The Global Organic Wheat Derivatives Market is accounted for $629.23 million in 2020 and is expected to reach $1,065.07 million by 2028 growing at a CAGR of 6.8% during the forecast period. Factors such as increasing health awareness, growing food & beverages industry, and rising disposable income of people are driving the growth of the market. However, less availability of raw materials due to Covid-19 pandemic is hampering the growth of the market.
Some of the key players profiled in the Organic Wheat Derivatives Market include Archer Daniels Midland Company, Cargill Incorporated, Tate & Lyle PLC, Kroner-Starke Bio, AGRANA Beteiligungs-AG, Manildra Group, SACCHETTO SPA, ETEA S.R.L., Amylon, and Ulrick & Short Limited.
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The Global Organic Wheat Derivatives Market is majorly driven by the increasing health awareness, growing food & beverages industry, and rising disposable income of people. The food & beverages segment is growing at a highest CAGR owing to the application of wheat derivatives as thickening agents in infant formula as well as other processed foods. North America dominated with a significant market share due to the factors such as the increasing demand for fast foods and busy lifestyle of people in the region. Asia Pacific market is growing at a highest CAGR owing to the rising adoption of veganism and the change in consumers’ food choices.
Types Covered:• Gluten• Starch• MaltodextrinApplications Covered:• Food & Beverages• Pharmaceutical & Nutraceuticals• Personal Care• Animal Feed
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