Increase in the Demand of Tapioca Pearls Due to the Bubble Tea Concept Gaining Traction
The bubble tea has the base as tea but its main ingredient is the tapioca pearls. This was originated in Taiwan but in recent years, the bubble tea which was previously considered a novelty in the Western countries has now become a part of their social life. The increasing presence of the bubble tea has, in turn, increased the demand of the tapioca pearls. But previously, the tapioca pearls and the ingredients required for the bubble tea were imported from Taiwan. But many companies have started their own production facilities of the tapioca pearls to cut down on the cost. The high demand for the bubble tea is observed in North America and European regions.
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Tapioca Pearls Market: Regional Analysis
The tapioca pearls have been used in the APAC region especially in the south-east Asian countries and China since a very long time. It is being used in the savoury and sweet dishes in these countries. But the tapioca pearls have recently gained traction in the Western countries due to the bubble tea concept. It is also being used as an ingredient in the breakfast dishes or to add texture to the dishes. The companies that are selling bubble tea are putting up factories in the U.S. for making tapioca pearls due to the huge demand. The US Boba Company is a tapioca manufacturing company in the United States that was installed by the owners of bubble tea company called the Teaspoon in order to cater to the increasing demand in the U.S. market. But still, there are many companies that are importing tapioca pearls from the south-east Asia countries such as Taiwan, Thailand etc. due to the extensive production process.
Tapioca Pearls Market: Key Participants
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Some of the key market participants in the tapioca pearls market are: US Boba Company American Key Food Products INDEMIL LTDA. Universal Thai International Enterprise Co. Ltd. Thai Wah Public Company Limited Lollicup USA Inc. Reese Finer Foods Inc.
The research report presents a comprehensive assessment of the tapioca pearls market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as product type, application, and end use.
The report covers exhaustive analysis on: Tapioca Pearls Market Segments Tapioca Pearls Market Dynamics Tapioca Pearls Market Size Tapioca Pearls Supply and Demand Current Trends/Issues/Challenges pertaining to Tapioca Pearls Market Competition Landscape and Emerging Market Participants in Tapioca Pearls Market Technology related to Production/Processing of Tapioca Pearls Value Chain Analysis of the Tapioca Pearls Market
Regional analysis includes: North America (U.S., Canada) Latin America (Mexico, Brazil) Europe (Germany, U.K., France, Italy, Spain, Poland, Russia) East Asia (China, Japan, South Korea) South Asia (India, Thailand, Malaysia, Vietnam, Indonesia) Oceania (Australia, New Zealand) Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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