North America Wheat Protein Market Top Manufacturers and Competitive Developments Analysis and 2028

According to a new market research study on “North America Wheat Protein Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product, Form, and Application” is expected to reach US$ 1,102.79 million by 2028 from 952.17 US$ million in 2021. The market is estimated to grow at a CAGR of 2.1% from 2021 to 2028. The report provides trends prevailing in the North America wheat protein market along with the drivers and restraints pertaining to the market growth. Rising usage of wheat protein in end-use Industries is the major factor driving the growth of the North America wheat protein market. However, issues associated with presence off substitutes hinders the growth of North America wheat protein market.  

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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

The North America wheat protein market is expected to maintain a strong position, with the US, Canada, and Mexico being key players. The region is poised to capture a significant share of the wheat protein market throughout the forecast period. In the US and Canada, there is a growing shift towards healthier lifestyles, with consumers increasingly opting for products that offer health benefits. This rising health consciousness is driving the demand for wheat protein in North America. Wheat, a vital agricultural commodity in the region and globally, serves as a primary source of protein, and companies in North America are continually expanding their product portfolios to meet customer demand. Prominent players in the market include Cargill Incorporated, MGP Ingredients, Inc., and Archer Daniels Midland Company.

Additionally, the rising prevalence of chronic diseases such as cardiovascular diseases (CVDs), high blood pressure, and obesity is boosting the demand for plant-based proteins like wheat and oat proteins. Various institutions, including the American Institute for Cancer Research, the 2015–2020 Dietary Guidelines for Americans (DGA), and Health Canada, advocate for plant-based diets. The growing concerns over obesity in the US and Canada are further driving the wheat protein market's growth.

The COVID-19 pandemic severely impacted the North American economy, disrupting manufacturing facilities and raw material sourcing, which negatively affected the demand for wheat protein. The shutdown of manufacturing units and bakeries, along with disruptions in food supply chains, further contributed to a slowdown in market growth. However, the pandemic also shifted consumer lifestyles, increasing demand for healthy food and beverage options. This growing focus on health and well-being is expected to drive further demand for wheat protein products in the region.

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights

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