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Wheat Protein Market Size
- Report ID: GMI2476
- Published Date: Apr 2023
- Report Format: PDF
Wheat Protein Market Size
Wheat Protein Market size exceeded USD 2 billion in 2022 and is anticipated to expand at over 3% CAGR from 2023 to 2032. The mounting demand for wheat bean protein in bakery and animal feed applications will stimulate the industry revenue. The animal feed industry has witnessed a significant boom in recent years due to a noticeable rise in animal farming practices and the growing concerns pertaining to animal health and well-being.
According to the International Feed Industry Federation, the world compound feed production stands at over 1 billion tonnes annually while commercial feed manufacturing worldwide generates more than USD 400 billion in annual turnover. The accelerating feed production and the increasing number of bakeries positioning plant protein in their products due to their high amino acid content and rich nutritional composition will favor the wheat protein market growth. The rising demand of plant-based diets and the increase in the vegan population in developing economies are augmented to be the key drivers of the growth of the market. Further, product demand is likely to be fueled by a growing geriatric population, increased urbanization, and income levels.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Wheat Protein Market Size in 2022: | USD 2.1 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 3% |
| 2032 Value Projection: | USD 3.5 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 650 |
| Tables, Charts & Figures: | 938 |
| Segments covered: | Product, Application, Form, Concentration |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Wheat Protein Market Scope
