North America Wheat Protein Market Size, Share & Industry Trends Analysis Report By Application, By Concentration (75% concentration, 80% concentration and 95% concentration), By Product, By Country and Growth Forecast, 2022 - 2028
The North America Wheat Protein Market would witness market growth of 3.9% CAGR during the forecast period (2022-2028).
Wheat protein offers remarkable capabilities for a wide range of sectors. Bakery goods, flour milling, meat replacement, pasta, breakfast cereal, aquafeed, milk replacement, and pet food are just a few of its numerous applications. The most basic and popular usage of wheat protein is the baker's adjustment, commonly referred to as the flour miller.
Because of this broad range of applications for different end industries, market growth is predicted over the course of the projection period. The inability of the body to digest lactose, a natural sugar found in dairy products like milk, is known as lactose intolerance.
Although whey protein isolates are more thoroughly filtered and processed than whey protein concentrates to successfully eliminate more lactose, people who have even a little lactose intolerance should avoid such products. Plant-based alternatives like wheat protein are the ideal choice for customers who wish to increase their protein consumption for health or training objectives, which may help the market grow.
The regular introduction of new goods and the explosive growth in demand for healthy foods and beverages are the main reasons why the regional market is growing at an exponential rate. A substantial number of market participants are present throughout the area, which is fueling fierce competition among producers. As a result, these manufacturers are stepping up their efforts quickly in an effort to win over a larger share of the local client base.
The US market dominated the North America Wheat Protein Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,926.4 Million by 2028. The Canada market is poised to grow at a CAGR of 6.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 5.4% during (2022 - 2028).
Based on Application, the market is segmented into Bakery & Confectionaries, Sports & Nutrition, Animal Feed, Dairy and Personal Care. Based on Concentration, the market is segmented into 75% concentration, 80% concentration and 95% concentration. Based on Product, the market is segmented into Wheat Gluten, Textured Wheat Proteins, Wheat Protein Isolates and Wheat Protein Hydrolysates. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer-Daniels-Midland Company, Cargill, Incorporated, Roquette Freres SA, AGRANA Beteiligungs-AG, Tereos S.A., Batory Foods, Inc., Kerry Group PLC, BENEO GmbH (Südzucker AG), Manildra Group, and Crespel & Deiters GmbH and Co. KG.
Scope of the Study
Market Segments covered in the Report:
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