Dublin, Oct. 10, 2023 (GLOBE NEWSWIRE) -- The "Wheat Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global wheat starch market, valued at US$ 4.0 Billion in 2022, is anticipated to witness substantial growth, reaching US$ 4.8 Billion by 2028, with a steady Compound Annual Growth Rate (CAGR) of 2.7% during the period from 2023 to 2028.
Wheat starch, a crucial food additive derived from wheat flour, has garnered widespread attention due to its versatility and applications across various industries. The starch is obtained by meticulously removing proteins from wheat flour, resulting in a product visually resembling flour or corn starch.
Wheat starch serves as an essential thickening agent and a key ingredient in food products, including glucose syrup, dextrose, and maltodextrin. Furthermore, it plays a pivotal role in stabilizing food sauces and dessert puddings, making it indispensable in the food and beverage (F&B), pharmaceutical, paper, and textile sectors worldwide.
Key Market Trends
Recent trends indicate a surge in the use of native wheat starch to maintain moisture, replicate fat in confectionery fillings, replace gluten in gluten-free products, and enhance the texture and shelf life of various food items. This trend is particularly evident in confectionery and bakery products such as gelled candies, fondants, taffy, marshmallows, and fudges, driving the market forward.
Additionally, the growing awareness of healthy eating habits and dietary requirements has spurred the demand for wheat starch. In the cosmetic industry, wheat starch finds utility in improving the emulsion stability of cosmetics and manufacturing face masks and body cleansers. Furthermore, its role as a sizing agent in the paper and textile industry further contributes to market growth.
Key Market Segmentation
The global wheat starch market report provides a comprehensive analysis of key trends within each sub-segment and forecasts for the period from 2023 to 2028. The market is categorized based on end-use, including:
- Sweeteners
- Fuel
- Paper and Textile
- Food
- Others
Among these segments, sweeteners hold a dominant position, driven by the increasing adoption of low-calorie sweeteners in soft drinks, grains, snacks, and dairy products worldwide.
Competitive Landscape
The competitive landscape of the market is robustly analyzed in the report, featuring detailed profiles of major industry players, including:
- Tate and Lyle PLC
- Roquette Freres
- Cargill Inc.
- Archer Daniels Midland Co.
- Tereos
- Crespel & Deiters Group
- Jackering Group
- Kroner-Starke GmbH
Key Questions Addressed
The report addresses key questions concerning the global wheat starch market:
- Impact of COVID-19 on the global wheat starch market
- Global wheat starch market size in 2022
- Major drivers of the global wheat starch market
- Major trends in the global wheat starch market
- Global wheat starch market outlook for 2023-2028
- Breakdown of the global wheat starch market by end-use
- Major regional markets in the global wheat starch industry
- Leading global wheat starch industry players
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 141 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $4 Billion |
| Forecasted Market Value (USD) by 2028 | $4.8 Billion |
| Compound Annual Growth Rate | 3.1% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/o4bms9
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
- Wheat Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
