Market Size of Europe Wheat Protein Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.56 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Wheat Protein Market Analysis
Europe wheat protein market is projected to grow at a CAGR of 5.72% during the forecast period (2020-2025).
- The market studied has witnessed a significant growth due to the increasing intolerance toward animal protein, thereby leading to the shift in preference of the meat-consuming population toward meat substitutes made of vegan protein, therefore, driving the market studied.
- There has been a significant increase in the demand for wheat protein application in animal feed, due to the growing awareness regarding animal health, which is anticipated to drive the demand for wheat protein in the forecast period. Therefore catering the market studied.
- Cargill, ADM, and AGRANA are some of the prominent players operating in the market studied. These companies, in order to retain their position within the market or gain an advantage over its competitors, are focusing on R&D to develop innovative product offerings that can be used in varied applications.
