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Wheat Protein Market Scope, Size, Leading Players, and Forecast to 2026

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Wheat Protein Market Scope, Size, Leading Players, and Forecast to 2026

January 16
20:44 2023
Wheat Protein Market Scope, Size, Leading Players, and Forecast to 2026
MarketsandMarkets™
The increase in R&D for plant-based protein, the growing vegan population, new product launches, and growing investments in the bakery industry are expected to drive the Wheat Protein market growth in the Asia Pacific region during the forecast period.

The global wheat protein market is projected to reach USD 3.1 billion by 2026, from USD 2.4 billion in 2021, at a CAGR of 5.0% during the forecast period. The market is driven by factors such as a shift in preference for plant-based protein foods, increased demand for meat-free diets, and growing incidence of lactose intolerance.

Wheat Protein Market Scope:

The global wheat protein market is expected to witness significant growth during the forecast period, owing to the increasing demand for plant-based protein sources and the growing awareness about the health benefits of wheat protein. Wheat protein is a type of plant-based protein that is derived from wheat and is a rich source of essential amino acids, vitamins, and minerals. It is widely used in various food and beverage applications, such as bakery products, meat alternatives, protein bars, and sports nutrition products.

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The rising demand for wheat protein in the food and beverage industry is expected to drive the market growth. The increasing popularity of vegan and vegetarian diets, as well as the growing awareness about the health benefits of wheat protein, are some of the key factors driving the demand for wheat protein. Additionally, the increasing use of wheat protein in various food and beverage applications, such as meat alternatives, protein bars, and sports nutrition products, is also expected to drive market growth.

The increasing use of wheat protein in the animal feed industry is also expected to drive market growth. Wheat protein is used as a source of protein in animal feed and is widely used in the poultry and aquaculture industries. The increasing demand for animal protein and the growing population are some of the key factors driving the demand for wheat protein in the animal feed industry.

The Asia Pacific region is expected to witness significant growth during the forecast period, owing to the increasing demand for wheat protein in countries such as China, India, and Japan. The growing population and the increasing awareness about the health benefits of wheat protein are some of the key factors driving the demand for wheat protein in the region.

The major players operating in the global wheat protein market include Archer Daniels Midland Company, DuPont, Cargill, Inc., and Roquette Frères S.A. These companies are focusing on strategic partnerships and collaborations to expand their market presence and increase their market share.

In conclusion, the global wheat protein market is expected to witness significant growth during the forecast period, owing to the increasing demand for plant-based protein sources and the growing awareness about the health benefits of wheat protein. The increasing use of wheat protein in the food and beverage industry, animal feed industry, and the Asia Pacific region are some of the key factors driving market growth.

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Leading Key Players:

This report includes a study of the marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as ADM (US), Cargill (US), Agrana (Austria), MGP Ingredients (US), Manildra Group (Australia), Roquette (France), Glico Nutrition (Japan), Crespel & Deiters (Germany), Kröner-Stärke (Germany), Tereos Syrol (France), CropEnergies (Germany), and Gluten y Almidones Industriales (Mexico), Batory Foods (US), Kerry Group (Ireland), BENEO (Germany), Agridient Inc (US), AMCO Proteins (US), Tate & Lyle (UK), and PureField Ingredients (US)

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