Wheat Protein Market: Europe will Remain Most Lucrative Market for Wheat Protein: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2026)
- REP-GB-6395
- 2018-02-26
- 170 Pages
- Format:
- Category: Food and Beverages
Rising consumer inclination toward meat-free diets is likely to remain a major factor driving adoption of plant-derived protein such as wheat protein. Wheat protein has sought extensive applications in various industrial sectors on the back of its numerous functions such as structure enhancement, tenderizing, dough conditioning, adhesion, aeration, whipping, foaming, and film formation.
Adoption of Wheat Protein to be driven by Growing Prevalence of Obesity & Diabetes
Growing health concerns among consumers is expected to spur demand for wheat protein as they provide high nutritional value in foods. Rising prevalence of obesity and diabetes have further proliferated adoption as wheat protein are low in calorie content, which in turn enables regulation of weight and blood-glucose level. Presence of gluten in wheat protein that acts as an emulsifier has led its adoption in the cosmetics industry. Wheat protein has also witnessed tremendous adoption among sportsmen and gym-obsessed individuals as a means to gain muscles and enhance strength. Growing application of wheat protein as additives in animal feed will further augment its demand around the world in the upcoming years.
However, there has been a restriction in supply of wheat for protein extraction since the recent past. In addition, as wheat protein comprises gluten, which can cause various diseases among consumers, its demand will witness hindrances. Surging costs of wheat having high protein content is further expected to confine adoption in the near future.
According to a new report published by Future Market Insights, the global wheat protein market is set to exhibit a moderate growth over the forecast period (2017-2026). Revenues from global sales of wheat protein are likely to close in roughly US$ 4,000 Mn by 2026-end.
Europe to Prevail as Most Remunerative Market for Wheat Protein
In terms of revenues, Europe is expected to prevail as the most remunerative market for wheat protein, mainly driven by significant demand from health- and fitness-conscious consumers in the region. In addition, demand for bakery products and snacks with nutritional supplements, wherein wheat protein seek immense adoption, has witnessed a tremendous surge in Europe. Wheat protein producing companies in Europe are focusing on developing consumer requirement-specific products such as saturated fat & cholesterol-free products.
Asia-Pacific excluding Japan (APEJ) is set to register the fastest expansion in the market through 2026. Growth of the market in APEJ will be driven by population expansion coupled with increasing awareness about healthy foods and improving consumer lifestyle. With India and China being among the few major producers of wheat, and growing food & beverage and healthcare industries, demand for wheat protein is set to witness acceleration in APEJ.
Wheat Gluten to Remain Largest Revenue Contributor to the Market
Among various product variants of wheat protein, wheat gluten is likely to remain largest revenue contributor to the market. Wheat gluten finds huge application in hair care products, dermatology products, and cosmetics, which are in high demand worldwide. However, demand for wheat gluten will witness a significant decline in the upcoming years as consumers across the globe are now preferring gluten-free diets.
Nutrition supplements and bakery & confectionary will continue to lead the global wheat protein market, in terms of revenues. Dry form of wheat protein will remain sought-after among end-use industries.
Competition Tracking
The global market for wheat protein is highly concentrated and competitive in nature. Leading manufacturers of wheat protein are focusing on the development of innovative products in a bid to enhance their portfolios. Frequent mergers & acquisitions and new product launches by major industries in an attempt to gain a competitive edge and diversify their product portfolio will further augment growth of the wheat protein market globally. Key market players profiled by the report include Archer Daniels Midland, Agridient, Manildra Group, Roquette, Kröner-Stärke, Crespel & Deiters, Cargill, MGP Ingredients, Agrana, Glico Nutrition, Tereos, and Cropenergies.
Driven by factors such as surging consumer preference for nutritional benefits & meat analogs, soaring bakery industry, and growing applications of wheat protein across a diverse range of industries, demand for wheat protein has been on the rise. Adoption of wheat protein is also expected to be fuelled by high consumption of plant-based protein on the back of diseases such as obesity and diabetes. Manufacturers are focusing on the development of numerous plant-based protein sources that act as efficient alternatives to animal-based products, and wheat protein has emerged as one of the most lucrative solutions. However, rising debate on gluten-free diets and gluten-intolerance will hamper adoption of wheat protein.
A new report of Future Market Insights, titled “Wheat Protein Market: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2026)” offers forecast & analysis on the wheat protein market on a global level. The report delivers actual data related to the market for the historical period (2012-2016) along with an estimated intelligence on the market for the forecast period (2017-2026). The information is presented on the basis of value (US$ Mn). Macroeconomic indicators coupled with an outlook on the wheat protein demand pattern around the world have also been encompassed by the report. The report further imparts key drivers and restraints for the global wheat protein market, and their impact on regional segments included over the forecast period.
Report Structure
The executive summary chapter, which initiates the report, offers key market dynamics and numbers associated with the global wheat protein market, along with key research findings related to the market segments comprised. The market numbers included in this chapter are a blend of compound annual growth rates, market shares, revenues, and volume sales. A concise introduction to the wheat protein market is offered in the chapter succeeding the executive summary, along with a formal definition of “wheat protein”. Elaboration of the market dynamics that include future prospects, growth limitations and drivers, and trends has been delivered in the chapters subsequent to the overview. These chapters also inundate insights apropos to bottom line of enterprises in detail, along with the fiscal stimulus and the global economy.
Market Taxonomy
Forecasts on the global wheat protein market have also been delivered in chapters propounding a segmentation analysis. The report has categorized the global wheat protein market on the basis of application, form, product type, and region. A comparative analysis has been offered on the market segments with regard to year-on-year growth, revenues, and market share. The market numbers relevant to this comparative analysis have also been delivered in these chapters. Regionally, the global market for wheat protein has been branched into Middle East & Africa, Asia-Pacific excluding Japan, Japan, Europe, Latin America, and North America.
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Competition Landscape
A complete package of intelligence on leading participants supporting expansion of the global wheat protein market has been offered in the concluding chapter of this analytical research report. This chapter elucidates the competition landscape of the global market for wheat protein, providing information on key strategy implementations of the market players, their product overview, key development, company overview, and key financials. A SWOT analysis on each market players has been provided in this chapter of the report. Additionally, the geographical spread of the market players included, along with their future growth plans, intended mergers & acquisitions, overall revenues, and market shares are elaborated in detail in this chapter. The report has employed an intensity map for portraying key market players located across geographies.