The global wheat protein market is projected to reach USD 3.1 billion by 2026, from USD 2.4 billion in 2021, at a CAGR of 5.0% during the forecast period. The market is driven by factors such as a shift in preference for plant-based protein foods, increased demand for meat-free diets, and growing incidence of lactose intolerance.
Wheat Protein Market Scope:
The global wheat protein market is expected to witness significant growth during the forecast period, owing to the increasing demand for plant-based protein sources and the growing awareness about the health benefits of wheat protein. Wheat protein is a type of plant-based protein that is derived from wheat and is a rich source of essential amino acids, vitamins, and minerals. It is widely used in various food and beverage applications, such as bakery products, meat alternatives, protein bars, and sports nutrition products.
Request for Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=67845768
The rising demand for wheat protein in the food and beverage industry is expected to drive the market growth. The increasing popularity of vegan and vegetarian diets, as well as the growing awareness about the health benefits of wheat protein, are some of the key factors driving the demand for wheat protein. Additionally, the increasing use of wheat protein in various food and beverage applications, such as meat alternatives, protein bars, and sports nutrition products, is also expected to drive market growth.
The increasing use of wheat protein in the animal feed industry is also expected to drive market growth. Wheat protein is used as a source of protein in animal feed and is widely used in the poultry and aquaculture industries. The increasing demand for animal protein and the growing population are some of the key factors driving the demand for wheat protein in the animal feed industry.
The Asia Pacific region is expected to witness significant growth during the forecast period, owing to the increasing demand for wheat protein in countries such as China, India, and Japan. The growing population and the increasing awareness about the health benefits of wheat protein are some of the key factors driving the demand for wheat protein in the region.
The major players operating in the global wheat protein market include Archer Daniels Midland Company, DuPont, Cargill, Inc., and Roquette Frères S.A. These companies are focusing on strategic partnerships and collaborations to expand their market presence and increase their market share.
In conclusion, the global wheat protein market is expected to witness significant growth during the forecast period, owing to the increasing demand for plant-based protein sources and the growing awareness about the health benefits of wheat protein. The increasing use of wheat protein in the food and beverage industry, animal feed industry, and the Asia Pacific region are some of the key factors driving market growth.
Get 10% Free Customization on this Report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=67845768
Leading Key Players:
This report includes a study of the marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as ADM (US), Cargill (US), Agrana (Austria), MGP Ingredients (US), Manildra Group (Australia), Roquette (France), Glico Nutrition (Japan), Crespel & Deiters (Germany), Kröner-Stärke (Germany), Tereos Syrol (France), CropEnergies (Germany), and Gluten y Almidones Industriales (Mexico), Batory Foods (US), Kerry Group (Ireland), BENEO (Germany), Agridient Inc (US), AMCO Proteins (US), Tate & Lyle (UK), and PureField Ingredients (US)
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/wheat-protein-market-67845768.html