Global Hydrolyzed Wheat Protein Market Grows Steadily at a CAGR of 5.6%

Introduction

Physical extraction is used to obtain hydrolyzed wheat proteins from wheat germ. At room temperature, the proteins exhibit golden fluid properties. Wheat hydrolysis uses various processes, such as acidic, alkaline, or enzymatic, to remove wheat components, which include bioactive peptides. Hydrolyzed wheat proteins are currently used in various industries and geographical regions. Hydrolyzed wheat proteins have been shown to produce high-quality food and beverage products with no negative side effects, making them an appealing choice as a primary ingredient.

Market Dynamics

Growing Demand for Plant-Based Protein to boost market growth.

The growing consumer base adopting vegan or vegetarian diets and raising awareness of the health benefits of plant-based proteins are the primary factors driving the significant growth rate of the global market for plant-based proteins. Hydrolyzed wheat protein is a plant-based protein that can be considered a viable option for people who are intolerant to gluten because it is gluten-free. There is a discernible trend among consumers to prioritize health and wellness, increasing in demand for healthier food products.

Similarly, plant-based meats are considered healthier alternatives to conventional meat due to lower saturated fat and cholesterol levels. Conventional meat products may contain antibiotics and hormones, whereas organic meat products are typically free.

Competition from other Plant-Based Protein Sources Creates Tremendous Opportunities

Pea, soy, and hemp protein represent a selection of plant-based protein sources that are readily accessible. These protein sources possess a broader spectrum of applications and often exhibit greater versatility than hydrolyzed wheat protein. Soy protein is widely recognized as one of the most prominent alternative protein sources. The product is available in various forms, such as isolates and concentrates, and offers a comprehensive profile of amino acids. Food products, such as meat substitutes, protein bars, and beverages, commonly incorporate soy protein. The increasing prevalence of lactose intolerance is propelling the growth of the hydrolyzed wheat protein market.

Regional Analysis

North America is the most significant global hydrolyzed wheat protein market shareholder and is expected to grow significantly over the forecast period. Protein supplements and high-protein foods and drinks often increase their protein content by adding a protein hydrolysate to the final product. Consumers in the United States are most interested in beverages that satisfy their nutritional needs without sacrificing flavor. Demand for plant-based protein beverages is also fueled by the general public's growing comfort with plant-based foods and drinks as they learn more about the health benefits of a plant-based diet. Between 2012 and 2018, the South China Morning Post found a massive increase of 268% in introducing food and drink products in the United States that feature plant-based ingredients. This information shows that consumers are remarkably open to trying new things regarding this category of goods.

Key Highlights

• The global hydrolyzed wheat protein market was valued at USD 8,290.76 million in 2022. It is estimated to reach USD 13,389.59 million by 2031, growing at a CAGR of 5.47% during the forecast period (2023–2031).
• Based on type, the global hydrolyzed wheat protein market is bifurcated into dry and liquid. The dry hydrolyzed protein segment dominates the global market and is expected to grow significantly during the forecast period.
• Based on nature, the global hydrolyzed wheat protein market is segmented into conventional and organic. The organic segment dominates the global market and is expected to grow significantly during the forecast period.
• Based on application, the global hydrolyzed wheat protein market is segmented into food and beverage (bakery, cereals and cereal products, RTD beverages and powdered beverage mixes, confectionery, and others), animal feed, and cosmetics and personal care. The food and beverage segment dominates the global market and is predicted to expand significantly over the forecast period.
• North America is the most significant global hydrolyzed wheat protein market shareholder and is expected to grow significantly over the forecast period.

Competitive Players

Competitive Players

The key players in the global hydrolyzed wheat protein market are A. Constantino & C. spa, Archer Daniels Midland Company, Cargill Incorporated, Kerry Group plc, Manildra Flour Mills Pty. Ltd., Nippon Corporation, Roquette Frère, Südzucker AG, Tereos SCA, Crespel & Deiters GmbH & Co., AB Amilina, Kelisema, IKEDA.

Recent Developments

Market News

• In 2022, Archer Daniels Midland (ADM) announced the expansion of its hydrolyzed wheat protein production capacity. The expansion is expected to meet the growing demand for protein from the food and beverage industry.
• In 2022, the European Food Safety Authority (EFSA) approved hydrolyzed wheat protein as a new ingredient. This approval will open new markets for hydrolyzed wheat protein in Europe.

Segmentation

Global Hydrolyzed Wheat Protein Market: Segmentation

By Type

• Dry
• Liquid

By Nature

• Conventional
• Organic

By Applications

• Food and Beverage
  • Bakery
  • Cereals and Cereal Products
  • RTD Beverages and Powdered Beverage Mixes
  • Confectionery
  • Others
• Animal Feed
• Cosmetics and Personal Care

By Regions

• North America
• Europe
• Asia-Pacific
• LAMEA