Colored Tapioca Pearl Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Tapioca pearls, also called boba, are edible balls quite popular in "bubble" tea, though they have several uses. These pearls come dark or cream-colored; however, the lightly colored pearls are the best for adding color. Adding color to tapioca pearls is simple. By adding different ingredients, including water, sugar, and seasoning, tapioca balls can be made to vary in color & in texture. Tapioca balls are translucent spheres produced from tapioca, a starch mainly extracted from the cassava root. They are originated as a cheaper alternative to pearl sago in Southeast Asian cuisine. They are commonly referred to as boba (a transliteration of the word for "bubble") or pearls when in bubble tea; these are typically five- to ten-millimeter starch balls, consisting of sweet potato powder, potato powder, or jelly.
MARKET DYNAMICS
The colored tapioca pearl market has witnessed a significant growth owing to factors such as wider application in food processing, food service, and household use. Some benefits of tapioca are that it is a source of iron, dietary fiber, and also manganese. Due to the nutritional benefits of tapioca, it is widely used as a staple food in Asian countries, also popular in other regions. This is further propelling the market growth for the colored tapioca pearl market. The growing demand for healthy and nutritional food products among consumers is further fueling the demand for this market. Growth in the retail sector is also contributing to this market. However, climatic changes may hamper the cultivation of cassava plants, which may further impact on the growth of the colored tapioca pearl market. Nevertheless, with the steady growth in the food processing industry as well as agriculture industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Colored Tapioca Pearl Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the colored tapioca pearl market with detailed market segmentation by form, application, distribution channel, and geography. The global colored tapioca pearl market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading colored tapioca pearl market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global colored tapioca pearl market is segmented on the basis of type and application. On the basis of types, the colored tapioca pearl market is segmented into < 5 MM, 5-8 MM, and > 8 MM. The colored tapioca pearl market on the basis of the application is classified into food processing, food service, and household use.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global colored tapioca pearl market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The colored tapioca pearl market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the colored tapioca pearl market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the colored tapioca pearl market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global colored tapioca pearl market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The colored tapioca pearl market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the colored tapioca pearl market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the colored tapioca pearl market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global colored tapioca pearl market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from colored tapioca pearl market are anticipated to lucrative growth opportunities in the future with the rising demand for colored tapioca pearl in the global market. Below mentioned is the list of few companies engaged in the colored tapioca pearl market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the colored tapioca pearl market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Andes Food
- Chen En Food Product Enterprise
- Jiu Zhou Food
- Kei Fu Foods
- Shtastyplus
- Sunnysyrup Food
- Ting Jean Foods
- Universal Thai International Enterprise
- US Boba Company
- Others
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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Country Scope
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Colored Tapioca Pearl Market - By Type
1.3.2 Colored Tapioca Pearl Market - By Application
1.3.3 Colored Tapioca Pearl Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COLORED TAPIOCA PEARL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. COLORED TAPIOCA PEARL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. COLORED TAPIOCA PEARL MARKET - GLOBAL MARKET ANALYSIS
6.1. COLORED TAPIOCA PEARL - GLOBAL MARKET OVERVIEW
6.2. COLORED TAPIOCA PEARL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. COLORED TAPIOCA PEARL MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. < 5 MM
7.3.1. Overview
7.3.2. < 5 mm Market Forecast and Analysis
7.4. 5-8 MM
7.4.1. Overview
7.4.2. 5-8 mm Market Forecast and Analysis
7.5. > 8 MM
7.5.1. Overview
7.5.2. > 8 mm Market Forecast and Analysis
8. COLORED TAPIOCA PEARL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FOOD PROCESSING
8.3.1. Overview
8.3.2. Food Processing Market Forecast and Analysis
8.4. FOOD SERVICE
8.4.1. Overview
8.4.2. Food Service Market Forecast and Analysis
8.5. HOUSEHOLD USE
8.5.1. Overview
8.5.2. Household Use Market Forecast and Analysis
9. COLORED TAPIOCA PEARL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Colored Tapioca Pearl Market Overview
9.1.2 North America Colored Tapioca Pearl Market Forecasts and Analysis
9.1.3 North America Colored Tapioca Pearl Market Forecasts and Analysis - By Type
9.1.4 North America Colored Tapioca Pearl Market Forecasts and Analysis - By Application
9.1.5 North America Colored Tapioca Pearl Market Forecasts and Analysis - By Countries
9.1.5.1 United States Colored Tapioca Pearl Market
9.1.5.1.1 United States Colored Tapioca Pearl Market by Type
9.1.5.1.2 United States Colored Tapioca Pearl Market by Application
9.1.5.2 Canada Colored Tapioca Pearl Market
9.1.5.2.1 Canada Colored Tapioca Pearl Market by Type
9.1.5.2.2 Canada Colored Tapioca Pearl Market by Application
