Wheat Protein Market Trend, Industry Key Players Updates 2018, Size, Share, Strategy, Future Growth and Industry Research Report by Forecast to 2023

Market Overview:

Wheat Protein Market is expected to keep growing over the review period due to increasing demand for vegan protein ingredients in food and beverage products. They have application in various industries such as bakery & confectionery, snacks, nutritional bars & drinks, processed meat, pet food, and others. Wheat protein is a plant-based protein which is extracted from wheat grains.

Furthermore, leading players are also investing in partnership with various functional & nutraceutical product manufacturers and industrial bodies as the primary focus area is to grow the consumer base. Additionally, increasing number of health-conscious consumers in this region is one of the driving forces for the growth of this market.

The Asia Pacific region is dominating the wheat protein market and is expected to have a substantial growth over the forecast period, 2017-2023. In the Asia Pacific region, India, China, and Japan are the major consumers of wheat protein owing to increase in the consumption of sports nutrition containing high protein among athletes. This has opened the opportunity to introduce new products in sports nutrition in this region. Moreover, increasing population and growing demand for vegan protein ingredients are boosting the growth of the wheat protein market in this region.

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Furthermore, the high price of commodities prepared from wheat protein is likely to hamper the market growth in the upcoming years. Nevertheless, all these factors are expected to lead the growth of the Asia Pacific wheat protein market at a CAGR of 5.4% during the review period, 2017-2023.

Major Key Players:

This report includes a study of strategies such as mergers, acquisitions, and product launches by the major wheat protein players. It further includes product portfolios, developments of leading players, which includes

• Cargill Inc. (U.S.)
• Roquette Freres S.A. (France)
• Archer-Daniels-Midland Company (U.S.)
• Manildra Group (Australia)
• MGP Ingredients, Inc. (U.S.)
• Tereos SA (France)
• Permolex International, L.P. (Canada)
• Crespel & Deiters GmbH & Co. KG (Germany)
• Hermann Kroener GmbH (Germany) and
• Chamtor SA (France)

Key Findings:

Wheat protein have a massive opportunity in the functional food industry

Asia Pacific is the fastest growing region in the wheat protein market. India and China has shown huge potentials for wheat protein market share during the reviewed period of 2017-2023

Jan 2018, leading European organic and ‘clean-label’ starch producer Kroner-Starke has introduced a new range of clean label wheat proteins to the German and European market.

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Segments:

The global wheat protein market is segmented into type, form, and application.

On the basis of the type, it is segmented into wheat gluten, wheat protein isolate, textured wheat protein, and others. Among all the types, the wheat gluten segment is dominating the market followed by the textured wheat protein owing to the presence of high protein content and wide range of product applicability.

On the basis of the form, the wheat protein market is segmented into dry and liquid. The dry form segment is dominating the market owing to better stability and higher shelf-life.

On the basis of the application, the wheat protein market is segmented into bakery and confectionery, snacks, nutritional bars & drinks, processed meat, pet food, and others. The bakery and confectionary segment is dominating the market. However, the pet food segment is anticipated to grow substantially over the estimated period.