Global Organic Wheat Derivatives Market is expected to reach USD1,065.07 MN By Forecast year 2028

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Global Organic Wheat Derivatives Market is expected to reach USD1,065.07 MN By Forecast year 2028

November 04
00:08 2021
Global Organic Wheat Derivatives Market is expected to reach USD1,065.07 MN By Forecast year 2028
Organic Wheat Derivatives Market Data And Industry Growth Analysis | Stratistics Market Research Consulting
Organic Wheat Derivatives Market Forecasts to 2028 – Global Analysis By Type (Gluten, Starch, Maltodextrin), Application (Food & Beverages, Pharmaceutical & Nutraceuticals, Personal Care, Animal Feed) and By Geography

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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