Global Wheat Protein Market - Growth, Trends, and Forecast (2022 - 2030)
Market Insights
The global wheat protein market was valued at USD 1.6 billion in 2016 and is expected to reach USD 2.2 million by 2023 at a CAGR of 5.4% during 2018–2023. The growing consumer preference for meatless diets, is a major factor for wheat protein market growth in the future. High consumption of meat is expected to cause various health issues. Over time, various studies have been published regarding the ill effects of consumption of meat. A study published in Harvard School of Public Health found meat consumption exponentially increased the risk of a shortened lifespan. According to another study published by JAMA Internal Medicine, overtime meat consumption increases the risk of developing type 2 diabetes.
“HIGHER MEATLESS DIETS CONSUMPTION SCENARIO = HIGHER WHEAT PROTEIN DEMAND”
Growing Significance for Nutrition and Weight Management
Weight management has always been a problem among the population, but over the years it has turned into an epidemic. The level of obesity has doubled globally since 1980. In 2014 more than 1.9 billion adults were overweight and about 600 million were obese. In 2014, 41 million children under the age of 5 had a significant need for proper nutrition and Weight Management. This has immense scope in the future as most of the population is changing to a healthier lifestyle and consuming food with proper nutrition and managing weight are the key attribute to have this lifestyle. These market trends will positively impact the global wheat protein market.
Developing Economies - Future of the Global Wheat Protein Industry
North America accounts for the major market share in the global wheat protein market, with the United States being its largest market, due to the increasing demand for sports and nutritional foods. Europe follows owing to the rising health concerns among consumers and demand for meat-free foods. Asia-Pacific region is emerging with a pool of opportunities due to its rising population and high demand for nutritional foods.
Key Developments
• January 2018 - Cargill announced that it will convert its Krefeld facility in Germany from a corn to wheat processing facility as a part of the new strategy to produce new forms of packaging, sustainable fuels, and new food products.
• January 2018 - Cargill invested in plant protein facility forming a joint venture agreement with Puris.
• November 2017 - Archer Daniels Midland Company expanded its product portfolio with the addition of a range of wheat protein concentrates.
Major players - ADM, AGRIDIENT, AMILINA, ANHUI REAPSUN FOOD, CARGILL, CHAMTOR, CRESPEL & DEITERS GMBH, CROP ENERGIES, DENGFENG GRAINERGY AGRICULTURAL DEVELOPMENT, JAECKERING, KROENER STAERKE, MANILDRA GROUP, among others.
Reasons to Purchase this Report
• Analyzing outlook of the market with the recent trends and Porters five forces analysis
• Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
• Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
The global wheat protein market was valued at USD 1.6 billion in 2016 and is expected to reach USD 2.2 million by 2023 at a CAGR of 5.4% during 2018–2023. The growing consumer preference for meatless diets, is a major factor for wheat protein market growth in the future. High consumption of meat is expected to cause various health issues. Over time, various studies have been published regarding the ill effects of consumption of meat. A study published in Harvard School of Public Health found meat consumption exponentially increased the risk of a shortened lifespan. According to another study published by JAMA Internal Medicine, overtime meat consumption increases the risk of developing type 2 diabetes.
“HIGHER MEATLESS DIETS CONSUMPTION SCENARIO = HIGHER WHEAT PROTEIN DEMAND”
Growing Significance for Nutrition and Weight Management
Weight management has always been a problem among the population, but over the years it has turned into an epidemic. The level of obesity has doubled globally since 1980. In 2014 more than 1.9 billion adults were overweight and about 600 million were obese. In 2014, 41 million children under the age of 5 had a significant need for proper nutrition and Weight Management. This has immense scope in the future as most of the population is changing to a healthier lifestyle and consuming food with proper nutrition and managing weight are the key attribute to have this lifestyle. These market trends will positively impact the global wheat protein market.
Developing Economies - Future of the Global Wheat Protein Industry
North America accounts for the major market share in the global wheat protein market, with the United States being its largest market, due to the increasing demand for sports and nutritional foods. Europe follows owing to the rising health concerns among consumers and demand for meat-free foods. Asia-Pacific region is emerging with a pool of opportunities due to its rising population and high demand for nutritional foods.
Key Developments
• January 2018 - Cargill announced that it will convert its Krefeld facility in Germany from a corn to wheat processing facility as a part of the new strategy to produce new forms of packaging, sustainable fuels, and new food products.
• January 2018 - Cargill invested in plant protein facility forming a joint venture agreement with Puris.
• November 2017 - Archer Daniels Midland Company expanded its product portfolio with the addition of a range of wheat protein concentrates.
Major players - ADM, AGRIDIENT, AMILINA, ANHUI REAPSUN FOOD, CARGILL, CHAMTOR, CRESPEL & DEITERS GMBH, CROP ENERGIES, DENGFENG GRAINERGY AGRICULTURAL DEVELOPMENT, JAECKERING, KROENER STAERKE, MANILDRA GROUP, among others.
Reasons to Purchase this Report
• Analyzing outlook of the market with the recent trends and Porters five forces analysis
• Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
• Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
Frequently Asked Questions
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