Wheat Protein Market Report, Future Trends With Research, Share, Analysis, Growth, Forecast 2028

 

Wheat Protein Market Forecast:

Wheat Protein Market 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 hydrolyzed wheat protein, 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 estimated to be valued at USD 2.4 billion in 2021 and is projected to reach USD 3.1 billion by 2026, recording a CAGR of 5.0%.

Competitive Landscape:

Several market players in the global Wheat Protein Market can impact the demography sizably by implementing innovative strategies. These companies are Roquette Freres S.A. (France), Cargill Inc. (U.S.), Manildra Group (Australia), Hermann Kroener GmbH (Germany), Archer-Daniels-Midland Company (U.S.), Tereos SA (France), MGP Ingredients, Inc. (U.S.), Crespel & Deiters GmbH & Co. KG (Germany), Permolex International, L.P. (Canada), and Chamtor SA (France)

Regional Analysis:

MRFR’s report on the Wheat Protein Market Analysis digs deep into the market to have a closer look at the growth pockets. The report includes namely, North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

High integration level of the wheat protein in the food & beverage sector took North America to the top. The region is benefiting mostly from investments made in the research & development sector. Presence of influential companies and their active participation in the regional market are also providing the market with ample prospect. Leveraging these factors, the regional market can register substantial growth rate during the forecast period. Manufacturers are also developing products with wheat protein fortification which can provide the market with strong traction.

The APAC market, by growth rate, can emerge as the fastest during the forecast period. India and China are major contributors that could change the market scenario in the coming years by implementing innovation on a regular-basis. Other economically prospering countries are integrating wheat protein in their regular diet which could increase the scope for market proliferation. Latin America’s growth would mostly depend on the contribution of Brazil and Mexico. 

Segmental Analysis:

MRFR’s extensive report on the global Wheat Protein Market Analysis segmented it by type, form, and application. The segmentation is an effort to get a good grasp over the market.

Based on the type, the global Wheat Protein Market  can be segmented into textured wheat protein, wheat gluten, wheat protein isolate, and others. The wheat gluten segment is in charge of the market owing to its high protein content and diversity in application.

Based on the form, the Wheat Protein Market  comprises dry and liquid. The dry form segment is helming the market as it is more stable and displays a better shelf-life.

Based on the application, the Wheat Protein Market consists snacks, processed meat, pet food, nutritional bars & drinks, bakery & confectionery, and others. The bakery & confectionary segment is the flagbearer of the global market. However, the pet food segment has the potential to achieve substantial growth during the forecast period.

Wheat Protein Market Access Report Full Report Below Click links @: https://www.marketresearchfuture.com/reports/wheat-protein-market-5444

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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