Worldwide Hydrolyzed Wheat Protein Industry to 2026 – Key Drivers and Restraints – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Hydrolyzed Wheat Protein Market – Growth, Trends and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
Global Hydrolyzed Wheat Protein Market is projected to grow at a CAGR of 3.44% during the forecast period 2021-2026.
Companies Mentioned
- Archer Daniels Midland
- Cargill, Incorporated
- MGP
- Manildra Group USA
- Crespel & Deiters GmbH & Co. KG
- Roquette Freres
- A. Costantino & C. spa
- The Scoular Company
- Kerry
- The Herbarie at Stoney Hill Farm, Inc
Key Market Trends
Increase in Demand for Plant Protein-Based Food Products
The plant protein market is driven by a growing inclination toward vegan diets, the functional efficiency, the cost competitiveness offered by such plant protein products, and their increasing utilization in a wide variety of processed foods, especially in the ready-to-eat products category. Plant-based milk has observed major growth in recent years, with an increasing number of people turning to dairy-free options,
This, in turn, is also encouraging hydrolyzed wheat protein market growth owing to the increased lactose-intolerant consumers. This innovative product line of ready-to-eat product with no compromise in taste and texture has, in turn, boosted the overall plant protein market. Moreover, favorable government policies to reduce various diseases, such as obesity and diabetes, by controlling meat consumption, is anticipated to drive the plant protein market growth in the coming years.
North America Holds a Significant Market Share
When developing protein supplements or high protein food and drink products, the protein content is often boosted by incorporating a protein hydrolysate in food products. The North America continues to capture the largest market share for hydrolyzed wheat protein followed by Europe and Asia-Pacific. Consumers in the United States are continually demanding beverages that provide sensory taste as well as the required nutritional benefits.
The rise in the adoption of plant-based food & beverages owing to the awareness among consumers about the benefits offered by a plant-based diet is one of the major factors spurring the demand of plant-based protein beverages across the country. On top of that, according to South China Morning Post, the launch of US food & beverages products that have plant-based mentioned grew by 268% between 2012 and 2018, which shows the adaptability rate among consumers.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Application
5.1.1 Food & Beverage
5.1.1.1 Bakery
5.1.1.2 Cereals & Cereal Products
5.1.1.3 RTD Beverages and Powdered Beverage Mixes
5.1.1.4 Confectionery
5.1.1.5 Others
5.1.2 Animal Feed
5.1.3 Cosmetics & Personal Care
5.2 By Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia Pacific
5.2.4 South America
5.2.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 IMPACT OF COVID-19 ON THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/ehxfdv
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