Press release
Wheat Protein Market Analysis, Top Key Players | Cargill Inc., Roquette Freres S.A., Archer-Daniels-Midland Company, Manildra Group and MGP Ingredients, Inc.
Market Scenario:Increasing demand for efficient and cost effective ingredients in sports drinks & food is boosting the growth of wheat protein market. Moreover, increasing health conscious population and growing trend of adding functional foods and nutritional supplements in diet is propelling the growth of wheat protein market. Globally, wheat protein is witnessing high demand, which is driving greater private investments by companies involved in the wheat protein market, to gain consumer attention and encourage purchasing. Also, companies manufacturing plant based protein products in the North American and European region are spending more on marketing activities to promote wheat protein among the consumers in these regions.
Additionally, the enhancement of the product coupled with technological advancements is considered to be one of the significant reasons for the increasing growth of the wheat protein market during the forecast period, 2017-2023. However, possible side effects associated with wheat protein such as gluten intolerance may hamper the growth of the market.
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Key Players:
Some of the key players profiled in the global wheat protein market: Cargill Inc. (U.S.), Roquette Freres S.A. (France), Archer-Daniels-Midland Company (U.S.), Manildra Group (Australia), MGP Ingredients, Inc. (U.S.), Tereos SA (France), Permolex International, L.P. (Canada), Crespel & Deiters GmbH & Co. KG (Germany), Hermann Kroener GmbH (Germany), and Chamtor SA (France)
Regional Analysis:
The global Wheat Protein Market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The North American region is dominating the wheat protein market followed by Europe owing to increasing demand for high protein food and beverage products. Additionally, the major key players are actively involved in the research & developments of the product conforming to North American regulations for food fortification with wheat protein.
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