' growing preference for hot beverages over
carbonated ones because of their many health benefits. Most top businesses are
concentrating on increasing their manufacturing capabilities to meet the rising
consumer demand. They are launching innovative products for the food and
beverage sector to obtain a competitive edge. In the meantime, a few other
significant players collaborate, merge, and form joint ventures to compete with
their rivals,” said Mr. Karan Chechi, Research Director with TechSci Research,
a research-based global management consulting firm.
“Tapioca Pearls Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028” Segmented By Size (Small
(Less than 5 mm), Medium (5 – 8 mm), Large ( More than 8 mm)), By Application
(Food Service, Bakery & Confectionery, Residential), By Flavor (Peach,
Mango, Chocolate, Strawberry, Pomegranate, and Others), By Distribution Channel
(Supermarkets/Hypermarkets, Convenience Stores, Distributors & Dealers,
Online, and Others (Direct Sales, Wholesale), By Region, By Company, has
evaluated the future growth potential of tapioca pearls globally and provides statistics and information on market structure,
size, share, and future growth. The report provides cutting-edge market
intelligence and helps decision-makers to make sound investment decisions.
Besides, the report also identifies the emerging trends along with essential
drivers, challenges, and opportunities present in the global tapioca pearls market.
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