The Business Research Company's Wheat Protein Global Market Report 2023 identifies substitutes for animal protein and dairy products as the major driver for the Wheat Protein market's growth in the forecast period. The popularity of vegan protein sources and the wide availability of vegan proteins in retail and food stores around the world make it an easy alternative for customers to choose plant-based proteins instead of animal-based, which has led to a shift of consumers from animal products to plant products
The global wheat protein market size grew from $3.08 billion in 2022 to $3.29 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The wheat protein market size is expected to grow to $4.12 billion in 2027 at a CAGR of 5.8%.
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Major competitors in the Wheat Protein market are ADM (Archer Daniels Midland ), Cargill, Agrana, MGP Ingredients, Roquette, Glico Nutrition, Tereos Syrol, Agridient, Manildra Group, Crop Energies, Kröner-Stärke, Crespel and Deiters GmbH, AB Amilina, Xi'an Sheerherb Biotechnology Co., BASF SE, Kerry Inc., Permolex, Chamtor, Sedamyl, Royal Ingredients Group, Meelunie B.V., Bryan W Nash & Sons, and Aminola
A key trend in the Wheat Protein market includes Strategic partnerships have emerged. Major companies operating in the wheat protein sector are focused on partnerships to meet consumer demand.
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The Wheat Protein market is segmented -
1) By Product Type: Gluten, Protein Isolate, Textured Protein, Hydrolyzed Protein, Other Product Types
2) By Form: Dry, Liquid
3) By Nature: Organic, Conventional
4) By Application: Dairy, Bakery and Snacks, Animal Feed, Confectionary, Processed Meat, Nutritional Supplements, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Wheat Protein market.
The Business Research Company's "Global Wheat Protein Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
The Table Of Content For The Wheat Protein Market Include:
1. Executive Summary
2. Wheat Protein Market Characteristics
3. Wheat Protein Market Trends And Strategies
4. Wheat Protein - Macro Economic Scenario
5. Wheat Protein Market Size And Growth
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26. Africa Wheat Protein Market
27. Wheat Protein Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wheat Protein Market
29. Wheat Protein Market Future Outlook and Potential Analysis
30. Appendix