According to the report titled ‘Wheat Protein Market Size By Product (Wheat Gluten, Wheat Protein Isolate, Textured Wheat, Hydrolyzed Wheat Protein), By Application (Animal feed, Bakery & confectionary, Nutrition Supplements, Dairy Products, Cosmetics & Personal Care), By Form (Dry, Liquid), By Concentration (75%, 85%, 95%), Industry Analysis Report, Regional Outlook, Growth Potential, Covid-19 Impact Analysis, Price Trend, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, worldwide wheat protein market is predicted to witness significant growth during the forecast period 2021-2027.

 

Rising popularity of vegan diet culture around the world, increasing cases of metabolic & lifestyle diseases such as arthritis, high blood pressure, and diabetes, alongside shift in consumer preference for healthier alternatives such as plant-based food and supplements are the prominent factors driving the growth of global wheat protein market.

 

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Also, numerous initiatives undertaken by major players such as research & development activities, new product launches, and collaborations are impelling the industry share.

 

In terms of application scope, dairy products segment is projected to expand steadily during the forecast period, owing to increased awareness of the product's nutritional benefits.

 

Based on concentration, the 95% concentration segment of worldwide wheat protein market is slated to witness sluggish growth through 2027, due to increased costs of production. Wheat protein with very high concentration finds use solely in niche applications, which is responsible for restrained segmental growth. 

 

From the regional standpoint, Middle East & Africa industry share is poised to increase significantly over the forecast timeline, attributed to high sophistication in food & beverage industries. Furthermore, prevalence of vital vitamins and minerals deficiency in youngsters has created a high demand for functional ingredients and nutritional components in a variety of food products, which is estimated to push wheat protein uptake in the region in the future years.

 

The competitive landscape of global wheat protein market is defined by companies like MGP Ingredients Inc., BASF SE, Agridient Inc., Roquette Frères, The Agrana Group, Cargill Inc., Anhui Reapsun Food Co. Ltd., The Manildra Group, Glico Nutrition, Crop Energies AG, Tereos Syrol, and Kerry Group plc among others.