[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.
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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.
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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.
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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 |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| 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
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Tapioca Pearls Market
