The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Wheat Protein Global Market Report 2024, the wheat protein market is expected to show significant growth in the forecast period.

Explosive Growth Trends in Wheat Protein Market

• From $3.27 billion in 2023 to $3.48 billion in 2024 at a CAGR of 6.2%
• Forecasted to reach $4.66 billion in 2028 with a CAGR of 7.6%
• Historic and future growth attributed to various factors including traditional use, nutritional value, and increased demand

Plant-Based Diets Driving Market Expansion

• Shift towards plant-based diets fuels wheat protein market
• Growing demand for substitutes for animal protein and dairy products
• Significant market players include Archer Daniels Midland Company, Cargill Inc., and Roquette Freres SA

Strategic Partnerships Fueling Innovation

• Major companies forming strategic partnerships to meet consumer demand
• Examples include Archer Daniels Midland (ADM) partnering with Farmers Business Network (FBN)
• Beyond Meat collaborating with Roquette to enhance pea protein supply

JBS Expands Presence with Vivera Acquisition

• JBS acquires Vivera, a Netherlands-based company, for €341 million ($409 million)
• Strengthens JBS’s position in the alt-protein market
• Vivera specializes in plant-based protein products

Market Segmentation

• Product types include Gluten, Protein Isolate, Textured Protein, and others
• Forms encompass Dry and Liquid
• Nature segments into Organic and Conventional
• Applications range from Dairy to Nutritional Supplements

Regional Dynamics

• North America dominated the wheat protein market in 2023
• Asia-Pacific poised for fastest growth in the forecast period

View More On The Wheat Protein Market Report 2024 –
https://www.thebusinessresearchcompany.com/report/wheat-protein-global-market-report

Request A Sample Of The Global Wheat Protein Market Report 2024:
https://www.thebusinessresearchcompany.com/sample_request?id=6456&type=smp

The Wheat Protein Global Market Report 2024  provides an in-depth analysis on the wheat protein market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the wheat protein market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Protein Expression Global Market Report 2024

Malted Wheat Flour Global Market Report 2024

Protein Labeling Global Market Report 2024

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