The global Wheat Starch Market is projected to grow significantly in the next few years, driven by the increasing demand for wheat starch in various end-use industries, including food and beverages, cosmetics, pharmaceuticals, and paper manufacturing. According to a report by Vynz Research, the global wheat starch market is expected to reach USD 19.6 billion by 2027, growing at a CAGR of 3.1% during the forecast period (2021-2027).
Market Drivers:
The increasing demand for wheat starch in the food and beverage industry is the major factor driving the growth of the global wheat starch market. Wheat starch is widely used as a thickening agent, emulsifier, and stabilizer in various food products, such as soups, sauces, gravies, and bakery products, which is boosting its demand in the food industry. Additionally, the rising demand for gluten-free food products is also fueling the growth of the wheat starch market, as it is a gluten-free alternative to wheat flour.
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Market Segmentation:
Based on application, the global wheat starch market is segmented into food and beverages, cosmetics, pharmaceuticals, paper manufacturing, and others. Among these, the food and beverages segment is expected to hold the largest market share during the forecast period, owing to the increasing demand for wheat starch as a thickening agent in various food products.
Based on region, the global wheat starch market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is expected to dominate the market during the forecast period, owing to the increasing demand for wheat starch in countries such as China and India, which are major consumers of wheat starch.
Key Players:
The global wheat starch market is highly competitive, with the presence of several major players, including
• Amilina
• Cargill Incorportaed
• Crespel & Dieters
• Penford Corp. Industrial Starch
• New Zealand starch Company
• AGRANA
• Manildra Group
• Ingredion Food
• Roquette
• Emsland-Starke GmbH
• Tate & Lyle Speciality Food Ingredients
• Avebe U.A.E
These companies are adopting various strategies such as mergers and acquisitions, partnerships, and product launches to expand their market presence.
Conclusion:
In conclusion, the global wheat starch market is expected to witness significant growth during the forecast period, driven by the increasing demand for wheat starch in the food and beverage industry, as well as in other end-use industries. The market is highly competitive, with the presence of several major players, and is expected to witness further consolidation through mergers and acquisitions.
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