Market Size of Europe Wheat Protein Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.56 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Wheat Protein Market Analysis
Europe wheat protein market is projected to grow at a CAGR of 5.72% during the forecast period (2020-2025).
- The market studied has witnessed a significant growth due to the increasing intolerance toward animal protein, thereby leading to the shift in preference of the meat-consuming population toward meat substitutes made of vegan protein, therefore, driving the market studied.
- There has been a significant increase in the demand for wheat protein application in animal feed, due to the growing awareness regarding animal health, which is anticipated to drive the demand for wheat protein in the forecast period. Therefore catering the market studied.
- Cargill, ADM, and AGRANA are some of the prominent players operating in the market studied. These companies, in order to retain their position within the market or gain an advantage over its competitors, are focusing on R&D to develop innovative product offerings that can be used in varied applications.
Europe Wheat Protein Industry Segmentation
The Europe wheat protein market is by type, available as wheat gluten, wheat protein isolate, textured wheat protein and others. By application, the market is segmented into bakery, processed meat, nutritional bars, animal nutrition and others. By geography, the countries included in the market studied are Spain, the United Kingdom, Germany, France, Italy, Russia and rest of Europe.
Europe Wheat Protein Market Size Summary
The European wheat protein market is experiencing notable growth, driven by a shift in consumer preferences towards vegan protein alternatives due to increasing intolerance towards animal protein. This trend is particularly evident among meat consumers who are opting for meat substitutes made from plant-based proteins, thereby boosting the demand for wheat protein. Additionally, the rising awareness of animal health has led to a significant increase in the use of wheat protein in animal feed, further propelling market expansion. Key industry players such as Cargill, ADM, and AGRANA are actively engaging in research and development to create innovative products that cater to diverse applications, helping them maintain a competitive edge in the market.
The bakery sector in Europe is a major contributor to the wheat protein market's growth, as gluten derived from wheat is extensively used for its binding and nutritional properties. The unique viscoelastic network formation of wheat gluten makes it a preferred choice for bakery applications, enhancing the taste and texture of baked goods. Countries like Germany play a significant role in the market due to high consumer demand for alternative protein sources. The competitive landscape is marked by the presence of major players headquartered in the region, who are focused on developing new products to meet the increasing demand. Innovations such as Archer Daniels Midland Company's Nutriance, a high-protein wheat concentrate, highlight the industry's commitment to catering to both sports and senior nutrition markets.
Europe Wheat Protein Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Wheat Gluten
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2.1.2 Wheat Protein Isolate
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2.1.3 Textured Wheat Protein
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2.1.4 Others
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2.2 By Application
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2.2.1 Bakery
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2.2.2 Processed Meat
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2.2.3 Nutritional Bars
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2.2.4 Animal Nutrition
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2.2.5 Others
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2.3 Geography
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2.3.1 Spain
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2.3.2 United Kingdom
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2.3.3 Germany
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2.3.4 France
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2.3.5 Italy
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2.3.6 Russia
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2.3.7 Rest of Europe
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Europe Wheat Protein Market Size FAQs
What is the current Europe Wheat Protein Market size?
The Europe Wheat Protein Market is projected to register a CAGR of 7.56% during the forecast period (2024-2029)
Who are the key players in Europe Wheat Protein Market?
Archer Daniels Midland, Cargill, Incorporated, AGRANA Beteiligungs-AG, Roquette Frères and Tereos Starch & Sweeteners s.a.s. are the major companies operating in the Europe Wheat Protein Market.
