The global wheat protein market is expected to grow at a (CAGR) of 4.7% from 2022 to 2028, reaching a value of US$ 7.8 billion by 2028. Wheat protein is a plant-based protein derived from wheat endosperm. It is a complete protein, meaning that it contains all nine essential amino acids that the body cannot produce on its own. Wheat protein is also a good source of dietary fiber and other nutrients.
Wheat protein is used in a wide variety of food and beverage applications, including bakery products, pasta, meat alternatives, dairy products, and sports nutrition supplements. It is also used in non-food applications, such as cosmetics, animal feed, and adhesives.
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Wheat proteins are mostly produced from plants and are obtained through the processing of wheat using a range of enzymes. These are insoluble functional proteins that have unique visco-elastic characteristics that add elasticity and extensibility to a final product. It is believed that the proteins are a good alternative to protein derived from animals. They are widely used in many end-use industries, including as animal feed, bakery and confectionery, cosmetics and personal care, and nutritional supplements.
- Increasing demand for plant-based proteins: Consumers are increasingly seeking out plant-based proteins, due to health concerns, environmental concerns, and ethical concerns. Wheat protein is a popular choice for plant-based proteins, due to its high nutritional value and its versatility.
- Growing food and beverage industry: The global food and beverage industry is growing rapidly, and this is driving demand for wheat protein. Wheat protein is used in a wide variety of food and beverage products, including bakery products, pasta, meat alternatives, dairy products, and sports nutrition supplements.
- Rising disposable incomes: Rising disposable incomes in developing countries are leading to increased demand for premium food and beverage products. Wheat protein is a high-value ingredient, and it is used in many premium food and beverage products.
Key Takeaways:
- The global wheat protein market is expected to grow at a (CAGR) of 4.7% from 2022 to 2028, reaching a value of US$ 7.8 billion by 2028.
- The market growth is attributed to the rising demand for plant-based protein products and the increasing awareness of the health benefits of wheat protein.
- The North American region is expected to dominate the global wheat protein market over the forecast period, followed by Europe and Asia Pacific.
Key Players:
Some of the key players in the global wheat protein market include:
- Archer Daniels Midland Company (ADM)
- Cargill, Incorporated
- Conagra Brands, Inc.
- Ingredion Incorporated
- Kerry Group plc.
- Roquette Frères S.A.
- Tate & Lyle PLC
- Unilever PLC
Market Segmentation:
The global wheat protein market can be segmented by type, form, concentration, application, and region.
Type:
- Wheat protein isolate (WPI)
- Wheat gluten
- Hydrolyzed wheat protein
- Textured wheat protein
Form:
- Dry
- Liquid
Concentration:
- 75%
- 85%
- 95%
Application:
- Food and beverage
- Animal feed
- Cosmetics and personal care
- Nutrition supplements
- Dairy products
- Others
Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa