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Wheat Starch Market Trends

Report ID: GMI11908
Published Date: Oct 2024
Report Format: PDF

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Wheat Starch Market Trends

Innovations in processing techniques have enhanced wheat starch extraction and refinement, yielding higher purity and quality. The past decade has seen companies leverage technology for improved efficiency and yield, with significant R&D investments aimed at product differentiation and market strengthening. Looking forward, advancements like enzyme-based modifications and hybrid starch varieties promise to further broaden the wheat starch portfolio.

According to the United States Department of Agriculture (USDA), the global production of wheat starch reached approximately 3.5 million metric tons in 2023, reflecting a 4% annual growth rate over the past five years. Additionally, the European Union's Horizon 2020 program has allocated over USD 54.1 million towards research and development in sustainable bioplastics, highlighting the increasing governmental support for eco-friendly industrial applications.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of wheat starch reached USD 4.3 billion in 2023 and is set to grow at a 3% CAGR from 2024 to 2032, driven by rising demand in sectors like food & beverages, pharmaceuticals, and paper & packaging.

The native wheat starch segment was valued at USD 2.9 billion in 2023 and is expected to expand at a 3.2% CAGR during 2024 to 2032, as consumers increasingly seek natural ingredients driven by the clean-label movement.

The powdered wheat starch segment was valued at USD 3.9 billion in 2023 and is projected to maintain a 3.2% CAGR through 2032, due to its ease of use, storage, and transport.

The U.S. market was valued at over USD 990.4 million in 2023 and is poised to witness 3.3% CAGR between 2024 and 2032, led by a growing consumer preference for natural and clean-label ingredients.

The major players in the industry include ADM, Aminola, Cargill, Crespel & Deiters Group, Fengchen Group, Meelunie, Novasol Ingredients, Pruthvi Foods, Roquette Fr