Global Tapioca Pearls Market Share Is Likely To Reach At A CAGR Value Of Around 1.9% By 2030

17-Mar-2023 | Facts and Factors

According to Facts and Factors, the global tapioca pearls market size was worth around USD 5.21 billion in 2022 and is predicted to grow to around USD 8 billion by 2030 with a compound annual growth rate (CAGR) of roughly 1.9% between 2023 and 2030.

global-tapioca-pearls-market-share

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Tapioca pearls are ball-like structures that exhibit translucent properties and are made of tapioca starch. They are used as food additives in various beverages, desserts, or other food items to increase the overall taste content of edible products. The production of tapioca pearls includes mixing corresponding starch in hot water which gives rise to dough with the desired consistency. Small amounts of the dough are then converted into small balls that further get boiled in water until they become chewy and soft. The last part involves putting the pearls in cold water to avoid them from sticking together.

Browse the full “Tapioca Pearls Market Size, Share, Growth Analysis Report By End-Use (Dairy Products, Industrial Processing, HoReCa, Confectionery, Desserts, Bakery Products, Household, and Others), By Size (Large, Medium, and Small), By Distribution Channel (Grocery Stores, B2B, Hypermarkets & Supermarkets, B2C, e-Retailers, and Specialty Stores), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030report at https://www.fnfresearch.com/tapioca-pearls-market

For the long term, tapioca pearls are stored with syrup allowing them to retain flavor and texture. The global industry consists of tapioca pearls producers, suppliers, and consumers and with the aid from the food and beverages (F&B) sector, the demand for the pearls has grown consistently over the years.

The global tapioca pearls market is projected to grow owing to several factors but is mainly propelled by the increasing popularity of boba tea or bubble tea worldwide which is becoming a favorite beverage for the younger generation. Companies have marketed the product with the aid of social media like Facebook and Instagram and advertised the product as a drink of the new generation which has helped the beverage gain a high consumer following.

Furthermore, the growing demand for convenience food is expected to assist in further expansion. Tapioca pearls take less time to the preparation and have excellent taste making them one of the easiest and tastiest food items to consume without much hassle. Since they are gluten-free, tapioca pearls are used as wheat substitutes in many food items. Growing investments in the technological advancements related to the production of tapioca pearls allowing market players to experiment with the flavors and sizes of the pearls is an important growth propeller. The regular addition of new players either on the supplier's end or consumers is a prime example of the popularity tapioca pearls have gained.

However, the price sensitivity of raw materials is a major cause of concern amongst the industry players. For instance, cassava is highly price sensitive and is subject to fluctuation due to the constantly changing supply and demand chain. Furthermore, the presence of substitutes in the market that also register high growth is another growth restraint that can cause a high loss of revenue. Moreover, if the demand for tapioca pearls continues to grow at a high rate, it could lead to overexploitation of natural resources and the extreme use of pesticides or chemical fertilizers could impact the land quality.

The growing diversification in terms of food service may provide growth opportunities while managing the supply chain could challenge the market expansion

global-tapioca-pearls-market-size

Segmental Overview:

The global tapioca pearls market is segmented based on end-use, size, distribution channel, and region.

Based on end-use, the global market is divided into dairy products, industrial processing, HoReCa, confectionery, desserts, bakery products, household, and others.

  • In 2022, HoReca which stands for hotels, restaurants, and cafes, was the largest contributor to the global market
  • The food service industry is the main source of revenue for tapioca pearls and it mainly comprises HoReCa units
  • The growing popularity of bubble tea, which has origins in Taiwan, is the major reason for the increased demand for tapioca pearls worldwide
  • In 2020, more than 341 million people bought bubble teas and related supplies

Based on the size, the global market divisions are large, medium, and small.

  • The most popular size is the small size however the demand for large-sized tapioca pearls is significantly high
  • Small tapioca pearls are generally 2-3 millimeters (mm) in diameter whereas large-size tapioca pearls are 8 to 10 mm. Both types of pearls are important in the food industry but the most significantly used are small-sized
  • However, it must be noted that the size demand may vary depending on the food item it is used in along with personal preference

Based on distribution channel, the global market segments are grocery stores, B2B, hypermarkets & supermarkets, B2C, e-retailers, and specialty stores.

Regional Overview:

Asia-Pacific is projected to register the highest growth in the tapioca pearls market since countries like Taiwan and Thailand are the major producers and exporters of the pearls. Influenced by the popularity of the pearls, China has amped up its production and supply of pearls due to the growing demand for boba tea in Asian countries.

However, the drink has gained high popularity in western countries as well including North America and Europe. The number of restaurants or eateries serving bubble tea has increased tremendously in the US. Europe is witnessing a rise in the number of retailers providing tapioca pearls added to beverages and food items.

Report Scope

Report Attribute

Details

Market Size in 2022

USD 5.21 Billion

Projected Market Size in 2030

USD 8 Billion

CAGR Growth Rate

1.9% CAGR

Base Year

2022

Forecast Years

2023-2030

Key Market Players

Andes Food, US Boba, JIU ZHOU FOOD, KEI FU FOODS, Sunnysyrup Food, Universal Thai International Enterprise, SHTASTYPLUS, TING JEAN FOODS, Chen En Food Product Enterprise, and others.

Key Segment

By End-Use, Size, Distribution Channel, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

Purchase Options

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Competitive Landscape:

The global tapioca pearls market is led by players like Andes Food, US Boba, JIU ZHOU FOOD, KEI FU FOODS, Sunnysyrup Food, Universal Thai International Enterprise, SHTASTYPLUS, TING JEAN FOODS, and Chen En Food Product Enterprise.

Recent Developments:

  • In September 2022, Puly, experts in instant tapioca pearls, brought their new range of boba tea to the FHA Food & Beverage Asia Singapore and Fine Food Australia 2022 which took place between 5th to 8th September at the Singapore Expo
  • In November 2022, Orbitel, an international food giant, released its quick and instant marbling boba kit that can be used in the home setting
  • In January 2023, BobaBam announced the launch of a new variety pack in flavors of Taro and Milk Tea

The global tapioca pearls market is segmented as follows:

By End-Use

  • Dairy Products
  • Industrial Processing
  • HoReCa
  • Confectionery
  • Desserts
  • Bakery Products
  • Household
  • Others

By Size

  • Large
  • Medium
  • Small

By Distribution Channel

  • Grocery Stores
  • B2B
  • Hypermarkets & Supermarkets
  • B2C
  • e-Retailers
  • Specialty Stores

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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