Press release
Global Wheat Protein Market: Strong Growth, Emerging Trends, and Forecast for 2024-2029
Global Wheat Protein Market
The wheat protein market has seen impressive growth recently and is set to continue this trend with expected growth rates and market sizes as follows:
• 2024 Market Size: $3.48 billion
• 2025 Projected Market Size: $3.7 billion (6.2% CAGR)
• 2029 Forecasted Market Size: $5.08 billion (8.3% CAGR)
This growth is mainly attributed to the increased traditional use of wheat protein in food and bakery products due to its high nutritional value, protein content, and rising consumer demand for protein-enriched foods.
What Is Driving The Growth In The Wheat Protein Market?
The expanding vegan population is a significant driver of the wheat protein market. This refers to individuals abstaining from all animal products, including meat, dairy, eggs, and often honey, primarily due to ethical treatment of animals, environmental sustainability, and health benefits. Wheat protein, with its high protein content, complete amino acid profile, and functional properties that make it suitable for various food applications, is increasingly favoured by vegans. For instance, a recent survey conducted by Finder.com LLC, a US-based personal finance comparison site, showed a notable increase in the UK vegan population from 1.1 million in 2023 to 2.5 million in 2024, driving the demand for wheat protein.
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Who Are the Key Players Driving Wheat Protein Market Growth?
The following major companies are key players in the wheat protein market:
• 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
• Kerry Inc.
• Permolex Ltd.
• Chamtor Ltd.
• Sedamyl SRL
• 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.
What Are The Key Trends In The Wheat Protein Market?
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 applications in personal care and cosmetics
What Are The Segments Of The Global Wheat Protein Market?
The wheat protein market is segmented into:
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, Confectionery, Processed Meat, Nutritional Supplements, Other Applications
Which Region Leads The Wheat Protein Market?
North America was the largest region in the wheat protein market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. This covers several regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What Is Covered In The Wheat Protein Market Global Market Report?
- Market Size Analysis: Analyze the Wheat Protein Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Wheat Protein Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Wheat Protein Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Wheat Protein Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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