Wheat Protein Market is projected to reach USD 3,200 million in 2028 | Size & Forecast

The Wheat Protein Market is expected to reach USD 3,200 million by 2028, increasing at a CAGR of 3.8% over the forecast period (2021-2028).

The factors driving growth of the Wheat Protein Market includes increasing demand for gluten-free products, rising prevalence cases of heart diseases, inflammation, and obesity, evolving trend of veganism, growing manufacturers focus on using organic and natural ingredients to cater the increasing demand across the globe. Moreover, growing adoption of advanced technologies, increasing health consciousness amongst consumers, rising disposable incomes and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major companies on research and development, strategic collaborations, and partnerships between enterprises, rise in the launch of innovative solutions and growing population growth rates, are further supporting the market growth.

However, growth of the Wheat Protein Market is hindered attributed to variations in the pries of raw materials.

The leading players operating in the market are GLICO NUTRITION CO., LTD. Al., Crespel & Deiters Group, Tereos Syrol, ADM, Cargill, Incorporated, Agrana, CropEnergies, MGP, Manilda Group, and Roquette Frères, among others.

Based on Application, the Pet Food segment is predicted to grow at a significant CAGR during the forecast period

Emerging trend of pet humanization and growing demand for plant-based alternatives, are pushing the segment’s growth.

Based on Form, the Dry segment is projected to grow at a remarkable CAGR over the forecast period

Growing adoption of dry milling technology to reduce the size of raw materials, is propelling growth of the segment.

Based on Region, the Asia-Pacific region is estimated to hold the largest share during the forecast period

Increasing demand for plant-based protein products across India, China and Indonesia, growing adoption of advanced technologies by manufacturers, rapid urbanization, rising per capita incomes and high population growth rates.

Key Developments

  • In 2020, MGP developed the ProTerra line of textured proteins. It is especially suited for use in vegetarian/vegan applications as well as in blended products as an alternative for meat.

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
  • Hydrolysed Wheat Protein

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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