Global Wheat Starch Market Report and Forecast 2023-2028

Global Wheat Starch Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global wheat starch market reached a volume of 6.45 million tons in 2022. Aided by the burgeoning demand in the food and beverage sector and its multifaceted applications in various industries, the market is projected to further grow at a CAGR of 1.1% between 2023 and 2028 to reach 6.88 million tons by 2028.

Wheat starch, extracted from the wheat kernel, is a white to off-white powder, primarily composed of carbohydrates. It’s predominantly utilised as a thickening, gelling, and stabilising agent in a plethora of food products, including sauces, soups, pastries, and noodles. The intrinsic properties of wheat starch, like its ability to modify texture and consistency, make it an invaluable component in the culinary world. Furthermore, the organic variants of wheat starch cater to the rising demand for clean-label ingredients, further augmenting its wheat starch market outlook.

A pivotal force driving the wheat starch market is its increasing integration into gluten-free products. As health-conscious consumers actively seek out gluten-free alternatives due to dietary restrictions or personal preferences, the demand for wheat starch in producing gluten-free bread, snacks, and other bakery items has seen a significant uptick.

Moreover, beyond the culinary realm, the wheat starch market demand is expected to get spearheaded in the coming years, as the product finds application in diverse sectors. The textile industry harnesses its properties for sizing and finishing, enhancing the fabric's strength and weaving efficiency. The paper industry, on the other hand, leverages wheat starch as a surface sizing agent, binder, and adhesive, accentuating the paper’s print quality and durability.

The cosmetic and personal care industry is yet another significant consumer of wheat starch. Owing to its absorbent nature, it is incorporated into products like face powders, ensuring a matte finish by absorbing excess oils. Furthermore, the biodegradable nature of wheat starch resonates with the current sustainable and eco-friendly trends, making it a sought-after ingredient in environment-friendly packaging materials and products.

Furthermore, the increasing research and development in the area, coupled with technological advancements in extraction processes, are poised to offer avenues for wheat starch market growth. The rise of organic farming and non-GMO products presents an untapped market potential, with consumers increasingly leaning towards natural and unadulterated products.

Market Segmentation

The market can be divided based on type, end use, and region.

Market Breakup by Type

• Native Starch
• Modified Starch

Market Breakup by End Use

• Sweeteners
• Fuel
• Paper and Textiles
• Food
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global wheat starch market. Some of the major players explored in the report by Expert Market Research are as follows:

• Cargill Incorporated
• ADM
• Roquette Freres
• Tereos
• AGRANA Beteiligungs-AG
• Tate and Lyle
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.