The wheat protein global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Wheat Protein Market, 2024 report by The
Business Research Company offers comprehensive insights into the current state
of the market and highlights future growth opportunities.
Market Size -
The wheat protein market size has grown strongly in recent years. It will grow
from $3.27 billion in 2023 to $3.48 billion in 2024 at a compound annual growth
rate (CAGR) of 6.2%. The growth in the historic period can be
attributed to traditional use in food and bakery products, high nutritional
value and protein content, increased consumer demand for protein-enriched
foods, growth in meat alternatives and vegetarian diets, expansion of food
processing and bakery industry.
The wheat protein market size is expected to see strong growth in the next few
years. It will grow to $4.66 billion in
2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be
attributed to growing emphasis on clean label and natural ingredients,
expansion of gluten-free and allergen-friendly product market, research and
development for enhanced functional properties, focus on sustainable sourcing
and production practices, increasing demand in emerging economies. Major trends
in the forecast period include technological advancements in wheat protein
extraction, gluten-free wheat protein alternatives, plant-based protein
enrichment in snacks and convenience foods, textured wheat protein for meat
alternatives, wheat protein in personal care and cosmetics.
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Scope Of Wheat Protein Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Wheat Protein Market Overview
Market Drivers -
The increasing demand for substitutes for animal protein and dairy products is
significantly contributing to the growth of the wheat protein market going
forward. The popularity of vegan protein sources and the wide availability of
vegan proteins in retail and food stores around the world make it an easy
alternative for customers to choose plant-based proteins instead of
animal-based, which has led to a shift of consumers from animal products to
plant products. For instance, in 2021,
according to the Health and Nutrition Survey (IFIC), conducted by the
International Food Information Council, a US-based non-profit organization,
around one-quarter of adults consume more plant-based food compared to
animal-based food in 2020. Furthermore, For instance, according to Good Food
Institute, a US-based non-profit organization to promote plant-based and
cell-based alternatives to animal products, sales of plant-based foods
increased three times more quickly than those of non-plant-based meals as compared
to its previous years in the year 2021 in the US. Therefore, increasing demand
for substitutes for animal-based proteins and dairy products is driving the
growth of the wheat protein market.
The wheat protein market covered in this report is segmented –
1) By Product Type: Gluten, Protein Isolate, Textured Protein, Hydrolyzed
Protein, Other Product Types
2) By Form: Dry, Liquid
3) By Nature: Organic, Conventional
4) By Application: Dairy, Bakery and Snacks, Animal Feed, Confectionary,
Processed Meat, Nutritional Supplements, Other Applications
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Regional Insights -
North America was the largest region in the wheat protein market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the wheat protein
market report during the forecast period. The regions covered in the wheat
protein market report include Asia-Pacific, Western Europe, Eastern Europe,
North America, South America, Middle East and Africa.
Key Companies -
Major companies operating in the wheat protein market include Archer Daniels Midland Company, Cargill Inc.,
Agrana Beteiligungs-AG, MGP Ingredients Inc., Roquette Freres SA,
Glico Nutrition Co. Ltd., Tereos Starch & Sweeteners, Agridient Inc.,
Manildra Group, Crop Energies, Kröner-Stärke GmbH, Crespel & Deiters GmbH
& Co. KG, AB Amilina, Xi'an Sheerherb Biotechnology Co., BASF SE, Kerry
Inc., Permolex Ltd., Chamtor Ltd., Sedamyl SRL, Royal Ingredients Group,
Meelunie B.V., Bryan W Nash & Sons Ltd., Aminola BV, Agridient Inc., The
Scoular Company, Südzucker AG, Axiom Foods Inc., Batory Foods Inc., Emsland
Group GmbH, Beneo-Remy N.V.
Table of Contents
1. Executive Summary
2. Wheat Protein Market Report Structure
3. Wheat Protein Market Trends And
Strategies
4. Wheat Protein Market – Macro Economic
Scenario
5. Wheat Protein Market Size And Growth
…..
27. Wheat Protein Market Competitor
Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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