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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.
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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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