The global Wheat Protein Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
The global Wheat Protein Market is estimated to touch US$ 2.15 Billion by the completion of the year 2025. The Wheat Protein industry was appreciated at US$ 1.52 billion in the year 2015. Growing inclination of end users for the meat free foods all over the world and increasing uses in end user businesses have been most important features motivating the progress of the market. Furthermore, increasing prevalence of lactose intolerance has headed to the augmented demand for the product.
Key Players:
- Archer Daniels Midland (ADM)
- Agridient
- MGP Ingredients
- AB Amilina
- Cargill
- Manildra Group
- Crespel & Deiters GmbH and Co. KG
- Crop Energies AG
- Kroener Staerke
- Roquette
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Growth Drivers:
The Wheat Protein market is estimated to develop at a CAGR of 3.6% for the duration of the prediction. Wheat proteins discover extensive uses in the foodstuff & liquid refreshment manufacturing in numerous products together with sporting nutrition, dairy, bakery, sweet meat, and nutritious enhancements. The increasing development in the foodstuff & liquid refreshment manufacturing is anticipated to be an important motivator for the progress of the market above the period of prediction. The market is likely to observe important development, headed by growing uses in confectionary and bakery foodstuffs due to their quality of bread manufacture.
Application Outlook:
- Dairy
- Bakery & Confectionery
- Nutritional Supplements
- Animal Feed
The subdivision of “Dairy” ruled the market in the year 2015. Enormous existence of lactose-prejudiced persons has increased the demand of international market in the subdivision of dairy application. This protein too performs such as an operational standby for lactose in agitated dairy products.
Product Outlook:
- Wheat Gluten
- Wheat Protein Isolate
- Textured Wheat Protein
- Hydrolyzed wheat Protein
Regional Insights:
By the source of geography, North America is the biggest provincial market responsible for almost 35% stake of the overall income and is likely to observe hopeful progress for the duration of the prediction. North America is likely to develop because of growing ingestion of bakery foodstuffs, nutritious additions and refreshments.
Asia Pacific is expected to record the speedy development, due to growing residents, refining end user standard of living and growing consciousness for fit nourishments. The nations like India and China are some of the most important wheat manufacturers in the area. Furthermore, development in healthcare and foodstuff & liquid refreshment businesses is expected to boost the demand for wheat- centered protein in emerging markets for instance South Korea, China, Indonesia, Malaysia and India above the following a small number of years.
The industrial developments in cosmetics and healthcare subdivisions in the nations like South Korea, China, Japan, and India together with growing inland demand and small price of production as equated with the developed European nations and U.S.A, are estimated to motivate the market above the period of prediction.
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