during the forecast period. The demand for wheat protein is projected to be on the rise, owing to factors such as the growing bakery industry, increasing consumer preference for meat analogs, nutritional benefits for lactose intolerant and health- & fitness-conscious consumers, and increasing applications of wheat protein in varied end-user industries such as pet food and cosmetics.
New York, March 11, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Wheat Protein Market by Product, Application, Form And Region - Global Forecast to 2026" - https://www.reportlinker.com/p05333366/?utm_source=GNW
The hydrolyzed wheat protein segment, by product, is projected to be the fastest-growing.
The hydrolyzed wheat protein segment is projected to grow at the highest CAGR during the forecast period. Increase in the consumer expenditure on cosmetic products and the growth of the personal care industry are projected to drive the growth of this segment in the coming years.
The bakery & snacks segment is projected to dominate the wheat protein market throughout the forecast period.
The bakery & snacks segment was the largest segment among all applications due to the extensive use of wheat proteins in bakery products.In Europe, the consumption of bread and other baked products is high, with countries such as France, Germany, and the Netherlands being the major consumers in the region.
Wheat protein is incorporated in food to add nutritional value to various bakery and snacks products.
Europe is projected to dominate the wheat protein market through the forecast period.
Europe is projected to dominate the wheat protein market.This region comprises economies such as Germany, France, Belgium, and the UK, which occupy a significant share of the global wheat protein market.
Factors such as the increasing demand for processed food & bakery products and the presence of key wheat protein companies, coupled with mature meat processing market are the main factors contributing to the growth of the European wheat protein market.France is projected to be the fastest-growing market in this region due to the growing demand for high-valued French bakery products.
Developments and innovations in bakery products, preference of low-cost protein sources as a suitable substitute for meat and dairy proteins, and the growing number of investments strategized by the dominant players in Europe also act as drivers in the expansion and growth of the wheat protein market.
The breakdown of the primaries on the basis of company, designation, and region conducted during the research study, is as follows:
• By Company type: Tier 1 – 60%, Tier 2 –30%, and Tier 3 – 10%
• By Designation: C-Level – 40%, D-Level – 30%, Others* – 30%
• By Region: North America – 20%, Europe – 30%, Asia Pacific – 35%, RoW – 15%
*Others include sales managers, marketing managers, and product managers.
Note: Tier 1: Revenue >= USD 1 billion; Tier 2: USD 100 million to USD 1 billion; Tier 3: Revenue =< USD 100 million
Leading players profiled in this report
• ADM (US)
• Cargill (US)
• Agrana (Austria)
• MGP Ingredients (US)
• Manildra Group (Australia)
• Roquette (France)
• Glico Nutrition (Japan)
• Crespel & Deiters (Germany)
• Kröner-Stärke (Germany)
• Tereos Syrol (France)
• CropEnergies (Germany)
• Gluten y Almidones Industriales (Mexico)
• Batory Foods (US)
• Kerry Group (Ireland)
• BENEO (Germany)
• Agridient Inc (US)
• AMCO Proteins (US)
• Tate & Lyle (UK)
• PureField Ingredients (US)
The study covers the wheat protein market across various segments.It aims at estimating the market size and its growth potential across different segments based on type, application, form, and region.
The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Reasons to buy this report
• To get a comprehensive overview of the wheat protein market
• To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
• To gain insights about the major countries/regions, in which the wheat protein market is flourishing
Read the full report: https://www.reportlinker.com/p05333366/?utm_source=GNW
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