IMARC Group, a leading market research company, has recently releases report titled “Wheat Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The study provides a detailed analysis of the industry, including the global wheat starch market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the wheat starch market?
The global wheat starch market size reached US$ 4.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.8 Billion by 2028, exhibiting a growth rate (CAGR) of 2.7% during 2023-2028.
What is Wheat Starch?
Wheat starch is a fine white powder that is derived from wheat grains. It is commonly used as a thickening agent, stabilizer, and binder in various food products. It rich in carbohydrates, serves as a fundamental ingredient in numerous industries, including food and beverage (FB), pharmaceuticals, textiles, and paper manufacturing. It exhibits exceptional binding, thickening, and gelling properties, wheat starch plays a pivotal role in enhancing the texture and quality of various products. Its ability to absorb water and create a viscous, stable mixture makes it a sought-after ingredient in the culinary world, where it is used in the preparation of sauces, soups, and baked goods.
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Wheat Starch Market Trends:
The agricultural sector's resilience and adaptability to changing environmental conditions play a significant role in ensuring a consistent supply of high-quality wheat grains for starch extraction, is one of key factors driving the market growth. Additionally, the surge in health-conscious consumers seeking gluten-free alternatives is leading to the development of gluten-free wheat starch variants, opening new avenues for growth and innovation in the market. Furthermore, the increasing use of wheat starch as a binder and filler in the pharmaceutical industry, where its safety and efficacy are paramount, is bolstering the market growth. Moreover, the trend towards sustainable packaging materials is prompting the exploration of wheat starch-based bioplastics, contributing to the market's sustainability agenda. In line with this, wheat starch in the textile industry is used as a sizing agent in fabric finishing processes which in turn is impelling the growth of the market.
Who are the key players operating in the industry?
The report covers the major market players including:
- Tate and Lyle PLC
- Roquette Freres.
- Cargill Inc.
- Archer Daniels Midland, Co.
- Tereos
- Crespel Deiters Group
- Jackering Group
- Kröner-Stärke GmbH.
What is included in market segmentation?
The report has segmented the market into the following categories:
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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