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Wheat Protein Market Overview, Share, Growth Drivers, Top Companies, and Revenue

The global wheat protein market is projected to grow from $2.5 billion in 2023 to $3.2 billion by 2028, with a compound annual growth rate (CAGR) of 4.9% during this period. Owing to the increase in demand for meat-free diets, rising obesity cases resulting in demand for low-calorie foods, and consumers seeking healthy foods. Wheat gluten, being rich in proteins, is a suitable option and has boosted the demand for it in the global wheat protein market.

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Wheat Protein Market Overview, Share, Growth Drivers, Top Companies, and Revenue

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  1. WheatProteinMarketOverview,Share,GrowthDrivers,TopCompanies,andRevenueForecastWheatProteinMarketOverview,Share,GrowthDrivers,TopCompanies,andRevenueForecast Theglobalwheat protein marketisprojectedtogrowfrom$2.5billionin2023to$3.2billionby2028,withacompoundannualgrowthrate(CAGR)of4.9%duringthisperiod.Owingtotheincreaseindemandformeat-freediets,risingobesitycasesresultingindemandforlow-caloriefoods,andconsumersseekinghealthyfoods.Wheatgluten,beingrichinproteins,isasuitableoptionandhasboostedthedemandforitintheglobalwheatproteinmarket. Opportunity:Growingroleofwheatproteininthepetindustry Thepetfoodmarketisdrivenbytwoprimarytrendsglobally.Thesetrendsarepremiumizationandhumanization.Thereisagrowingtrendofpethumanizationasa"familymember"amongowners.Duetothis,thereisariseinthedemandforpremiumpetfoodwithnutritionalbenefits,betterdigestibility,andimprovedingredientqualityforpets.Consideringthischanginghumantendency,themajorplayers,suchasCrespel&DeitersGroup(Germany),areofferingwheatproteinasaningredientthatcanbeincorporatedinpetfoodproducts. Indrydogfoodsandbiscuits,wheatisagrainthatprovideshigh-qualitycarbohydrates.Inadditiontogivingusenergyfordailytasks,italsogivesfoodtheabilitytobeprocessed.Wheatisamajorsourceofnutrientsandoffersawiderangeofadvantages.Wheat-basedproductsofferholistic,wheat-basedsolutionsforoptimizingpetfoodbecausetheyarerichinstarches,vitamins,minerals,traceelements,andfiber,whichaidintheformationofbalancedpetfoodproducts.

  2. DownloadPDFBrochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=67845768 Adoptionofplant-basedmeatsubstitutesisprojectedtodrivethedemandfortexturedwheatprotein Texturedwheatprotein,alsoknownaswheatmeat,wheatgluten,orseitan,isapopularplant-basedproteinsourceusedasameatsubstituteformanyyears.Astudypublishedinthejournal,Foods,in2021foundthatthedemandformeatsubstitutes,includingtexturedwheatprotein,isincreasingworldwideduetohealth,ethical,andenvironmentalconcernsassociatedwithmeatconsumption.In2019,asurveybytheInternationalFoodInformationCouncilfoundthat22%ofUSconsumersreportedconsumingplant-basedmeatsubstitutes,includingtexturedwheatprotein,atleastonceaweek. Therefore,thedemandfortexturedwheatproteinisincreasingglobally,drivenbyfactorssuchasthegrowingpopularityofplant-baseddietsandtheincreasingdemandforsustainableandethicalfoodproducts. Top Companies in the Wheat Protein Market ThekeyplayersinthismarketincludeADM(US),Cargill,Incorporated(US),Tereos(France),SüdzuckerAG(US),MGPIngredients(US),RoquetteFrères(France),GlicoNutritionFoodsCo.,Ltd.(Japan),KerryGroupPLC(Ireland),ManildraGroup(Australia),Kröner-Stärke(Germany),Crespel&DeitersGroup(Germany),BatoryFoods(US),AgridientB.V.(Netherlands),Tate&Lyle(UK),andTheScoularCompany(US). ADMisoneofthegloballeadersinthenutritionsegment.Thecompanyoperatesthroughfourmajorsegments:Agservicesandoilseeds,carbohydratesolutions,nutrition,etc.Itoffersitsplantproteinproducts,suchaswheatprotein,underthenutritionsegment,usedinfoodapplications,includingbakery,snacks,confectionery,andcooking.ADMproducesplant-basedproteinfromvarioussources,suchaspea,soy,andwheat,whichfindmanyapplicationsindairyandmeat-alternativeproductsandfeedproducts.ADMhasaglobalpresenceacrossNorthAmerica,SouthAmerica,Europe,Asia,Australia,andAfrica. Cargill,Incorporatedisaglobalconglomeratecateringtothedemandinvariousindustries.Thecompanycomprises75businessesclassifiedintofourkeysegments:agriculture,food,financialservices,andindustrialproducts.Itoffersplantprotein,suchaswheatproteinproducts,underitsfoodsegmenttomeetthedemandforfoodingredients.Thecompanyoperatesinaround70countries.Ithasanadditionalsalespresenceinnearly125countries.InJuly2019,withaUSD200millioninvestment,Cargillexpandedthevarietyofitsstarchesandsweetenersandexpandeditsproductlinewithwheat-basedingredientssuchaswheatprotein.ItmadetheinvestmentatitsGermanmanufacturingfacilityinKrefeld.TheinvestmentallowedCargilltodiversifyitsportfoliobyincludingspecialtystarchesandwheatproteins. MGPIngredientsisoneoftheleadingmanufacturersandsuppliersofpremiumdistilledspiritsandspecialtywheatproteinsandstarches.Thecompanyalso

  3. producesindustrialalcoholusedinbothfoodandnon-foodapplications.Itisthelargestsupplierofryewhisky,distilledgin,andspecialtywheatproteinsandstarchesintheUS.Thecompanyoperatesthroughtwosegments—distilleryproductsandingredientsolutions.ThecompanyhassalesoperationsintheUK,Japan,Thailand,Canada,andMexico.InApril2020,MGPIngredientslaunchedtheProTerralineoftexturedproteins.ProTerraisespeciallysuitedforuseinvegetarian/veganapplicationsaswellasinblendedproductsasanextensionorpartialsubstituteformeat.Thislaunchexpandeditsproductportfolio.producesindustrialalcoholusedinbothfoodandnon-foodapplications.Itisthelargestsupplierofryewhisky,distilledgin,andspecialtywheatproteinsandstarchesintheUS.Thecompanyoperatesthroughtwosegments—distilleryproductsandingredientsolutions.ThecompanyhassalesoperationsintheUK,Japan,Thailand,Canada,andMexico.InApril2020,MGPIngredientslaunchedtheProTerralineoftexturedproteins.ProTerraisespeciallysuitedforuseinvegetarian/veganapplicationsaswellasinblendedproductsasanextensionorpartialsubstituteformeat.Thislaunchexpandeditsproductportfolio. RequestSamplePages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=67845768 WheatProteinMarketSegmentation Thisresearchreportcategorizestheapplication,form,andregion. wheat protein market, based ontype, • ByApplication • Bakery&Snacks • Petfood • NutritionBars&Drinks • ProcessedMeat • MeatAnalogs • OtherApplications • ByForm • Dry • Liquid • ByProduct • WheatGluten • WheatProteinIsolate • TexturedWheatProtein • HydrolyzedWheatProtein • ByConcentration • 75% • 80% • 95% • ByRegion • NorthAmerica • Europe • AsiaPacific • RoW

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