Tapioca Modified Starch Market to Exhibit Impressive Growth during 2021-2028
Tapioca Modified Starch Market is expected to grow at a compound annual rate of 5.7% in the forecast period 2021 to 2028 and will reach USD 18.19 billion by 2028.Modified starch or starch derivatives are usually used to maintain and improve the texture and ability of the food and usually obtained from grains and vegetable. Stabilizing, emulsifying, thickening, binding are some of the function of the modified starch.
Tapioca is obtained by the storage root of cassava plant. They are usually used in liquid food to provide thickening and in pudding. Due to their thickening and stabilizing properties they are widely used in pharmaceutical, cosmetics, and textile industry.
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Key Market Competitors:
Few of the major competitors currently working in the tapioca modified starch market are Ciranda, Hunan ER-KANG, AUTHENTICOOK, American Key Food Products, Cargill, Incorporated, SPAC Starch Products (India) Ltd, Ingredion Incorporated, T.C.S.Tapioca Starch Industry Co., Ltd, EIAMHENG TAPIOCA STARCH INDUSTRY CO., LTD., Psaltry International Limited, Dadtco Philafrica B.V., Agrideco Vietnam Co., Ltd., Lentus Foods & Agro Ltd, kengSeng Group Of Company., Grain Processing Corporation.
Competitive Analysis:
Global tapioca modified starch market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of tapioca modified starch market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Segmentation: Global Tapioca Modified Starch Market
· By Modification Type (Physical Modification, Chemical Modification, Resistant Starch)
· By Tapioca Types (Fresh, Dried), Uses (Thickening Agent, Stabilizer Agent, Bodying Agent, Binding Agent)
· By Application (Food, Beverage, Textile Industry, Glue Industry, Pharmaceutical Industry, Cosmetics Industry, Mining Industry, Construction Industry, Others)
· By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Market Drivers:
· Increasing cholesterol problem among population is driving the growth of this market
· Rising awareness among consumer about the benefits of the tapioca is another factor driving the growth of this market
Market Restraints:
· High calorie rate in the tapioca is restraining the growth of this market
· Presence of cyanide due to improper manufacturing is another factor restraining the growth of this market
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Key Insights in the report:
· Competitive analysis of key competitors involved in the market
· Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
· Market drivers and restraints analysis along with the analysis of the market structure
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