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Wheat Starch Market Is Expected To Reach 6.9 Million Tons By 2024
Wheat Starch Market Is Expected To Reach 6.9 Million Tons By 2024
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In the food industry, it is widely used as a stabilizer and a thickening agent in the preparation of several food items such as sauces, gravies, puddings, pies and other processed foods. It is also used as a constituent in food sweeteners like glucose syrup, maltodextrins and dextrose. Furthermore, it serves as a production component in the pharmaceutical, paper and textile industry.
According to a new report by Expert Market Research, the global wheat starch market reached a volume of 6.4 Million Tons in 2018 and is further expected to reach 6.9 Million Tons by 2024. Expanding applications of wheat starch across various industries is the major force that have been proactive in maintaining the overall growth of the market. Some of the other factors which have induced the market growth include rising population, increasing disposable incomes, growing health consciousness among the consumers and a strong growth in end-use industries. However, unfavourable climatic conditions remain the key constraint hampering the overall production.
Click here for the summary of report – https://www.expertmarketresearch.com/reports/wheat-starch-market
Expert Market Research has analysed the global wheat starch market according to key application areas, major regions and top players:
Market breakup by Application:
* Food Applications
* Non-Food Applications
* Animal Feed Applications
* Others
Market breakup by Region:
* Europe
* North America
* Asia-Pacific
* Others
Top players:
* Tate and Lyle
* Tereos Syral
* Roquette Freres
* Archer Daniels Midland
* Crespel & Deiters
* Cargill Inc.
* Jackering
* Kroner Starke
Key findings from the report:
* Wheat starch serves a number of application domains which include food applications, non-food applications, animal feed applications and others.
* Region-wise, Europe dominated the market with the majority of market share in 2018. Some of the other major markets include North America, Asia-Pacific and others.
* The global wheat starch market is surrounded by a number of players operating. Some of these include Archer Daniels Midland, Tate and Lyle, Roquette Freres, Cargill Inc., Crespel & Deiters, Tereos Syral, Jackering and Kroner Starke.
* These players have been adopting acquisitions and coming up with new product developments, in order to increase their profit margins.
Related Links:
https://www.expertmarketresearch.com/reports/sorbitol-market
https://www.expertmarketresearch.com/reports/kombucha-tea-market
https://www.expertmarketresearch.com/reports/india-food-fortification-premix-market
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Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.
With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.
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