Global Wheat Protein Market to Grow at a CAGR of 5% During 2024-2032, Aided by the Increasing Demand for Plant-based Protein

The global wheat protein market is thriving due to wheat's significance as a key plant-based protein source. Gluten, a major component of wheat protein, imparts desirable texture and binding qualities to processed foods. Wheat flour is versatile, used in breads, pasta, cakes, and more. Gluten-containing foods provide essential nutrients like vitamin B, magnesium, and iron, contributing to heart health and diabetes prevention. Increasing health consciousness and demand for sustainable, plant-based diets drive further wheat consumption.

The market benefits from a surge in wheat production, accounting for a sizeble consumption iin developing countries. Wheat, containing two key insoluble proteins, gliadin and glutenin, collectively known as gluten proteins, contribute to the extensibility and adhesion as well as imparts tenderness to the final product.

Table: Global Wheat Production by Region, 2018-2022

The global market for wheat protein is experiencing strong growth particularly in developing regions. Leading wheat-producing countries in 2019 included China, India, Russia, and the United States. Wheat serves as a vital source of protein and food security in these nations, with production thriving in temperate climates. This essential commodity sustains a large, diverse market across rural and urban areas and income levels worldwide.

Over the forecast period, the market is expected to benefit from the growing adoption of plant-based and vegan diets in developed as well as developing economies. Additionally, rapid urbanisation, rising income levels, and a shift towards more ethical and sustainable sources of food are expected to drive the demand for wheat protein products.

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Market Breakup by Type, Form, Application, and Region:

• The market is segmented based on type into wheat gluten, isolate, textured, and hydrolyzed, among others.

• Based on form, the market can be divided into dry and liquid.

• On the basis of application, the market is  ategorized into dairy, bakery and snacks, animal feed, confectionary, processed meat, and nutritional supplements, among others.

• By region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East And Africa.

Key Findings of the Report:

• The wheat protein market is set to grow with the rise of plant-based and vegan diets in developing economies, supported by increasing income levels.

• Wheat protein’s versatile benefits drive its use across diverse industries, including bakery, meat and milk substitutes, pasta, and pet food. Its fundamental role in baking and milling is expected to fuel its demand across multiple sectors.

• Changing health trends, environmental sustainability concerns, and consumer preference for plant-based proteins are boosting the consumption of cereal-derived proteins. Factors include awareness of protein-rich diets, interest in health and wellness, and ethical considerations.

• The expanding use of wheat protein across industries like animal feed, sports nutrition, and processed meat is expected to fuel the market expansion. Wheat gluten is particularly valued in aquaculture feed for its high protein content.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for wheat protein for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the type, form, application, and region of the wheat protein market.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global wheat protein market are Archer Daniels Midland Company, Cargill Inc., Kröner-Stärke GmbH, Roquette Frères., MGP Ingredients, Inc, and Manildra Group, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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