Growth opportunities in the Wheat Protein Market look promising over the next six years. This is mainly due to the increasing popularity of plant-based foods, growing awareness towards high-protein food and the rising occurrence of obesity.
Wheat Protein Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Some of the major drivers responsible for the growth of the global wheat protein market are the augmenting prominence of plant-based food products and the surging demand for bakery items. Also, the increasing inclination towards veganism promotes market growth as it is considered as a substitute for non-animal protein owing to the nutritional benefits for lactose-intolerant consumers. The individual with lactose intolerance can consume and digest whey protein without any severe impact. The functions of this protein, such as whipping, adhesion, structure improvement, film formation, foaming, and tenderizing, further strengthen the wheat protein market size. Moreover, the growing incidences of obesity have further stimulated the market demand as they have fewer calories, thus supporting weight loss. Furthermore, the protein is consumed mainly by sportsmen and bodybuilders to improve their strength and build muscles. The widespread coronavirus pandemic has persuaded people to choose healthy and protein-rich food products, thereby accelerating market growth. However, the limited supply of wheat available for the extraction of protein may restrict the wheat protein market share.
Application Segment Drivers.
Based on the application, pet food is projected to expand at a higher CAGR during the forecast period. This is primarily attributed to the increasing spending on pet food products accompanied by pet humanization in Indian and the U.S. The remarkable switch in the consumer preference towards meat consumption further adds to the market growth.
Regional Drivers
Based on the regional coverage, Asia-Pacific is predicted to lead the market over the forecast period. This is because of the rising consciousness towards healthy food products along with the enhancing lifestyle of the consumers. Moreover, the escalating demand for wheat-based protein, mainly in China, India, and Indonesia, contributes to market growth. Additionally, the soaring geriatric population and the altering climate condition coupled with the growing skin-related problems has led to the increased implementation of hydrolyzed wheat protein in cosmetic products.
Wheat Protein Market’s leading Manufacturers:
- CropEnergies
- Crespel & Deiters Group
- Roquette Frères
- MGP
- Cargill, Incorporated
- Tereos Syrol
- GLICO NUTRITION CO., LTD. Al.
- Manilda Group
- Agrana
- ADM
Wheat Protein Market Segmentation:
Segmentation by Application
- Bakery & Snacks
- Pet Food
- Nutritional Bar & Drinks
- Processed Meat
- Meat Analog
- Others
Segmentation by Form
- Dry
- Liquid
Segmentation by Product
- Wheat Gluten
- Wheat Protein Isolate
- Textured Wheat Protein
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company’s large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird’s eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
