As per the latest report by IMARC Group, titled “Wheat Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global wheat starch market size reached 6.19 Million Tons in 2018. Wheat starch refers to a white-colored powder that is derived from the wheat plant of the genus Triticum from the grass family, Gramineae. Extracted from hydrated flour, wheat starch is widely used in the food and beverage industry as a thickening agent, food additive and an active ingredient. Wheat starch also acts as an emulsifier, stabilizer and a clouding or glazing agent. Additionally, it is utilized to improve the texture, viscosity, gel formation, adhesion, binding and moisture retention of various food items. Apart from cooking, it also has the property to absorb excess oil and impurities, which makes it an ideal ingredient in numerous skin care products. As a result, it is extensively employed in the preparation of face masks and body cleansing products.
Global Wheat Starch Market Trends:
The increasing demand for wheat starch as a key stabilizing and gelling agent from various end use industries is one of the major factors driving the market growth. Increasing incidences of lifestyle diseases like diabetes and obesity have encouraged individuals to lead a healthy life. Consequently, they are replacing sugar with healthy substitutes like low-calorie sweeteners. Since a majority of such sweeteners like sorbitol are derived from wheat starch, this is providing a thrust to the market growth. Wheat starch is also preferred as a gelling agent in meat products and as a fat replacer in several food items. Moreover, it forms an essential component as a sizing agent in the textile industry. Also, it is utilized in the production of adhesive and sealants that are used to bind products such as books and notebooks. On account of these factors, the wheat starch market is expected to reach a volume of 6.56 Million Tons by 2024, expanding at a CAGR of 0.9% during 2019-2024.
- On the basis of the end use, the market has been categorized into sweeteners, fuel, paper and textile, food and others. At present, sweeteners represent the largest segment, accounting for the majority of the overall market share.
- The competitive landscape of the market has also been analyzed with the detailed profiles of the key player operating in the market. Some of these players include Tate and Lyle, Roquette Freres, Cargill Inc., Archer Daniels Midland and Tereos Syral.
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