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Tapioca Pearls Market

Tapioca Pearls Market by Size, End Use, Sales Channel & Region - Forecast 2022 - 2032

Market Insights on Tapioca Pearls covering sales outlook, demand forecast & up-to-date key trends

Tapioca Pearls Market Snapshot

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 (2022-2032)

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.

How is the Demand for Bubble Tea Pushing the Tapioca Pearls Market Growth

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.

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Which Downsides of Bubble Tea May Hinder the Tapioca Pearls Market 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.

How is the Asia Pacific Tapioca Pearls Market Progressing

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.

Nandini Roy Choudhury
Principal Consultant
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How is the Demand for Fruit-based Teas Driving the North America Tapioca Pearls 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.

Market Competition

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.

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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 2.4% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Size
  • End Use
  • Sales Channel
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Universal Thai International Enterprise Co. Ltd.
  • US Boba Company
  • Reese Finer Foods Inc.
  • American Key Food Products
  • Thai Wah Public Company Limited
  • INDEMIL LTDA.
  • Lollicup USA Inc.

Customization

Available Upon Request

Key Segments Profiled in the Tapioca Pearls Industry Survey

By Size:

  • Small (< 5 mm)
  • Medium (5 - 8 mm)
  • Large (> 8 mm)

By End Use:

  • Industrial Processing
  • Bakery Products
  • Confectionery
  • Desserts
  • Dairy Products
  • Beverages
  • Foodservice/HoReCa
  • Household/Retail
  • Others

By Sales Channel:

  • Direct/B2B
  • Indirect/B2C
  • Hypermarkets/Supermarkets
  • Specialty Store
  • Grocery Stores
  • e-Retailer

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

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.

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Nandini Roy Choudhury
Principal Consultant
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