9.1.5.3 Mexico Colored Tapioca Pearl Market
9.1.5.3.1 Mexico Colored Tapioca Pearl Market by Type
9.1.5.3.2 Mexico Colored Tapioca Pearl Market by Application
9.2. EUROPE
9.2.1 Europe Colored Tapioca Pearl Market Overview
9.2.2 Europe Colored Tapioca Pearl Market Forecasts and Analysis
9.2.3 Europe Colored Tapioca Pearl Market Forecasts and Analysis - By Type
9.2.4 Europe Colored Tapioca Pearl Market Forecasts and Analysis - By Application
9.2.5 Europe Colored Tapioca Pearl Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Colored Tapioca Pearl Market
9.2.5.1.1 Germany Colored Tapioca Pearl Market by Type
9.2.5.1.2 Germany Colored Tapioca Pearl Market by Application
9.2.5.2 France Colored Tapioca Pearl Market
9.2.5.2.1 France Colored Tapioca Pearl Market by Type
9.2.5.2.2 France Colored Tapioca Pearl Market by Application
9.2.5.3 Italy Colored Tapioca Pearl Market
9.2.5.3.1 Italy Colored Tapioca Pearl Market by Type
9.2.5.3.2 Italy Colored Tapioca Pearl Market by Application
9.2.5.4 United Kingdom Colored Tapioca Pearl Market
9.2.5.4.1 United Kingdom Colored Tapioca Pearl Market by Type
9.2.5.4.2 United Kingdom Colored Tapioca Pearl Market by Application
9.2.5.5 Russia Colored Tapioca Pearl Market
9.2.5.5.1 Russia Colored Tapioca Pearl Market by Type
9.2.5.5.2 Russia Colored Tapioca Pearl Market by Application
9.2.5.6 Rest of Europe Colored Tapioca Pearl Market
9.2.5.6.1 Rest of Europe Colored Tapioca Pearl Market by Type
9.2.5.6.2 Rest of Europe Colored Tapioca Pearl Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Colored Tapioca Pearl Market Overview
9.3.2 Asia-Pacific Colored Tapioca Pearl Market Forecasts and Analysis
9.3.3 Asia-Pacific Colored Tapioca Pearl Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Colored Tapioca Pearl Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Colored Tapioca Pearl Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Colored Tapioca Pearl Market
9.3.5.1.1 Australia Colored Tapioca Pearl Market by Type
9.3.5.1.2 Australia Colored Tapioca Pearl Market by Application
9.3.5.2 China Colored Tapioca Pearl Market
9.3.5.2.1 China Colored Tapioca Pearl Market by Type
9.3.5.2.2 China Colored Tapioca Pearl Market by Application
9.3.5.3 India Colored Tapioca Pearl Market
9.3.5.3.1 India Colored Tapioca Pearl Market by Type
9.3.5.3.2 India Colored Tapioca Pearl Market by Application
9.3.5.4 Japan Colored Tapioca Pearl Market
9.3.5.4.1 Japan Colored Tapioca Pearl Market by Type
9.3.5.4.2 Japan Colored Tapioca Pearl Market by Application
9.3.5.5 South Korea Colored Tapioca Pearl Market
9.3.5.5.1 South Korea Colored Tapioca Pearl Market by Type
9.3.5.5.2 South Korea Colored Tapioca Pearl Market by Application
9.3.5.6 Rest of Asia-Pacific Colored Tapioca Pearl Market
9.3.5.6.1 Rest of Asia-Pacific Colored Tapioca Pearl Market by Type
9.3.5.6.2 Rest of Asia-Pacific Colored Tapioca Pearl Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Colored Tapioca Pearl Market Overview
9.4.2 Middle East and Africa Colored Tapioca Pearl Market Forecasts and Analysis
9.4.3 Middle East and Africa Colored Tapioca Pearl Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Colored Tapioca Pearl Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Colored Tapioca Pearl Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Colored Tapioca Pearl Market
9.4.5.1.1 South Africa Colored Tapioca Pearl Market by Type
9.4.5.1.2 South Africa Colored Tapioca Pearl Market by Application
9.4.5.2 Saudi Arabia Colored Tapioca Pearl Market
9.4.5.2.1 Saudi Arabia Colored Tapioca Pearl Market by Type
9.4.5.2.2 Saudi Arabia Colored Tapioca Pearl Market by Application
9.4.5.3 U.A.E Colored Tapioca Pearl Market
9.4.5.3.1 U.A.E Colored Tapioca Pearl Market by Type
9.4.5.3.2 U.A.E Colored Tapioca Pearl Market by Application
9.4.5.4 Rest of Middle East and Africa Colored Tapioca Pearl Market
9.4.5.4.1 Rest of Middle East and Africa Colored Tapioca Pearl Market by Type
9.4.5.4.2 Rest of Middle East and Africa Colored Tapioca Pearl Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Colored Tapioca Pearl Market Overview
9.5.2 South and Central America Colored Tapioca Pearl Market Forecasts and Analysis
9.5.3 South and Central America Colored Tapioca Pearl Market Forecasts and Analysis - By Type
9.5.4 South and Central America Colored Tapioca Pearl Market Forecasts and Analysis - By Application
9.5.5 South and Central America Colored Tapioca Pearl Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Colored Tapioca Pearl Market
9.5.5.1.1 Brazil Colored Tapioca Pearl Market by Type
9.5.5.1.2 Brazil Colored Tapioca Pearl Market by Application
9.5.5.2 Argentina Colored Tapioca Pearl Market
9.5.5.2.1 Argentina Colored Tapioca Pearl Market by Type
9.5.5.2.2 Argentina Colored Tapioca Pearl Market by Application
9.5.5.3 Rest of South and Central America Colored Tapioca Pearl Market
9.5.5.3.1 Rest of South and Central America Colored Tapioca Pearl Market by Type
9.5.5.3.2 Rest of South and Central America Colored Tapioca Pearl Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. COLORED TAPIOCA PEARL MARKET, KEY COMPANY PROFILES
11.1. ANDES FOOD
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CHEN EN FOOD PRODUCT ENTERPRISE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. JIU ZHOU FOOD
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. KEI FU FOODS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SHTASTYPLUS
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SUNNYSYRUP FOOD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. TING JEAN FOODS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. UNIVERSAL THAI INTERNATIONAL ENTERPRISE
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. US BOBA COMPANY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. OTHERS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Andes Food
2. Chen En Food Product Enterprise
3. Jiu Zhou Food
4. Kei Fu Foods
5. Shtastyplus
6. Sunnysyrup Food
7. Ting Jean Foods
8. Universal Thai International Enterprise
9. US Boba Company
10. Others
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.