[250 Pages Report] The global tapioca pearls market size is expected to reach US$ 5.2 Billion in 2022. As per Future Market Insights (FMI), the global market is likely to exhibit steady growth at a CAGR of 2.4% in the forecast period from 2022 to 2032. It is anticipated to be valued at US$ 8.6 Billion in 2032. Increasing awareness regarding the benefits of these pearls is projected to boost growth.
Report Attribute | Details |
---|---|
Tapioca Pearls Market Estimated Base Year Value (2021) | US$ 4.8 Billion |
Tapioca Pearls Market Expected Market Value (2022) | US$ 5.2 Billion |
Tapioca Pearls Market Anticipated Forecast Value (2032) | US$ 8.6 Billion |
Tapioca Pearls Market Projected Growth Rate (2022 to 2032) | 2.4% CAGR |
Sales of tapioca pearls are likely to surge at a fast pace in the food and beverage sector. These are extensively used to thicken liquid food items, such as pudding. Apart from that, these are used in cosmetics, glue, and textile as a stabilizing agent.
Healthcare professionals often recommend the consumption of tapioca pearl infused food and beverages to pregnant women as these are rich in folate, magnesium, iron, and calcium. The demand for tapioca pearls is anticipated to grow in future years with the increasing healthcare awareness among consumers.
These have recently gained immense popularity across the globe owing to the trend of consuming Taiwanese bubble tea, commonly known as boba tea. Fast food restaurant chains, such as McDonald’s have also started selling dessert beverages with tapioca pearls across Europe to upgrade their existing menu.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The surging consumption of coffee and tea as nootropic beverages among the working-class population and students is a major factor that is likely to push the tapioca pearls market growth in the evaluation period. Researchers have found that moderate consumption of low calorie and zero fat hot beverages, such as bubble tea, can enhance brain function and boost concentration. This factor is also projected to propel the growth in this market.
Moreover, the availability of multiple flavors, such as simple classics, coffee, chocolate, and fruits in the bubble tea sector is anticipated to bode well for the market. Rising inclination of consumers towards hot beverages from carbonated drinks owing to their numerous health benefits is also set to fuel growth.
Although bubble tea is usually made with green or black tea, it can also contain high quantities of sugar. Depending on the flavor, a 16-ounce serving of bubble tea can contain nearly 36 to 65 grams of sugar. Thus, drinking bubble tea on a daily basis can increase an individual’s risk of heart diseases, obesity, and diabetes.
In addition, the lack of fiber and high dairy content in this type of tea can result in constipation and abdominal pain. Spurred by the aforementioned factors, the demand for tapioca pearls may decline in the near future.
The increasing production and sales of tapioca pearl infused boba tea in Thailand, Singapore, Taiwan, and Japan are likely to propel the Asia Pacific tapioca pearls market share. Key players in these countries are also focusing on launching new beverages with innovative flavors to attract more consumers.
In July 2021, for instance, Signature by KOI, a popular tea outlet based in Singapore, introduced two new alcoholic beverages, namely, Whiskey Oriental and VSOP Chocolate in the country. The VSOP Chocolate is made with Brandy VSOP and chocolate milk. It can be topped with mini bubbles, boba, and coconut jelly. Whiskey Oriental is made with whiskey and Oriental Beauty Tea. The introduction of similar other unique beverages is set to augment the Asia Pacific market.
North America is expected to remain in the second position in terms of share in the tapioca pearls market. The rising popularity of tea-based fruity beverages in the U.S. and Canada is projected to accelerate the sales of boba tea, thereby expanding the tapioca pearls market size.
Rising number of bubble tea outlets across North America owing to the surging demand from youngsters and health conscious populations is another vital factor that is set to drive growth. Starbucks, for instance, announced that it is experimenting with its own version of boba-style iced coffee in the U.S. Such innovations by tea and coffee shop giants are anticipated to bolster the North America market.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Some of the renowned companies operating in the global tapioca pearls market include Universal Thai International Enterprise Co. Ltd., US Boba Company, Reese Finer Foods Inc., American Key Food Products, Thai Wah Public Company Limited, INDEMIL LTDA., and Lollicup USA Inc. among others.
Majority of the leading companies are focusing on expanding their manufacturing capacities to cater to the ever-increasing demand from consumers. They are also striving to gain a competitive edge by launching innovative products for the food and beverages industry. Meanwhile, a few other key players are engaging in mergers and acquisitions, collaborations, and joint ventures to compete with their rivals.
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 2.4% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2015 to 2020 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered |
|
Regions Covered |
|
Key Countries Profiled |
|
Key Companies Profiled |
|
Customization | Available Upon Request |
The global tapioca pearls market is anticipated to surpass US$ 8.6 Billion in 2032.
Asia Pacific is set to lead the tapioca pearls market in the forecast period.
