Europe Organic Wheat Derivatives Market

Market Introduction

The European continent comprises several developed and developing economies such as Germany, France, Italy, UK, and Russia, among others. Transforming lifestyle trends concerning the food & beverage and consumer goods industry has had a noteworthy influence on the organic wheat derivatives market in Europe. The popularity of organic wheat derivatives has increased within the region, particularly in Germany, France, and the UK. This is due to the benefits associated with this ingredient and their high level of nutrients activity. Despite modern cooking devices, there is a rise in the number of depending on ready-to-cook (RTC) and ready-to-eat (RTE) food as it is less time-consuming. The dual-income consumers mainly prefer these types of products owing to the lack of time available for cooking at their disposal. People living mostly in a city or working throughout the day have shown appreciation for RTC & RTE food products, as they are easy and quick to consume. More and more consumers in the EU are consuming products which are made up of natural substances and processes.

In Europe, currently the France and Russia are the hardest-hit countries by the coronavirus pandemic. It is estimated to suffer an economic hit due to a lack of revenue from various industries, as the country recorded the highest number of coronavirus cases followed by the UK, Italy, Germany and Spain. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe. 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.

Market Overview and Dynamics

The organic wheat derivatives market in Europe is expected to grow US$ 317,388.66 thousand by 2028 from US$ 226,219.08 thousand in 2021. The market is estimated to grow at a CAGR of 5.0% from 2021 to 2028.  A significant transformation has been witnessed with change in consumer perception and rise in health concerns globally. 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 globe. Hence, several companies have come up with organic wheat derivatives, which could be effectively used in diverse application bases. For instance, KRÖNER-STÄRKE has become one of the leading European producer of organic wheat starch. Also, 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.

Key Market Segments

Europe organic wheat derivatives market is segmented based on type and application. The Europe 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.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on organic wheat derivatives market  in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Sacchetto Spa, Cargill, Incorporated, ETEA S.R.L., Archer Daniels Midland Company, AGRANA Beteiligungs-AG, Kröner-Starke Bio, Amylon, Manildra Group, Ulrick & Short Limited, and Tate & Lyle PLC among others.

Reasons to buy report

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe  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 Europe  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 Europe 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  

 Europe Organic Wheat Derivatives Market Segmentation

Europe Organic Wheat Derivatives Market – By Deployment

• Starch
• Gluten
• Maltodextrin
• Others

Europe Organic Wheat Derivatives Market – By Application

• Food and Beverages
• Pharmaceuticals and Nutraceuticals
• Animal Feed
• Personal Care
• Others

Europe Organic Wheat Derivatives Market – By Country

• Germany
• France
• UK
• Italy
• Russia
• Rest of Europe

Europe Organic Wheat Derivatives Market Company Profiles

• SACCHETTO SPA                                                   
• Cargill, Incorporated                                            
• ETEA S.R.L.                                                             
• THE ARCHER DANIELS MIDLAND COMPANY   
• AGRANA Beteiligungs-AG                                   
• Kroner-Starke Bio                                                 
• Amylon                                                                  
• Manildra Group                                                    
• Ulrick & Short Limited                                         
• Tate & Lyle PLC                                                    

Europe Organic Wheat Derivatives Market Strategic Insights

Europe Organic Wheat Derivatives Market Segmentation Analysis

Europe Organic Wheat Derivatives Market Report Highlights

Europe Organic Wheat Derivatives Report Scope

Europe Organic Wheat Derivatives Market Country and Regional Insights