Press release
Functional Wheat Proteins Market Size(Volume & Value), Growth and Development Trends 2017-2025
This exclusive report will provide you with the market size and forecast (US$ Mn) for the global market and its segments for the period from 2015 to 2025 along with the growth rate (CAGR) from 2017 to 2025, considering 2016 as base year. In addition, drivers, restraints and opportunities, competitive landscape have also been covered under the current proposed table of contents, which will in due course help you to take strategic decisions with respect to the market.
Rise in protein interest globally for nutritional purpose along with decreasing scarcity of animal protein in the near future there is sturdily escalating in need for plant-based protein. Additionally, with expanding worldwide population coupled with an increase in demand for meat will further lead to the shortage in the availability of animal protein. Wheat gluten is an essential source of plant protein. It is a food prepared from gluten, the key protein of wheat. Therefore, where the food industry is searching for alternative protein sources, plant proteins are an excellent source. Wheat gluten is primarily used in the food industry mainly in the bakery. As compared to traditional wheat gluten, organic or plant-based ingredients are used for making bakery products such as pasta, noodles, crackers, chips, and many more. Whereas, for preparing vegetables and soups functional wheat proteins can be effectively used. Functional wheat proteins help in improving the quality of traditional wheat products. Moreover, adoption of novel food processing technologies and integrated manufacturing procedures have enabled the surge in demand for functional wheat proteins during the forecast period. Various manufacturers are offering technical support for developing nutritional foods. These functional wheat proteins can also be used as an extender for multiple applications.
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Functional Wheat Proteins Market: Drivers and Restraints
Increasing health consciousness among people, rise in preference for meat-free diets and expanding consumption of wheat proteins by sports person and bodybuilders for improving strength and gaining muscles are some of the primary factors driving the growth of the global functional wheat proteins market. Moreover, innovation in modern food processing technologies, increasing the prevalence of obesity, expanding application in the end-user industry such as cosmetics, growing demand for healthy foods, and rise in importance of gluten-free products are another significant factors increasing the functional wheat proteins market over the forecast period. However, rise in the price of wheat with high protein content, a limited supply of wheat for extraction of proteins and presence of gluten in wheat proteins which may cause diseases among consumers, and availability of alternative products in the market which may limit the growth of the functional wheat proteins market during the forecast the period.
Functional Wheat Proteins Market: Segmentation
The functional wheat proteins market has been classified by product type, form, and application.
Based on product type, the functional wheat proteins market is segmented into the following:
Wheat Protein Isolate
Wheat Gluten
Hydrolyzed Wheat Protein
Textured Wheat Protein
Based on form, the functional wheat proteins market is segmented into the following:
Dry
Liquid
Based on application, the functional wheat proteins market is segmented into the following:
Bakery & Snacks
Dairy
Animal Nutrition
Dietary Supplements
Cosmetics &Personal Care
Others
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Functional Wheat Proteins Market: Overview
Functional wheat proteins market revenue is expected to grow at a rapid growth rate, over the forecast period. The market is projected to perform well in the near future owing to expanding consumer preference for cholesterol free and low saturated fat products coupled with increasing awareness about benefits associated with it. Additionally, growing consumption of vital health supplements, rise in the incidence of lactose intolerance, expanding skin related problems, and increasing geriatric population are the main factors that can propel the market revenue growth of functional wheat proteins in the near future. Based on product type, wheat gluten segment is projected to lead the global functional wheat proteins market over the forecast period attributed to expanding the application of functional wheat gluten in various dermatologist products.
Functional Wheat Proteins Market: Region-wise Outlook
Depending on the geographic region, the functional wheat proteins market is classified into seven key areas: North America, Eastern Europe, Latin America, Western Europe, Japan, Asia-Pacific excluding Japan, and the Middle East & Africa. North America is expected to be the leading markets in the global functional wheat proteins market followed by Europe owing to the booming food industry and rise in consumption of nutritional supplements, snacks, and bakery products. Japan, functional wheat proteins market, is expected to account healthy CAGR during the forecast period owing to new product developing and frequently launch of novel products by various companies in the region. Moreover, the market in Asia-Pacific excluding Japan is projected to have the substantial growth in the global functional wheat proteins market over the forecast period due to changing consumer lifestyle, rising population, expanding cosmetics as well as baby food industry along with increasing health awareness and disposable income in the region. MEA is expected to witness the significant growth rate in the global functional wheat proteins market due to growing demand for health food along with emerging food and beverages industry.
Functional Wheat Proteins Market: Key Players
Some of the prominent players in the functional wheat proteins market are Cargill Inc., MGP Ingredients, Inc., The Archer Daniels Midland Company, Crespel & Deiters GmbH and Co. KG, AB Amilina, The Manildra Group, Crop Energies AG, Roquette Freres Company, Tereos Syral SAS, Permolex Ltd., The Jäckering Group, Anhui Ruifuxiang Food Co., Ltd., and others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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