Wheat starch is an odourless and white-coloured powder, obtained by removing the proteins from wheat flour. It is similar in appearance to corn starch or flour in its processed state. The latest report by IMARC Group titled, “Wheat Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the global wheat starch market has grown at a CAGR of 3.5% during 2010-2017, reaching a value of US$ 3.6 Billion in 2017.
Highlights of global wheat starch market:
- The market is gaining momentum as a result of its increasing consumption in several industries.
- The sweeteners industry is the largest end-use segment.
- The market is expected to reach a value of US$ 4.2 Billion by 2023.
The demand for wheat starch is accelerating on account of its increasing consumption. Moreover, a number of industries, such as food, cosmetics, pharmaceuticals, textiles and chemical, are using it as an essential ingredient in the production of various products. In the food industry, it serves as a thickening agent and a stabilizer and is used in a variety of food products - soups, sauces, gravies, puddings, pies, etc. In the chemical industry, it is used in the formulation of soaps, body cleansing products, shampoos, hand-washes, etc. Owing to these factors, the market is further expected to reach a value of US$ 4.2 Billion by 2023.
The market is segmented on the basis of end-use. Some of the end-use industries of wheat starch include sweeteners, food, paper making, etc. Amongst these, the sweeteners industry represents the largest market of wheat starch, accounting for the majority of the shares. The evaluation of the competitive landscape provides details of the key players operative in the market. Some of the major players include Tate and Lyle, Roquette Freres, Cargill Inc., Archer Daniels Midland and Tereos Syral.
The report provides a comprehensive analysis for setting up a wheat starch processing plant. The study covers all the requisite aspects of the wheat starch industry and provides an in-depth analysis of the market, industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists and all those who are planning to foray into the wheat starch industry in any manner.
The report by IMARC Group has examined the global wheat starch market on the basis of:
Market by End-Use:
- Paper Making
- Tate and Lyle
- Roquette Freres
- Cargill Inc.
- Archer Daniels Midland
- Tereos Syral
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