North America Wheat Protein Market Overview (2020–2028)
The North America wheat protein market is projected to grow from USD 952.17 million in 2021 to USD 1,102.79 million by 2028, at a CAGR of 2.1%. Growth is primarily driven by increasing use of wheat protein across various industries, though the availability of substitutes remains a challenge.
📚𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 – https://www.businessmarketinsights.com/sample/TIPRE00027191
Key Segment Highlights (2020):
- By Product: Wheat gluten held the largest market share.
- By Form: Dry form dominated the market.
- By Application: Bakery and snacks led the application segment.
- By Country: The U.S. accounted for the largest share in the region.
North America is one of the worst affected economies due to the COVID-19 pandemic. The significant disruption in manufacturing facilities, along with raw material sourcing, has had a negative impact on the demand for wheat protein in the country. Along with this, the shutdown of manufacturing units, bakeries across the North American countries during the pandemic has had a negative impact on the wheat protein market. Along with this, the pandemic has had a negative impact on the food supply chains, simultaneously affecting farm production, food processing, transport, and logistic. During the pandemic, there have been changes in the consumer lifestyle which has led to an increase in demand for healthy food and beverage products. The growing consumer focus on health and wellbeing due to the pandemic is also expected to promote the demand for wheat protein in the North American market.
Archer Daniels Midland Company; Cargill, Incorporated; Kröner-Stärke GmbH; Manildra Group; MGP Ingredients Inc.; Roquette Frères; and Tereos Group are among the leading companies in the North America wheat protein market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Roquette announced the acquisition of a facility specialized in the extrusion of plant-based proteins. Through this acquisition, the group aims to expand its range of premium textured plant-based ingredients for the global meat alternatives market.
Market Overview and Dynamics
The wheat protein market in North America is expected to grow from US$ 952.17 million in 2021 to US$ 1,102.79 million by 2028; it is estimated to grow at a CAGR of 2.1% from 2021 to 2028. The growing food & beverages industry is expected to boost the growth of the wheat protein market in the upcoming years. The increase in the consumption of nutritional supplements, bakery products, and snacks is positively impacting the wheat protein market growth in North America. Wheat protein is widely being used in sports and energy drinks, as it helps enhance the athlete’s power, strength, and physical performance. These factors are influencing the growth of the wheat protein market in North America.
Key Market Segments
North America wheat protein market is segmented into product, form, application, and country. Based on product, the North America wheat protein market is segmented into wheat gluten, wheat protein isolates, textured wheat protein, and hydrolyzed wheat protein. In 2020, the wheat gluten segment accounted for the largest revenue share. The North America wheat protein market, by form, is bifurcated into dry and liquid. In 2020, the dry segment accounted for a larger revenue share. The North America wheat protein market, by application, is segmented into bakery & snacks, pet food, nutritional bars & drinks, processed meat, meat analogs, and others. In 2020, the bakery and snacks segment accounted for the largest revenue share. Based on country, the North America wheat protein market is segmented into US, Canada, and Mexico. US held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the wheat protein market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Archer Daniels Midland Company; Cargill, Incorporated; Kröner-Stärke GmbH; Manildra Group; MGP Ingredients Inc.; Roquette Frères; and Tereos Group.
| Category | Segments |
| By Product | Wheat Gluten, Wheat Protein Isolates, Textured Wheat Protein, Hydrolyzed Wheat Protein |
| By Form | Dry, Liquid |
| By Application | Bakery & Snacks, Pet Food, Nutritional Bars & Drinks, Processed Meat, Meat Analogs, Others |
| By Country | US, Canada, Mexico |
| Company Profiles | Archer Daniels Midland Company, Cargill, Kröner-Stärke GmbH, Manildra Group, MGP Ingredients, Roquette Frères, Tereos Group |
North America Wheat Protein Strategic Insights
Strategic insights for the North America Wheat Protein provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Wheat Protein Report Scope
| Attribute | Details |
| Market Size (2021) | US$ 952.17 Million |
| Market Size (2028) | US$ 1,102.79 Million |
| CAGR (2021–2028) | 2.1% |
| Historical Data | 2019–2020 |
| Forecast Period | 2022–2028 |
| Segments by Product | Wheat Gluten, Isolates, Textured, Hydrolyzed |
| Segments by Form | Dry, Liquid |
| Segments by Application | Bakery & Snacks, Pet Food, Nutritional Bars & Drinks, Processed Meat, Meat Analogs |
| Regions Covered | North America (US, Canada, Mexico) |
| Key Companies | ADM, Cargill, Kröner-Stärke, Manildra, MGP Ingredients, Roquette, Tereos |
North America Wheat Protein Regional Insights
The geographic scope of the North America Wheat Protein refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
