South America organic wheat derivatives Market
The market in the SAM region consists of several developed and developing economies, such as Brazil, Argentina, and the rest of South America. The region is contributing to the growth of the organic wheat derivatives market in relation to the diversification of the consumer base due to the surging demand for convenience food. The rise in the expenditures on the convenience food products as well as the increase in the disposable income is some of the key factors driving the organic wheat derivatives market in South America. The demand for bakery products such as breads, biscuits made from organic wheat derivatives in South America is driven by the nutritional profile, convenience & accessibility associated with them. An increase in urbanization and working population in South America is responsible for propelling the demand for convenient and on the go, foods using organic wheat derivatives, which leads to the growth of the organic wheat derivatives market in South America. Growing industrialization in the food production business and changing food habits of consumers that creates demand for food with specific flavor & texture increases the sale of organic wheat derivatives in South America.
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.
Strategic insights for the South 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$ 32,683.40 thousand |
| Market Size by 2028 | US$ 46,160.98 thousand |
| Global CAGR (2021 - 2028) | 5.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South 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 South America is expected to grow 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. The shift in consumers lifestyle and dietary patterns have surged the demand for healthy food products such as organic wheat derivatives. With growing emphasis on health, along with increasing focus on consumption of natural food ingredients, the demand for organic wheat derivatives has gone up steadily. Organic form of wheat derivatives is perceived to be a nutritious alternative and support several application bases owing to its properties. Organic form of wheat starch is derived from the processed endosperm of wheat grown organically. It is obtained by removing the protein from wheat flour. Wheat starch has gained importance in the food & beverages industry. It is treated as an essential ingredient, which is used in the preparation of various food products, due to its superior gelling, stabilizing, and thickening properties. When used in food, wheat starch assists with texture, viscosity, gel formulation, binding, and moisture retention. It is mainly employed as a thickening agent in the food industry. Wheat starch thickens the food through retrogradation and gelatinization.
Similarly, organic form of vital wheat gluten is known for its visco-elasticity and binding capabilities. It also provides better water absorption and enhanced resistance in food items such as puff and frozen pastries, along with cohesion for meat preparations. The organic wheat-based maltodextrin helps to enhance body and mouthfeel and promotes minimal osmolality and restricted release of energy. It is also known for viscosity and stabilizing properties. It also helps improve texture and enhance film forming abilities. All these properties make it ideal to be used in sports, health or meal replacement drinks, and infant formula, along with preparation of hard candies and other such products. Likewise, organic wheat glucose syrup helps minimize sweetness, offers better elasticity, provides texture and tenderness, promotes solid formulation, and helps reduce syneresis. Therefore, it is used in various application bases. It is quite evident that the organic wheat derivatives such as organic wheat starch, organic wheat gluten, organic maltodextrin, and organic glucose and maltose syrup portray several multifunctional properties, which makes them ideal for food and several other application bases.
South America organic wheat derivatives market is segmented based on type and application. The South 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 South 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 South America organic wheat derivatives Market is valued at US$ 32,683.40 thousand in 2021, it is projected to reach US$ 46,160.98 thousand by 2028.
As per our report South America organic wheat derivatives Market, the market size is valued at US$ 32,683.40 thousand in 2021, projecting it to reach US$ 46,160.98 thousand by 2028. This translates to a CAGR of approximately 5.1% during the forecast period.
The South 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 South America organic wheat derivatives Market report:
The South 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 South America organic wheat derivatives Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America organic wheat derivatives Market value chain can benefit from the information contained in a comprehensive market report.
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