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Global Organic Wheat Derivatives Market is expected to reach USD1,065.07 MN By Forecast year 2028

Global Organic Wheat Derivatives Market is expected to reach USD1,065.07 MN By Forecast year 2028
Organic Wheat Derivatives Market Data And Industry Growth Analysis | Stratistics Market Research Consulting
Organic Wheat Derivatives Market Forecasts to 2028 – Global Analysis By Type (Gluten, Starch, Maltodextrin), Application (Food & Beverages, Pharmaceutical & Nutraceuticals, Personal Care, Animal Feed) and By Geography

The Global Organic Wheat Derivatives Market is accounted for $629.23 million in 2020 and is expected to reach $1,065.07 million by 2028 growing at a CAGR of 6.8% during the forecast period. Factors such as increasing health awareness, growing food & beverages industry, and rising disposable income of people are driving the growth of the market. However, less availability of raw materials due to Covid-19 pandemic is hampering the growth of the market. 

Some of the key players profiled in the Organic Wheat Derivatives Market include Archer Daniels Midland Company, Cargill Incorporated, Tate & Lyle PLC, Kroner-Starke Bio, AGRANA Beteiligungs-AG, Manildra Group, SACCHETTO SPA, ETEA S.R.L., Amylon, and Ulrick & Short Limited.

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The Global Organic Wheat Derivatives Market is majorly driven by the increasing health awareness, growing food & beverages industry, and rising disposable income of people. The food & beverages segment is growing at a highest CAGR owing to the application of wheat derivatives as thickening agents in infant formula as well as other processed foods. North America dominated with a significant market share due to the factors such as the increasing demand for fast foods and busy lifestyle of people in the region. Asia Pacific market is growing at a highest CAGR owing to the rising adoption of veganism and the change in consumers’ food choices.

Types Covered:• Gluten• Starch• MaltodextrinApplications Covered:• Food & Beverages• Pharmaceutical & Nutraceuticals• Personal Care• Animal Feed   

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