[Research Report] The wheat protein market was valued at US$ 4,083.05 million in 2021 and is projected to reach US$ 4,788.49 million by 2028; it is expected to grow at a CAGR of 2.3% from 2021 to 2028.
Wheat proteins are plant-based proteins primarily obtained by processing wheat using different enzymes. They are insoluble functional proteins that possess unique visco-elastic characteristics and offer elasticity and extensibility to a final product. The proteins are considered a viable alternative for animal-based protein. They are widely used across several end-use industries, such as bakeries & confectionery, cosmetics & personal care, animal feed, and nutrition supplements.
In 2020, Europe held the largest revenue share of the global wheat protein market. The European market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Rising health awareness among consumers propels the demand for numerous plant protein products, such as soy, wheat, and oat. The popularity of the wheat protein has increased across the region, particularly in Germany, France, and the UK. Europeans are increasingly adopting the flexitarian diet, i.e., replacing part or most of their meat consumption with alternative protein food. These factors drive the demand for wheat protein products in Europe.
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Wheat Protein Market: Strategic Insights
Market Size Value in US$ 4,083.05 million in 2021 Market Size Value by US$ 4,788.49 million by 2028 Growth rate CAGR of 2.3% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Wheat Protein Market: Strategic Insights
| Market Size Value in | US$ 4,083.05 million in 2021 |
| Market Size Value by | US$ 4,788.49 million by 2028 |
| Growth rate | CAGR of 2.3% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Many industries, such as the food & beverage industry, faced unprecedented challenges due to the COVID-19 pandemic. Due to shortage in raw material supply, the shutdown of factories, shortage of labor, and other difficulties in operations under COVID-19 safety protocols, companies involved in the manufacturing of wheat protein faced difficulties during the initial months of the pandemic. The food & beverage sector is the bulk consumer of wheat protein and the ongoing COVID-19 pandemic has negatively influenced the demand for wheat protein. Food and beverage products, such as bakery products, confectionery items, and dairy products, are being pushed back as the supermarkets have reallocated stock priorities toward staples and essential supplies due to the outbreak. However, as the economies are reviving their operations, the demand for wheat protein is anticipated to surge worldwide in the coming months. The COVID-19 pandemic has led to a raised demand for healthy and functional bakery products, which is expected to fuel the growth of the wheat protein market in the coming years.
Geographic Overview of Wheat Protein Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Increasing Demand for Natural and Organic Ingredients
The importance of organic food items has been understood in the wake of alarming health issues, coupled with rising consciousness about organic certifications and growing preference for high-quality food items. Nowadays, consumers are looking for natural, clean, and simple ingredients with proper labels, which could effectively convey their contents, quality, and intent of the product use. Further, they are largely dependent on organic and natural food products. For instance, the consumption of organic wheat protein has been extensively rising in diverse application sectors, such as food & beverages, and animal and aqua feed. Thus, the manufacturers of wheat protein are focusing on developing and marketing organic wheat protein.
Product Insights
Based on product, the global wheat protein market is segmented into wheat gluten, wheat protein isolates, textured wheat protein, and hydrolyzed wheat protein. In 2020, the wheat gluten segment accounted for the largest revenue share. Vital wheat gluten is used as an additive in baking. It adds elasticity to flours, which would otherwise be low in gluten, such as whole wheat flour or rye. Wheat gluten also improves the rise of the raw dough and enhances the texture and chewiness of the final product.
Form Insights
The wheat protein market, by form, is bifurcated into dry and liquid. In 2020, the dry segment accounted for a larger revenue share. A few of the dry wheat protein properties are high solubility in the water with any pH value, water binding and emulsifying, low viscosity, and acidic and thermal stability. The dry wheat protein is increasingly used in bakeries, pet food, nutritional bars, processed meat, and meat analogs. Thus, the wide applications in the food industry are bolstering the market growth for the dry segment.
Application Insights
The wheat protein market, by application, is segmented into bakery & snacks, pet food, nutritional bars & drinks, processed meat, meat analogs, and others. In 2020, the bakery and snacks segment accounted for the largest revenue share. Numerous bakery products, such as rolls, bread, cookies, pastries, pies, and muffins, are popular among consumers. Wheat proteins are among the common ingredients that optimize dough behavior and enhance the nutritional properties of end products. The increasing demand for wheat protein in the bakery & snacks industry and the trend of the clean label are creating ample opportunities for the players operating in the wheat protein market worldwide.
