Market Size of Global Hydrolyzed Wheat Protein Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.44 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Hydrolyzed Wheat Protein Market Analysis
Global Hydrolyzed Wheat Protein Market is projected to grow at a CAGR of 3.44% during the forecast period 2021-2026.
- The multi-functionality of wheat protein hydrolysates has increased its adoption across various end-user industries. The growing demand for high-protein products has further expanded the application of hydrolyzed wheat protein in various protein based formulations. Moreover, positive application outlook in nutritional RTD beverages and nutri-cosmetics is driving the hydrolyzed wheat protein market in the near future.
- The hydrolyzed wheat protein market has been largely driven by the growing demand from bakery manufacturers, the increasing popularity of plant-based foods, and hydrolyzed wheat protein being a suitable alternative for non-animal protein among vegans.
- The coronavirus pandemic has brought an exclusive change in the demand dynamics, with consumers increasingly seeking products that are nutritional and improve one's health such as gut health, enhances immunity, delivers personalized nutrition and support emotional well-being. For Instance, 18% of protein buyers in the United States purchased their first plant-based protein during the COVID-19 pandemic. In Germany, the United Kingdom and the Netherlands, 80% of consumers stated they are likely to continue eating plant-based meat alternatives beyond COVID-19.
