About Modified Wheat Starch
Modified wheat starch is defined as the carbohydrate of the wheat kernel, which is isolated as well as modified for specific uses. It is done either physically, enzymatically or chemically to expand or decrease the starch's attributes. Various features of wheat starch such as high level of purity, the distinct shape of cooked granules, compatible with wheat flour-based foods and others. Demand for modified wheat starch has increased, due to increasing demand from various region. For instance, according to Starch Europ, in 2017, Starch production in the European Union surpassed more than 9.4 million metric tonnes, which represent 1% growth compared to almost 9.3 million tonnes in 2016. Hence, the rising demand for modified wheat starch worldwide is projected to drive the global modified wheat starch market over the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 2.6% |
The global modified wheat starch market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Modified Wheat Starch market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
The cooperative Royal Avebe U.A. (Netherland), Global Bio-Chem Technology Group (Hong Kong), Penford Corp. Industrial Starch (United States), Universal Starch-Chem Allied Ltd. (India), Cargill Incorporated (United States), ADM Corn Processing (United States), Ingredion Food (United States), Emsland-Starke GmbH (Germany), Siam Modified Starch Co., Ltd. (Thailand) and Ulrick & Short (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Chemstar Products Company (United States), Tereos Syral Starch Products (France), Sudzucker Group (Germany), Roquette (France), Archer Daniels Midland Company (United States) and Grain processing Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Modified Wheat Starch market by Type (Organic Starch and General Starch), Application (Food and Beverage, Animal Feed, Pharmaceuticals and Chemicals, Textiles, Paper, Corrugated Sectors and Others) and Region.
On the basis of geography, the market of Modified Wheat Starch has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Modification Type, the sub-segment i.e. Physical Modification will boost the Modified Wheat Starch market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing R&D Activities to Develop Innovative Products
Market Growth Drivers:
Improved Consumption of Processed Food and Convenience Food, Growing Demand in a Range of Industrial Applications for Adhesives and Increasing Demand for Wheat Starch from the Personal Care as well as Hygiene Sector
Challenges:
Issue related to Approval from Various Regulatory Bodies
Restraints:
Limited Sources as well as High Cost of Natural Additives
Opportunities:
Growing Demand from Emerging Economics such as China, India, and Others
Market Leaders and their expansionary development strategies
In January 2020, AGRANA ACQUIRES US-BASED ORGANIC DISTRIBUTION COMPANY MARROQUIN ORGANIC INTERNATIONAL. This acquisition is a perfect fit in terms of implementing our specialities strategy in the starch segment. AGRANA possesses many years of experience in the production of specialty starches and is increasingly focusing on baby food and clean label starches which have not been chemically modified.
On June 2023, Loryma’s Lory Starch Saphir pure is set to stand out from other products in the category because it is not modified and does not need an E number. Additionally, E number-free preparation allows food processors to simplify end-product formulas and avoid the use of artificial ingredients.
Key Target Audience
Manufacturers of Modified Wheat Starch, Suppliers of Modified Wheat Starch, Wholesalers, Distributors and Retailers of Modified Wheat Starch, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.