Global Wheat Protein Market - Growth, Trends and Forecasts (2017 - 2022)

Published - Jan 2017 | Category - Food & Beverages | No. of Pages - 160 | Published By - Mordor Intelligence

Report Highlights

The global wheat protein market is estimated to be USD XX billion in 2016 and expected to reach USD XX billion by 2021 at a CAGR of 4.9% during the forecasted period 2016-2021.

Global Wheat Protein Market Dynamics

Increasing demand for wheat proteins in food and beverage industry and cosmetic industry is driving the market. Moreover, raising health concerns among the consumers is fueling the demand for meat-free diets and consumer awareness on low-calorie food has increased the demand for wheat protein. Despite a healthy volume growth, wheat protein is struggling to capture the market share due to heavy demand for competitive products, growing prominence for gluten free products, less consumer awareness of non-soy proteins and restricted supply of raw materials.

Global Wheat Protein Market Segmentation

The market is segmented into hydrolyzed wheat protein and wheat protein isolate. Wheat protein isolate accounts for the major market share with growing demand in the food and beverage industry. It is broadly used in weight management products, frozen dough, flatbreads and pizzas. Food applications for hydrolyzed wheat protein are in nutritional bars, beverages as well as in baking. Wheat protein finds applications in bakery, confectionery, sports food and functional food as dough binder, nutrient supplement, processing aid and thickener. Largest application is witnessed across bakery industry which accounts for 70% of the market followed by other sectors like pet food and breakfast cereals.

The market has also been geographically segmented into North America, Europe, Asia-Pacific, South America and Africa. North America accounts for the major market share in the world, with the US being its largest market for wheat protein due to the increasing demand for sports and nutritional foods. Europe follows owing to the raising health concerns among consumers and demand for meat-free foods. Asia Pacific region is emerging with a pool of opportunities due to its rising population, and high demand for nutritional foods.

Leaders in the Global Wheat Protein Market

The key players in the market are Manildra Group, Cargill Inc., ADM, Tereos syrol, Roquette, MGP Ingredients, Inc., Permolex, Chamtor, Crespel & Deiters GmbH, Crop Energies, Sedamyl, Kroener Staerke, Amilina, White Energy, Jaeckering, Agridient, Dengfeng Grainergy Agricultural Development, and Anhui Reapsun Food. Manildra group and Cargill Inc. are the market leaders with 20% and 18% of the market shares respectively. To increase the market share the major players are focusing on market growth and consumer demand, therefore concentrating on new product varieties of weight management foods and new R&D methods to improve the protein delivery.  

 

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