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.
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Some of the major players operating in the textured wheat protein market are Foodchem International Corporation, BENEO, WUHAN GOLDEN WING INDUSTRYTRADE 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.
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.
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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.
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