Year | Value |
---|---|
2023 | USD 9.2 Billion |
2030 | USD 15.4 Billion |
CAGR (2023-2030) | 9.0 % |
Note โ Market size depicts the revenue generated over the financial year
The Wheat gluten market is expected to be valued at around $ 9.2 billion in 2023, and is estimated to reach $ 15.4 billion by the end of the forecast period, registering a CAGR of 9.0%. This is due to the increasing demand for wheat gluten in various industries, especially in the food and beverage industry, where it is used to improve the texture and elasticity of food products, such as bread and pasta. This market is driven by several factors, such as the rising demand for plant-based sources of food and the growing trend of healthy food. Besides, the development of high-yielding wheat varieties and the improvement of gluten extraction processes are also expected to drive the wheat gluten market. The major players in the industry, such as Archer Daniels Midland Company, Cargill, and Manildra Group, are mainly engaged in strategic alliances and research and development activities in order to enhance their product offerings and expand their market presence. These efforts are expected to increase the demand for wheat gluten in the coming years and thus promote the growth of the market.
Regional Market Size
The Wheat gluten market is experiencing dynamic growth in various regions, driven by the increasing demand for plant-based proteins and the growing popularity of gluten-free products. In North America, the market is characterized by the strong presence of major players and the growing trend towards healthy eating. Europe, on the other hand, is a mature market with a strong focus on innovation and sustainability. The Asia-Pacific region is experiencing strong growth, mainly due to rising incomes and changing dietary preferences. The Middle East and Africa are gradually embracing wheat gluten as a food ingredient, while Latin America is becoming a potential market due to its agricultural capabilities and the growing health awareness among consumers.
โWheat gluten is not only used in food products but also plays a significant role in the production of non-food items such as adhesives, cosmetics, and even biofuels, showcasing its versatility beyond the culinary world.โ โ Wheat Gluten Market Analysis Report, 2023
Wheat gluten plays an important role in the food and beverage industry, especially in the production of bakery and meat alternatives. This segment is currently growing, mainly due to the increasing demand for high-protein diets and the growing popularity of plant-based foods. The number of consumers with a health-oriented lifestyle is growing, as well as the number of vegetarians and vegans, who are looking for alternatives to animal-based products. In addition, the government's promotion of healthier foods is also increasing the demand for wheat gluten. The use of wheat gluten is currently in a mature stage, with companies such as ADM and Cargill as the leading companies in this field. Wheat gluten is mainly used in the production of bread, pasta and meat alternatives, where it is used to improve the texture and increase the protein content. The growing trend of sustainable development, as well as the pandemic of COVID-X, which has increased the awareness of food sources, is also pushing the growth of this segment. Wheat gluten is also evolving with the development of enzymatic processing and fermentation methods, which will lead to more efficient production and higher product quality.
From 2023 to 2030, the wheat gluten market is expected to grow at a CAGR of 9.0%, with the market value from $9.2 billion to $15.4 billion, which is a CAGR of 9.0%. The main driving force for this growth is the rising demand for plant-based high-quality proteins and the increasing popularity of gluten-free products among health-conscious consumers. The penetration rate of wheat gluten in various food applications such as bakery products, meat substitutes and dietary supplements is expected to rise sharply, and the penetration rate of wheat gluten in some food applications may exceed 20 percent by 2030. Moreover, the application of new technology in food processing and formulation is expected to further enhance the function and appeal of wheat gluten. In addition, the development of extraction and purification technology will improve the quality and versatility of wheat gluten, making it the preferred ingredient for both traditional and new food applications. Also, government policies to support sustainable agriculture and plant-based diets will also boost market growth. Emerging trends, such as the popularity of clean label products and the increasing awareness of the health benefits of wheat gluten, will also have a major impact on the market, which will ensure that the wheat gluten market is dynamic and a vital part of the food industry.
Covered Aspects:Report Attribute/Metric | Details |
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Growth Rate | 9.0% (2023-2030) |
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