According to a recent report by Future Market Insights, a market research and competitive intelligence provider, The global wheat protein market is expected to be worth USD 3.3 billion in 2022, increasing at a CAGR of 4.8 percent to USD 5.1 billion by 2032.
Wheat may become more appealing in ruminant diets as commodity prices fluctuate, replacing a part of corn and barley in rations. Great protein wheat lines with high yielding potential are available. Wheat contains more protein than other typical feed grains like corn, barley, and oats.
Wheat proteins are one of the most important constituents in a variety of cosmetic compositions. Wheat proteins are used in a variety of hair-care and skincare products. Wheat proteins are prized in cosmetic formulations for their film-forming and moisturizing abilities. They’re commonly used in hair care formulas to increase hair quality by providing moisture and binding protection.
Wheat protein aids in the development of strong muscles, which is one of its key advantages. Wheat protein isolate is an excellent bodybuilding supplement. Wheat protein isolate aids in muscle growth, reduces muscle breakdown, promotes muscle protein synthesis, improves workout strength, and most importantly, regulates appetite. Wheat protein isolate aids in the simulation of increased insulin levels, which is important for athlete performance during sports training.
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Key Takeaways from Market Study
- The wheat protein market in the Asia Pacific (APAC) also shows signs of opportunistic expansion. The rapid expansion of the bakery & confectionery industry, as well as the dietary supplement market, has aided the growth of this regional market.
- Europe continues to attract considerable investments from stakeholders, accounting for nearly 2/5th of overall sales. According to research, European countries, mainly Russia, France, Sweden, and Germany, produce roughly250% of the world’s wheat. This is once again a driving force in the European wheat protein market.
- As part of their promotional efforts, manufacturers should use a variety of media, such as periodicals and web portals. Furthermore, sales in the bread and confectionery industry, which now hold a 23 percent market share, will increase.
- Wheat protein powder sales in the cosmetics and personal care business are being boosted by regulatory permits for the use of wheat proteins in cosmetics, as well as a growing preference for organic cosmetics.
- “Wheat gluten consumption is expected to continue high through 2027, owing to its diverse nutritional profile and several health advantages. While developed countries will continue to be the primary consumers of wheat gluten, wheat gluten makers will earn more than USD 0.3 billion by the end of 2022.”says a lead analyst at Future Market Insights.
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Who is Winning?
In order to provide unique offerings, bakery product makers favour wheat protein over dairy and meat proteins. The rise of the worldwide wheat protein market will be aided by this, as well as significant investments and ongoing mergers by major market players.
With the help of acquisitions and new product innovations, major firms like Archer Daniels Midland Company and Cargill are focusing on addressing consumer demands for cholesterol-free and lower saturated fat products. Archer Daniels Midland Company, for example, announced plans to buy Chamtor, a maker of wheat-based sweeteners and starches, in 2017.
Some of the leading companies offering wheat protein are Archer Daniels Midland Company, Cargill, Inc., Agridient B.V., MGP Ingredients, Inc., Manildra Group, Roquette Frères SA, Glico Nutrition Co. Ltd., Kröner-Stärke GmbH, Tereos SA, Crespel & Deiters GmbH & Co. KG.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the wheat protein market presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
Product:
- Wheat Gluten
- Wheat Protein Isolate
- Hydrolyzed Wheat Protein
- Textured Wheat Protein
For:
- Dry
- Liquid
Application:
- Animal Feed
- Bakery & Confectionary
- Nutrition Supplements
- Dairy Products
- Cosmetics and Personal Care
- Other Applications
Region:
- North America
- Latin America
- Europe
- APEJ
- Japan
- MEA
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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