South America Wheat protein Market

The wheat protein market in SAM is expected to grow from US$ 288.26 million in 2021 to US$ 342.38 million by 2028; it is estimated to grow at a CAGR of 2.5% from 2021 to 2028.

Meat analogs are food products produced to mimic meat products' flavor, appearance, and texture. Meat analogs are raising the interest of various consumers looking for indulgent, healthy, low environmental impact, cost-effective, ethical, and new food products. In recent years, the consumption of meat analogs has grown for varied reasons such as health concerns, personal beliefs, and social causes. Textured plant-based proteins, primarily soy, wheat, and their combinations are used to improve the mouthfeel and simulate the "original meat texture" in the meat analogs, owing to the texture generated when they are hydrated during the cooking process. The textured wheat protein offers a meat-like texture and is consequently used for partial or complete meat replacement. Textured wheat protein has an excellent neutral taste and stable, hydrated texture, making it suitable for various applications, especially meat analogs. Besides, textured wheat proteins play a significant role in the formulation of meat analogs because they offer a variety of shape, size, and color offerings, ease of formulation, and nutritional benefits (high protein and no cholesterol). Thus, the growing vegan population, coupled with increasing demand for meat analogs, is the key factor expected to create lucrative growth opportunities for the wheat protein market during the forecast period.

Brazil reported the highest number of COVID-19 cases, followed by Argentina, Peru, Chile, and Ecuador among others. The government of SAM has taken an array of actions to protect its citizens and combat the spread of the COVID-19 virus through lockdowns, trade bans, and travel restrictions. This may have a direct impact on the growth of the wheat protein market due to significant disruptions in terms of sourcing of raw materials from suppliers as well as temporary closures of the manufacturing base due to indefinite lockdowns and temporary quarantines. As there have been relaxations in the lockdown, there has been an increase in demand for healthy bakery items and plant-based protein, which is increasing the demand for the wheat protein market. Along with this, an increase in demand for meat alternatives in countries such as Brazil is driving the wheat protein market in SAM.  

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM wheat protein market. The SAM wheat protein market is expected to grow at a good CAGR during the forecast period.

SAM Wheat Protein Market Revenue and Forecast to 2028 (US$ Million)

SAM Wheat Protein Market Segmentation

SAM Wheat Protein Market – By Product

• Wheat Gluten
• Wheat Protein Isolates
• Textured Wheat Protein
• Hydrolyzed Wheat Protein

SAM Wheat Protein Market – By Form

• Dry
• Liquid

SAM Wheat Protein Market – By Application

• Bakery & Snacks
• Pet Food
• Nutritional Bars & Drinks
• Processed Meat
• Meat Analogs
• Others

SAM Wheat Protein Market, by Country

• Brazil
• Argentina
• Rest of SAM

SAM Wheat Protein Market - Companies Mentioned

• Archer Daniels Midland Company
• Cargill, Incorporated
• Kröner-Stärke GmbH
• Roquette Frères
• Tereos Group

South America Wheat protein Market Strategic Insights

South America Wheat protein Market Segmentation Analysis

South America Wheat protein Market Report Highlights

South America Wheat protein Report Scope

South America Wheat protein Market Country and Regional Insights