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Positive application outlook as animal feed and growing awareness regarding livestock health is anticipated to propel product demand as animal feed. Easy availability and cost effectiveness will positively influence market penetration. Fluctuations in commodity pricing, including corn and barley likely to support product application scope. Key benefits such as high nutritional value, low fiber content, and a better TDN value compared to counterparts, including corn and barley driving wheat protein market share.Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/1002543/
Increasing consumer consciousness towards plant-based nutrition diet along with a growing vegan population in emerging economies will drive wheat protein market. Factors such as aging population, rising income level and increased urbanization likely to propel product penetration rate. The rising prevalence of deficiencies in low income countries owing to limited access to high nutrition diets such as meat, fish, fruit and vegetables will further boost product market.
North America wheat protein market is projected to surpass 300 kilotons by 2024. Increasing health conscious consumer base and growing vegan population in the region likely to enhance industry. In addition, a surge in demand for cosmetics, nutrition supplements and personal care products owing to rising disposable income will propel regional market share over the forecast period.
Favorable government policies to reduce obesities and diabetes problems by limiting meat consumption will augment industry. For instance, Chinese government outlined a new policy to reduce its meat consumption by 50% by 2030. New dietary guidelines implemented by the country’s health ministry target to limit consumption between 40g to 75g of meat per person each day.
Dry form is anticipated to register a CAGR over 3.5% up to 2024. High water solubility and excellent amino acid profile are the major features supporting dry form demand. Key aspects such as bulk purchasing, easy processing and handling techniques are likely to support segment growth. In addition, low labor cost for manufacturing and ease of application among consumers propelling wheat protein market growth.
The animal feed segment is expected to witness the fastest growth up to 2024. Health benefits in terms of enhanced carbohydrate consumption will positively drive segment growth. Rising expenditure associated with maintenance of animal husbandry and feed affordability likely to influence wheat protein market.
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Asia Pacific demand estimated to hold around 20% industry share in 2016. Increasing bakery and confectionery consumption owing to rising population will propel product demand. Favorable socioeconomic factors owing to diversified taste and preference will provide a strong business outlook for manufacturing. Expansion of cosmetics and healthcare sectors in China, Japan, India and South Korea is expected to drive industry expansion.
Global wheat protein market share is highly competitive and concentrated in nature owing to the presence of large manufacturers accounting for a major industry share. Archer Daniels Midland, AB Amilina, Agridient, MGP Ingredients, Manildra Group, Cargill Inc., Crop Energies AG, Crespel & Deiters GmbH and Co. KG, Kroener Staerke are key industry participants.
Table of Contents:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Wheat Protein Industry Insights
Chapter 4. Wheat Protein Market, By Product
Chapter 5. Wheat Protein Market, By Region
Chapter 6. Wheat Protein Market Company Profiles
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Related Report:
Global (United States, European Union and China) Hydrolyzed Wheat Protein Market Research Report 2019-2025
In 2019, the market size of Hydrolyzed Wheat Protein is million US$ and it will reach million US$ in 2025, growing at a CAGR of from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period. In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Hydrolyzed Wheat Protein.
https://www.marketstudyreport.com/reports/global-united-states-european-union-and-china-hydrolyzed-wheat-protein-market-research-report-2019-2025?utm_source=RR-SP
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