(MENAFN- IMARC Group) IMARC Group, a leading market research company, has recently releases report titled
“ Wheat Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032 ”,
The study provides a detailed analysis of the industry, including the
global
wheat starch market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the wheat starch market?

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.

Get a Sample Copy of this Report:
https://www.imarcgroup.com/wheat-starch-processing-plant/requestsample

Factors Affecting the Growth of the Wheat Starch Industry:

• Increasing Demand for Gluten-Free Products:

The wheat starch market is benefiting from the rising demand for gluten-free products. As awareness about gluten intolerance and celiac disease increases, more consumers are seeking gluten-free alternatives. Wheat starch, especially when modified to remove gluten, is emerging as a popular ingredient in this segment. It is being used in a variety of gluten-free foods, from baked goods to sauces, offering similar textural properties to traditional wheat-based products. This trend is catering to the needs of health-conscious consumers and driving innovation in food processing techniques to produce high-quality gluten-free wheat starch.

• Versatility in Food and Industrial Applications:

Wheat starch offers versatility and functionality in both food and industrial applications, which are key factors driving its market growth. In the food industry, wheat starch is used for its thickening, stabilizing, and texturizing properties in products like baked goods, soups, and snacks. Beyond food, it finds applications in the paper, textile, and pharmaceutical industries due to its binding and adhesive properties. This wide range of applications is promoting its use across various sectors, contributing to the continuous growth of the wheat starch market. The ongoing development of new applications for wheat starch is further broadening its market potential.

• Advancements in Wheat Starch Processing Technology:

Technological advancements in wheat starch processing are playing a significant role in the market growth. Modern processing technologies are enhancing the efficiency and sustainability of wheat starch production, making it more cost-effective and environmentally friendly. These advancements include improved extraction methods and innovative processing techniques that yield higher quality starch with enhanced functional properties. Additionally, the development of modified wheat starch, tailored for specific applications, is expanding its usability. This technological progress in wheat starch processing is fostering the development of new and innovative products, further driving the market expansion.

Wheat Starch Market Report Segmentation:

Breakup By End-Use:

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

By end use, sweeteners represented the largest segment due to the effectiveness of wheat starch in providing a cost-efficient and versatile base for producing various sweetening agents.

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)

Global Wheat Starch Market Trends:

The increasing focus on healthy eating is a primary driver accelerating the growth of the wheat starch market. Moreover, manufacturers are utilizing this heightened health consciousness to create targeted marketing strategies that appeal to health-focused consumers. Additionally, the importance of research and development (R&D) in wheat starch applications is crucial in producing products that meet specific dietary needs and preferences, thereby building consumer trust and loyalty. Furthermore, the versatility of wheat starch, with its use in food, pharmaceuticals, and paper industries, caters to a wide range of applications, promoting the expansion of the wheat starch market by addressing diverse consumer and industrial requirements.

Browse the full report with TOC and list of Figures :

MENAFN17012024004122016232ID1107730530