Universal Thai International Enterprise Co. Ltd., US Boba Company, Reese Finer Foods Inc., American Key Food Products, and Thai Wah Public Company Limited are some of the renowned companies in the tapioca pearls market.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Tapioca Pearls Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Tapioca Pearls Market Analysis 2017-2021 and Forecast 2022-2032, By Size
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Size, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Size, 2022-2032
5.3.1. Small (< 5 mm)
5.3.2. Medium (5 - 8 mm)
5.3.3. Large (> 8 mm)
5.4. Y-o-Y Growth Trend Analysis By Size, 2017-2021
5.5. Absolute $ Opportunity Analysis By Size, 2022-2032
Deep-dive segmentation will be available in the sample on request
6. Global Tapioca Pearls Market Analysis 2017-2021 and Forecast 2022-2032, By Nature
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Nature, 2017-2021
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Nature, 2022-2032
6.3.1. Organic
6.3.2. Conventional
6.4. Y-o-Y Growth Trend Analysis By Nature, 2017-2021
6.5. Absolute $ Opportunity Analysis By Nature, 2022-2032
Deep-dive segmentation will be available in the sample on request
7. Global Tapioca Pearls Market Analysis 2017-2021 and Forecast 2022-2032, By End Use
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By End Use, 2017-2021
7.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By End Use, 2022-2032
7.3.1. Industrial Processing
7.3.2. Food Service/ HoReCa
7.3.3. Household/Retail
7.4. Y-o-Y Growth Trend Analysis By End Use, 2017-2021
7.5. Absolute $ Opportunity Analysis By End Use, 2022-2032
Deep-dive segmentation will be available in the sample on request
8. Global Tapioca Pearls Market Analysis 2017-2021 and Forecast 2022-2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Region, 2017-2021
8.3. Current Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Region, 2022-2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. East Asia
8.3.5. South Asia & Pacific
8.3.6. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Tapioca Pearls Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Size
9.2.3. By Nature
9.2.4. By End Use
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Size
9.3.3. By Nature
9.3.4. By End Use
9.4. Key Takeaways
10. Latin America Tapioca Pearls Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Size
10.2.3. By Nature
10.2.4. By End Use
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Size
10.3.3. By Nature
10.3.4. By End Use
10.4. Key Takeaways
11. Europe Tapioca Pearls Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. U.K.
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Size
11.2.3. By Nature
11.2.4. By End Use
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Size
11.3.3. By Nature
11.3.4. By End Use
11.4. Key Takeaways
12. East Asia Tapioca Pearls Market Analysis 2017-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
12.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By Size
12.2.3. By Nature
12.2.4. By End Use
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Size
12.3.3. By Nature
12.3.4. By End Use
12.4. Key Takeaways
13. South Asia & Pacific Tapioca Pearls Market Analysis 2017-2021 and Forecast 2022-2032, By Country
13.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
13.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Thailand
13.2.1.3. Indonesia
13.2.1.4. Malaysia
13.2.1.5. Singapore
13.2.1.6. Australia
13.2.1.7. New Zealand
13.2.1.8. Rest of South Asia & Pacific
13.2.2. By Size
13.2.3. By Nature
13.2.4. By End Use
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Size
13.3.3. By Nature
13.3.4. By End Use
13.4. Key Takeaways
14. MEA Tapioca Pearls Market Analysis 2017-2021 and Forecast 2022-2032, By Country
14.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
14.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Size
14.2.3. By Nature
14.2.4. By End Use
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Size
14.3.3. By Nature
14.3.4. By End Use
14.4. Key Takeaways
15. Key Countries Tapioca Pearls Market Analysis
15.1. U.S.
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2021
15.1.2.1. By Size
15.1.2.2. By Nature
15.1.2.3. By End Use
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2021
15.2.2.1. By Size
15.2.2.2. By Nature
15.2.2.3. By End Use
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2021
15.3.2.1. By Size
15.3.2.2. By Nature
15.3.2.3. By End Use
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2021
15.4.2.1. By Size
15.4.2.2. By Nature
15.4.2.3. By End Use
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2021
15.5.2.1. By Size
15.5.2.2. By Nature
15.5.2.3. By End Use
15.6. U.K.
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2021
15.6.2.1. By Size
15.6.2.2. By Nature
15.6.2.3. By End Use
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2021
15.7.2.1. By Size
15.7.2.2. By Nature
15.7.2.3. By End Use
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2021
15.8.2.1. By Size
15.8.2.2. By Nature
15.8.2.3. By End Use
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2021
15.9.2.1. By Size
15.9.2.2. By Nature
15.9.2.3. By End Use
15.10. China
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2021
15.10.2.1. By Size
15.10.2.2. By Nature
15.10.2.3. By End Use
15.11. Japan
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2021
15.11.2.1. By Size
15.11.2.2. By Nature
15.11.2.3. By End Use
15.12. South Korea
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2021
15.12.2.1. By Size
15.12.2.2. By Nature
15.12.2.3. By End Use
15.13. India
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2021
15.13.2.1. By Size
15.13.2.2. By Nature
15.13.2.3. By End Use
15.14. Thailand
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2021
15.14.2.1. By Size
15.14.2.2. By Nature
15.14.2.3. By End Use
15.15. Indonesia
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2021
15.15.2.1. By Size
15.15.2.2. By Nature
15.15.2.3. By End Use
15.16. Malaysia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2021
15.16.2.1. By Size
15.16.2.2. By Nature
15.16.2.3. By End Use
15.17. Singapore
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2021
15.17.2.1. By Size
15.17.2.2. By Nature
15.17.2.3. By End Use
15.18. Australia
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2021
15.18.2.1. By Size
15.18.2.2. By Nature
15.18.2.3. By End Use
15.19. New Zealand
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2021
15.19.2.1. By Size
15.19.2.2. By Nature
15.19.2.3. By End Use
15.20. GCC Countries
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2021
15.20.2.1. By Size
15.20.2.2. By Nature
15.20.2.3. By End Use
15.21. South Africa
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2021
15.21.2.1. By Size
15.21.2.2. By Nature
15.21.2.3. By End Use
15.22. Israel
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2021
15.22.2.1. By Size
15.22.2.2. By Nature
15.22.2.3. By End Use
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Size
16.3.3. By Nature
16.3.4. By End Use
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. E-Fa
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Andes Food
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. BBT Club
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Boba Green
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Bolle
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. See Smell Taste
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Hoosier Hill Farm
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Fusion Select
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Buddha Bubbles
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Ting Jean Foods
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
Explore Food and Beverage Insights
View Reports