Global Hydrolyzed Wheat Protein Market: Overview
Proteins are the vital building block of human life required for hair and skin growth and maintenance. It also offers needed protection and nutrients for a healthy and vibrant look. Protein makes up around 25% of the largest organ in the human body. Hydrolyzed whey protein is a non-genetical amber-colored modified product extracted from wheat grains. It is an oligosaccharide and a rich source of non-animal protein. The wheat hydrolysis includes wheat nutrient extraction via the enzymatic or alkaline process. Hydrolyzed whey proteins are widely utilized in different cultures and industries today globally. These proteins comprise wheat as the main ingredient and are said to have no side effects.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Global Hydrolyzed Wheat Protein Market: Growth Factors
The global hydrolyzed wheat protein market is expected to grow with a healthy CAGR of 3.5 % during the forecast period due to the emerging trends and transforming market landscape globally. The alarming spike in the prevalence of the celiac disease is significantly spurring the demand for hydrolyzed wheat in the baking sector. However, this factor also contributes to the growth in demand for hydrolyzed wheat protein in the cosmetics sector. Additionally, the rising number of people suffering from baldness and damaged hair, particularly due to the usage of chemical hair treatments, has emerged as another key reason promulgating its demand. Hydrolyzed wheat protein can effectively treat damaged hair as its enzymatic properties create lustrous hair appearance and also add volume to them. Owing to the modern lifestyle, a growing number of people are facing gluten intolerance issues, thereby inducing people to turn vegan. However, it is expected to stimulate the demand for hydrolyzed wheat protein globally. Also, the new age trend of consuming organic and healthy substitutes is also complementing the growth. The hydrolysis wheat proteins own the property to retain moisture within the skin, thereby maintaining and protecting the screen from drying out. It also helps in reducing the fine lines, wrinkles, and aging. There is a significant growth in consumer awareness regarding such benefits of hydrolyzed wheat protein to the human body, which in turn is likely to exponentially accelerate the growth of the global hydrolyzed wheat protein market in the forthcoming years. The Covid-19 pandemic has negatively impacted the market as manufacturing units were shut down and lockdown was imposed worldwide. But the market is expected to see huge growth post-pandemic due to the growing consciousness of people regarding their health and fitness.
Global Hydrolyzed Wheat Protein Market: Segmentation
The global hydrolyzed wheat protein market can be segmented into application, type, nature, and region.
By application, the market can be segmented into animal feed, bakery & confectionery, conditioner, shampoo & hair care products, lip gloss, lipstick, concealer cosmetics, and others. The bakery & confectionery segment accounts for the largest share in the global hydrolyzed wheat protein market due to the fast proliferating bakery and confectionery segment globally, along with the growing requirement for plant protein by consumers.
By type, the market can be significantly liquid and dry.
By nature, the market and the segmented into conventional and organic.
By distribution channel, the market can be segmented into offline and online channels.
Global Hydrolyzed Wheat Protein Market: Regional analysis
Asia Pacific accounts for the largest share in the global hydrolyzed wheat protein market due to the growing geriatric population and increasing awareness among people regarding the consumption of healthy food. Additionally, the growing disposable income of people and improving living standards are likely to promulgate the growth of the market globally.
North America is expected to be the fastest-growing region in the global hydrolyzed wheat protein market due to the spike in the consumption of dietary supplements and baked goods with lower saturated fat levels in the region. Also, the presence of prominent market leaders in the region will further support the growth of the regional market.
Global Hydrolyzed Wheat Protein Market: Competitive Players
Some of the significant players in the global hydrolyzed wheat protein market are The Herbarie at Stoney Hill Farm, Inc., Organic Creations Inc., Xi'an Sheerherb Biological Technology Co., Ltd, The Scoular Company, Archer Daniels Midland Company, Manildra Group USA, A. Costantino & C., and Hefei TNJ Chemical Industry Co. Ltd.
Global Hydrolyzed Wheat Protein Market: Regional Segment Analysis
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The global hydrolyzed wheat protein market is expected to grow with a healthy CAGR of 3.5 % during the forecast period due to the emerging trends and transforming market landscape globally. The alarming spike in the prevalence of the celiac disease is significantly spurring the demand for hydrolyzed wheat in the baking sector.
Some of the significant players in the global hydrolyzed wheat protein market are The Herbarie at Stoney Hill Farm, Inc., Organic Creations Inc., Xi'an Sheerherb Biological Technology Co., Ltd, The Scoular Company, Archer Daniels Midland Company, Manildra Group USA, A. Costantino & C., and Hefei TNJ Chemical Industry Co. Ltd.
Asia Pacific accounts for the largest share in the global hydrolyzed wheat protein market due to the growing geriatric population and increasing awareness among people regarding the consumption of healthy food. Additionally, the growing disposable income of people and improving living standards are likely to promulgate the growth of the market globally.
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