From Grain to Gain: Global Wheat Starch Market Poised for USD 19.6 Billion by 2030
The global wheat starch market is valued at USD 15.3 billion in 2023 and is expected to reach USD 19.6 billion by 2030, showcasing a Compound Annual Growth Rate (CAGR) of 3.1%. This market is experiencing substantial growth due to its increasing utilization across a wide range of food products, coupled with its cost-effectiveness and enhanced functionalities compared to native starch. The demand for modified starch is particularly high, driven by the rising preference for packaged and convenient foods among consumers. The food and beverage industry is witnessing a broader adoption of modified starches, thanks to ongoing innovations and pioneering experiments.
Derived from wheat flour through a process that separates proteins, wheat starch market resembles corn starch or flour in its refined state. It holds a significant position in the food industry, serving as a vital ingredient for thickening, as a food additive, and an active component in various products. Additionally, wheat starch finds applications in industries such as textiles and paper manufacturing. Apart from its role as a thickener, wheat starch functions as an emulsifier, stabilizer, and glazing agent, contributing to the creation of gels, adhesion, sealing, and moisture retention in products.
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