Study papers on Wheat Protein market and regional forecast. Wheat Protein market players are ADM (US), Cargill (US), MGP Ingredients (US), Manildra Group (Australia), Agrana (Austria), Roquette (France), Tereos Syral (Germany), Crop Energies (Germany), Crespel & Deiters (Germany), Kröner-Stärke (Germany), Glico Nutrition (Japan), and Gluten y Almidones Industriales (Mexico).
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Wheat protein market is projected to grow at a CAGR of 4.8% from 2017, to reach USD 2.58 billion by 2022. The demand for wheat protein is projected to be on the rise, owing to factors such as the growing bakery industry, increasing consumer preference for meat analogs, nutritional benefits for lactose intolerant and health- & fitness-conscious consumers, and increasing applications of wheat protein in varied end-user industries such as pet food and cosmetics.
However, increasing discussion on gluten intolerance and gluten-free diets may hamper the growth of the wheat protein market during the forecast period. The increased consumption of plant-based protein due to diseases such as diabetes and obesity is also expected to drive the wheat protein market growth.
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Thus, manufacturers are developing a number of plant-based protein sources such as wheat protein, which help substitute animal products in an efficient manner; this is expected to further propel the market for wheat protein during the forecast period.
- Wheat protein producers, suppliers, distributors, importers, and exporters
- Food & beverage manufacturers, manufacturers of animal feed products, food ingredient manufacturers, and researcher organizations
- Related government authorities, commercial research & development (R&D) institutions, and other regulatory bodies
- Trade associations and industry bodies such as International Wheat Gluten Association (IWGA), and Food and Agriculture Organization (FAO)
Europe is projected to dominate the wheat protein market, in terms of value and volume, through 2022. This region comprises economies such as Germany, France, Belgium, and the UK, which occupy a significant share of the global wheat protein market.
Factors such as the increasing demand for processed food & bakery products and the presence of key wheat protein companies, coupled with mature meat processing market are the main factors contributing to the growth of the European wheat protein market. France is projected to be the fastest-growing market in this region due to the growing demand for high-valued French bakery products.
Developments and innovations in bakery products, preference of low-cost protein sources as a suitable substitute for meat and dairy proteins, and the growing number of investments strategized by the dominant players in Europe also act as drivers in the expansion and growth of the wheat protein market.
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In terms of both value and volume, the hydrolyzed wheat protein segment is projected to grow at the highest CAGR between 2017 and 2022. Increase in the consumer expenditure on cosmetic products and the growth of the personal care industry are projected to drive the growth of this segment in the coming years.
2 Market Ranking, By Key Player
3 Competitive Scenario
3.1 Expansions & Investments
3.2 Mergers & Acquisitions
3.3 New Product Launches
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The wheat protein market has been segmented based on product, application, and form. In terms of insights, this research report has focused on various levels of analyses—industry analysis, market share analysis of top players, and company profiles—which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global wheat protein market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, opportunities, and challenges.
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