Wheat Gluten Market is supposed to reach over USD 3.59 billion by 2028 with a CAGR of about 4.60% throughout the forecast period 2023-2028
Wheat gluten is known as wheat protein, which is a natural protein derived from wheat or wheat flour. It is also called gum gluten, which is a flowing powder with lots of protein and a smooth taste that is freshly extracted in a wet form. Wheat gluten is an insoluble functional protein. Wheat gluten is available in powder or liquid form. Wheat glutes have several characteristics, such as high viscosity, extensibility, and others. It is often available in combination with soy-based raw materials and wheat flour with specific additives to produce soy-free food products. In addition to protein, wheat gluten is a rich source of minerals. Wheat gluten is widely used in the food and beverage industry. The surge in demand for wheat gluten and a rising number of manufacturers worldwide are the reasons for the higher level of competition in the market. To save the market position of wheat gluten, manufacturers manufacture unique and innovative products on demand with attractive offers
The growth of the global market for wheat gluten is driven by changes in consumer eating habits, as well as by the consumer's penchant for healthy food and increased health awareness for an active lifestyle. Consumers are tending more toward a vegan diet as it is considered as a healthier option, increasing the popularity of the wheat gluten market over recent years. Wheat gluten also has application as a binder in numerous food products like meatballs, tofu, and others, which, in turn, stimulates the market. Furthermore, the increase in disposable income of the middle-class population, as well as the significant spending of the upper-class community on healthy foods are some of the macroeconomic factors that complement the growth of the worldwide wheat gluten market. The growth of the global vital wheat gluten market is driven by the change in eating habits of the consumers along with the 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 the middle-class population along with significant spending of the high-class population on healthy foods is some of the macroeconomic factors that are supplementing the growth of the global vital wheat gluten market.
Tereos launched its website which will help increase awareness of the company and its products. This website is also available in different local languages, including French, Brazilian Portuguese, and English. This will publicize the company's activities, experience, and products.
Global investment company Strategic Value Partners, LLC (SVPGlobal) signed an agreement to acquire the food and ethanol business of Plano, Texas, in the United States, White Energy. The transaction includes two integrated plants in Russell, Kansas, United States, including the largest wheat gluten vital plant in the country and one of the most profitable ethanol production facilities in the country.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2022-2028 |
Base Year |
2022 |
Forecast Period |
2023-2028 |
CAGR |
4.60% |
Segments Covered |
By Product, Type, Consumption, Distribution Channel and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
MGP Ingredients, Kröner-Stärke, Roquette, Tereos Syrol, ADM, Anhui Reapsun Food, Glico Nutrition, Agrana, Crop Energies, Cargill, and many more. |
Wheat Gluten Market, By Product
Hydrolyzed Wheat Protein
Textured Wheat Protein
Wheat Protein Isolate
Wheat Gluten Market, By Form
Liquid
Dry
Wheat Gluten Market, By Application
Meat Analogs
Processed Meat
Nutritional Bars
Pet Food
Bakery
North America,
Asia Pacific,
Europe,
Latin America,
Middle East and Africa.
The North American wheat protein market generated more than $ 810 million in 2017. A busy lifestyle and busy work hours, primarily in the United States and Canada, stimulate consumption of RTE food products, supporting regional growth. The change in diet leads to increased adoption of vegan food products for nutritional gains. Increased awareness among health-conscious consumers of the health benefits is increasing the demand for organic nutritional supplements for products with a high concentration of wheat protein.
The European market is expected to record more than 4.1% of CAGR through 2024. The increased use of products in cookies, cakes, bread and other baked goods is driving prospects for the protein market. The growing demand for plant-based food products due to nutritional benefits is driving the market growth. Germany, France, and the United Kingdom are key countries that contribute a significant part of revenue due to better adoption of organic products, stimulating the size of the industry. The rising health awareness among consumers has increased the usage of vegan ingredients in cosmetic and personal care products. Chemical-free materials, nutritional gains, and a large consumer base are key factors driving the expansion of the market.
Impact of COVID-19 on global Wheat Gluten Market
As the effects of COVID-19 are felt around the world, food and beverage companies face significantly reduced supply chain disruption and consumption challenges. While domestic consumption has peaked in the past two weeks, domestic consumption has stagnated. Since the out-of-home market has always generated the highest margin, this will have an immediate impact on the income statement, although some suppliers seek to mitigate this by diverting their supplies to retail stores. Agricultural production is depressed, supply chains are disrupted, mainly due to rapid changes in behavior and consumer demand.Once the situation begins to normalize, out-of-home consumption will resume, but it is unlikely to be enough to cover lost sales in the coming days. With an impending economic downturn, food and beverage revenues are likely to be under pressure.
MGP Ingredients
Kröner-Stärke
Roquette
Tereos Syrol
ADM
Anhui Reapsun Food
Glico Nutrition
Agrana
Crop Energies
Cargill
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