Global Wheat Protein Market, by Form – 2020 and 2028
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Archer Daniels Midland Company; Roquette Frères; Glico Nutrition Co., Ltd; Kröner-Stärke GmbH; Cargill, Incorporated; Crespel & Deiters GmbH & Co. KG; CropEnergies AG; Manildra Group; MGP Ingredients Inc.; and Tereos Group are a few well-established players in the global wheat protein market. Companies in the market are adopting various strategies, such as product developments, plant expansions, and mergers and acquisitions, to expand their footprint worldwide and meet the growing demand from end-users. For instance, in 2020, Archer Daniels Midland Company developed new products. The products contain Arcon T textured pea proteins, Prolite MeatTEX textured wheat protein, and Prolite MeatXT non-textured wheat protein.
Report Spotlights
- Progressive industry trends in the global wheat protein market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the global wheat protein market from 2019 to 2028
- Estimation of the demand for wheat protein across various industries
- Recent developments to understand the competitive market scenario and the demand for wheat protein
- Market trends and outlook coupled with factors driving and restraining the growth of the wheat protein market
- Decision-making process by understanding strategies that underpin commercial interest with regard to the global wheat protein market growth
- Wheat protein market size at various nodes of the market
- Detailed overview and segmentation of the global wheat protein market as well as its dynamics in the industry
- Wheat protein market size in various regions with promising growth opportunitiez
Wheat Protein Market, by
- Product
- Wheat Gluten
- Wheat Protein Isolates
- Textured Wheat Protein
- Hydrolyzed Wheat Protein
Wheat Protein Market, by Form
- Dry
- Liquid
Wheat Protein Market, by Application
- Bakery & Snacks
- Pet Food
- Nutritional Bars & Drinks
- Processed Meat
- Meat Analogs
- Others
Company Profiles
- Archer Daniels Midland Company
- Roquette Frères
- Glico Nutrition Co.,Ltd
- Kröner-Stärke GmbH
- Cargill, Incorporated
- Crespel & Deiters GmbH & Co. KG
- CropEnergies AG
- Manildra Group
- MGP Ingredients Inc.
- Tereos Group
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Form, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Based on application, bakery & snacks segment accounted for the largest share in the global wheat protein market in 2020. The growth is attributed to rapidly evolving consumer preferences, greater demand for indulgence foods, increasing health consciousness among consumers. Wheat protein is a crucial source of high-protein, low-carb, and high-fibre, essential for producing bakery & snack products.
Based on form, the dry segment accounted for the largest share in the global wheat protein market. Dry wheat proteins are made from vital wheat gluten and are soluble in water. The dry wheat protein is increasingly used in bakeries, pet food, nutritional bars, processed meat, and meat analogs. Thus, the wide applications in the food industry are bolstering the dry segment growth.
On the basis of product, the textured wheat protein segment led the global wheat protein market in 2020. Textured wheat protein products have broader applications, as a protein enrichment in baked goods, as a meat extension in meat products, for goulash, pulled products, for toppings, for a firm bite in burgers and fillings, as a meat extension in nuggets, and meat emulsions & raw sausages. Due to the wider application of textured wheat protein products, the market for wheat protein is blooming at a rapid pace.
The major players operating in the global wheat protein market are Archer Daniels Midland Company; Roquette Frères; Glico Nutrition Co.,Ltd; Kröner-Stärke GmbH; Cargill, Incorporated; Crespel & Deiters GmbH & Co. KG; Croproteinses AG; Manildra Group; MGP Ingredients Inc.; and Tereos Group
During the forecast period, Europe is anticipated to account for the largest share of the global wheat protein market. With rising health awareness among consumers, the demand for plant protein products, including soy, wheat, oat, and others, is expected to continue growing during the projected period. The popularity of the wheat protein has increased within the region, particularly in Germany, France, and the UK. Europeans are increasingly adopting the flexitarian diet, i.e., replacing part or most of their meat consumption with alternative protein food. Also, government support is driving the growth of this market.
Rising application of wheat protein in several end-user industries is one of the key factors for the growth of the global wheat protein market. The change in consumer preference toward ready-to-eat foodstuffs has augmented the demand for bakery products, thereby influencing the growth of the wheat protein market. Further, increasing demand for premium pet food products from developing and developed countries, growing demand for natural and organic ingredients, and rising demand for meat analogs are the other factors driving the wheat protein market.
The List of Companies - Wheat Protein Market
- Archer Daniels Midland Company
- Roquette Frères
- Glico Nutrition Co.,Ltd
- Kröner-Stärke GmbH
- Cargill, Incorporated
- Crespel & Deiters GmbH & Co. KG
- CropEnergies AG
- Manildra Group
- MGP Ingredients Inc.
- Tereos Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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