Global Wheat Protein Market Report and Forecast 2024-2032

Global Wheat Protein Market Outlook

The global wheat protein industry is expected to grow at a CAGR of about 5% in the forecast period of 2024-2032 to reach a value of around USD 4.10 billion by 2032.

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China and India Among the Leading Producers

The global wheat protein industry is witnessing robust growth due to rising demand. According to the Food and Drug Association, in 2019, globally, the top wheat producing countries were China and India followed by Russia and the United States. Wheat, being a source of protein, records a sizeable consumption in the developing regions. It is a source of food security too, in these nations. Its production is greater in temperate zones, where the temperature is neither to hot nor too cold. Around the globe wheat is an essential commodity which creates a large market for it in all countries, areas-rural and urban, and among all income groups.
 

Wheat Protein: Market Segmentation

Wheat is a cereal grain. Wheat protein consists of two different insoluble protein gliadin and glutenin. Glutenin and gliadins are called gluten proteins and are very high in quantity in wheat. It helps in extensibility and adhesion which is important for producing noodles, dumpling wrappers or bread, among others. Moreover, it gives a brings tenderness in the product.

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Based on type, it can be divided into the following:

• Wheat Gluten
• Isolate
• Textured
• Hydrolyzed
• Others

Wheat protein finds application in:

• Dairy
• Bakery and Snacks
• Animal Feed
• Confectionary
• Processed Meat
• Nutritional Supplements
• Others

Based on form, it can be bifurcated into:

• Dry
• Liquid

The regional markets for wheat protein market can be divided into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

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Multi Functionality Leading the Market Growth of Global Wheat Protein Market

Wheat is a very important source of plant-based protein. Gluten, a protein, which constitutes a heavy share in the overall wheat protein has the property of giving a soft, moistened, and chewy texture in different processed food. It acts like a binder and gives a stretchy quality to food. Wheat flour is used in baking breads. The high water-retention capacity leaves a soft and airy feel. It also can be used in pasta, cakes, noodles or as pizza dough. Its capacity to hold firm is also valuable in processed meat products or minced seafood products.  Wheat finds a lot of application in processed food. Gluten, a major wheat protein, has a healthy impact on the body too. Gluten containing food is a source of vitamin B, magnesium, and iron, which are extremely essential for the body. More consumption of wheat or grains with gluten are at a lesser risk of heart disease or type 2 diabetics. The rising health consciousness among people is bound to increase the wheat consumption. Even as people are turning to more ethical and sustainable sources of food it has the potential to boost the wheat market further. Consumers turning vegetarian or vegan are looking forward to more plant sources for protein and have a great demand for wheat.

Key Industry Players in the Global Wheat Protein Market

The report gives a detailed analysis of the following key players in the global wheat protein market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Archer Daniels Midland Company
• Cargill Inc.
• Kröner-Stärke GmbH
• Roquette Frères.
• MGP Ingredients, Inc
• Manildra Group
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report