South 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)
Request Now
The organic wheat derivatives market in South America is expected to grow to US$ 46,160.98 thousand by 2028 from US$ 32,683.40 thousand in 2021. The market is estimated to grow at a CAGR of 5.1% from 2021 to 2028.
A significant transformation has been witnessed with change in consumer perception and rise in health concerns worldwide. Growing awareness about the side-effects associated with animal-based food products and rising adoption of veganism are two important factors escalating the demand for plant-based products among consumers. This has positively impacted the demand for organic wheat derivatives in developed and developing economies. Nowadays, manufacturers are focusing on prevailing market trends and end use requirements to offer products as per their demands. As the consumers have directed their focus toward plant-based products, the demand for organic wheat derivatives is expected to rise and provide strong growth opportunities to manufacturers operating in the same line of business. This includes organic wheat derivatives in the form of organic wheat starch, organic wheat gluten, organic wheat bran, and maltodextrin, among others, which are extensively in demand across the world. Hence, several companies have come up with organic wheat derivatives, which could be effectively used in diverse application bases. For instance, Cargill Incorporated is involved in producing and offering organic vital wheat gluten under its brand, GluVital. To gain competitive edge and establish strong position in the market, manufacturers of organic wheat derivatives are adopting various strategies such as product development, expansion, and innovation to compete in the market and fulfill the demand of consumers. Hence, the increase in demand for plant-based products, along with new product developments, is strongly complementing the growth of organic wheat derivatives market.
Brazil has the highest number of COVID-19 cases, followed by Argentina, Peru, Ecuador, and Chile among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the U.S, which are important trade partners. Containment measures in several countries of South America have reduced economic activity in the food and beverages sector for at least the next quarter, with a rebound once the epidemic is contained. 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 South America organic wheat derivatives market is expected to grow at a good CAGR during the forecast period.
South America Organic Wheat Derivatives Market Segmentation
South America Organic Wheat Derivatives Market – By Type
- Starch
- Gluten
- Maltodextrin
- Others
South America Organic Wheat Derivatives Market – By Application
- Food and Beverages
- Pharmaceuticals and Nutraceuticals
- Animal Feed
- Personal Care
- Others
South America Organic Wheat Derivatives Market – By Country
- Brazil
- Argentina
- Rest of South and Central America
South 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
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South America 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 South America 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 South America 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