North America Wheat Protein Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Wheat Gluten, Wheat Protein Isolates, Textured Wheat Protein, and Hydrolyzed Wheat Protein), Form (Dry and Liquid), and Application (Bakery & Snacks, Pet Food, Nutritional Bars & Drinks, Processed Meat, Meat Analogs, and Others)
Market Introduction
North America comprises developed and developing countries such as the US, Canada, and Mexico. North America is likely to account for a remarkable share of the wheat protein market during the forecast period. Consumers in the US and Canada are shifting their preferences toward a healthy lifestyle and prefer products that provide health benefits. Therefore, the increasing health concerns among consumers drive the wheat protein market in North America. Wheat is a significant agricultural commodity in North America and across the globe. Also, wheat protein product manufacturing companies in North America are continuously enhancing their product portfolio to meet the customers' demand. The key players offering wheat protein products in North America include Cargill Incorporated; MGP Ingredients, Inc.; and Archer Daniels Midland Company. In addition, the rising prevalence of chronic diseases has led to an increased demand for plant proteins like wheat and oat proteins. While most people in North America are becoming physically active, obesity is a significant concern, leading to chronic cardiovascular diseases (CVDs), high blood pressure, and high cholesterol levels among the masses. A few non-profit and government institutions, such as the American Institute for Cancer Research, 2015–2020 Dietary Guidelines for Americans (DGA), and Health Canada, encourage plant-based diets. Therefore, the increasing concerns for obesity in the US and Canada are driving the wheat protein market.
North America is one of the worst affected economies due to the COVID-19 pandemic. The significant disruption in manufacturing facilities, along with raw material sourcing, has had a negative impact on the demand for wheat protein in the country. Along with this, the shutdown of manufacturing units, bakeries across the North American countries during the pandemic has had a negative impact on the wheat protein market. Along with this, the pandemic has had a negative impact on the food supply chains, simultaneously affecting farm production, food processing, transport, and logistic. During the pandemic, there have been changes in the consumer lifestyle which has led to an increase in demand for healthy food and beverage products. The growing consumer focus on health and wellbeing due to the pandemic is also expected to promote the demand for wheat protein in the North American market.
Market Overview and Dynamics
The wheat protein market in North America is expected to grow from US$ 952.17 million in 2021 to US$ 1,102.79 million by 2028; it is estimated to grow at a CAGR of 2.1% from 2021 to 2028. The growing food & beverages industry is expected to boost the growth of the wheat protein market in the upcoming years. The increase in the consumption of nutritional supplements, bakery products, and snacks is positively impacting the wheat protein market growth in North America. Wheat protein is widely being used in sports and energy drinks, as it helps enhance the athlete's power, strength, and physical performance. These factors are influencing the growth of the wheat protein market in North America.
Key Market Segments
North America wheat protein market is segmented into product, form, application, and country. Based on product, the North America wheat protein market is segmented into wheat gluten, wheat protein isolates, textured wheat protein, and hydrolyzed wheat protein. In 2020, the wheat gluten segment accounted for the largest revenue share. The North America wheat protein market, by form, is bifurcated into dry and liquid. In 2020, the dry segment accounted for a larger revenue share. The North America wheat protein market, by application, is segmented into bakery & snacks, pet food, nutritional bars & drinks, processed meat, meat analogs, and others. In 2020, the bakery and snacks segment accounted for the largest revenue share. Based on country, the North America wheat protein market is segmented into US, Canada, and Mexico. US held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the wheat protein market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Archer Daniels Midland Company; Cargill, Incorporated; Kröner-Stärke GmbH; Manildra Group; MGP Ingredients Inc.; Roquette Frères; and Tereos Group.
Reasons to buy report
- To understand the North America wheat protein market landscape and identify market segments that are most likely to guarantee a strong return.
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America wheat protein market.
- Efficiently plan M&A and partnership deals in North America wheat protein market by identifying market segments with the most promising probable sales.
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America wheat protein market.
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America Wheat Protein Market Segmentation
North America Wheat Protein Market - By Product
- Wheat Gluten
- Wheat Protein Isolates
- Textured Wheat Protein
- Hydrolyzed Wheat Protein
North America Wheat Protein Market - By Form
- Dry
- Liquid
North America Wheat Protein Market - By Application
- Bakery & Snacks
- Pet Food
- Nutritional Bars & Drinks
- Processed Meat
- Meat Analogs
- Others
North America Wheat Protein Market - By Country
- US
- Canada
- Mexico
North America Wheat Protein Market - Company Profiles
- Archer Daniels Midland Company
- Cargill, Incorporated
- Kröner-Stärke GmbH
- Manildra Group
- MGP Ingredients Inc.
