North America 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 North America is expected to grow to US$ 335,351.30 thousand by 2028 from US$ 249,301.32 thousand in 2021. The market is estimated to grow at a CAGR of 4.3% from 2021 to 2028.
The US, Canada and Mexico Russia are the major counties in considered in North America. The importance of organic food items has been understood in the wake of alarming health issues, coupled with rising consciousness about organic certifications and growing preference for high quality food items. Nowadays, consumers are looking for natural, clean, and simple ingredients with proper labels, which could effectively convey their contents, quality, and intent of the product use. Currently, the consumers are quite concerned about using conventional food products due to their contribution to increasing incidence of health issues. This has encouraged the manufacturers to develop products based on consumer’s expectations. Further, as per an estimate, almost 45% of families in the US are largely dependent upon organic and natural food products. Manufacturers of wheat derivatives are also focusing on developing and marketing organic wheat derivatives owing to the market’s demand. For instance, the consumption of organic wheat derivatives such as wheat-based starch and wheat-based gluten, has been extensively rising in diverse application bases such as food & beverages, pharmaceutical and nutraceutical, animal and aqua feed, and infant formula. Accordingly, premier players operating in the market, such as Manildra Group, have been involved in manufacturing and supply of certified organic vital wheat gluten, suitable for offering strength and structure in several bakery items, along with acting as binding agent to provide texture in vegan and vegetarian products. Moreover, AGRANA Beteiligungs-AG provides organic native wheat starch, organic maltodextrin, organic glucose syrup, organic high maltose syrup, and organic wheat gluten for various purposes such as preparation of bakery and confectionery items, meat and seafood application bases, sports drinks, and infant formula.
The US has the highest number of confirmed cases of coronavirus, as, compared to Canada and Mexico. This is negatively impacting the food and beverages industry in the region as the COVID-19 pandemic negatively affects the supply and distribution chain. 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 North America organic wheat derivatives market is expected to grow at a good CAGR during the forecast period.
North America Organic Wheat Derivatives Market Segmentation
North America Organic Wheat Derivatives Market – By Type
- Starch
- Gluten
- Maltodextrin
- Others
North America Organic Wheat Derivatives Market – By Application
- Food and Beverages
- Pharmaceuticals and Nutraceuticals
- Animal Feed
- Personal Care
- Others
North America Organic Wheat Derivatives Market – By Country
- US
- Canada
- Mexico
North America 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
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