According to IMARC Group’s latest report, titled “Wheat Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global wheat starch market size reached a value of US$ 3.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.8 Billion by 2027, exhibiting a CAGR of 3.1% during 2022-2027.
Wheat starch refers to the white powdery substance that is obtained by the processing of wheat grain of the genus Triticum. It is processed by removing the proteins from wheat flour, which is widely utilized across the food industry as a food additive, thickening agent and an active ingredient in the preparation of various foods. It is also commonly used as a stabilizer, emulsifier, fat substitute and a clouding or glazing agent to enhance the texture, adhesion, viscosity, gel formation, binding and moisture retention of numerous food items. Apart from this, wheat starch also finds multiple applications across the paper and textile industries.
COVID-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Wheat Starch Market Trends:
The global market is majorly driven by the extensive applications of wheat starch across the food and beverages industry, facilitated by its excellent stabilizing, thickening and gelling properties. Rapid urbanization and the inflating disposable income levels of the masses have provided a boost to the sector, thereby providing an impetus to the demand for wheat starch across the globe. Moreover, since the processing of the starch removes gluten proteins from the flour, wheat starch is increasing preferred by health-conscious consumers and individuals with gluten allergy. Apart from this, the starch is widely utilized for the production of several low-calorie sweeteners, including sorbitol. Supported by the changing dietary preferences of the masses and the rising prevalence of lifestyle disorders across the globe, this is acting as another major growth-inducing factor. The market is further driven by the increasing applications of wheat starch in the formulation of multiple skincare and personal care products. Since the starch is known to absorb excess oil and impurities from the skin in an efficient manner, it forms an essential component in the manufacturing of face masks and body cleansers. This is further facilitated by the escalating preference for natural skincare products on the global level. Some of the other factors contributing to the market growth include the widespread adoption of wheat starch as a sizing agent and production component in textile and paper industries and its increasing utilization as a fat replacer in the food sector.
Wheat Starch Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the wheat starch market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Tate and Lyle PLC
- Roquette Freres.
- Cargill Inc.
- Archer Daniels Midland, Co.
- Tereos
- Crespel & Deiters Group
- Jackering Group
- Kröner-Stärke GmbH.
Key Market Segmentation:
The report has segmented the wheat starch market on the basis of breakup by end-use and region.
Breakup by end-use:
- Sweeteners
- Fuel
- Paper and Textile
- Food
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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