Dublin, March 28, 2023 (GLOBE NEWSWIRE) -- The "Global Wheat Protein Market by Product (Gluten, Protein Isolate, Textured Protein, Hydrolyzed Protein), Form, Concentration, Application (Bakery & Snacks, Pet Food, Nutritional Bars & Drinks, Processed Meat, Meat Analogs) & Region - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global wheat protein market is projected to reach USD 3.2 billion by 2028 from USD 2.5 billion by 2023, at a CAGR of 4.9% during the forecast period in terms of value.
Wheat protein products are gaining attention, and consumers are more inclined toward adding more plant-based foods to their diets by including food products that contain wheat, gluten, and other proteins as alternative sources to animal-sourced products. The factors responsible for the growth of the wheat protein industry are the increase in lactose-intolerant consumers, health concerns, evolving protein source preferences, and a thriving food-processing sector that is introducing a wide variety of plant-based food & beverage products.
By application, Bakery & Snacks is projected to account for high demand during the forecast period
Wheat gluten is used in the bakery industry. It is used in bakery products such as pasta, bread, and pastries. Its viscoelastic properties improve the dough's strength, while its water absorption capacity enables improvised product yield, softness, and shelf-life of baked products. In Europe, the rise in the aging population and growing health concerns have compelled consumers to opt for healthier alternatives such as value-added baked goods. Increasing disposable incomes and higher living standards have boosted the demand for bakery products in Europe.
Bread and biscuits are the most consumed products; however, the demand for other bakery items, such as cakes, pastries, and cookies, is also increasing. Kroner-Starke, a German-based company, provides vital wheat gluten, which finds application in bakery products. Furthermore, a well-known company, Kellogg's, provides wheat protein-based snacks such as Pop-Tarts are a popular toaster pastry that typically contains wheat protein. Nestle also provides such as Nestle Crunch and Toll House Cookies. The bakery sector in the wheat protein market witnesses a paradigm shift in consumer interest toward health-enriching and functional foods.
By form, Dry wheat protein is expected to dominate the market during the forecast period
The dry form of wheat proteins is preferred among manufacturers of the food & beverage industry due to several benefits. Wheat proteins in the dry form are characterized by better stability and, ease of handling & better storage conditions compared to the liquid form.
By region, Asia-Pacific will drive market growth during the forecast period
Wheat proteins are highly cost-effective as compared to other proteins and find applications in various food industries, mainly bakeries. Bakery products account for a significant share of the food processing industry, and their consumption continues to rise due to the growing population, rising awareness, and increasing urbanization. The overall investment level in Asia and the Pacific regions has increased substantially over the past decade, especially in China, which contributes to rapid economic growth. The region hosts a strong agricultural production base, which is a key factor in producing plant-based protein sources.
Market Dynamics
Drivers
- Increase in Consumer Preference for Meat Analogs
- Growth in Applications of Wheat Protein in Varied End-user Industries
- Growing Popularity of Protein-Rich Food Products
- Rise in Lactose Intolerance Boosted Use of Wheat Protein as Dairy Alternative
Restraints
- Increase in Discussion on Gluten Intolerance and Gluten-Free Diets
- Ban on Plant Proteins and Wheat of GM Origin
Opportunities
- Growing Role of Wheat Protein in Pet Food Industry
Challenges
- Limited Technological Developments
- Low Consumer Awareness About Non-Soy Proteins
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 262 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $2.5 Billion |
| Forecasted Market Value (USD) by 2028 | $3.2 Billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Increase in Trend of Veganism to Drive Wheat Protein Market
4.2 Concentration Segment to Dominate Market During Forecast Period
4.3 Dry Form to be Major Segment in Europe in 2022
4.4 US Estimated to Account for Largest Market Share in 2022
4.5 Europe to Account for Largest Share by Type During Forecast Period (Value)
5 Market Overview
6 Industry Trends
7 Wheat Protein Market, by Product
7.1 Introduction
7.2 Wheat Gluten
7.3 Wheat Protein Isolate
7.4 Textured Wheat Protein
7.5 Hydrolyzed Wheat Protein
8 Wheat Protein Market, by Concentration
8.1 Introduction
8.2 75% Concentration
8.3 80% Concentration
8.4 95% Concentration
9 Wheat Protein Market, by Form
9.1 Introduction
9.2 Dry
9.3 Liquid
10 Wheat Protein Market, by Application
10.1 Introduction
10.2 Bakery & Snacks
10.3 Pet Food
10.4 Nutritional Bars & Drinks
10.5 Processed Meat
10.6 Meat Analogs
10.7 Other Applications
11 Wheat Protein Market, by Region
12 Competitive Landscape
13 Company Profiles
14 Adjacent and Related Markets
15 Appendix
Companies Mentioned
- Aarkay Food Products Ltd.
- ADM
- Agridient B.V.
- Amber Wave
- Amco Proteins
- Aminosib JSC
- Batory Foods
- Blattmann Schweiz AG
- Cargill, Incorporated
- Crespel & Deiters Group
- GC Ingredients
- Glico Nutrition Foods Co. Ltd.
- Gluten Y Almidones Industriales
- Kerry Group PLC
- Kroner-Starke
- Manildra Group
- MGP Ingredients
- Purefield Ingredients
- Roquette Freres
- Sacchetto S.p.A.
- Stentorian Industries Co. Ltd.
- Sudzucker AG
- Tate & Lyle
- Tereos
- The Scoular Company
For more information about this report visit https://www.researchandmarkets.com/r/y66yhn
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