Global Wheat Protein Market Size, Share, Growth Analysis, By Product Type(Wheat gluten, wheat protein isolates), By Application(Bakery & confectionery, animal feed) - Industry Forecast 2024-2031

Global Wheat Protein Market size was valued at USD 9.53 billion in 2022 and is poised to grow from USD 9.99 billion in 2023 to USD 14.53 billion by 2031, growing at a CAGR of 4.8% during the forecast period (2024-2031).

Over time, the desire for vegan and vegetarian diets, increased health consciousness among consumers, and the expanding usage of wheat protein in a variety of end-use industries have all contributed to the significant rise of the worldwide wheat protein market. Rich in amino acids, wheat protein is a plant-based protein that may be used as a perfect ingredient in a wide range of food and drink items. The market for wheat protein is primarily driven by the growing need for plant-based proteins in a variety of end-use sectors, including animal feed, food and beverage, and personal care. Growing health consciousness among consumers has led to a shift in diet toward plant-based foods, which has increased demand for wheat protein. The growing health consciousness of customers is one of the main factors propelling the wheat protein industry. Wheat protein-based products are getting more and more popular as consumers become more conscious of the health advantages of plant-based proteins. Furthermore, the market for wheat protein is expanding due to the growing popularity of vegan and vegetarian diets. The increasing usage of wheat protein in a variety of end-use sectors, including food and beverage, personal care, and animal feed, is another factor propelling the market. The high cost of production is one of the main obstacles to the wheat protein market. Specialized tools and knowledge are needed to produce wheat protein, which raises the production's overall cost.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Wheat Protein Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Wheat Protein Market Segmental Analysis

Global Wheat Protein Market is segmented on the basis of product type, application, and region. By product type, the market is segmented into wheat gluten, wheat protein isolates, textured wheat proteins, and wheat protein hydrolysates. By application, the market is segmented into bakery & confectionaries, animal feed, dairy, personal care, and sports & nutrition. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Wheat Protein Market

The global market for wheat protein is mostly driven by the rising demand for plant-based protein. Plant-based protein, which is becoming more and more popular among customers seeking for better and more sustainable dietary options, is found in wheat protein. Moreover, wheat protein is a desirable ingredient for food manufacturers due to its numerous uses, ranging from nutritional supplements to baked goods.

Restraints in the Global Wheat Protein Market

The growing incidence of gluten intolerance is one of the major factors limiting the growth of the global wheat protein industry. A large percentage of people have celiac disease, a severe form of gluten sensitivity. Due to this, there is less of a market for wheat gluten, a component that is utilized extensively in the food business. Consequently, food producers are shifting more and more to gluten-free substitutes, which may restrain the market's expansion for wheat protein.

Market Trends of the Global Wheat Protein Market

The demand for wheat protein as an alternative to animal-based proteins is being driven by the global trend towards plant-based diets. It is anticipated that this tendency will continue in the upcoming years due to worries about animal welfare, health, and sustainability.