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North America Wheat Protein Market Size (2024 - 2029)

The North America wheat protein market is experiencing growth driven by the increasing demand for plant-based nutrition and the expanding vegan population in emerging economies. Factors such as an aging population, rising income levels, and increased urbanization are contributing to the market's expansion. The market size is further influenced by the growing use of wheat protein in bakery products and its positive application in animal feed, driven by heightened awareness of livestock health. The easy availability and cost-effectiveness of wheat protein are also enhancing its market penetration.

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Market Size of North America Wheat Protein Industry

North America Wheat Protein Market - Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.50 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

North America Wheat Protein Market Analysis

North America wheat protein market is anticipated to register a CAGR of 6.5% during the forecasted period.

  • Increasing demand for plant-based nutrition diet along with a growing vegan population in emerging economies is driving the wheat protein market growth. During the aging population, rising income levels and increased urbanization are likely to fuel product demand.
  • Expanding product usage in biscuits, cakes, bread, and other bakery products is instigating the wheat protein market. Positive applications outlook from the animal feed by growing awareness regarding livestock health is anticipated to propel the product demand as animal feed. Easy availability and cost-effective advantages will positively influence market penetration.

North America Wheat Protein Industry Segmentation

North America wheat protein market is segmented by type (wheat concentrate, wheat protein isolate, and textured wheat protein), by application (bakery and confectionery, dairy products, nutritional supplements, and others), and geography.

By Type
Wheat Concentrate
Wheat Protein Isolate
Textured Wheat Protein
By Application
Bakery and Confectionery
Dairy Products
Nutritional Supplements
Others
Geography
United States
Canada
Mexico
Rest of North America
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North America Wheat Protein Market Size Summary

The North America wheat protein market is experiencing significant growth, driven by the increasing demand for plant-based nutrition and a rising vegan population. This trend is further supported by factors such as an aging population, rising income levels, and urbanization, which are expected to boost product demand. The market is also benefiting from the expanding use of wheat protein in various bakery products like biscuits, cakes, and bread. Additionally, the positive outlook for animal feed applications, due to heightened awareness of livestock health, is anticipated to further propel demand. The easy availability and cost-effectiveness of wheat protein are also contributing to its market penetration.

Innovations and developments in the protein market are tapping into the burgeoning food and beverage industries, with plant-derived vegan proteins playing a crucial role. The United States holds a significant share of the wheat protein market, driven by the demand for processed and low-cholesterol foods. Consumers are increasingly opting for alternative products, such as green label foods, due to heightened awareness of healthy and plant-based options. This shift is facilitated by the availability of innovative ready-to-eat products that do not compromise on taste or texture. The market features various players, including Archer Daniels Midland Company, Cargill, Incorporated, Crespel & Deiters, and Roquette Frères, who are developing products tailored to diverse applications in response to the growing popularity of plant-based foods.

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North America Wheat Protein Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Wheat Concentrate

      2. 2.1.2 Wheat Protein Isolate

      3. 2.1.3 Textured Wheat Protein

    2. 2.2 By Application

      1. 2.2.1 Bakery and Confectionery

      2. 2.2.2 Dairy Products

      3. 2.2.3 Nutritional Supplements

      4. 2.2.4 Others

    3. 2.3 Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

      4. 2.3.4 Rest of North America

North America Wheat Protein Market Size FAQs

The North America Wheat Protein Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)

ADM, Cargill, Incorporated, Roquette Frères and Tereos S.A are the major companies operating in the North America Wheat Protein Market.

North America Wheat Protein Report Snapshots

North America Wheat Protein Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)