As per Reports and Data's current analysis, the worldwide Wheat Protein market was valued at USD 2.27 billion in 2019 and is predicted to achieve USD 3.25 billion by 2027, exhibiting a CAGR of 4.5%. Wheat protein has become an essential food component due to its nutritional value, as consumers increasingly seek out cleaner product labels, nutritionally enriched diets, and meat alternatives. As the global food trade expands and becomes more globalized, this ingredient is receiving a boost and is being utilized more extensively in a variety of foods, including bakery and snack products, animal and pet feeds, and dietary supplements. The global wheat protein market is growing at a steady pace, with the Asia Pacific region projected to experience the quickest expansion during the forecast period.
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Top Companies Operating in the Global Wheat Protein Market Report:
Manildra Group, Cargill Incorporated, Archer Daniels Midlands Company, MGP Ingredients Inc., Crespel & Deiters, ADM, Agrana, Tereos Syral, Glico Nutrition, Gluten and Almidones Industry.
Further key findings from the report suggest-
· By application, the bakery & snacks segment is the most prominent segment of the wheat protein market. Baked goods & snacks often make use of wheat ingredients containing a high protein component in order to make the products healthy.
· Animal feed requires protein-rich components to make a healthy diet for both farm animals and pets. Protein derived from wheat is the best choice due to its nutritional characteristics. This application segment is expected to register the fastest rate of growth at 5.3% in the wheat protein market.
· By product type, wheat gluten had the largest share of 38.7% in the wheat protein market in 2018. This protein acts for nutritional purposes and also helps as a binding agent. It helps to give an appropriate texture to dough.
· Protein isolates derived from wheat is expected to register the highest CAGR of 5.2% under the product category during the forecast period. It has a high protein content and is useful for muscle growth.
· Growing prominence of gluten-free foods and an increasing number of cases of gluten intolerance are a threat to this market. It also faces tough competition till data from animal-based protein sources.
· By region, the North American wheat protein market was the largest, acquiring a market share of 41.2% in 2018. Globalization of food trade, increasing demand for wheat-based proteins from developing nations and rising obesity cases in the region are shaping the growth of this market.
· The North American wheat protein market is projected to cross USD 1.5 billion mark by 2026.
· Asia Pacific is expected to register the highest CAGR of 6% in the global wheat protein market. India and China will register the fastest growth within this region. Large scale wheat production, government support and cheap labor costs are the major factors driving market growth.
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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.
This report analyzes the Wheat Protein market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Wheat Protein market is provided to gain a deeper understanding of its growth and progress.
The global Wheat Protein market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Product Type (Revenue, USD Million; 2019–2027)
- Gluten
- Protein Isolate
- Textured Protein
- Hydrolyzed Protein
Form (Revenue, USD Million; 2019–2027)
- Dry
- Liquid
Concentration (Revenue, USD Million; 2019–2027)
- 75%
- 85%
- 95%
Function (Revenue, USD Million; 2019–2027)
- Emulsification
- Binding
- Foaming
- Texturing
- Viscoelasticity
- Adhesion & Extensibility
Application (Revenue, USD Million; 2019–2027)
- Animal and Pet Feed
- Bakery and Snacks
- Nutritional Supplements
- Dairy Products
- Cosmetics and Personal Care
- Processed Meat
- Others
Key Questions Addressed in the Report:
· What are the dominating factors that are influencing the growth of the industry?
· In the forecast period, which market segment is expected to rise the most?
· What are the risks and challenges that the industry is facing?
· In the coming years, which area is projected to dominate the market?
· Who are the major players in the market? What kind of strategic business plans have they made?
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