U.S. Wheat Protein Market 2018-2023 - Size, Trends, Competitive Analysis and Forecasts

  • ID: 4587054
  • Report
  • Region: United States
  • 90 pages
  • Hypercube Insights
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FEATURED COMPANIES

  • Agridient Inc.
  • Cargill Inc.
  • Glico Nutrition
  • Kröner-Stärke
  • MGP Ingredients
  • Tereos-Syral
  • MORE
The US currently possess 44% of total North American wheat protein market. The strength of the country’s economy has made it one of the leading innovation powerhouse in the world. The technological growth also aids the country to develop innovative processing methods for the food ingredients. The production of wheat protein in order to use it in food industry follows traditional processing approach. But with growing demand for wheat protein across various other applications such as beverage, supplement and animal feed, the industry is witnessing innovations in production technology and applications. The market revenue of wheat protein is projected to reach at $708.92 million by 2023, growing at a CAGR of 5.1% during 2018 to 2023.

Increasing population are becoming aware about the health risks of consuming animal-based products. In addition, the issues of obesity and overweight are increasing since last decade which has resulted in growing demand of food products containing less fat and natural ingredients. The food experts and nutritionists are also influencing the buying behavior of the consumers and leading to a shift to healthy diets in order to reduce the health risks. These trends have resulted in increasing application of plant protein which includes wheat protein across food industry. The number of applications of the wheat protein in the food industry is ever growing in order to produce wide range of baked foods, snacks and confectionery and with growing usage, the market revenue is projected to reach at $0.41 billion by 2023, at a CAGR of 5.1% during 2018 to 2023.

The trend of health and fitness is ever growing in the country. Increasing young population are attending gyms and fitness clubs in order to maintain health and to build attractive body and strong muscles. Even the adult population are increasingly interested in physical exercise. Due to increase in sports and fitness activities, the demand of supplement products is rapidly growing in the U.S. Growing population are demanding for energy drinks, sports drinks, smoothies, shakes and energy bars with organic and natural protein ingredients. Since, wheat protein is rich in minerals, vitamins and has essential amino acid profile, the market revenue of wheat protein in supplement industry is projected to capture the value of $0.19 billion by 2023, at a fastest CAGR of 5.6% during 2018 to 2023.

The industry of the protein in the US is highly developed. Major plant-based protein producers are increasingly interested in expanding their product portfolio with wheat protein due to its growing demand among various segments of the industry. Major wheat protein producers in the U.S. such as ADM, Cargill, MGP Ingredients and the Agridient have already identified the market potential of the wheat protein and are highly committed to expand their operation across other regions across the world. Most adopted strategies of these major players includes acquisitions, production facility expansion and joint ventures with the local players in the developing world.

Key Deliverables
  • Market trends since 2014 and five year forecasts of market growth
  • Detailed analysis of the micro and macro elements influencing demand trends
  • Identifying opportunity spaces across segments and countries
  • Supply & demand side trend and analysis
  • Price trend analysis, investment prospects and competition pattern
  • Insights on growth potential of the market
  • Detailed analysis of major producers covering financial investments & strategies adopted
  • Competitive landscape of the industry
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Agridient Inc.
  • Cargill Inc.
  • Glico Nutrition
  • Kröner-Stärke
  • MGP Ingredients
  • Tereos-Syral
  • MORE
1. Introduction
1.1 Research Methodology
1.2 Scope of the Study
1.3 Assumptions

2. Summary
2.1 Market Summary By Type
2.2 Market Summary By Application
2.3 Market Summary by Geography
2.4 Business Trends Summary

3. Industry Dynamics
3.1 Drivers
3.1.1 Growing demand for cheaper sources of plant based protein and meat substitute products
3.1.2 Rising health consciousness especially in developing countries
3.1.3 Strengthening demand for dietary Supplements
3.2 Restraints
3.2.1 Lack of commercially feasible extraction process
3.2.2 Growing threat from substitute products
3.2.3 Low awareness about the product
3.1.4 Increasing demand for gluten free protein products
3.3 Opportunities
3.3.1 Growing applications in sports nutrition & weight management
3.3.2 Growth in functional food & nutraceutical industry
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining power of Suppliers
3.4.2 Bargaining power of Buyers
3.4.3 Degree of Competition
3.4.4 Threat of Substitution
3.4.5 Threat of new entrants
3.5 Future Trends in Wheat Protein Industry
3.6 Value Chain Analysis
3.7 Industry Policies & Regulations
3.8 Market Innovations

4. Market Size and Forecast
4.1 Market Share, Type
4.1.1 Wheat Gluten
4.1.2 Wheat Protein Isolate
4.1.3 Textured Wheat Protein
4.1.4. Hydrolyzed Wheat Protein
4.2 Market Share, Application
4.2.1 Food
4.2.1.3 Infant Formula
4.2.1.2 Confectionary
4.2.1.3 Bakery
4.2.1.4 Snacks
4.2.1.5 Dairy Alternatives
4.2.1.6 Meat Analogues & Extenders
4.2.1.7 Processed Meat & Seafood
4.2.1.8 Others
4.2.2 Beverages
4.2.3 Dietary Supplements
4.2.4 Animal Feed
4.2.5 Others

5. Competitive Analysis
5.1 Market Share Analysis
5.2 Growth Strategies of leading players
5.3 Investment and Development Prospects
5.3.1 Investment in past five years
5.3.2 Investment Opportunities
5.4 Competition Pattern
5.4.1 Concentration Ratio
5.4.2 Industry Competition
5.5 Price Trend Analysis
5.5.1 Product Classifications and Their Prices
5.5.2 Factors Influencing Prices

6. Company Profiles
6.1 Archer Daniels Midland
6.2 Cargill Inc
6.3 Kerry Ingredients
6.4 MGP Ingredients
6.5 Manildra Group
6.6 Roquette Freres
6.7 The Scoular Company
6.8 Glico Nutrition
6.9 Kröner-Stärke
6.10 Tereos-Syral
6.11 Crespel & Deiters GmbH & Co. KG
6.12 Crop Energies AG
6.13 Gluten Y Almidones Industriales
6.14 Agridient Inc.
6.15 White Energy Inc.
  • Appendix
  • Sources
  • Disclaimer
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  • Archer Daniels Midland
  • Cargill Inc.
  • Kerry Ingredients
  • MGP Ingredients
  • Manildra Group
  • Roquette Freres
  • The Scoular Company
  • Glico Nutrition
  • Kröner-Stärke
  • Tereos-Syral
  • Crespel & Deiters GmbH & Co. KG
  • Crop Energies AG
  • Gluten Y Almidones Industriales
  • Agridient Inc.
  • White Energy Inc.
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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