Wheat Gluten Market 2019 Size, Share, Growth Factors, Global Analysis by Leading Key Players with Forecast to 2023
The global wheat gluten market is likely to be driven at a robust 8.18% CAGR over the forecast period from 2017 to 2023, according to a new report from Market Research Future (MRFR). is mainly driven by the growing demand for vegan alternatives to meat.
pune, India – February 27, 2019 /MarketersMedia/ —
Market Definition:
The global wheat gluten market is likely to be driven at a robust 8.18% CAGR over the forecast period from 2017 to 2023, according to a new report from Market Research Future (MRFR). The global wheat gluten market is mainly driven by the growing demand for vegan alternatives to meat. Wheat gluten is widely used as an alternative to meats in Chinese, Japanese, and other cuisines due to its firm texture and mild flavor. This is likely to remain the major driver for the global wheat market over the forecast period, as the traditional structure for the consumption of wheat gluten is strong in East and Southeast Asian countries. This is likely to drive the global wheat gluten market over the forecast period.
Market Scenario and Key Factors:
The growing demand for organic food and meat alternatives in developed Western countries is also likely to be a major driver for the global wheat gluten market. The growing adoption of veganism is likely to be a major driver for the wheat gluten market in this regard. However, while it is comparable to plant and animal proteins in terms of fiber content, it is not as nutritive as the two, which is likely to hinder its demand in the global market. The global wheat gluten market is also likely to be hindered by the growing prevalence of gluten intolerance and celiac disease in the U.S. and other Western countries. On the other hand, the growing use of wheat gluten in animal feed is likely to be a major driver for the global wheat gluten market over the forecast period, as it represents a highly promising feed material in terms of roughage and protein content. The growing animal feed industry is likely to be a major driver for the global wheat gluten market over the forecast period.
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Competitive Analysis:
Leading players in the global wheat gluten market include Pioneer Industries Limited, Meelunie, AB Amilina, Permolex International, Tereos, Cargill Inc., and Royal Ingredients Group.
Segmentation:
The Global Wheat Gluten Market is segmented on the basis of form, application, and region.
By form, the global wheat gluten market is segmented into powder and liquid. Powder is likely to dominate the global wheat gluten market over the forecast period due to its ease of use and easier storability and transportability than the liquid formulations.
By application, the global wheat gluten market is segmented into bakery and confectionery, animal feed, supplements, and others. Bakery and confectionery products are likely to be the major revenue generator for the global wheat gluten market over the forecast period due to their increasing popularity in developing regions around the world, and the increasing purchasing power of consumers in both the developing as well as developed world.
Regional Analysis:
The global wheat gluten market is segmented by region into Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific is likely to hold a dominant role in the global wheat gluten market over the forecast period due to the growing consumption of wheat gluten in the region. The growing demand for organic meat alternatives in the U.S. and other Western countries is also likely to be a major driver for the global wheat gluten market over the forecast period.
In January 2019, researchers at the Wageningen University & Research in the Netherlands and the National Institute of Agricultural Botany in the UK found a technique to use gene editing through CRISPR-Cas9 to remove the molecules responsible for coeliac disease from wheat gluten. This research could prove vital for the global wheat gluten market over the forecast period, as the growing prevalence of gluten intolerance is the major restraint for the global wheat gluten market and the research could enable manufacturers to produce wheat gluten products that even gluten intolerant people can consume, further increasing their consumer demographic. This is likely to be crucial for the wheat gluten market in North America, where the prevalence of gluten intolerance is quite high. The Europe market for wheat gluten, though, could suffer due to the EU s strict regulations against genetic modification.
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