Wheat protein is a natural protein derived from wheat and wheat flour. It is extracted from wheat flour by removing the starch from it and contains high protein content. Wheat protein containing 75-90% protein content and has been utilized in different industries. Wheat protein has been continuously used in the bakery industry as an ingredient, which offers viscoelastic properties and strength to bakery goods.
In addition, wheat protein is also utilized for animal feed, sports nutrition, and other industries as well. Wheat protein consumption is increasing due to the growing demand for plant-based protein and food across the world. Apart from that, the growing demand from the sports nutrition industry is among the factors, which are escalating the global wheat protein demand.
According to a new study of PMR, the approximately US$ 2.8 Bn market for wheat protein is highly likely to approach the revenues worth US$ 4.0 Bn by the end of forecast period of the assessment, 2019-2029. In terms of value, the global wheat protein market is expected to grow at approximately 4% CAGR over the forecast period. North America and Europe are mature markets for wheat protein due to the wide adoption and availability of wheat protein. Food is a prominent application segment, where wheat protein is mostly used in bakery, cereal, processed meat, and meat analogue applications. East Asia is prominent market presenting the highest growth in the wheat protein market due to the growing consumption of plant-based protein in the region.
Increasing Demand for Functional Ingredients Is Driving the Global Wheat Protein Market
Consumers favor food products, which offer all nutritional and health benefits. In order to meet the growing consumer demand, food manufacturers are using functional ingredients in food products. Plant-based proteins such as wheat protein, are the most common functional ingredients, containing all essential amino acids and nutritional ingredients required by the human body. Apart from that, wheat protein also improves taste, texture, hydration, and flowability of finished products. Furthermore, wheat protein is used as a functional ingredient in different food applications such as nutritional bars and drinks, breakfast cereals, sports nutrition products, pasta, and others. Consumers are opting for food products, which can provide multiple benefits, and wheat protein is utilized as a functional ingredient in most food applications, which is escalating the demand for wheat protein in the global market.
Increasing Health-Conscious Population Is Providing Opportunities for the Wheat Protein Market
The food industry has drastically changed in the past couple of years and increasing health consciousness is one of the main reasons for it. Adoption of a healthy lifestyle is increasing in consumers. Consumers desire more nutritional and health benefits and are finding different ways to include these nutrients in their diets. Furthermore, consumers are becoming aware of artificial ingredients and preservatives used in food applications, which can cause different health issues. This has influenced consumers to consume health conscious food, where more plant-based ingredients are used. Hence, increasing health consciousness among consumers is also providing better growth opportunities for the wheat protein market.
Growing Consumption of Protein in Daily Diet
Increased demand for protein arising from population growth, increased demand for protein globally is driven by socio-economic changes such as rising incomes, increased urbanization, and aging populations whereby the contribution of protein to healthy aging is increasingly recognized, and recognition of the role of protein in a healthy diet. Economic development and increased urbanization is leading to major transitions in population-level dietary patterns in low and middle income countries in particular, such that most of the global increases in demand for foods of animal origin are seen in developing countries.
Consumption of a high-protein diet has been increasing due to the growing awareness of benefits of protein. Consumers have become more health conscious and are seeking high-nutrient diets. There are several high protein food items including breakfast cereals, prepared snacks, and bakery foods, which are being favored by consumers. Wheat protein is one of the vital sources of protein as it contains protein content between 75-90% and offers health benefits such as strengthening muscles, improving digestibility, and others. The high protein consumption trend is expected to continue in the market for a long time and will be beneficial for the wheat protein market.
The latest market report by PMR on the global wheat protein market evaluates the opportunities and current market scenario, and provides insights and updates about the corresponding segments involved in the global wheat protein market during the forecast period 2019-2029. The global wheat protein market report further exhibits the estimated data for 2019, and forecast data up to 2029 in the terms of value (US$ millions) and volume (Tons).
The present study exhibits the trends and market dynamics of the wheat protein market. It includes North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa. The report also includes the study of the current issues with consumers, and various future opportunities for the wheat protein market.
