Press release
Rising Use across Diverse Industries Fuels Demand for Wheat Starch
According to the report, the global wheat starch market is likely to value US$4 bn by the end of 2024. Starch is basically a type of carbohydrate obtained from agro-based raw materials. It is actively used in a plethora of food and non-food applications and is also considered one of the most important carbohydrates in human diet. Wheat starch is biodegradable and renewable and is also considered as a suitable alternative for various chemicals used in detergents, plastics, and glues. It has therefore become of the sought after agro-based commodities used across diverse industries. Deriving starch from wheat is a complex technique, yet due to its rising demand, experts predict robust growth for the market in the forthcoming years.
In response to the rising use in industries such as chemicals, pharmaceuticals, paints, and so on, the global wheat starch market is forecast to exhibit strong growth over the report’s forecast period. Besides gauging many factors impacting the market’s trajectory, the report segregates it based on various criteria. For instance, native starch, sweeteners, and modified starch are the key segments in the market based on product. In terms of application, confectionery and drinks, pharma and chemicals, processed foods, non-foods, and paper making constitute the key segments in the global wheat starch market.
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Also regionally, the global market can be classified into Americas, Europe, Asia Pacific, and Rest of the World. Factors influencing the market’s trajectory across these segments are studied in detail in the report. According to the study, Asia Pacific is likely to demonstrate lucrative prospects through the forecast period, thus triggering the foray of various international and regional players into the market. Experts suggest that the rising use of wheat starch as a gelling agent across various food categories has facilitated growth in the global market.
Wheat starch is used to thicken food products using retro gradation and gelatinization. In order to remain competitive, some of the most prominent wheat starch producers have started offering healthier products. This strategy is facilitated by the increasing use for wheat starch as more preferred gelling agent used in a variety of meat products. Wheat starch is primarily used in gluten-free products and as a fat replacer. Spurred by these factors the global wheat starch market is likely to show immense growth in the coming years.
Besides evaluative growth drivers and restraints influencing the market’s growth run, the report also profiles some of the most prominent companies operating therein. These include Archer Daniels Midland Company, Cargill, Riddhi Siddhi Gluco Biols Ltd., Tate & Lyle, Ingredion, and Gulshan Polyols Ltd.
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