Market Size of Wheat Protein Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.83 Billion |
| Market Size (2029) | USD 3.51 Billion |
| CAGR (2024 - 2029) | 4.45 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Wheat Protein Market Analysis
The Wheat Protein Market size is estimated at USD 2.83 billion in 2024, and is expected to reach USD 3.51 billion by 2029, growing at a CAGR of 4.45% during the forecast period (2024-2029).
- Increasing demand for plant-based nutrition diet along with a growing vegan population in emerging economies is driving the wheat protein market growth. Suring aging population, rising income level and increased urbanization is likely to fuel product demand.
- Technological advancements in the cosmetics industry and growing demand for natural and organic substitutes in countries like India and China are other factors driving the market.
Wheat Protein Industry Segmentation
Global wheat protein market is segmented by type and application. On the basis of type, the market is segmented intowheat gluten, wheat protein isolate, textured wheat protein, others. On the basis ofapplication, the market is segmented intodairy, bakery, sports food, confectionery, pet food, nutritional supplements, and others. On the basis of geography,the study provides an analysis of the wheat proteinmarket in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
| By Type | |
| Wheat Concentrate | |
| Wheat Protein Isolate | |
| Textured Wheat Protein |
| By Application | |
| Dairy | |
| Bakery | |
| Sports Food | |
| Confectionery | |
| Nutritional Supplements | |
| Animal Feed | |
| Others |
| Geography | |||||||||
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Wheat Protein Market Size Summary
The wheat protein market is experiencing significant growth, driven by an increasing demand for plant-based nutrition and a rising vegan population, particularly in emerging economies. This trend is further supported by factors such as an aging population, rising income levels, and increased urbanization, which are expected to boost product demand. Additionally, technological advancements in the cosmetics industry and a growing preference for natural and organic substitutes in countries like India and China are contributing to the market's expansion. The global shift towards healthier lifestyles, with a focus on proper nutrition and weight management, is also positively impacting the wheat protein market.
Regionally, North America holds a major share of the wheat protein market, with the United States and Canada leading due to busy lifestyles that increase the consumption of ready-to-eat food products. Europe is anticipated to witness a growing compound annual growth rate during the forecast period, driven by the expanding use of wheat protein in bakery products such as biscuits, cakes, and bread. The demand for plant-based food products, due to their nutritional benefits, is further fueling market growth, with Germany, France, and the UK playing key roles in contributing to the industry's size through the adoption of organic products. Major players in the global wheat protein market include Archer Daniels Midland Company, Cargill, Incorporated, and Roquette Frères, among others.
Wheat Protein Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Wheat Concentrate
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2.1.2 Wheat Protein Isolate
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2.1.3 Textured Wheat Protein
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2.2 By Application
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2.2.1 Dairy
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2.2.2 Bakery
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2.2.3 Sports Food
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2.2.4 Confectionery
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2.2.5 Nutritional Supplements
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2.2.6 Animal Feed
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2.2.7 Others
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 France
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2.3.2.4 Russia
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2.3.2.5 Italy
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2.3.2.6 Spain
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2.3.2.7 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle East & Africa
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Wheat Protein Market Size FAQs
How big is the Wheat Protein Market?
The Wheat Protein Market size is expected to reach USD 2.83 billion in 2024 and grow at a CAGR of 4.45% to reach USD 3.51 billion by 2029.
What is the current Wheat Protein Market size?
In 2024, the Wheat Protein Market size is expected to reach USD 2.83 billion.
