South America Wheat Protein Market - Growth, Trends and Forecasts (2017 - 2022)
The South America wheat protein market is estimated to be USD XX billion in 2016 and expected to reach USD XX billion by 2021 at a CAGR of XX% during the forecasted period 2016-2021.
South America Wheat Protein Market Dynamics
Increasing demand for wheat proteins in food and beverage industry and cosmetic industry is driving the market. Moreover, rising health concerns among the consumers are fueling the demand for meat-free diets and consumer awareness on low-calorie food has increased the demand for wheat protein. Despite the healthy volume growth, wheat protein is struggling to capture the market growth due to heavy demand for competitive products, growing prominence for gluten free products, less consumer awareness of non-soy proteins.
South America Wheat Protein Market Segmentation
The market is segmented into hydrolyzed wheat protein and wheat protein isolate. Wheat protein isolate accounts the major market share with growing demand in the food and beverage industry. And the market finds its major applications in bakery, confectionery, sports food and functional food as dough binder, nutrient supplement, processing aid and thickener.
South America has the highest production of wheat and that makes it one of the largest wheat markets after APAC region. Brazil is the largest market is South America followed by Argentina.
Leaders in the South American Wheat Protein Market
The key players in the market are are Manildra Group, Cargill Inc., ADM, Tereos syrol, Roquette, MGP Ingredients, Inc., Permolex, Chamtor, Crespel & Deiters GmbH, Crop Energies, Sedamyl, Kroener Staerke, Amilina, White Energy, Jaeckering, Agridient, Dengfeng Grainergy Agricultural Development, and Anhui Reapsun Food. To increase the market share the major players are focusing on market share and consumer demand, therefore, concentrating on new product varieties of weight management foods and new R&D methods to improve the protein delivery.