Global Wheat Protein Market

Wheat Protein Market Size, Share, Growth Analysis, By Product Type(Wheat gluten, wheat protein isolates, textured wheat proteins, and wheat protein hydrolysates), By Application(Bakery & confectionery, animal feed, dairy, personal care), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30I2322 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 66 | Figures: 75

Wheat Protein Market Dynamics

Global Wheat Protein Market Drivers

Growing demand for plant-based protein

  • The increasing demand for plant-based protein is a significant driver of the global wheat protein market. Wheat protein is an excellent source of plant-based protein, which is becoming increasingly popular among consumers who are looking for healthier and more sustainable food options. Furthermore, wheat protein has a wide range of applications, from bakery products to nutritional supplements, which makes it an attractive ingredient for food manufacturers.

Rising consumer awareness of health and wellness

  • Another significant driver of the global wheat protein market is the growing consumer awareness of health and wellness. Consumers are becoming more health-conscious, and they are seeking out products that are high in protein and other nutrients. Wheat protein is a healthy and nutritious ingredient that can help meet this demand. Moreover, it is low in calories and has several health benefits, such as aiding in cholesterol management and improving cardiovascular health.

Global Wheat Protein Market Restraints

Gluten intolerance

  • One of the significant restraints of the global wheat protein market is the rising prevalence of gluten intolerance. Celiac disease, a severe form of gluten intolerance, affects a significant portion of the population. This has led to a decline in demand for wheat gluten, which is a widely used ingredient in the food industry. As a result, food manufacturers are increasingly turning to gluten-free alternatives, which could limit the growth of the wheat protein market.

Limited consumer awareness in certain regions

  • Another restraint of the global wheat protein market is the limited consumer awareness in certain regions. In some parts of the world, consumers are less aware of the health benefits of wheat protein and its various applications in the food industry. This lack of awareness could limit the market's growth potential in these regions, as food manufacturers may be less inclined to incorporate wheat protein into their products if there is limited consumer demand.
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FAQs

Global Wheat Protein Market size was valued at USD 9.53 billion in 2022 and is poised to grow from USD 9.99 billion in 2023 to USD 14.53 billion by 2031, at a CAGR of 4.8% during the forecast period (2024-2031).

Global Wheat Protein Market is highly competitive, with a large number of players operating at the regional and global levels. The market is dominated by some of the major players. These companies are focusing on strategies like mergers and acquisitions, partnerships, collaborations, and new product launches to expand their market share and strengthen their position in the market. Additionally, increasing research and development activities aimed at developing innovative and improved wheat protein products are also contributing to the intense competition in the market. The competition is expected to remain high in the coming years as more players enter the market and existing players continue to adopt various strategies to maintain their market position. 'Archer Daniels Midland Company (US)', 'Cargill, Incorporated (US)', 'Roquette Frères (France)', 'MGP Ingredients, Inc. (US)', 'Tereos S.A. (France)', 'Glico Nutrition Co., Ltd. (Japan)', 'The Scoular Company (US)', 'Manildra Group (Australia)', 'Kröner-Stärke GmbH (Germany)', 'Gluten Y Almidones Industriales S.A. (Spain)', 'CropEnergies AG (Germany)', 'Axiom Foods, Inc. (US)', 'Crespel & Deiters GmbH & Co. KG (Germany)', 'Agridient B.V. (Netherlands)', 'AIT Ingredients (France)', 'Kroner-Starke GmbH (Germany)', 'Tereos Syral (France)', 'Chamtor (France)', 'Limagrain Ingredients (France)', 'Kewpie Corporation (Japan)'

The increasing demand for plant-based protein is a significant driver of the global wheat protein market. Wheat protein is an excellent source of plant-based protein, which is becoming increasingly popular among consumers who are looking for healthier and more sustainable food options. Furthermore, wheat protein has a wide range of applications, from bakery products to nutritional supplements, which makes it an attractive ingredient for food manufacturers.

Increasing demand for plant-based proteins: The global shift towards plant-based diets is driving the demand for wheat protein as a substitute for animal-based proteins. This trend is expected to continue in the coming years, fueled by concerns over sustainability, health, and animal welfare.

North America had the largest share of the wheat protein market in terms of revenue, accounting for 34.22% in 2021. This can be attributed to factors such as increased awareness among consumers about the health benefits of wheat protein, a well-established food processing industry, and a growing vegetarian population. In addition, the rising demand for bakery products and meat substitutes has contributed to the growth of the market in this region. Furthermore, the region's significant wheat production and increasing demand for healthy and nutritious products are also driving market growth.

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Global Wheat Protein Market

Report ID: SQMIG30I2322

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