Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 321 Million | USD 531 Million | 6.5% | 2022 |
FrequentlyAsked Questions
Tapioca syrup is a sweetener derived from tapioca starch, which is extracted from the cassava root. It is a natural alternative to traditional sweeteners such as cane sugar or corn syrup. Tapioca syrup is often used as an ingredient in various food products, including baked goods, beverages, and confectionery.
The primary end-use sectors are seeing an increase in demand for natural and healthier sweeteners due to rising consumer health consciousness. It is becoming more common to utilize tapioca syrup in food, beverages, dairy, and medications since it is plant-based, has less calories and carbohydrates than sugar, and has more health advantages than sucrose, in turn, driving the market growth.
According to the report, the global tapioca syrup market size was worth around USD 321 million in 2022 and is predicted to grow to around USD 531 million by 2030.
The global tapioca syrup market is expected to grow at a CAGR of 6.5% during the forecast period.
The global tapioca syrup market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market owing to the growing trends for organic products.
The global tapioca syrup market is dominated by players like Hunan Er-Kang Pharmaceutical Co., Ltd, American Key Food Products, Cargill, Incorporated, SPAC Starch Products (India) Ltd, Ingredion, Tapioca Starch Industry Co., Ltd, EIAMHENG TAPIOCA STARCH INDUSTRY CO., LTD., Psaltry International Limited, Dadtco Philafrica B.V., Tapioca Vietnam, Lentus Foods & Agro Ltd, and kengSeng Group Of Company among others.
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