Market Research Future published a half cooked research report on the global wheat protein market, which is estimated to grow at a CAGR of 6.2% during the forecast period, Report.
Market Overview:
The global wheat protein market is growing due to increased demand for vegan food products. From last few years companies are promoting the nutritional profiles of various wheat protein products along with their health benefits on social media and health magazines which has enhanced the knowledge and awareness about functional properties of wheat protein. Moreover, the high nutritive value of wheat protein is propelling the market demand among the health conscious population.
Market Forecast:
Wheat protein is more cost effective than the animal protein which is gaining traction among the consumers globally. North America and Europe are the major consumers of wheat protein followed by the Asia Pacific region. Additionally, increase in the demand for overall health and wellness products with protein-rich foods and beverages is driving higher demand for wheat protein. Furthermore, shifting consumer preference towards vegan food ingredients, advancement in processing methods & technologies, and high opportunities in developing countries is positively supporting the growth of the global wheat protein market.
However, wheat protein have been facing challenges due to the high availability of economical alternatives such as animal and dairy protein ingredients. The market players are responding to these new opportunities by expanding their service offerings/product lines, which has boosted the share of wheat protein in the global market. The global wheat protein market is expected to grow at a CAGR of 4.9% during the forecast period, 2021-2027.
Downstream analysis
The global wheat protein market is segmented into type, form, and application.
On the basis of the type, it is segmented into wheat gluten, wheat protein isolate, textured wheat protein, and others. Among all the types, the wheat gluten segment is dominating the market.
On the basis of the form, the wheat protein market is segmented into dry and liquid. The dry form segment is dominating the market owing to better stability and high shelf-life.
On the basis of the application, the wheat protein market is segmented into bakery and confectionery, snacks, nutritional bars & drinks, processed meat, pet food, and others. The bakery and confectionary segment is dominating the market.
Competitive analysis
The major players in the wheat protein market
- Cargill Inc. (U.S.)
- Roquette Freres S.A. (France)
- Archer-Daniels-Midland Company (U.S.)
- Manildra Group (Australia)
- MGP Ingredients, Inc. (U.S.)
- Tereos SA (France)
- Permolex International, L.P. (Canada)
- Crespel & Deiters GmbH & Co. KG (Germany)
- Hermann Kroener GmbH (Germany)
- Chamtor SA (France)
Regional Analysis
The global wheat protein market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The North American region is dominating the wheat protein market followed by Europe owing to increasing demand for high protein food and beverage products. Canada is projected to be the major market in terms of product innovation related to wheat protein.
Furthermore, Asia Pacific region is projected to grow the fastest among all the regions over the forecast period. India and China are among the largest consumer of wheat protein in the world, this supports the growth of wheat protein market in the region.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Companies Covered | 15 |
Pages | 110 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.