North America organic wheat derivatives Market
The US, Canada, and Mexico are the key contributors to the North America organic wheat derivatives market. The well-established food sector in North American countries provides a wide consumer base for organic wheat derivatives manufacturers operating in the region. Growing demand for organic wheat derivatives for the preparation of several bakery and fast-food products is providing a growth opportunity for the organic wheat derivatives producers. The demand for organic wheat derivatives in North America has surged owing to the increasing consumption of convenience food such as bakery products, snacks, noodles, and pasta due to a busy lifestyle and hectic work schedule of the consumers. High disposable income, urbanization, and changing lifestyles of the consumers further boost the demand for convenience food, which further propels the demand for organic wheat derivatives. The increasing rate of the working-class population propels the demand for ready to eat food products. This further contributes to the growing demand for organic wheat derivatives. Wheat contains a protein called gluten, which triggers a harmful immune response in predisposed individuals. People suffering from a gluten allergy or gluten intolerance avoid products containing gluten. Therefore, this factor may sometimes hamper the market growth for organic wheat derivatives in this region. As the consumers are shifting towards healthy food products the demand for organic wheat derivatives have increased considerably. Organic wheat gluten is a suitable replacement in meat-based dishes. The organic wheat gluten can be used to make seitan which according to its look and texture is very close to meat and is staple in every vegetarian as well as vegan kitchen. The feed safety has become a matter of concern for the government in North America, as the consumers are becoming more and more aware about the extrinsic attributes of the meat that they consume.
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.
Strategic insights for the North America organic wheat derivatives provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 249,301.32 thousand |
| Market Size by 2028 | US$ 335,351.30 thousand |
| Global CAGR (2021 - 2028) | 4.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America organic wheat derivatives refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The organic wheat derivatives market in North America is expected to grow 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. 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 flow-ability 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.
North America organic wheat derivatives market is segmented based on type and application. The North America organic wheat derivatives market based on type is segmented into starch, gluten, maltodextrin, and others. Starch segment accounted for the highest share in the market in 2020 and maltodextrin is expected to be fastest growing during forecast period. Based on application, is segmented into food and beverages, pharmaceuticals and nutraceuticals, animal feed, personal care, and others. The food and beverages segment accounted for the highest share in 2020 and animal feed is expected to be the fastest growing during forecast period.
A few major primary and secondary sources referred to for preparing this report on organic wheat derivatives market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Cargill, Incorporated; ETEA S.R.L.; The Archer Daniels Midland Company; AGRANA Beteiligungs-AG; Manildra Group; Ulrick & Short Limited; Tate & Lyle PLC among others.
The North America organic wheat derivatives Market is valued at US$ 249,301.32 thousand in 2021, it is projected to reach US$ 335,351.30 thousand by 2028.
As per our report North America organic wheat derivatives Market, the market size is valued at US$ 249,301.32 thousand in 2021, projecting it to reach US$ 335,351.30 thousand by 2028. This translates to a CAGR of approximately 4.3% during the forecast period.
The North America organic wheat derivatives Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America organic wheat derivatives Market report:
The North America organic wheat derivatives Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America organic wheat derivatives Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America organic wheat derivatives Market value chain can benefit from the information contained in a comprehensive market report.
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