According to the latest report by IMARC Group, titled "Wheat Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global wheat starch market size reached 6.30 Million Tons by 2020. Wheat starch refers to the white powdery substance that is obtained by the processing of wheat grain of the genus Triticum. It is processed by removing the proteins from wheat flour, which is widely utilized across the food industry as a food additive, thickening agent and an active ingredient in the preparation of various foods. It is also commonly used as a stabilizer, emulsifier, fat substitute and a clouding or glazing agent to enhance the texture, adhesion, viscosity, gel formation, binding and moisture retention of numerous food items. Apart from this, wheat starch also finds multiple applications across the paper and textile industries.
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 global market is majorly driven by the extensive applications of wheat starch across the food and beverages industry, facilitated by its excellent stabilizing, thickening and gelling properties. Rapid urbanization and the inflating disposable income levels of the masses have provided a boost to the sector, thereby providing an impetus to the demand for wheat starch across the globe. Moreover, since the processing of the starch removes gluten proteins from the flour, wheat starch is increasing preferred by health-conscious consumers and individuals with gluten allergy. Apart from this, the starch is widely utilized for the production of several low-calorie sweeteners, including sorbitol. Supported by the changing dietary preferences of the masses and the rising prevalence of lifestyle disorders across the globe, this is acting as another major growth-inducing factor. The market is further driven by the increasing applications of wheat starch in the formulation of multiple skincare and personal care products. Since the starch is known to absorb excess oil and impurities from the skin in an efficient manner, it forms an essential component in the manufacturing of face masks and body cleansers. This is further facilitated by the escalating preference for natural skincare products on the global level. Some of the other factors contributing to the market growth include the widespread adoption of wheat starch as a sizing agent and production component in textile and paper industries and its increasing utilization as a fat replacer in the food sector. On account of the aforementioned factors, the market is expected to witness a CAGR of 1% during 2021-2026.
- 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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