The Global Wheat Protein Market Growth, COVID-19 impact and Forecast (2021-2026)
Global Wheat protein market is segmented based on product type as wheat gluten, wheat protein isolate, textured wheat protein and hydrolyzed wheat protein; based on applications as bakery and snacks, animal and pet food, nutritional supplements, processed meat and others; based on geography as APAC, Europe, North America, and ROW.
Introduction
Wheat proteins are the proteins that are extracted from wheat. The process of extracting the proteins from wheat undergoes several processes such as the separation of SDS-insoluble protein fractions, fractionation of SDS-insoluble protein fractions, gel filtration, removal of sodium dodecyl sulfate (SDS), and various others.
These proteins are extracted and perform numerous functions including film formation, foaming, whipping, aeration, adhesion, dough conditioning, tenderizing, and structure enhancement. These storage proteins are collectively called prolamins due to the presence of high content of proline, glutamine, and amino acids.
Moreover, wheat Protein is comprised of two insoluble protein groups: gliadin and glutenin. It is essential for bread and noodle-making because wheat protein creates an elastic texture to achieve a high level of dough strength
Table of Contents
Market Overview
The global wheat protein market is expected to grow to $3.06 billion by 2026 at a CAGR of 5%
The global wheat protein market has witnessed a healthy growth over the forecast period.
The COVID-19 pandemic has had a profound impact on the wheat protein market, and Post COVID-19, the market is expected to recover from 2021 onwards, with industrial and transportation activities getting back on track and functioning with full capacities.
Health-conscious consumers are choosing to adopt the consumption of food items with wheat proteins.
Key Trends
Surging preference towards vegan food products owing to increased lactose intolerant consumers is anticipated to boost wheat protein market trends.
Fluctuations in commodity pricing, including corn and barley likely to support product application scope. Major benefits such as high nutritional value, low fiber content, and a better TDN value compared to counterparts, including corn and barley, are driving global wheat protein market outlook.
Key Market Players
The market is dominated by global vendors like ADM, Cargill, Agrana, MGP Ingredients, Manildra Group and Glico Nutrition.
The major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. These companies have a strong presence in North America, Asia Pacific, and Europe.
Growth Drivers and Challenges
The market has been largely driven by the growing demand for bakery products, the increasing popularity of plant-based foods, wheat protein being a suitable alternative for non-animal protein among vegans coupled with nutritional benefits for lactose-intolerant consumers.
Rising health concerns among consumers are anticipated to spur the demand owing to the high nutritional value they provide in foods. Increasing cases of obesity all over the globe is expected to surge the demand as they are low in calorie leading to weight loss.
Although the market for wheat protein is expected to witness progressive growth rates during the forecast period, limited technological developments in the market are expected to hinder higher growth rates.
While related industries like those of whey protein and the market for gluten-free products are expected to invest substantially in research & development activities to develop better, convenient, and more consumer-suitable products, technological advancements in case of wheat proteins remain stunted.
The COVID-19 pandemic has had a profound impact on the wheat protein market. Given the growing consumer awareness of the impact of the pandemic on meat production, consumers began adopting plant-based alternatives instead.