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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