Wheat gluten, which is a combination of glutens and gliadins, is also known as wheat protein. Gluten is a protein found in wheat grains. Wheat gluten comes in two different forms: powder and liquid. Wheat starch is used as a thickening agent in food and is an essential part of the food industry. In bread wheat, gluten accounts for 75–85 percent of the total protein. It's an emulsifier, stabiliser, and glazing agent that can be used to make gels and adhesives in addition to acting as a fat substitute.
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According to NIIR PROJECT CONSULTANCY SERVICES (NPCS), the Indian starch and starch derivative market is projected to grow at a CAGR of 5.1% during the forecast period 2020-2025.
Opportunities: Growing potential for plant-based proteins: -
In order to make quick purchasing decisions, consumers nowadays look for words like "natural," "organic," and "GMO-free." As a result, plant-based protein products continue to be the better choice in terms of growth potential. The positioning of plant-based proteins as a sustainable food source is expected to increase demand for soy proteins, potato proteins, wheat proteins, pea proteins, and other plant-based proteins. Furthermore, the cost benefit, as well as a certain degree of awareness about the authenticity of naturally-sourced items, are just a few of the reasons why this market has been rising in popularity.
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Rapid growing demand: -
The global wheat starch market is benefiting from the growing global population, especially the growing middle-class population. The industry's growth is aided by rapidly growing urbanisation and rising demand for processed foods. Wheat starch is a better choice since it is low in calories and gluten-free. The industry is expected to expand further as people's health consciousness grows, causing them to turn to healthy food choices.
Related Book: The Complete Technology Book on Starch and Its Derivatives
The increased demand for wheat starch, which is used in personal hygiene and grooming products such as cleansers, dry shampoo, and lotions, has resulted from the rapid growth in demand for these products. The wheat starch industry is being pushed forward by globalisation and a rise in the variety of personal care products.
Strategic Insights: -
Companies also use strategy and strategic planning strategies to extend their presence globally, which has an effect on market size. To expand their customer base and gain substantial market share around the world, players in the wheat protein market employ a strategy of expansion and investment in research and development, which also allows them to retain their brand name globally.
Asia Pacific Market: -
Due to increased demand for meat-free diets and a change in consumer preference for healthier food choices, the Asia Pacific region is expected to be the fastest growing region. During the forecast era, demand growth in this area is expected to be driven by a rise in R&D for plant-based protein, an increasing vegan population, new product launches, and growing investments in the bakery industry.
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Global arcade: -
During the forecast period, 2018 to 2023, the global wheat gluten market is projected to grow at an annual rate of 8.21%. The global wheat protein market is expected to be worth USD 2.4 billion in 2021 and USD 3.1 billion by 2026, representing a CAGR of 5.0 percent. In 2020, the global wheat starch market will be worth $3.84 billion. Pioneer Industries Limited, ARDENT MILLS, Anhui Ante Food Co., Ltd., Royal Ingredients Group, Bryan W Nash & Sons Ltd. are some of the major competitors currently operating in the global wheat gluten industry.
Conclusion: -
NPCS is a well-known technical consultancy providing focused services and we have been following stringent system and procedure to ensure only top quality strictly in conformity with delivering the needs of our clients in this rapidly growing & changing market. For the further requirement of business investment in projects, kindly contact Niir Project Consultancy Services (NPCS).