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Modified Wheat Starch Market - Forecast (2022 - 2027)

 Modified Wheat Starch Market size is estimated to reach $825.3 million by 2027, growing at a CAGR of 2.6% during the forecast period 2022-2027. Modified wheat starch can be demarcated as complex carbohydrate or starch extracted from the wheat berry/kernel. It is fabricated through native starch’s chemical and enzymatic treatment to alter its properties. It is commonly used as a thickening agent, fat substitutes, and emulsifier in food and beverages. Nevertheless, it is also considered a texture agent in several cosmetics and holds better steadiness against acid and heat. Growing demand for ready meals, proliferating usage as a fat replacer, heightening demand for nutritional drinks, spiking demand for adhesives, rising convenience and processed food consumption, growing applications in animal feed in order to ensure animal health, rising disposable incomes, bettering infrastructure in developing countries are factors set to drive the growth of the Modified Wheat Starch Industry for the period 2022-2027.

Report Coverage

The report: “Modified Wheat Starch Market Forecast (2022-2027)” by Industry ARC covers an in-depth analysis of the following segments of the Modified Wheat Starch Market

By Type: Organic and Conventional. By Function: Binder, Emulsifier, Stabilizer, Thickener, Disintegrant, and Others. By Application: Animal feed, Paper industry, Food and beverages (Bakery, Confectionery, Processed Foods, and Others), Cosmetics, and Others. By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest of World (the Middle East and Africa).

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Key Takeaways

Geographically, the Asia-Pacific Modified Wheat Starch Market accounted for the highest revenue share in 2021. The growth is owing to high wheat production, heightening demand for RTE foods with swift urbanization, embryonic processing technologies in the region, and increasing living standards of people as disposable incomes are broadening.

Versatile applications as a disintegrant in pharmaceuticals, emulsifier in food and beverages, and a binder in the paper industry, growing demand for cosmetics and convenience foods, technological breakthroughs in processing methods or technologies, and escalating demand for dairy and quality meat are said to be preeminent driver driving the growth of Modified Wheat Starch Market. Wheat shortage is felt across the globe because of the Russia-Ukraine conflict, soaring inflation rates, and environmental mishaps are said to reduce the market growth.

Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Modified Wheat Starch Market report.

Modified Wheat Starch Market Segment Analysis-By Type

The Modified Wheat Starch Market, based on the type, can be further segmented into organic and conventional. The conventional segment held the largest share in 2021. The growth is owing to conventional farming is best known for higher yield as several chemicals taken into account reduce the insects’ attacks and unwanted weeds. In addition, conventional farming uses genetically modified seeds that result in a more fruitful crop. As a result, it increases the overall revenue of farmers. In addition to that, owing to its cheap nature and low resource requirements, conventional farming is more common among farmers worldwide. conventional farming is practiced all over the globe.

Additionally, the high price of organic harvest and little to no awareness among people regarding the existence of organic alternatives has aided the demand for conventionally grown brown sugar. Furthermore, organic is estimated to be the fastest-growing segment with a CAGR of 3.3% over the forecast period 2022-2027. This growth is owing to broadening health attentiveness among consumers. Owing to several health problems linked with conventionally grown foods and an environment unfriendly nature has subjected people to shift toward organic. Moreover, unlike conventional, organic farming doesn’t pose environmental hazards.

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Modified Wheat Starch Market Segment Analysis-By Application

The Modified Wheat Starch Market, based on applications, can be further segmented into Animal feed, Paper industry, Food and beverages (Bakery, Confectionery, Processed Foods, and Others), Cosmetics, Paper Industry, and Others. The food and beverages segment held the largest share in 2021. The said is a dominant segment because the food industry is evergreen; no matter the situation or circumstances, food is an essential commodity required for humans’ survival. Modified wheat starch plays a significant role in maintaining the stability and uniformity of various sauces. In addition to that, during processing activities, modified starches attack gel breakdown and elongate the shelf life of food items. Nevertheless, animal feed and food and beverages are estimated to be the fastest-growing segments with a CAGR of 3.4% over the forecast period 2022-2027. This growth is owing to changing tastes and preferences of people, surging demand for convenience or ready-to-eat foods and nutritional beverages, and rising usage of animal feeds as overall demand for dairy and better-quality meat is augmenting day after day.

Modified Wheat Starch Market Segment Analysis-By Geography

The Modified Wheat Starch Market, based on Geography, can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. The Asia Pacific held the largest share, with 38% of the overall market in 2021. The growth in this segment is owing to the factors such as the presence of the biggest wheat-producing countries. China, with over 134 million metric tons, and India with nearly 98 million metric tons of annual production are the two biggest wheat-producing countries in the world. Also, Australia’s contribution has reached 31 million metric tons in global wheat production. In addition to that, the enormous population size has aided the market in the said region. Moreover, Asia-pacific is expected to be the fastest-growing segment over the forecast period 2022-2027. This growth is owing to evolving processing technologies, rising disposable incomes, skyrocketing demand for RTE foods because of eventful lifestyles of people, and ease of doing business because of ameliorating infrastructure, especially in developing nations like Indonesia, India, and China.

Modified Wheat Starch Market Drivers

Augmenting demand for wheat starch in the pharmaceutical, animal feed, and food industry are anticipated to boost market demand

There are many reasons behind the extensive usage of starch in the pharmaceutical industry. Starch is commonly considered as a disintegrant, excipients, binder, glidant, and capsule diluent. Drug absorption happens only because of disintegrants as they break them down into fragments. Considering the non-stop demand for pharmaceuticals, the starch industry is anticipated to be benefited. For instance, the Indian Economic Survey conducted in 2021 claimed that the Indian pharmaceutical market is anticipated to reach $65 billion by 2024. In addition to that, global medicine spending is projected to reach $1.6 trillion by 2025. Also, proliferating demand for dairy and meat has broadened the use of starch as animal feed. India alone consumed 83 million metric tons of milk in 2021, whereas European Union’s consumption stood at 23.9 million metric tons.

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Modified Wheat Starch Industry Outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the aforementioned Market. Modified Wheat Starch market top 10 companies include-

1. Archer Daniel Midland Company 2. Cargill Inc 3. Universal Starch Chem Allied 4. Grain Processing Corporation 5. Emsland-Starke GmbH 6. Spac Starch Products 7. Kroner-Starke 8. Beneo Remy NV 9. SMS Corporation Ltd 10. Tereos Group

Recent Developments

On December 22, 2021, Illinois, United States-based company Archer-Daniels-Midland (a firm known for its food processing) announced the successful acquisition of Panama-based Flavor Infusion International SA (a firm that provides flavor and specialty solutions). The financials of the transaction were not disclosed by the firm; nevertheless, the transaction has expanded the company's presence in Latin America and the Caribbean.

On December 15, 2021, Loryma (Zwingenberg, Germany), a member of the Crespel & Deiters Group, is offering two alternatives to the white pigment titanium dioxide, which will no longer be recognized by the European Food Safety Authority as safe to use in food. Loryma’s alternatives include two wheat starches: Lory Starch Iris and Lory Starch Elara. Starch Iris is a native small-grain starch with small and uniform particles, while Starch Elara is a resistant wheat starch that is suitable for applications that contain water.