Wheat Starch Market

Wheat Starch Market Size:

The global wheat starch market size reached US$ 4.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.3 Billion by 2032, exhibiting a growth rate (CAGR) of 2.7% during 2024-2032. The increasing demand for gluten-free products, rising consumption of convenience foods, expanding applications in various industries such as food, pharmaceuticals, and cosmetics, and technological advancements in production processes are some of the key market trends.

Wheat Starch Market Analysis:

• Market Growth and Size: The wheat starch market size is witnessing steady growth, driven by factors such as increasing demand for gluten-free products and rising consumption of convenience foods. It is estimated to reach a substantial market size due to expanding applications across various industries and regions.
• Major Market Drivers: Demand for gluten-free products and convenience foods are primary drivers. Besides this, technological advancements in production processes also contribute significantly to market growth.
• Technological Advancements: Ongoing advancements in extraction, refining, and modification techniques enhance the yield, quality, and functionality of wheat starch. Moreover, novel processing methods and modifications are broadening its applications and improving efficiency.
• Industry Applications: Wheat starch finds applications in food, pharmaceuticals, cosmetics, papermaking, adhesives, and textiles. Its versatility and functional properties make it a preferred choice in various industrial processes.
• Key Market Trends: One of the key wheat starch market trends includes an increasing focus on product innovation to meet diverse consumer demands. In line with this, the growing utilization of wheat starch in emerging markets due to changing dietary preferences and lifestyle shifts is propelling the industry's growth.
• Geographical Trends: Geographical expansion of key market players to tap into new markets and capitalize on growing demand. Regional variations in consumption patterns and regulatory landscapes influence market dynamics.
• Competitive Landscape: The industry is highly competitive with key players leading the industry with the majority of wheat starch market shares. Strategic initiatives such as mergers, acquisitions, and partnerships drive competition and market growth.
• Challenges and Opportunities: Regulatory compliance and quality standards pose challenges for market players. While, opportunities lie in expanding applications, technological innovations, and geographical diversification to capitalize on emerging market trends and consumer preferences.

Wheat Starch Market Trends:

Increasing demand for gluten-free products:

One of the primary drivers of the wheat starch market is the rising demand for gluten-free products. As gluten intolerance and celiac disease become more widely recognized and diagnosed, there is a growing consumer base seeking alternatives to traditional wheat-based products. Wheat starch, when processed to remove gluten, becomes a viable option for individuals with gluten sensitivities or allergies. This demand is further propelled by changing dietary preferences, health consciousness, and the perception of gluten-free products as healthier alternatives. Consequently, manufacturers are incorporating wheat starch into various gluten-free products such as baked goods, snacks, and pasta, thereby boosting wheat starch market shares.

Rising consumption of convenience foods:

Another significant factor driving the wheat starch market is the increasing consumption of convenience foods worldwide. Busy lifestyles, urbanization, and changing dietary habits have led to a surge in demand for ready-to-eat (RTE) or easy-to-prepare food products. Wheat starch serves as a key ingredient in many processed and convenience food items due to its functional properties such as thickening, stabilizing, and binding. It is commonly used in the production of sauces, soups, gravies, and snacks to enhance texture, viscosity, and mouthfeel. Moreover, wheat starch offers cost-effective solutions for manufacturers seeking to improve the sensory attributes and shelf stability of convenience foods, thereby fueling market growth.

Expanding applications across industries:

The versatility of wheat starch is expanding its applications into various sectors such as pharmaceuticals, cosmetics, and industrial processes. The growing product utilization across the pharmaceutical sector as an excipient in tablet formulations to facilitate drug disintegration and release owing to its inert nature, low allergenic potential, and compatibility with active ingredients is fostering market expansion. Besides this, the rising use of wheat starch in skincare and personal care products for its absorbent properties, aiding in oil control and mattifying effects is impelling the market growth. Furthermore, the expanding product application in industrial processes such as papermaking, adhesives, and textiles is contributing to the wheat starch market size by catering to diverse end-user segments.