Wheat Protein Market: Report Description
The report explores the global wheat protein market for the period 2019–2029. The primary objective of the global wheat protein market report is to provide insights of the opportunities in the market that are consistently supporting the transformation of global businesses that are associated with wheat protein. It is very important to consider that, in an ever-wavering economy, we provide the estimated (Y-o-Y) year-on-year growth rate in addition to the compound annual growth rate (CAGR) for the overall forecast, to better understand the analysis and evaluation of the global wheat protein market, and to discover equitable opportunities.
Yet another key feature of this report is the estimation of the global wheat protein market and the corresponding revenue forecast carried out in terms of absolute dollar opportunity. This is usually not prioritized while forecasting overall market numbers. Absolute dollar opportunity analysis is very essential in evaluating the degree of opportunity that a provider can observe to execute, as well as to contrast the potential resources from a sales perspective in the global wheat protein market.
The global wheat protein market report starts with an elaborate executive summary, market definition of various segmentations that are included, and their respective shares in the market. The report further incorporates the major macro and micro-economic factors that have an effect on the growth of the wheat protein market. The report also highlights various market dynamics, which include the drivers and restraints in the global wheat protein market. Current opportunities, as well as on-going trends in the wheat protein market are also discussed in this report. The report further underlines the study of the present issues with industrial processing, and opportunities for the wheat protein market. It also encompasses a supply chain analysis, which provides a structural view of the overall profitability from the manufacturer to the end user in the wheat protein market. In order to provide users with a clear view of the global wheat protein market, we have exhibited a competitive analysis of key market players and their strategic expansions. The competitive dashboard presents a detailed comparison of wheat protein manufacturers on valuable parameters such as key product offerings, total revenue, key developments, and key strategies. The study intensifies the global wheat protein market attractiveness analysis by nature, product type, source, form, end use, and region.
To evaluate the overall market size of wheat protein, the report considers various fundamental aspects based on secondary research. Furthermore, it emphasizes on quantitative evaluation such as market share by nature, product type, source, form, end use, and region. Other qualitative data from primary respondents, which has been consolidated to arrive at clear and accurate market estimations is included.
The market size was benchmarked taking into consideration the global wheat protein production. Global wheat protein production data is obtained from sources such as FAO stat, World Bank data, and research publications. The average use of wheat protein was deducted from company reports_bk_01_01_2020 and research publications, and was used to triangulate the process. The forecast presented in the wheat protein market report arrives at the total revenue being generated, and expected revenue contribution in the future by the global wheat protein market.
Wheat Protein Market: Competition Analysis
Some of the key players included in the wheat protein market report are Tereos, Roquette Frères, Cargill, Archer Daniels Midland Company, MGP, Kröner-Stärke, Manildra Group USA, Meelunie B.V, Royal Ingredients Group, BENEO, Bryan W Nash & Sons Ltd, Dutch Organic International Trade, Aminola, Costantino & C. spa, Sacchetto SpA, GC Ingredients Inc., AminoSib, Glico Nutrition Co., Ltd., KELISEMA, and Blattmann Schweiz AG.
Wheat Protein Market: Segmentation
The subsequent sections analyze the global wheat protein market on the basis of product type, source, application, and region to present a forecast for the period 2019–2029. The market is segmented as follows:
On the basis of product type, the global wheat protein market has been segmented as –
- Concentrate Wheat Protein
- Wheat Protein Isolate
- Hydrolyzed Wheat Protein
On the basis of source, the global wheat protein market has been segmented as –
On the basis of application, the global wheat protein market has been segmented as –
- Cereals & Snacks
- Processed Meat & Sea Food
- Sauces, Dressings & Soups
- Meat Analogues
- Animal Feed
- Sports Nutrition & Weight Management
On the basis of region, the global wheat protein market has been segmented as-
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
PMR Research Methodology
PMR is committed to providing unbiased market research solutions to its clients. PMR follows a robust methodology for deducing the data that is included in this report. A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on the use of standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions, i.e. Europe, South Asia, East Asia, Oceania, Middle East and Africa, Latin America, and North America, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include,
- Primary Research
- Secondary Research
- Trade Research
- Social Media Analysis