Wheat Protein Market to Grow with a CAGR of 5.57% through 2028
Growing demand for gluten-free
wheat protein products and application in sports nutrition and fitness is
expected to drive the Global Wheat Protein Market growth in the forecast
period, 2024-2028.
According to TechSci Research
report, “Global Wheat Protein Market - Industry Size, Share, Trends,
Competition Forecast & Opportunities, 2028”, the Global Wheat Protein
Market stood at USD 2.37 Billion in 2022 and is anticipated to grow with a CAGR
of 5.57% in the forecast period, 2024-2028. Rising personal disposable income
and increasing consumer awareness of plant-based nutrition are the primary
drivers behind market expansion. Changing lifestyles, westernization,
heightened awareness of the availability of both naturally and synthetically
produced wheat proteins in developing economies, and a greater emphasis on
health consciousness among the public are all factors influencing market
growth.
Enhancements in distribution
channels, a growing number of gyms and fitness centers, the surging popularity
of healthy and high-protein powders, a rising vegan population, and evolving
consumer tastes and preferences will all contribute to the growth of market
value.
The demand for food products that
promote better health, particularly those low in fat and cholesterol, high in
protein, and beneficial for weight management, has witnessed a significant rise
due to increased consumer health awareness. Consequently, there has been a
substantial increase in the availability of food products containing
plant-based protein in recent years. Moreover, the growing popularity of trends
such as all-natural and clean-label products is expected to drive the demand
for wheat protein.
Wheat protein finds widespread
application in the food and beverage industry, primarily in nutritional
supplements, sports foods, dairy products, confectioneries, and baked goods. It
comprises two insoluble protein groups, namely glutenin and gliadin. Wheat
protein is utilized in the production of noodles and bread, as it imparts a
high level of dough strength, resulting in an elastic texture. Changing
consumer perceptions of wheat proteins and FDA approval for their use in food
products are anticipated to further augment their utilization in the food and
cosmetic industries during the forecast period.
The growth of the wheat protein
market is driven by the increasing number of health-conscious consumers. The
shifting consumer preference from animal protein is a key factor propelling
market growth on a global scale. The consumption of other concentrated proteins
often leads to weight gain, making wheat protein the preferred choice for
consumers seeking nutrition with fewer calories. Prominent nutrition powder
producer Whey Protein utilizes wheat protein and is recommended by fitness
trainers for muscle growth and maintaining a fit body.
The wheat protein market has
experienced growth due to the rising health consciousness among consumers. One
notable factor is the growing awareness of the significance of protein in the
diet. Proteins are essential nutrients for proper bodily functions and play a
vital role in numerous metabolic processes. Wheat proteins serve as a valuable
source of essential amino acids, making them an integral part of a
well-balanced diet. Additionally, the popularity of plant-based diets is
increasing, with more individuals opting for reduced meat and dairy
consumption. Wheat protein offers an excellent alternative as a high-quality,
vegan-friendly protein source. Moreover, its affordability compared to other
protein sources makes it accessible to a wider range of consumers. A
gluten-free diet is the primary treatment for gluten sensitivity. Additionally,
individuals without gluten allergies are also opting for a gluten-free diet,
potentially affecting sector growth. The rapid growth of this market can be
attributed to the increasing demand for plant-based ingredients in nutritional
supplements and advancements in the personal care and cosmetics industry.
Moreover, there is a significant rise in demand for wheat protein isolate, a
high-protein dietary supplement commonly used in sports nutrition.
Browse over 26 market data
Figures spread through 91 Pages and an in-depth TOC on "Global
Wheat Protein Market”
However, health risks associated
with the use of high protein powders may impede market expansion. Additionally,
fluctuations in raw material prices and supply chain disruptions caused by the
epidemic will further limit the market's potential for growth. Furthermore, the
presence of gluten in wheat, which can cause sensitivity and illness in
individuals, will also slow down market expansion.
The Global Wheat Protein Market
is segmented into product, form, application, regional distribution, and
company.
Based on product, the market is
segmented into wheat gluten, wheat protein isolate, textured wheat proteins,
and wheat protein hydrolysates. Wheat gluten exhibits a wide range of
functionalities, encompassing texturing, viscoelasticity, foaming, binding, and
emulsification. As a result, its utilization in bakery products is widespread.
Moreover, it serves as an exceptional meat substitute for vegetarian and vegan
options. These advantageous properties are anticipated to fuel the demand for
this segment throughout the forecast period.
Nevertheless, the surge in gluten
intolerance rates has impeded the growth of wheat gluten in recent years.
Beyond Celiac reports that celiac disease affects approximately one in every
150 individuals in the U.S. This inherited disease poses an increased risk of
developing various conditions such as arthritis, liver disease, obesity,
peripheral neuropathy, lactose intolerance, and more. The only effective
treatment for gluten intolerance is adopting a gluten-free diet. Additionally,
even individuals without gluten allergies opt for a gluten-free diet, which may
impede the growth of this segment.
Based on region, North America
segment is expected to grow during the forecast period. In terms of
revenue, North America held the largest market share in 2022. This region's
market dominance can be attributed to various factors, including the growing
consumer awareness of the health benefits of wheat protein and the
well-established food processing industry. Moreover, the increasing vegetarian
population, along with the rising consumption of bakery goods and meat
substitutes, is driving the demand for wheat protein products. Other
contributing factors include the substantial wheat production and the growing
demand for healthy and nutritious products in the region.
Asia Pacific is expected to
dominate the market during the forecast period, primarily due to the growing
vegan population and the increased awareness of healthy food consumption among
individuals striving for a healthy lifestyle. The industrial growth of the
healthcare and cosmetics sectors in China, Japan, India, and South Korea,
coupled with the rising domestic demand, is propelling the demand for wheat
protein products. Furthermore, the comparatively lower manufacturing costs of
protein in comparison to the United States and developed European countries are
anticipated to drive the market in the projected timeframe.
Major
companies operating in Global Wheat Protein Market are:
- Archer
Daniels Midland (Adm)
- Agridient
- Mgp
Ingredients
- Ab
Amilina
- Cargill
Inc.
- Manildra
Group
- Crespel
& Deiters GmbH and Co. Kg
- Crop
Energies AG
- Kroener
Staerke
- Roquette
Download Free Sample Report
Customers can also request
for 10% free customization on this report.
“Plant-based alternatives to meat
products have witnessed a significant surge in demand worldwide. Consumers are
seeking alternatives that mimic the texture, mouthfeel, and fibrous structure
of meat. This has sparked a global interest in the development of plant
protein-based meat alternatives. Additionally, the growing awareness about
healthy and nutritious food options has given rise to a new consumer segment
known as "flexitarians," who aim to reduce their meat consumption. As
a result, there has been a notable shift in consumer eating patterns and an
emergence of innovative products that not only replicate the taste but also
offer high protein nutritional value. Notably, the European research project
LikeMeat has successfully developed various plant protein-based alternatives,
using an adapted cooking extrusion process to create meat-like structures.
These structures have been further transformed into a range of food products,
due to the collaborative efforts of academic researchers and small to
medium-sized enterprises.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Global Wheat Protein Market
By Product (Wheat Gluten, Wheat Protein Isolate, Textured Wheat Proteins, Wheat
Protein Hydrolysates), By Form (Dry, Liquid), By Application (Bakery and
Snacks, Pet Food, Nutritional Bars and Drinks, Processed Meat, Meat Analogy and
Others), By Region, By Competition Forecast & Opportunities, 2018-2028”,
has evaluated the future growth potential of Global Wheat Protein Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Wheat Protein Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com