Wheat is a cereal grain widely cultivated and consumed across the globe as a staple food, due to its high nutritional content. Wheat is considered as a high source of vegetable protein, having a protein content of 13%, which is relatively high as compared to other major cereals. Proteins extracted from wheat grains are referred to as wheat proteins Market. Numerous functions such as foaming, whipping, tenderizing, etc. are performed for extraction of wheat proteins from wheat grains. The proteins obtained are referred to as prolamins, due to high presence of proline, glutamine and amino acids.
Increasing incidence of obesity across the globe, growing preference for healthy foods, and increasing preference for meat free diets among individuals in developed and developing economies are major factors boosting growth of the global market. Also, increasing number of end-use applications for wheat proteins and preference for wheat proteins by sports athletes are other factors anticipated to fuel growth of the global wheat protein market to a significant extent. But, limited availability of wheat grains for protein extraction and continuous change in cereal prices are factors limiting growth of the global wheat protein market. Moreover, high gluten content in wheat, which is known to cause major health problems in individuals is another factor hampering growth of the global market to a significant extent.
Rising demand for wheat protein from the cosmetic industry especially in emerging economies, owing to high gluten content that is used as an emulsifier is another factor projected to significantly boost the global wheat protein market over the forecast period.
The global wheat protein market report has been segmented on the basis of product, application, and region. On the basis of product, the global market is segmented into wheat gluten, wheat protein isolate, textured wheat protein, and hydrolyzed wheat protein. On the basis of application into bakery & snacks, animal feed, nutritional supplements, processed meat, and others. On the basis of region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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The market in North America accounted for highest share in the global market in revenue terms, owing to growing preference for healthy plant-based foods and increasing consumption of nutritional supplements in countries in the region. The Asia Pacific market is projected to register highest CAGR of X.X%, over the forecast period. This can be attributed to increasing preference for plant-based cosmetic products, rise in standard of living, and increase in disposable income among individuals in countries in the region. Furthermore, the markets in Europe and Latin America are also projected to witness significant growth over the forecast period.
Prominent players in the global wheat protein market include The Archer Daniels Midland Company, Cargill Inc., MGP Ingredients, Inc., The Manildra Group, The Agrana Group, Roquette, Tereos Syral s.a.s., CropEnergies AG, Crespel & Deiters GmbH & Co.KG, and Kröner-Stärke.