Wheat Gluten Market Size Worth USD 1.37 billion with Significant Growth Rate of 8.22% CAGR From 2019 To 2024

Wheat Gluten Market Size Worth USD 1.37 billion with Significant Growth Rate of 8.22% CAGR From 2019 To 2024

“Wheat Gluten Market”
Wheat Gluten Market is probable to grow with a significant growth rate of 8.22% from 2019 to 2024, Global Wheat Gluten Market categorizes the Worldwide Market by Type and Region | Wheat Gluten Industry

Wheat Gluten Market Scenario

The Global Wheat Gluten Market is projected to grow with a significant growth rate of 8.22% from 2019 to 2024 and reach a market value of USD 1.37 billion by the end of 2024.

Wheat Gluten is plant-derived used in many applications like baking goods, bread, and biscuits, baking mixtures, frozen baked goods, breakfast cereals. Gluten is among the most complex protein networks and plays a key role in determining the rheological dough properties. Additionally, Wheat Gluten Market is observing an exponential growth based on its high usage in the feed and bakery industry. The major types of Wheat Gluten available in the market include liquid and powder form type. The major share of Wheat Gluten Market was witnessed in North America, which held 22.9% of market share in the year 2017.   

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The growing demand for gluten-fortified breakfast cereals, Non-food uses of gluten in feed industries, improving quality of feed and bakery products are expected to drive the Wheat Gluten market. Increased awareness about the Wheat Gluten has raised the bar for quality of feed and bakery products, which, in turn, has increased the market share of Wheat Gluten globally. The market players are responding to these new opportunities by expanding their service offerings/product lines, which has boosted the share of Wheat Gluten in the global market.

Based on the form, powder type are expected to witness the highest growth rate of 8.65% on a global level. Liquid forms are also expected to grow rapidly during the forecast period. Moreover, on the basis of application, bakery and Confectionary segment is dominating the market over past years and is projected to witness high growth at a CAGR of 6.27% over the forecast period followed by supplements segment.

Competitive Analysis

The major key players in Wheat Gluten are:

  • Pioneer Industries Limited (India)
  • Royal Ingredients Group BV (Netherlands)
  • Meelunie B.V. (Netherlands)
  • Cargill, Incorporated (US)
  • Amilina AB (Lithuania)
  • Permolex Ltd (Canada)
  • Tereos SCA (France)
  • Z&F Sungold Corporation (China)
  • Bryan W. Nash & Sons Limited (UK)
  • Ardent Mills LLC (US)

By Downstream Analysis

On the basis of the form, the market is categorized into liquid and powder. Among them, powder segment accounted for the highest market share of 75.11% in the year of 2017, and the segment is expected to reach USD 3541.7 million with registering a CAGR of 8.65% during the forecast period of 2017-2023.

On the basis of application, the Wheat Gluten Market is categorized into Bakery & Confectionary, Supplements, animal feed and other application. Bakery & Confectionary segment is anticipated to account for the maximum market proportion in the global Wheat Gluten Market over the forecast period of 2017-2023. The segment is projected to reach USD 2123.0 million by the end of 2023. However, supplements segment is projected to register the substantial growth rate of 6.33% during the forecast period 2017-2023.

Regional Analysis

Among the regions, North America is dominating the Wheat Gluten Market with over 22.9% of the global market share and is projected to reach more than USD 1115.2 million by 2023. Europe is expected to grow at the highest rate followed by Asia Pacific over the forecast period. Moreover, North America is projected to witness the highest growth rate during the forecast period 2017-2023 in which the U.S. is expected to grow at the highest growth rate. In North America, the U.S. is dominating the market with a leading market share of 42.1% in the year 2017.

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