Technological advancements in production processes:

Innovations in extraction, refining, and modification techniques have led to improved yields, product quality, and functionality of wheat starch. Novel processing methods such as enzyme-assisted extraction and hydrothermal treatment have enhanced the efficiency of starch recovery from wheat kernels while minimizing energy consumption and environmental impact. Additionally, developments in enzymatic and chemical modifications have expanded the range of functional properties and applications of wheat starch, enabling its utilization in specialized products with tailored characteristics. These technological advancements are driving efficiency and cost-effectiveness in wheat starch production and creating new opportunities for market expansion and product innovation.

Wheat Starch Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts for the period from 2024-2032. Our report has categorized the market based on end-use.

Breakup by End-Use:

• Sweeteners
• Fuel
• Paper and Textile
• Food
• Others
   

Sweeteners dominate the market

The report has provided a detailed breakup and analysis of the market based on the end-use. This includes sweeteners, fuel, paper and textile, food, and others. According to the report, sweeteners represented the largest segment.

The demand for wheat starch as sweeteners, providing texture, viscosity, and stability to a wide range of products represents one of the key wheat starch market trends influencing industry expansion. As a natural thickening agent and bulking agent, wheat starch enhances the mouthfeel and consistency of sweetened products such as confectionery, desserts, and beverages. Moreover, its ability to form gels and stabilize emulsions makes it a preferred choice for formulating syrups, toppings, and fillings in the food industry.

Besides this, the increasing use of wheat starch in the fuel industry driven by its potential as a renewable and biodegradable raw material for the production of bioethanol, contributing to sustainability goals is providing an impetus to the wheat starch market size.

Moreover, the widespread product adoption across the paper and textile industries as a sizing agent, providing strength, smoothness, and printability to paper and enhancing the texture and stiffness of textiles is aiding in market expansion.

In addition to this, the increasing demand from the food industry, where wheat starch is used as a thickening, stabilizing, and binding agent in a variety of processed foods, including sauces, soups, and baked goods, enhancing their texture and shelf stability is further bolstering wheat starch market share.

Apart from this, wheat starch finds applications in diverse industries such as pharmaceuticals, cosmetics, and adhesives, driven by its versatility, compatibility with other ingredients, and functional properties catering to specialized requirements.

Leading Key Players in the Wheat Starch Industry:

The global wheat starch market exhibits a competitive landscape characterized by the presence of several key players striving to maintain their market position through strategic initiatives such as product innovation, geographical expansion, and mergers and acquisitions. Leading companies invest significantly in research and development (R&D) to introduce new wheat starch products with enhanced functionalities catering to diverse end-user needs, thereby strengthening their competitive edge. Furthermore, partnerships with suppliers, distributors, and end-users enable market players to broaden their market reach and capture untapped opportunities in emerging regions. Additionally, stringent regulatory frameworks governing food safety and quality standards necessitate compliance efforts, reinforcing the competitive dynamics within the market.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• Tate and Lyle
• Roquette Freres
• Cargill Inc.
• Archer Daniels Midland
• Tereos Syral
• Crespel & Deiters
• Jackering
• Kroner Starke
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Latest News: 

• In July 2023, Tate & Lyle PLC announced a new addition to its sweetener portfolio – a highly soluble, natural, and zero-calorie stevia product called TASTEVA® SOL.
• In January 2022, Cargill Inc. opened its first Food Innovation Center (CIC) in Gurugram, Haryana, India. This state-of-the-art center is dedicated to developing innovative solutions that cater to the evolving food and beverage (F&B) market trends.
• In November 2021, Archer Daniels Midland (ADM) successfully completed the acquisition of Sojaprotein, a prominent European provider of non-GMO soy ingredients.

Wheat Starch Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the wheat starch market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global wheat starch market.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the wheat starch industry and its attractiveness. 
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.