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Global Wheat Starch Market to Grow at a CAGR of 1.1% between 2021 and 2026.

According to a new report by EMR titled, ‘Global Wheat Starch Market Report and Forecast 2021-2026’, the global wheat starch market reached a volume of almost 5 million metric tons in 2020. The market is further expected to grow at a CAGR of 1.1% in the forecast period of 2021-2026 to attain the volume of 5.6 million metric tons by 2026.

The global wheat starch market is being driven by the growing demand for wheat starch from its end-use sectors and the rising production of the starch, globally. Europe is the leading producer of wheat starch, globally. In the European Union, wheat starch is one the leading starch types, following corn and potato starch. Thus, the overall increase in the starch production in the EU is expected to aid the wheat starch market in the region. In 2017, the starch production in the region reached 9.4 million tons, growing from the production volume of 9.3 million ton in 2016. The wheat starch market is also supported by the region’s healthy wheat output. India and China are the other significant producers of wheat and, thus, aid the wheat starch market significantly.

With consumers increasingly preferring starches like wheat starch due to their modified form being gluten-free, leading companies are investing in expanding their starch portfolio. In 2020, Archer Daniels Midland Company (NYSE: ADM), a key player in the wheat starch market, announced its partnership with General Starch Limited (GSL), a leading tapioca starch producer located in Thailand, in order to expand its specialty and clean label starch portfolio.

The growing demand for processed and convenience food is further boosting the industry growth of the overall starch market, including that of wheat starch. In February 2020, Cargill, a major player in the wheat starch market, announced its investment of USD 22.5 million in its Sas Van Gent starch production facility in the Netherlands to expand the starch production of the company, which in turn will support the increased consumer demand for convenience food.

Market Analysis by Types, Applications, and Regions:

  • Native and modified starches are the major wheat starch types available in the market.
  • Wheat starch has applications in the food and beverage, animal feed, pharmaceuticals and chemicals, textiles, and paper and corrugated sectors, among others.
  • The major regional markets for wheat starch are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing global population, especially the middle-class population, is the key driver for wheat starch market growth.
  • The growing inclination of consumers towards processed food like pasta is aiding the demand for wheat starch, globally.
  • Wheat starch is ideal for people suffering from obesity or diabetes due to its low-calorie content and can also be used as a low-calorie sweetener.
  • The rising demand for wheat starch from the personal care and hygiene sector is further propelling the market forward.

Key Offerings of the Report:

  • The EMR report gives a detailed market analysis of the types, applications and major regions of wheat starch for the historical and forecast periods of (2016-2020) and (2021-2026), respectively.
  • The report also provides an in-depth overview of the feedstock market for the (2016-2020) and (2021-2026) periods.
  • This report offers an assessment of the global trade data for wheat starch and wheat, covering the value and volume of the major exporting and importing countries. 
  • It also gives the regional historical (2016-2020) and forecast (2021-2026) price trends for wheat starch as well as wheat.

The key players in the global wheat starch market are Cargill Incorporated, Archer Daniels Midland Company, Roquette Freres, Agrana Group, and Tereos SA, among others. The EMR report gives an in-depth insight into these major players, covering their capacity, market share, and latest developments like mergers and acquisitions, plant turnarounds, and expansions of capacity.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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