Market Insight
The global wheat protein market could demonstrate a robust CAGR of more than 4.9% during the forecast period (2017-2023), says Market Research Future (MRFR).
Market Boosters and Key Barriers
In the past couple of years, demand for wheat proteins has risen significantly with more people opting for meatless diets. Surge in consumption rate of wheat is the result of rising cases of cancer and osteoporosis. As meats have high content of toxins and saturated fat, their demand has gone down, giving rise to demand for wheat. Another factor bringing down meat’s consumption rate is its relation to reduced life expectancy and development of type 2 diabetes. As a result of these factors, health-conscious consumers are going for food items that have wheat proteins, a major factor stimulating market growth to a great extent.
Strong demand for wheat proteins in the cosmetic industry on account of the occurrence of glutens acting as an emulsifier, favors the market as well. Use of hydrolyzed wheat protein in cosmetic products including fillers, powders, and lipsticks, will also support wheat protein market growth.
Having said that, stunted health awareness in the developing nations could have a debilitating effect on the worldwide wheat proteins market. However, these developing countries could also have a positive impact on the market in the years ahead, owing to several expansion opportunities sensed by the manufacturers. On top of this, mounting awareness about various nutritional food and beverage products containing wheat proteins among consumers, mostly in the developing regions contribute significantly to the market.
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Market Segmentation
The worldwide market for wheat protein has been segmented on the basis of type, form, and application.
Type-based segments mentioned in the report include wheat gluten, wheat protein isolate, textured wheat protein, and others. Between these, the wheat gluten segment leads the market as a result of the increasing population of vegans and vegetarians across the globe.
Depending on the form, the wheat protein market can be broken down into dry and liquid. Among these, the dry form segment reigns over the market as the dry form of wheat protein offers enhanced stability as well as high shelf-life.
The various applications of wheat protein are in snacks, pet food, bakery and confectionery, processed meat, nutritional bars & drinks, and others. The bakery and confectionary segment holds the largest share in the market.
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Regional Aspect
The global wheat protein market is regionally segmented into Europe, North America, Asia Pacific, and the rest of the world (RoW).
North American leads the wheat protein market, with Europe coming in second. The main factors favoring market growth in North America include the rising demand for high protein food and beverage products. Canada will shine as the most profitable market in the region, with respect to product innovation associated with wheat protein. Furthermore, with the increasing vegetarian and vegan movements in the United States, the demand for wheat gluten protein could rise in the subsequent years.
Asia Pacific could expect to grow at the fastest rate as a result of the expanding population and the gradually improving economy. Evolving demographics in terms of consumer lifestyle, mounting awareness about low calorie and nutritional food and thriving food and beverage industry also benefit the market. Although the market notes healthy volume growth in the region, wheat protein struggles to capture substantial market share owing to robust demand for competitive products that do not contain gluten.
Europe ranks among the cream of the wheat protein market, due to the rise in research and development (R&D) for plant-based protein. The regional market also profits from the expanding vegan population, a flurry of product launches, and increasing investments in the bakery industry. The rising trend of pet humanization combined with the large-scale production of wheat in the region aids in market growth.
Prominent Companies
The top players in the worldwide wheat protein market are Manildra Group (Australia), Cargill Inc. (U.S.), Archer-Daniels-Midland Company (U.S.), MGP Ingredients, Inc. (U.S.), Tereos SA (France), Chamtor SA (France), Roquette Freres S.A. (France), Crespel & Deiters GmbH & Co. KG (Germany), Hermann Kroener GmbH (Germany), Permolex International L.P. (Canada), to name a few.
Recent Updates
July 2019
Cargill is planning to convert its production site in Germany from a corn to wheat processing plant, supported by an investment of USD 200 million. Reasons behind this is cited to be the constantly changing market in the form of increased demand for nutrition and packaging.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Market Overview:The global wheat protein market is growing due to increased demand for vegan food products.
From last few years companies are promoting the nutritional profiles of various wheat protein products along with their health benefits on social media and health magazines which has enhanced the knowledge and awareness about functional properties of wheat protein.
Moreover, the high nutritive value of wheat protein is propelling the market demand among the health conscious population.Market Forecast:Wheat protein is more cost effective than the animal protein which is gaining traction among the consumers globally.
Furthermore, shifting consumer preference towards vegan food ingredients, advancement in processing methods & technologies, and high opportunities in developing countries is positively supporting the growth of the global wheat protein market.However, wheat protein have been facing challenges due to the high availability of economical alternatives such as animal and dairy protein ingredients.
The global wheat protein market is expected to grow at a CAGR of 4.9% during the forecast period, 2017-2023.
Access Report Deatails @ https://www.marketresearchfuture.com/reports/wheat-protein-market-5444Downstream analysisThe global wheat protein market is segmented into type, form, and application.On the basis of the type, it is segmented into wheat gluten, wheat protein isolate, textured wheat protein, and others.
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According to the recent report published by Research Corridor, the Global Pea Starch Market is expected to provide sustainable growth opportunities during the forecast period from 2020 to 2027.
The report titled "Pea Starch Market - Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast - 2020 – 2027" offers a holistic view of the Pea Starch industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others.
Furthermore, the report includes detailed quantitative and qualitative analysis of the global Pea Starch market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
Browse Full report on Global Pea Starch Market report at: https://www.researchcorridor.com/pea-starch-market/ The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others.
Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
Pea Starch Market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis.
Market Synopsis:Market Research Future (MRFR) has published detailed report asserting that the global pea starch market size is marked to expand remarkably at a CAGR of 11.3% during the forecast period of 2018-2023 and reach the valuation of USD 165.2 Mn by the end of the forecast period form USD 86.5 Mn in 2017.
High starch content of about 40% makes peas a rich source of natural starch.
Hence, rise in popularity of the concept of dieting in order to maintain a healthy lifestyle is fueling the expansion of the global pea starch market size.
However, allergic reaction caused by peas are likely to act as restraining factor on the expansion of teh global pea starch market size during the forecast period.Access Full Report Details @ https://www.marketresearchfuture.com/reports/pea-starch-market-6736Key Players:The key players operating in the global pea starch market size are Emsland Group, Roquette Freres, Vestkorn Milling AS, Cosucra Groupe Warconing SA, Shandong Jianyuan Group, Meelunie B.V., Parrish And Heimbecker, ltd., Axiom Foods, Puris Foods, Yantai Oriental Protein Tech co., ltd., The Scoular Company, Inc., AGT Food and Ingredients, Felleskjøpet Rogaland Agder, Dakota Dry Bean and Qingdao CBH Co., Ltd.
The players in the global pea starch market size are aiming towards the expansion of their businesses through strategic mergers and acquisitions, which are also aiding them for sustaining the competitive environment of the global pea starch market size.
The industrial segment is forecasted to be the fastest growing segment in the global pea starch market owing to the increasing demand for pea starch in various end-use industries.
Modified Starch - MARKET ADVISORY SERVICES
Global Modified Starch Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Modified Starch industry.
Companies are invest more in R for the development of effective water soluble modified starches, resulting in dynamic market conditions.
As a result, companies have increased their presence across the value chain by integrating and diversifying their product portfolio.
The global market size of Modified Starch is size is expected to reach USD 15.36 billion by 2025 expanding at a CAGR of 5.7%.
The key insights of the report:
