Rise in protein interest globally for nutritional purpose along with decreasing scarcity of animal protein in the near future there is sturdily escalating in need for plant-based protein. Additionally, with expanding worldwide population coupled with an increase in demand for meat will further lead to the shortage in the availability of animal protein. Wheat gluten is an essential source of plant protein. It is a food prepared from gluten, the key protein of wheat. Therefore, where the food industry is searching for alternative protein sources, plant proteins are an excellent source. Wheat gluten is primarily used in the food industry mainly in the bakery. As compared to traditional wheat gluten, organic or plant-based ingredients are used for making bakery products such as pasta, noodles, crackers, chips, and many more. Whereas, for preparing vegetables and soups functional wheat proteins can be effectively used. Functional wheat proteins help in improving the quality of traditional wheat products. Moreover, adoption of novel food processing technologies and integrated manufacturing procedures have enabled the surge in demand for functional wheat proteins during the forecast period. Various manufacturers are offering technical support for developing nutritional foods. These functional wheat proteins can also be used as an extender for multiple applications.
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Functional Wheat Proteins Market: Drivers and Restraints
Increasing health consciousness among people, rise in preference for meat-free diets and expanding consumption of wheat proteins by sports person and bodybuilders for improving strength and gaining muscles are some of the primary factors driving the growth of the global functional wheat proteins market. Moreover, innovation in modern food processing technologies, increasing the prevalence of obesity, expanding application in the end-user industry such as cosmetics, growing demand for healthy foods, and rise in importance of gluten-free products are another significant factors increasing the functional wheat proteins market over the forecast period. However, rise in the price of wheat with high protein content, a limited supply of wheat for extraction of proteins and presence of gluten in wheat proteins which may cause diseases among consumers, and availability of alternative products in the market which may limit the growth of the functional wheat proteins market during the forecast the period.
Functional Wheat Proteins Market: Overview
Functional wheat proteins market revenue is expected to grow at a rapid growth rate, over the forecast period. The market is projected to perform well in the near future owing to expanding consumer preference for cholesterol free and low saturated fat products coupled with increasing awareness about benefits associated with it. Additionally, growing consumption of vital health supplements, rise in the incidence of lactose intolerance, expanding skin related problems, and increasing geriatric population are the main factors that can propel the market revenue growth of functional wheat proteins in the near future. Based on product type, wheat gluten segment is projected to lead the global functional wheat proteins market over the forecast period attributed to expanding the application of functional wheat gluten in various dermatologist products.
Functional Wheat Proteins Market: Region-wise Outlook
Depending on the geographic region, the functional wheat proteins market is classified into seven key areas: North America, Eastern Europe, Latin America, Western Europe, Japan, Asia-Pacific excluding Japan, and the Middle East & Africa. North America is expected to be the leading markets in the global functional wheat proteins market followed by Europe owing to the booming food industry and rise in consumption of nutritional supplements, snacks, and bakery products. Japan, functional wheat proteins market, is expected to account healthy CAGR during the forecast period owing to new product developing and frequently launch of novel products by various companies in the region. Moreover, the market in Asia-Pacific excluding Japan is projected to have the substantial growth in the global functional wheat proteins market over the forecast period due to changing consumer lifestyle, rising population, expanding cosmetics as well as baby food industry along with increasing health awareness and disposable income in the region. MEA is expected to witness the significant growth rate in the global functional wheat proteins market due to growing demand for health food along with emerging food and beverages industry.
Functional Wheat Proteins Market: Key Players
Some of the prominent players in the functional wheat proteins market are Cargill Inc., MGP Ingredients, Inc., The Archer Daniels Midland Company, Crespel & Deiters GmbH and Co. KG, AB Amilina, The Manildra Group, Crop Energies AG, Roquette Freres Company, Tereos Syral SAS, Permolex Ltd., The Jäckering Group, Anhui Ruifuxiang Food Co., Ltd., and others.