- Roquette Frères
- Tereos Group
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. North America Wheat Protein Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Expert Opinion
5. North America Wheat Protein Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Usage of Wheat Protein in End-Use Industries
5.1.2 Rising Need for Natural and Organic Ingredients
5.2 Market Restraints
5.2.1 Presence of Substitutes
5.3 Market Opportunities
5.3.1 Growing Demand for Meat Analogs
5.4 Future Trends
5.4.1 Rising Acceptance of Clean-Label and Plant-Based Products
5.5 Impact Analysis
6. Wheat Protein Market– North America Analysis
6.1 Wheat Protein Market Overview
6.2 North America Wheat Protein Market –Revenue and Forecast To 2028 (US$ Million)
7. North America Wheat Protein Market Analysis – By Product
7.1 Market Overview
7.2 North America Wheat Protein Market, By Product (2020 and 2028)
7.3 Wheat Gluten
7.3.1 Overview
7.3.2 Wheat Gluten: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Wheat Protein Isolates
7.4.1 Overview
7.4.2 Wheat Protein Isolates: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Textured Wheat Protein
7.5.1 Overview
7.5.2 Textured Wheat Protein: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Hydrolyzed Wheat Protein
7.6.1 Overview
7.6.2 Hydrolyzed Wheat Protein: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
8. North America America Wheat Protein Market - By Form
8.1 Market Overview
8.2 North America Wheat Protein Market, By Form (2020 and 2028)
8.3 Dry
8.3.1 Overview
8.3.2 Dry: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Liquid
8.4.1 Overview
8.4.2 Liquid: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Wheat Protein Market Analysis – By Application
9.1 Overview
9.2 North America Wheat Protein Market, By Application (2020 and 2028)
9.3 Bakery & Snacks
9.3.1 Overview
9.3.2 Bakery & Snacks: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Pet Food
9.4.1 Overview
9.4.2 Pet Food: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Nutritional Bars & Drinks
9.5.1 Overview
9.5.2 Nutritional Bars & Drinks: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Processed Meat
9.6.1 Overview
9.6.2 Processed Meat: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Meat Analogs
9.7.1 Overview
9.7.2 Meat Analogs: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
10. North America Wheat Protein Market – Country Analysis
10.1 Overview
10.1.1 North America Wheat Protein Market Breakdown, by Country
10.1.1.1 US Wheat Protein Market Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US Wheat Protein Market Breakdown by Product
10.1.1.1.2 US Wheat Protein Market Breakdown by Application
10.1.1.1.3 US Wheat Protein Market Breakdown by Form
10.1.1.2 Canada Wheat Protein Market Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada Wheat Protein Market Breakdown by Product
10.1.1.2.2 Canada Wheat Protein Market Breakdown by Application
10.1.1.2.3 Canada Wheat Protein Market Breakdown by Form
10.1.1.3 Mexico Wheat Protein Market Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico Wheat Protein Market Breakdown by Product
10.1.1.3.2 Mexico Wheat Protein Market Breakdown by Application
10.1.1.3.3 Mexico Wheat Protein Market Breakdown by Form
11. Overview- Impact of Coronavirus Outbreak
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Merger & Acquisition
12.2 Product News
12.3 Strategic and Business Planning
12.4 Expansion & Collaboration
13. Company Profiles
13.1 Roquette Frères
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Kröner-Stärke GmbH
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Cargill, Incorporated
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Manildra Group
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 MGP Ingredients Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Tereos Group
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Archer Daniels Midland Company
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Development
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America Wheat Protein Market –Revenue and Forecast To 2028 (US$ Million)
Table 2. US: Wheat Protein Market, by Product, 2019–2028 (US$ Million)
Table 3. US: Wheat Protein Market, by Application, 2019–2028 (US$ Million)
Table 4. US: Wheat Protein Market, by Form, 2019–2028 (US$ Million)
Table 5. Canada: Wheat Protein Market, by Product, 2019–2028 (US$ Million)
Table 6. Canada: Wheat Protein Market, by Application, 2019–2028 (US$ Million)
Table 7. Canada: Wheat Protein Market, by Form, 2019–2028 (US$ Million)
Table 8. Mexico: Wheat Protein Market, by Product, 2019–2028 (US$ Million)
Table 9. Mexico: Wheat Protein Market, by Application, 2019–2028 (US$ Million)
Table 10. Mexico: Wheat Protein Market, by Form, 2019–2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Wheat Protein Market Segmentation
Figure 2. North America Wheat Protein Market Segmentation – By Country
Figure 3. North America Wheat Protein Market Overview
Figure 4. North America Wheat Protein Market, by Product
Figure 5. North America Wheat Protein Market, by Country
Figure 6. North America PEST Analysis
Figure 7. Expert Opinion
Figure 8. North America Wheat Protein Market Impact Analysis of Drivers and Restraints
Figure 9. North America: Wheat Protein Market – Revenue and Forecast To 2028 (US$ Million)
Figure 10. North America Wheat Protein Market Revenue Share, By Product (2020 and 2028)
Figure 11. North America Wheat Gluten: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Wheat Protein Isolates: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Textured Wheat Protein: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Hydrolyzed Wheat Protein: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Wheat Protein Market Revenue Share, By Form (2020 and 2028)
Figure 16. North America Dry: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Liquid: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Wheat Protein Market Breakdown, by Application (2020 and 2028)
Figure 19. North America Bakery & Snacks: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Pet Food: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Nutritional Bars & Drinks: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Processed Meat: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America Meat Analogs: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America Others: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America Wheat Protein Market, by Key Country - Revenue (2020) (US$ Million)
Figure 26. North America Wheat Protein Market Breakdown, by Country, 2020 & 2028 (%)
Figure 27. US Wheat Protein Market Forecasts To 2028 (US$ Million)
Figure 28. Canada Wheat Protein Market Forecasts to 2028 (US$ Million)
Figure 29. Mexico Wheat Protein Market Forecasts to 2028 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in North America
- Archer Daniels Midland Company
- Cargill, Incorporated
- Kröner-Stärke GmbH
- Manildra Group
- MGP Ingredients Inc.
- Roquette Frères
- Tereos Group
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America wheat protein market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America wheat protein market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the wheat protein market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution