GCC Wheat Starch Market

GCC Wheat Starch Market Overview:

The GCC wheat starch market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Wheat starch refers to the white powdery substance extracted by processing wheat grains of the genus Triticum. It is further processed by removing the proteins from wheat flour and looks similar to corn starch or flour. It is extensively used across the food industry as a food additive, active ingredient, and thickening agent for the preparation of numerous food items. It is usually used as an emulsifier, stabilizer, fat substitute, and a glazing or clouding agent to improve the adhesion, texture, gel formation, moisture, binding retention, and viscosity of various food products. Wheat starch is also manufactured through commercial practices such as batter, dough-washing, hydrocyclone, and dough batter. In recent years, wheat starch has gained momentum as it is widely used in various industry verticals, such as food and beverage (F&B), pharmaceutical, paper, and textile industries, across the GCC region.

One of the primary factors driving the market is the increasing utilization of native wheat starch to mimic fat for confectionary fillings, retain moisture, replace gluten in gluten-free products, and improve the stability, texture, and shelf life of various food products in the GCC countries. Additionally, the growing awareness among individuals regarding healthy eating habits and products that meet numerous dietary requirements is creating a positive market outlook. Other than this, the increasing adoption of wheat starch in bakery and confectionary products, such as fondants, gelled candies, marshmallows, and fudges is positively influencing the market growth. Besides this, wheat starch is widely utilized in the cosmetic industry to enhance the emulsion stability of cosmetics. In line with this, the augmenting demand for body cleansers and face masks to absorb oil and impurities form face, is catalyzing the market growth. Moreover, wheat is also used for the production of numerous low-calorie sweeteners, such as sorbitol. Other growth-inducing factors include changing dietary patterns of the masses, the increasing application of wheat starch in the paper and textile industry as a sizing agent and rising prevalence of lifestyle disorders.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC wheat starch market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC wheat starch market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC wheat starch market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC wheat starch market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC wheat starch market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC wheat starch market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC wheat starch market industry. Furthermore, the value chain analysis of the GCC wheat starch market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Wheat Starch Market Segment Insights:

The GCC wheat starch market has been analysed as followed:

By End-Use:

• Sweeteners
• Fuel
• Paper and Textile 
• Food and Feed Production
• Others

By Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Wheat starch Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customization:

The GCC wheat starch market report can be customized to as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.