The size of the global market for modified wheat starch was estimated to be $12.5 billion in 2022, and it is expected to reach $17.5 billion by the end of 2030 with a CAGR of roughly 11.2% between the years 2023 and 2030.
The study on the modified wheat starch market is an essential resource that serves as a reference to growth factors, difficulties, and restraints in the global marketspace, as well as opportunities. The geographical market is covered in depth within the study on the modified wheat starch business, in addition to an in-depth examination of the competitive landscape.
Modified Wheat Starch Market: Overview
Wheat starch can be modified for a variety of applications, which results in the creation of modified wheat starch. In addition, the starch of maize, wheat, and any other cereal can be altered in a variety of ways, including chemically, enzymatically, and physically. In addition, the primary goals of wheat starch modification include increasing the adaptability of starch so that it can be used in a greater variety of applications, minimizing the negative characteristics of starch, and enhancing the starch’s characteristics in comparison to those of other native precursors. According to some reports, modified wheat starch can be found in a wide variety of items, including icings, batters, sauces, morning cereals, pie fillings, yeast-leavened doughs, soups, whipped cream, toppings, pudding-type products, jellies, foam-type cakes, jellies, and meringues.
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Modified Wheat Starch Market: Growth Factors
The growing demand from consumers for processed foods is expected to drive worldwide market trends between 2023 and 2030.
The demand for processed foods among consumers is on the rise, which has caused an increase in the global market for modified wheat starch. In addition to this, advantageous product features like gelling, thickening, and stabilization will contribute significantly to the earnings of the global market. In addition to this, modified wheat starch helps the body retain fluids while also providing the diet with the right texture and viscosity. In addition to that, it helps gel and bind the ingredients together. The growth of the global market for modified wheat starch will be driven in large part by the factors that have been discussed thus far.
Modified Wheat Starch Market: Segmentation
The global market for modified wheat starch may be broken down into three different categories: the kind, the application, and the area.
The global market for modified wheat starch is divided into two categories, organic starch, and general starch, according to the type of starch. In addition, it is expected that the organic starch sector, which was responsible for more than half of the global market share in 2022, will continue to maintain its position as the dominant segment even over the timeframe of the forecast. Its high energy value contents, in addition to its gigantic use as a thickening, clouding, glazing, and stabilizing agent, can be linked to the forthcoming segmental growth that is expected to occur over the next eight years. In addition to this, it is utilized extensively in the production of foods such as pasta, sugar confections, dairy products, bread goods, alcoholic beverages, soups, and snacks.
Modified Wheat Starch Market: Regional Insights
Asia-Pacific Modified Wheat Starch market to register major gains in the next eight years
The Asia-Pacific region, which accounted for over half of the global modified wheat starch market revenue in 2022, is anticipated to lead the regional market expansion over the analysis timeline. The regional market elevation over 2023-2030 can be a result of surging per capita income and an increase in the demand for convenience & processed food Apart from this, the rapid expansion of key industries in the region will contribute sizably towards the global market size.
Modified Wheat Starch Market: Competitive Insights
The global modified wheat starch market profiles key players such as:
Manildra Group USA
Tereos Group
Avebe U.A.
Cargill
Incorporated
Grain Processing Corporation
KRONER-STARKE
SMS Corporation Co. Ltd
AGRANA
Emsland-Stärke GmbH
Grain Processing Corporation
ADM
Roquette
Universal Starch Chem Allied
Global Bio-Chem Technology Group Company Limited
Sudzucker AG
PT Budi Starch & Sweetener TBK
Archer Daniels Midland Company
Spac Starch Products (India) Ltd.
Beneo Remy N.V.
Qingdao Cbh Co. Ltd.
Agrana Beteiligungs-AG.
The global modified wheat starch market is segmented as follows:
By Type
Organic Starch
General Starch
By Application
Drug Formulations
Food & Beverages
Animal Feed
Textile Manufacturing
Paper
Cosmetics
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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