Global Wheat Gluten Market set to touch USD 2.10 billion by 2021 with a CAGR of 5.1% according to Market Data Forecast.

Global Wheat Gluten Market set to touch USD 2.10 billion by 2021 with a CAGR of 5.1% according to Market Data Forecast.

ID: 7690 | October 2018 | Region: Global

Wheat Gluten Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Wheat Gluten Market is estimated to be USD XX billion in 2016 and predicted to rise to USD XX billion by 2021 with a CAGR of XX%. The market is segmented by Application (whole grain bread, confectionaries, frozen dough, pasta, noodles), by distribution channel (retail stores, supermarkets, hypermarkets), Others) Further the market is geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.[CI1]

The growth of the global vital wheat gluten market is driven by the change in eating habits of the consumers along with inclination of consumers towards healthy foods and rising awareness of health for an active lifestyle. Wheat gluten is also used as a binder for various food products such as meatballs, meatloaf, and tofu among others, which in turn is driving the market. Furthermore, the rise in disposable income of middle-class population along with significant spending of high-class population on healthy foods are some of the macroeconomic factors that are supplementing the growth of the global vital wheat gluten market.

Wheat gluten was estimated as the largest product segment in 2015. The majority of the market share is concentrated in North America, on account of the booming food & beverage industry in the U.S. In terms of application, dairy dominated the segment in 2015. Huge presence of lactose intolerant people has supplemented the demand of global market in dairy application segment. This Gluten also acts as an effective substitute for lactose in fermented dairy products.

In 2015, North America led the global Wheat Gluten market in terms of market share. The market for these Wheat Gluten in Asia-Pacific area is amplifying because more of consumption. The Asia-Pacific and other rising nations are foreseen to develop at a quick pace in the Wheat Gluten market in the following years when compared with the seasoned markets of developed regions.

The major players operating in the Global Wheat Gluten industry include Tereos, Amilina, Cargill, Incorporated, Royal Ingredients Group, Dedert Corporation, Pioneer Industries Limited, Meelunie B.V., z&f sungold corporation, Ardent Mills Corporate and Bryan W Nash & Sons Ltd

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