Asia Pacific Organic Wheat Derivatives Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Starch, Gluten, Maltodextrin, and Others) and Application (Food and Beverages, Pharmaceuticals and Nutraceuticals, Animal Feed, Personal Care, and Others)
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The organic wheat derivatives market in Asia Pacific is expected to grow to US$ 198,875.36 thousand by 2028 from US$ 138,887.99 thousand in 2021. The market is estimated to grow at a CAGR of 5.3% from 2021 to 2028.
Researchers and pharmacists across the world are working to discover the potentials of organic wheat derivatives in pharmaceutical formulations, owing to the improved functionalities and applicability associated with them. The basic requirements of pharmaceutical excipients and the modification methods of derivatives such as chemical modification, biotechnological, and physical methods are being studied and evaluated. For instance, starch derived from organic wheat is colorless, odorless, and insoluble in alcohol and water. In the manufacture of pharmaceuticals, starch acts as an important excipient, which is commonly applied due to its versatility and cheap costs. The native wheat starch is being well explored as binder and disintegrant in solid dosage form. The native wheat starch is, then, modified to enhance its physicochemical properties such as texture, stability, and viscosity, as well as other desired functional properties to enhance its flowability and compressibility in pharmaceutical applications. Further, organic wheat derivatives are increasingly being used as an excipient in the making of medicinal products such as capsules and tablets Studies have revealed that organic wheat starches have found applications in the pharmaceutical industry in production of pills, as well as formation of bacteria culture medium in the fermentation phase. Further, wheat-based derivatives also find application in spirits and personal care industries. For instance, Etea S.r.l is involved in providing organic form of wheat-based products such as starches, vital wheat gluten, and alcohol, for spirits, cosmetic and pharmaceutical industries. Moreover, wheat derivatives such as maltodextrin are used in preparation of infant & adult formula. For instance, the organic wheat maltodextrin offered by Agrana under the product name Agenamalt 22.230, has its application in infant & adult formula along with other food applications. AGRANA Beteiligungs-AG offers organic maltodextrin DE 19 under its product name Agenamalt, which is effectively used in sports, health or meal replacement drinks, infant formula, and other such applications. Additionally, the use of organic wheat derivatives has also been extended to animal feed and pet food applications. Companies such as Meelunie B.V. are involved in supplying organic form of vital wheat gluten for animal feed, pet food, and aqua feed applications. Which is helping the market growth of Asia Pacific organic wheat derivatives maket.
The COVID-19 is anticipated to cause a significant economic loss in the Asia-Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The governments of various Asia-Pacific countries are taking possible steps to restrict the spread of the virus by announcing lockdown, which in turn has negatively impacted the revenue generated by the organic wheat derivatives market. The ongoing pandemic has drastically altered the status of the organic wheat derivatives industry and has negatively impacted the growth of the market. The COVID-19 outbreak has distorted operational efficiency and disrupted the value chains due to the sudden closure of national and international boundaries, creating revenue loss and damage. The disruptive value chain has had a negative impact on raw material supply, which, in turn, is impacting the growth of the organic wheat derivatives market. However, as the economies are planning to revive their operations, the demand for organic wheat derivatives is expected to rise worldwide.
With the new features and technologies, companies can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the organic wheat derivatives market. The Asia Pacific organic wheat derivatives market is expected to grow at a good CAGR during the forecast period.
Asia Pacific Organic Wheat Derivatives Market Segmentation
Asia Pacific Organic Wheat Derivatives Market – By Type
- Starch
- Gluten
- Maltodextrin
- Others
Asia Pacific Organic Wheat Derivatives Market – By Application
- Food and Beverages
- Pharmaceuticals and Nutraceuticals
- Animal Feed
- Personal Care
- Others
Asia Pacific Organic Wheat Derivatives Market – By Country
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
Asia Pacific Organic Wheat Derivatives Market – Companies Mentioned
- Cargill, Incorporated
- ETEA S.R.L.
- The Archer Daniels Midland Company
- AGRANA Beteiligungs-AG
- Manildra Group
- Ulrick & Short Limited
- Tate & Lyle PLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific organic wheat derivatives market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific organic wheat derivatives market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the organic wheat derivatives market as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution