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. On account of the aforementioned factors, the market is expected to witness a CAGR of 1% during 2021-2026.
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.
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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.
Market Summary:
- 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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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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