Europe Wheat Gluten Market Trends Report, Size, Segments, Growth & Forecast Overview
"Executive Summary Europe Wheat Gluten Market Size and Share: Global Industry Snapshot
Europe wheat gluten market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing with a CAGR of 7.6% in the forecast period of 2022 to 2029 and is expected to reach USD 865.11 million by 2029 from USD 489.63 million in 2021.
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Europe Wheat Gluten Market Trends & Analysis
Segments
- Based on type, the Europe wheat gluten market can be segmented into vital wheat gluten, and regular wheat gluten. Vital wheat gluten, also known as wheat protein, is a natural protein found in wheat, typically comprising 75%-80% protein. It is commonly used as a meat substitute in vegetarian and vegan diets due to its high protein content. Regular wheat gluten, on the other hand, is a lower protein content alternative to vital wheat gluten.
- By application, the market can be segmented into bakery products, pet food, animal feed, and others. Bakery products hold a significant share in the market as wheat gluten is often used as a dough strengthener and elasticity enhancer in bread and pastry products. The growing demand for healthy and nutritious bakery items has propelled the use of wheat gluten in this segment.
- On the basis of distribution channel, the market is segmented into direct sales and indirect sales. Indirect sales can further be divided into specialty stores, online retail, and others. The indirect sales segment holds a substantial share as consumers prefer the convenience of purchasing wheat gluten products through various retail channels.
Market Players
- Some of the key players in the Europe wheat gluten market include Tereos, CropEnergies AG, Crespel & Deiters GmbH & Co. KG, Roquette Frères, MGP Ingredients, Cargill, and Kröner-Stärke. These companies are actively involved in product innovation, expansion strategies, and mergers and acquisitions to enhance their market presence and cater to the growing demand for wheat gluten products in the region.
- Other notable players in the market are Pioneer Industries Limited, Royal Ingredients Group, Chamtor, Tereos Syral, Agridient, Manildra Group, Anhui Ruifuxiang Food Co., Ltd., and Crop's nv. These companies play a significant role in shaping the competitive landscape of the Europe wheat gluten market through their diverse product portfolios and strong distribution networks.
The Europe wheat gluten market continues to witness growth driven by several factors, including the increasing popularity of plant-based diets, rising awareness regarding the health benefits of wheat gluten, and the growing demand for gluten-rich products in various industries. Vital wheat gluten, with its high protein content, is particularly gaining traction as a meat substitute among vegetarians and vegans, thereby fueling its demand in the region. Additionally, the use of wheat gluten as a dough strengthener and elasticity enhancer in bakery products is contributing to the market growth, especially with the rising consumer preference for healthy and nutritious bakery items.
Market players in the Europe wheat gluten market are actively engaged in product innovation and expansion strategies to maintain a competitive edge in the market. Companies such as Tereos, Roquette Frères, and Cargill are focusing on new product development to cater to changing consumer preferences and enhance their market presence. Furthermore, mergers and acquisitions are also prevalent in the market, with players like CropEnergies AG and Crespel & Deiters GmbH & Co. KG expanding their operations to meet the increasing demand for wheat gluten products.
The segmentation of the Europe wheat gluten market based on distribution channels into direct sales and indirect sales offers diverse opportunities for market players to reach a wider customer base. Indirect sales channels such as specialty stores and online retail platforms are witnessing significant growth as consumers seek the convenience of purchasing wheat gluten products from various retail channels. This shift in consumer buying behavior is driving market players to explore different distribution strategies to enhance their market reach and visibility.
Overall, the Europe wheat gluten market is poised for continued growth due to factors such as the increasing adoption of plant-based diets, the rising demand for gluten-rich products in various industries, and the efforts of key market players to innovate and expand their product offerings. With consumer preferences evolving towards healthier and sustainable food options, wheat gluten products are expected to remain in high demand, presenting opportunities for further market expansion and development in the region.The Europe wheat gluten market is experiencing steady growth driven by several key factors. The increasing trend towards plant-based diets is a significant driver of market growth, as wheat gluten, particularly vital wheat gluten, serves as a protein-rich alternative for vegetarians and vegans. The rising awareness of the health benefits associated with wheat gluten further fuels its demand in the region. Additionally, the utilization of wheat gluten in bakery products as a dough strengthener and elasticity enhancer is playing a crucial role in driving market growth. With consumers increasingly opting for healthier and nutritious bakery items, the demand for wheat gluten in this segment is expected to continue to rise.
Market players in the Europe wheat gluten sector are actively engaged in various strategies to maintain their competitive positioning. Companies such as Tereos, Roquette Frères, and Cargill are focusing on product innovation to align with evolving consumer preferences and strengthen their market presence. Moreover, mergers and acquisitions are prevalent in the market, with companies like CropEnergies AG and Crespel & Deiters GmbH & Co. KG expanding their operations to meet the growing demand for wheat gluten products.
The segmentation of the Europe wheat gluten market based on distribution channels presents diverse opportunities for market players to expand their reach. Indirect sales channels such as specialty stores and online retail platforms are witnessing notable growth as consumers increasingly prefer the convenience of purchasing wheat gluten products from various retail outlets. This shift in consumer behavior is pushing market players to explore different distribution strategies to enhance their market visibility and accessibility.
Looking ahead, the Europe wheat gluten market is primed for continued growth driven by the ongoing trends towards plant-based diets, the demand for gluten-rich products across industries, and the persistent efforts of key market players in innovation and product expansion. As consumer preferences continue to evolve towards healthier and sustainable food choices, wheat gluten products are expected to remain in high demand, offering opportunities for further market expansion and development in the region.
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Europe Wheat Gluten Market Overview: Strategic Questions for Analysis
- How large is the Europe Wheat Gluten Market in terms of market cap?
- How rapidly is the Europe Wheat Gluten Market expanding globally?
- What are the major verticals identified in the segmentation analysis for Europe Wheat Gluten Market?
- Who are the industry leaders mentioned in the Europe Wheat Gluten Market report?
- Which countries show strong Europe Wheat Gluten Market activity?
- What corporations have major influence on Europe Wheat Gluten Market trends?
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