According to the latest report by IMARC Group, titled "Wheat Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global wheat starch market grew at a CAGR of 2.5% during 2014-2019. Wheat starch is obtained by processing the endosperm of the wheat grain. The soluble starch is dissolved in water and then evaporated to form a fine white-colored powder. It does not lend elasticity to the dough due to which it is most commonly used as thickener, food additive and an active ingredient in the food and beverages sector. It is also widely used as an emulsifier, stabilizer, fat substitute and a clouding or glazing agent in numerous food applications. Apart from this, it is utilized for improving the texture, viscosity, gel formation, adhesion, binding and moisture retention of numerous food items, which has contributed to its widespread adoption in the food sector.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Wheat Starch Market Trends:
The market is primarily driven by the increasing utilization of wheat starch in the food and beverage industry. It forms an essential ingredient in the preparation of various food products due to its superior stabilizing, thickening and gelling properties. Along with this, wheat starch is processed by eliminating the gluten proteins from wheat flour, which makes it a preferred choice among the consumers who prefer gluten-free foods. It is also used in the sector as a fat substitute in a variety of food preparations, which is providing a thrust to the market growth. The market is further driven by the growing utilization of the starch to manufacture low-calorie sweeteners, including sorbitol. This is supported by the shifting dietary preferences, along with the increasing incidences of lifestyle diseases, which has encouraged the masses to shift to low-calorie diets. Apart from this, the starch is used in the manufacturing of skincare products, such as face masks and body cleansers, as it can be utilized to absorb excess oil and impurities from the skin. Moreover, it is also employed in the textile and paper industry as a sizing agent and production component. These expanding applications are expected to drive the market further. On account of the aforementioned factors, the market is expected to witness steady growth during 2020-2025.
- On the basis of the end-use, the market has been divided into sweeteners, fuel, paper and textile, food and others. Among these, sweeteners exhibit a clear dominance in the market, accounting for the majority of the total market share.
- The competitive landscape of the market has been analyzed in the report with the detailed profiles of the key players. Some of these players include Tate & Lyle plc, Roquette Frères S.A., Cargill, Incorporated, Archer Daniels Midland Company, and Tereos Group.
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