Wheat Starch Market

Global Wheat Starch Market Size (2024 to 2029)

The size of the global wheat starch market is expected to reach USD 17.69 billion by 2029 from USD 15.33 billion in 2024, growing at a compound annual growth rate (CAGR) of 2.9% during the forecast timeline. Native starch accounts for the highest market value in the wheat starch market. The European Union expected to exhibit a high opportunity for the growth of the wheat starch market.

Global Wheat Starch Market Drivers:

The rapid growth of the food additive industry is driving the growth of the global wheat starch market. The global food additives market has many large players, and the top manufacturers are more focused on developing label-friendly food additives. The use of food additives in food products will enhance the texture and taste, resulting in boosting the growth of the market. The shelf-life of products such as processed meats, soups, dairy desserts, and various other products can be increased with the use of wheat starch. The growth of the food additive industry has a direct impact on the sale of wheat starch. The manufacturers are always in search of better food additives that suit their requirements for enhancing the texture, binding, emulsification, and other food products that are beneficial to the wheat starch market growth.

The application-specific wheat starch is gaining popularity owing to the various end-uses of the starch in different industries for different functions. Major players in the wheat starch market are offering native, modified, and clean-label starch, which is widely used in the food industry, followed by the paper and textile industry, cosmetics, and animal feed. The various functions of wheat starch include thickening, stabilizer, viscosities, binding agent, texturizer, and others. Thus, the manufacturers are offering products that suit the specific application of the particular sector. The technological advances and adoptions in the extraction and processing of wheat starch enhance its functional properties, further fuelling its adoption by various other industries. Thus, the development of application-specific starch for industrial purposes is expected to boost the growth of the wheat starch market.

Global Wheat Starch Market Restraints:

The major challenge for the wheat starch market is the fluctuating price of wheat, which has a direct impact on the cost of wheat starch. Wheat is the major raw material in the wheat starch manufacturing industry. The unstable price of raw materials impacts the entire production cost, causing variations in the industry's financial statements. The unpredictable weather conditions, along with the geopolitical conditions of the regions, can affect the supply chain and overall market dynamics. The availability of substitute products to wheat starch, such as corn or potato starch, can hamper the sales of the market and pose a serious threat to the wheat starch market. The market players also may experience challenges due to the economic conditions and regional variations in the wheat production regions. The manufacturing industry requires strategic initiatives to mitigate the potential risks that may arise. The sudden imposition of taxation on the exports or ban on the exports by the exporting may cause supply disruption to the manufacturing industry that relies on other nations for wheat. 

Impact of COVID-19 on the wheat starch market:

The COVID-19 pandemic has made individuals realize the importance of the value of food and food production. European region companies manufacturing wheat starch have been benefitting from the individual’s realization of the value of the food and increase in wheat production during the pandemic period. However, the COVID-19 pandemic has created trade challenges. One includes the experience with Moscow, as the government has imposed taxes on exports of many agricultural products to reduce the implications of inflation and imposed taxes on wheat with the export limitation. Despite the imposition of the tax and export limitation, the market has experienced several other changes due to the pandemic effect. The entire supply chain has been affected due to the travel restrictions. The operational activities of the manufacturing industries have seen reduced manpower and limited working hours to avoid the transmission of the virus. The improper availability of raw materials and finished goods to many factories caused an imbalance between supply and demand. The impact of the pandemic has been observed on the wheat starch market.

REPORT COVERAGE:

This research report on the global wheat starch market has been segmented and sub-segmented based on products, grade, end-use industry, & region.

Global Wheat Starch Market – By Products:

• Native Starch
• Modified Starch

Modified starch is used more as immediate compressible excipients in the pharmaceutical industry, leading to the higher growth of the wheat starch market. Generally, native starch, which is a type of carbohydrate, is produced by physically extracting gluten and other proteins. The product is being investigated as a binder and disintegrant in the solid formulation. Native starch can be used to thicken the custard, sauces, sweets, and others. There are some applications in the food items where starch is highly used, such as in confectionery, bread & snack items, dairy products, sauces, & soups, pasta, prepared food, alcoholic beverages, and seafood & meat. 

Modified starch is a product that is altered physically, enzymatically, or chemically modified to change its fundamental qualities. These are frequently used in foods that claim to be “instant” and in food items that require a specific temperature to thicken during the cooking process.

Global Wheat Starch Market – By Grade:

• Food Grade
• Industrial Grade

The food grade is expected to dominate the wheat starch market. The market growth is attributed to the increasing demand for stabilizers, texturizers, and thickeners in the food industry. These ingredients are widely used in certain key products like puddings, soups, sauces, and pie fillings. For the commercial use, the industrial grade of the wheat starch is used. Commercial use generally includes factories, building sites, supermarkets, and entertainment studios for various applications.

Global Wheat Starch Market – By End Use Industry:

• Food and Beverages (Bakery and confectionery Products, Processed Foods, Beverages, and other food applications)
• Cosmetics
• Feed
• Industrial
• Others

The food and beverages segment is expected to hold a high share of revenue in the overall market and is anticipated to have maximum sales in the wheat starch market. The various processing industries widely use the ingredient as a thickening agent. In various applications, its capacity to inhibit dough elasticity is most generally utilized as a thickening, food additive, and active ingredient. It is used as an aid in meal binding and is utilized in the creation of gluten-free and low-calorie foods.

Global Wheat Starch Market - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

The Asia-Pacific region is expected to grow at a high rate in the wheat starch market and is expected to have a high demand owing to the largest consumption rate in the coming years. This region is home to various domestic and international businesses related to food and non-food industries. In the previous years, China has led the demand in this region and is expected to continue demand in the later years. The aim of creating novel wheat starch products by the enterprises in this country leads to a large amount of spending on research and development, and China’s well-established food and beverage sector also drives the growth of the market. The rise in the middle-class population and growth in urbanization in the countries of this region drive the market growth. The abundant availability of raw materials in the countries of this region also favors market development.

KEY MARKET PLAYERS:

Major Key players in the wheat starch market are Amilina, Cargill Incorporated, Penford Corp. industrial Starch, New Zealand starch, Manildra Group, Roquette Freres, Tate & Lyle Speciality Food Ingredients, Avebe U.A., Crespel & Dieters, AGRANA, Ingredion Food, Emsland-Starke GmbH, and ADM.

RECENT HAPPENINGS IN THE MARKET:

• In 2023, Tate and Lyle, a world leader in ingredient solutions for healthier food and beverages, recently expanded their sweetener portfolio with highly soluble stevia TASTEVA SOL. This helps the customers solve stevia solubility issues in food and beverages.
• In 2022, in Haryana, India, Cargill Inc. opened its first state-of-the-art food innovation center to meet the growing consumer demand for healthy, nutritious food solutions. This also connects Cargill’s customers in Asia-Pacific, the Middle East, and Africa to the global network of 10 other innovation centers and several food scientists worldwide.
• In 2021, Sojaprotein, a leading European provider of non-GMO soy ingredients, was acquired by Archer Daniels Midland. It represents the significant expansion of ADM’s global alternative production capabilities of plant-based food and beverages and meets the growing demand.