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(Health-NewsWire.Net, December 14, 2021 ) Wheat Protein Market size is estimated to reach $2,651 million by 2026, growing at a CAGR of 6.1% over 2021-2026. Wheat protein is one of the plant proteins (along with soy) most commonly utilized in meat products. The protein level of finished wheat gluten products is typically 75–82% (dry basis). Vital wheat gluten, texturized wheat gluten, and isolated wheat gluten can be used in meat products. There are several applications of wheat protein such as nutritional bars, processed meat, animal feed, etc. These proteins are a form of insoluble functional protein with specific visco-elastic properties that give product elasticity and extensibility. Wheat Proteins are becoming a common requirement for bakery products followed by the increasing popularity of plant-based foods. Furthermore, wheat protein being a suitable alternative for non-animal protein among vegans coupled with nutritional benefits for lactose-intolerant consumers can be considered as another the major factor driving the growth of this market. Above all, economic growth and urbanization are causing substantial shifts in population-level dietary patterns; particularly in low- and middle-income nations, with emerging countries accounting for the majority of the worldwide rise in demand for animal-based foods which is set to further enhance the overall market demand for Wheat Protein market for the period 2021-2026.
Wheat Protein Segment Analysis – By Product Type
The Wheat Protein Market based on product type can be further segmented into Wheat Gluten, Wheat Protein Isolate, Textured Wheat Protein, Hydrolyzed Wheat Protein and Others. The Wheat Gluten segment is the major segment generating revenue in 2020. Gluten proteins from wheat are typically utilized as a bread component. When water is added to flour, gluten is formed. A continuous network of protein formulae gives dough with strength and flexibility while maintaining its shape during the mixing process. Furthermore, the segment is estimated to register the fastest CAGR of 7.5% for the period 2021-2026. This is mainly owing to the fact that Gluten's increasing use in hair products, cosmetics, and different dermatological goods has fueled demand in recent years, and this trend is likely to continue over the next decade, which in turn boosting the growth of Wheat Protein market. However, owing to the growing concerns among consumers about food allergies is also impeding the demand, as the regulatory bodies in the both developing and developed countries are indulging food producers on their labelling as allergen or gluten-free products.
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Wheat Protein Segment Analysis – By Application
The Wheat Protein Market based on Application can be further segmented into Food, Animal Feed, Sports Nutrition & Weight Management, Nutraceuticals, Cosmetics and Others. The bakery of food segment registers for the highest Wheat Protein market share in 2020. This is mainly owing to the fact that these proteins are an important dietary complement for good health. It acts as a low-calorie supplement that has a greater glutamine content than whey and casein. Moreover, it also aids in the management of cholesterol levels and the treatment of cardiovascular illnesses. Its numerous advantages make it an important element of a balanced diet. As a result, consumer demand is being driven. On the other hand, the Sports Nutrition & Weight Management segment is forecasted to register the fastest CAGR of 8.1% over 2021-2026. This is mainly owing to the fact that these proteins are the basic requirements that are vital in the raising of healthy and nutritional supplements which are majorly adopted by bodybuilders and strength training athletes as it is a high nutritional content and is low in calorie. Apart from this, there is also a rising incidences of lactose intolerances across the globe, in order to aid this these isolates of wheat protein further help in providing accurate amounts of nutrients and further in weight management.
Wheat Protein Segment Analysis – By Geography
North America dominated the Wheat Protein Market with major share of 45% in 2020. This is owing to busy lifestyle and hectic work schedule mostly in the U.S. and Canada with the consumption of RTE products seeing an up-surge and continue to drive the market. Apart from this, the changing consumer perceptions regarding health benefits pertaining to wheat based protein products consumption coupled with various regulatory bodies approval for major protein ingredients for use in the food industry is to result in high acceptance by end-use industries such as food and cosmetics.
However, Asia Pacific is estimated to outpace all the regions by clocking the highest CAGR of 6.05% during the forecast period 2021-2026 owing to the fact that Asian countries such as Japan, China, India and South Korea are undergoing growth in the sectors of healthcare, cosmetics and food at a regular basis which has therefore increased the domestic demand of such food itineraries in the region. Apart from this, there are several other factors which keeps on boosting the Asia-Pacific market for wheat protein as a whole.
Wheat Protein Market Drivers
Increase In Health- & Fitness-Conscious Consumers
The Wheat Protein market driver can be attributed to the increase in the working class is now resorting to purchasing food products that offer various nutritional and health benefits. In order to meet such demand, food manufacturers are using such functional ingredients in their food products such as wheat protein, the most common functional ingredients, containing all essential amino acids and nutritional ingredients required by the human body.
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Wheat Protein Market Challenges
Instances Of Gluten Intolerance And Gluten-Free Diets
The restraining factor that is to create a negative impact during the forecast period 2021-2026 is the rising instances of gluten intolerance and gluten-free diets which has led to some individuals experiencing discomfort in their stomach despite not having Celiac disease. This factor is acting as a major challenge for the growth of the Wheat Protein Market during the forecast period 2021-2026.
Wheat Protein Market Landscape
Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Wheat Protein market. In 2020, Wheat Protein market share is fragmented by the top ten players present in the market. The Wheat Protein market top 10 companies are ADM, Cargill, MGP Ingredients, Manildra Group, Grana, Roquette Frères., Tereos, CropEnergies AG, Crespel & Deiters, Kröner-Stärke, GLICO NUTRITION CO. LTD. and others.
Acquisitions/Product Launches
In September 2020, ADM launched Prolite MeatTEX textured wheat protein and Prolite MeatXT non-textured wheat protein, which contribute meat-like texture to meat and seafood alternative products. They have a clean taste, a blank-slate color base, and offer enhanced water absorption and hydration speeds.
In April 2020, MGP Ingredients launched the ProTerra line of textured proteins. ProTerra is especially suited for use in vegetarian/vegan applications as well as in blended products as an extension or partial substitute for meat.
Key Takeaways
In 2020, North America dominated the Wheat Protein Market owing to busy lifestyle and hectic work schedule mostly in the U.S. and Canada with the consumption of RTE products seeing an up-surge.
Growing awareness about the health among people and opting for food products that can provide multiple benefits are enhancing the growth of the Wheat Protein Market.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Wheat Protein Market report.
Rising concerns regarding gluten intolerance and gluten-free diets is set to create hurdles for the Wheat Protein Market.
Related Reports:
A. Protein Ingredients Market
https://www.industryarc.com/Report/7495/protein-ingredient-market.html
B. Plant Protein Ingredients Market
https://www.industryarc.com/Report/7491/plant-protein-ingredient-market.html
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