Archer Daniels Midland Company, Cargill Inc., Kröner-Stärke GmbH, Roquette Frères., MGP Ingredients, Inc, and Manildra Group, among others, are significant players in the global wheat protein market.
The global wheat protein market is expected to grow at a CAGR of 5% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is expected to be driven by the multi-functionality offered by wheat protein.
Wheat is a significant source of protein from plants. Gluten, a protein that accounts for a significant portion of total wheat protein, imparts a soft, moist, and chewy feel to various processed foods. It functions as a binder and lends the meal a flexible texture. For example, loaves of bread are made from wheat flour. The excellent capacity for water retention imparts a delicate, airy feel.
Wheat protein is suitable for making pasta, cakes, noodles, and pizza dough. Gluten, a significant component of wheat, also has a beneficial effect on the body. Gluten-containing foods provide vitamins B, magnesium, and iron, all vital to the human body. Consuming more wheat or gluten-containing grains reduces the chance of developing heart disease or type 2 diabetes. The consumption of wheat is growing on account of the rising health consciousness. With the rising trend of vegetarianism or veganism, the surged demand for plant-based protein sources is expected to aid the market for wheat protein.
In September 2020, ADM announced the launch of Prolite® MeatTEX textured wheat protein and Prolite®, MeatXT non-textured wheat protein, and Arcon® T textured pea proteins. The products serve as viable alternatives to animal-based proteins and offer meat-like taste and texture to various food products. The proteins also offer a clean taste and enhance reliability and processing efficiency. Hence, the launch of such innovative wheat proteins is supporting the market growth.
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|Headquarters:||Chicago, United States|
The Archer-Daniels-Midland Company, abbreviated as ADM, is a multinational food processing and agriculture company, headquartered in the United States. The company operates over 270 feed and food ingredients manufacturing plants and 450 crop procurement facilities worldwide. It offers various services and products across industrial biosolutions, human nutrition, and animal nutrition segments. The company aims to offer plant-based industrial and consumer products and support healthy living.
|Headquarters:||Minnesota, United States|
Cargill is a privately owned worldwide food conglomerate headquartered in the United States. It is the biggest privately owned company in the country by revenue. It manufactures food ingredients such as vegetable oils, starch and glucose syrups, and fats for use in industrial and processed foods applications. The company serves various leading end-use sectors, including beauty and personal care, agriculture, food and beverage, bioindustrial, pharmaceutical, and transportation and logistics, among others. It employs approximately 155,000 people in over 70 countries.
Kroner-Starke is a manufacturer of high-quality and natural goods from sustainably sourced raw materials for artisanal manufacturing, commerce, and industrial applications. Kroener-Starke has evolved from a conventional mill into Europe's biggest manufacturer of organic starch products. It is a family-owned company and creates sustainable and innovative solutions for reliable and safe processes for consumers.
Roquette is a global firm, established in France, that manufactures over 650 by-products from starch extracted from maize, wheat, potatoes, and peas. Its product range includes cereal sugars, organic acids, proteins, derivatives, fibres, native and modified starch, and polyols, among others. The company aims to utilise natural solutions for contributing to the well-being of the global population. Roquette operates in over 100 countries, has an average turnover of EUR 3.9 billion and employs over 8,000 people.
|Headquarters:||Missouri, United States|
MGP is an industry leader in the production of premium distilled spirits and speciality starches and wheat proteins. Its distilled spirits range, consisting of bourbon and rye whiskeys, gins, and vodkas, are created through extensive expertise. Its starches and proteins find wide utilisation in various food products. Additionally, MGP is a well-known manufacturer of premium industrial alcohol for culinary and non-food applications. In 2021, the company acquired Luxco, Inc.
Manildra Group is an Australian family-owned farm company. It is committed to regional development, employing over 1000 people in rural Australia and a global workforce. The Manildra Group aims to enhance the sustainability of locally manufactured and grown products. Its facilities are located in Australia and the United States.
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