Global Textured Wheat Protein Market, By Source (Organic, Convectional), Form (Granules, Chips and Chunks, Shreds), Application (Bakery and Snacks, Pet Food, Nutritional Bars and Drinks, Processed Meat, Meat Analogs, Sports Food, Animal Feed, Others), End User (Vegetarian, Fillings, Comminuted Meat, Emulsified Meat, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
Market Analysis and Insights of Textured Wheat Protein Market
Data Bridge Market Research analyses that the global textured wheat protein market will project a CAGR of 5.00% for the forecast period of 2022-2029. Growth and expansion of the food and beverages industry, growing focus on innovations by the food and beverages sector, rising consumer consciousness towards the consumption of nutritional food items, changings tastes and preferences of consumers, rising demand for protein rich food products and increasing personal disposable income by the major companies are the major factors attributable to the growth of textured wheat protein market.
Textured wheat protein is considered to be a byproduct of soybean oil or a defatted soy flour product that is consumed to meet the bodily protein requirements. Textured wheat protein has a vague flavor and is also known as textured soy protein, soy meat, or soya chunks. Textured wheat protein is often used as a meat extender in various food applications.
Rising personal disposable income and growing number of restaurants, hotels and other such food and beverage outlets especially in the developing economies are the major factors fostering the growth of the textured wheat protein market. Changing lifestyle, westernization, rising research and development initiatives taken by major companies especially in the developing economies, growing knowledge about the sustainable ecosystem, surging awareness among the people in regards to the benefits of textured wheat protein and on-going shift in the dietary habits among consumers are acting as textured wheat protein market growth determinants. Improving distribution channel, surging awareness about maintaining health and fitness, rising demand for plant based protein and growing adoption of urban lifestyle will further induce growth in the textured wheat protein market value.
However, inadequate technological evolutions will pose a major challenge to the growth of the textured wheat protein market. Easy availability of product substitutes, misconceptions about the consumption of soy and soy related products and supply chain disruptions owing to the pandemic will further restrict the scope of growth for the textured wheat protein market. High cost associated with the research and development activities will also hamper the textured wheat protein market growth rate.
This textured wheat protein market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on textured wheat protein market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Textured Wheat Protein Market Scope and Market Size
The textured wheat protein market is segmented on the basis of source, form, application and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the textured wheat protein market is segmented into organic and conventional.
- On the basis of form, the textured wheat protein market is bifurcated into granules, chips and chunks, and shreds.
- On the basis of application, the textured wheat protein market is fragmented into bakery and snacks, pet food, nutritional bars and drinks, processed meat, meat analogs, sports food, animal feed, and others.
- On the basis of end user, the textured wheat protein market is segregated into vegetarian, fillings, comminuted meat, emulsified meat, and others.
Textured Wheat Protein Market Country Level Analysis
The textured wheat protein market is analyses and market size, volume information is provided by country, source, form, application and end user as referenced above.
The countries covered in the textured wheat protein market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America and Europe region dominate the textured wheat protein market and will continue to flourish its trend of dominance during the forecast period owing to the tremendous popularity and substantial consumption of plant-based protein in the region. Asia-Pacific region will score the highest growth rate owing to the growing levels of consumption protein rich clean label food items, rising demand for vegan products, growing population, surging lifestyle changes, changing lifestyle, and increasing personal disposable income.
The country section of the textured wheat protein market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Textured Wheat Protein Market Share Analysis
The textured wheat protein market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to textured wheat protein market.
Some of the major players operating in the textured wheat protein market are Foodchem International Corporation, BENEO, WUHAN GOLDEN WING INDUSTRY&TRADE Co., LTD, MGP, ADM, AGRANA Beteiligungs-AG, Crespel & Deiters Group, Cargill, Incorporated, Manildra Group, Roquette Frères, GLICO NUTRITION CO., LTD., Kröner -Starke GmbH, TEREOS, Anhui Reapsun Food, BASF SE, ROBERTET, Kerry and Givaudan among others.
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