Global Wheat Protein Market by Product, Form, Application & Region | CAGR 3.3% With $ 2.85 Bn - Forecast 2022 to 2028 | Introspective Market Research

Market Overview:

The Global Wheat Protein market was valued at USD 2.27 billion in 2021 and is expected to reach USD 2.85 billion by the year 2028, at a CAGR of 3.3%.

Wheat is a highly essential source of plant-based protein. A protein called gluten, which makes up a sizable portion of the total wheat protein, has the ability to give certain processed foods a soft, moist, and chewy feel. It functions as a binder and provides food a stretchy texture. Bread is baked with wheat flour. The large capacity for retaining water leaves a pleasant and airy feeling. Additionally, it may be used to make pizza dough, pasta, cakes, and noodles. Additionally, useful in processed meat or minced fish items is its ability to hold firm. Numerous uses for wheat may be found in processed foods. Major wheat protein gluten also has positive effects on the body's wellness.

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The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis

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Market Dynamics:

Driver:
The importance of organic food items has been understood in the wake of alarming health issues, coupled with rising consciousness about organic certifications and a growing preference for high-quality food items. Nowadays, consumers are looking for natural, clean, and simple ingredients with proper labels, which could effectively convey their contents, quality, and intent of the product use. Further, they are largely dependent on organic and natural food products. For instance, the consumption of organic wheat protein has been extensively rising in diverse application sectors, such as food & beverages, and animal and aqua feed. Thus, the manufacturers of wheat protein are focusing on developing and marketing organic wheat protein.

Opportunities:
Wheat protein is a great option for use in multiple industries across a range of end-user sectors because of its functional characteristics which create an opportunity for the wheat protein market. To increase the strength of the dough and the shelf life of the product, wheat protein is frequently used in bread goods, confections, snacks, cereals, dairy fillings, and other products. Wheat protein makers now have greater chances thanks to their use in animal feed, cattle feed, aqua feed, and other products.

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help

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Market Segmentation
Segmentation for the Wheat Protein Market:
Based on the Product, wheat gluten controlled the global market concerning the value and volume. The extensive range of practicality of wheat gluten such as binding, texturing, foaming, viscoelasticity, and emulsification leads to its wide-scale applications in bakery products.

Based on Application, the animal feed segment dominates the market over the forecast period. The rising expenditure on pet feed products along with pet humanization in countries such as India and the US is anticipated to turn the market growth in the pet food segment.

Based on Form, dry form is expected to account for the maximum market share over the forecast period. The dry form of processing of protein is utilized in the manufacturing of wheat protein isolates.

Based on Protein Concentration, 75% concentration has appeared as a key segment. It has a higher concentration of diluted protein, and the formulation is primarily included in nutritional supplements.

By Type
• Wheat Protein Isolate
• Wheat Gluten
• Hydrolyzed Wheat Protein
• Textured Wheat
• Others

By Form
• Dry
• Liquid

By Concentration
• 75%
• 85%
• 95%

By Application
• Animal Feed
• Bakery & Confectionery
• Cosmetics & Personal Care
• Nutrition Supplements
• Dairy Products
• Others

Regional Analysis of Wheat Protein Market:
North America was the largest regional market registering for the highest revenue and is expected to witness promising growth over the forecast period. The region is expected to increase on account of the growing utilization of nutritional supplements, bakery products, and snacks.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Players Covered in Wheat Protein Market are:
• Cargill (US)
• Batory Foods (US)
• Agrana (Austria)
• Kröner-Stärke (Germany)
• Manildra Group (Australia)
• Tate & Lyle (UK)
• Roquette (France)
• Crespel & Deiters (Germany)
• MGP Ingredients (US)
• PureField Ingredients (US)
• Tereos Syral (France)
• CropEnergies (Germany)
• ADM (US)
• Kerry Group (Ireland)
• BENEO (Germany)
• Glico Nutrition (Japan)
• Agridient Inc (US)
• AMCO Proteins (US)
• Gluten y Almidones Industriales (Mexico)
• Others Major Players.

Key Industry Developments of Wheat Protein Market
In September 2020, a leading supplier of nutrition solutions for the global food and beverage industry declared that the inauguration of Arcon T textured pea proteins, Prolite MeatTEX textured wheat protein, and Prolite MeatXT non-textured wheat protein. These highly functional protein solutions enhance the texture and density of meat substitutes and are especially useful for reaching consumer-preferred, meat-like texture.

In April 2020, MGP Ingredients introduced the ProTerra line of textured proteins. ProTerra is particularly suited for use in vegetarian/vegan utilization as well as in blended products as an extension or partial alternative for meat.

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