The wheat protein market is expected to reach $3.2 billion by 2028, driven by rising demand

From GlobeNewswire: 2024-10-03 08:30:00

The wheat protein market is projected to reach USD 3.2 billion by 2028, growing at a CAGR of 4.9%. Increase in consumer preference for meat analogs is a key driver, with plant-based alternatives gaining popularity. Wheat protein is becoming a nutritional powerhouse in the evolving pet food market, meeting the demand for high-quality pet food. North America, especially the US, Canada, and Mexico, is expected to be a catalyst for market growth. Wheat protein concentrate at 75% concentration dominates the market due to affordability and wide nutrient range. Europe leads in wheat protein consumption, driven by the rising costs of animal protein.



Read more at GlobeNewswire: Innovations in the Wheat Protein