“Wheat Gluten Market expected to reach more than 8.18% CAGR growth forecast period 2019-2023, Global Wheat Gluten Market Categorizes by Form, Application and Region”
—
Wheat Gluten Market – Overview
The rise of the organic food trend globally has made its presence felt in a broad range of food categories. Reports that review the food, beverage, and nutrition industry have been offered by Market Research Future, which generates reports on industry verticals that evaluate the market development and opportunities. The market is likely to utilize a CAGR of 8.18%to earn revenues amounting to USD 4593.5 million by 2023.
The surging dietary concerns have globally given way to the growth of the wheat gluten market. Also, positive changes in consumer consumption patterns are expected to create favorable traction for the growth of the wheat gluten market in the impending period. The bakery industry is expected to be a key driver of change in the wheat gluten market and will also create many favorable prospects for development.
Get a Free Sample Report with Table of Content@ https://www.marketresearchfuture.com/sample_request/6252
Competitive Analysis
The fiscal policies that are in effect in the market are expected to lead to a robust pace of development. The leverage created by the companies by deploying marketing strategies and activities is further enhancing the expansion of the market. The enhancement of production facilities is expected to motivate the market’s progress. The trade liberalization in the market and technological developments are expected to encourage the development of the market in the approaching years. The level of competitiveness of the environment in the market is expected to be reasonable as there is ample scope for progress. The market is anticipated to display positive signs for market growth in the approaching period. The demographic changes are expected to show a positive effect on the progress of the market. The surge in e-commerce activities is expected to motivate the market in the upcoming years.
The major contenders in the wheat gluten market comprise of Royal Ingredients Group (Netherlands), Meelunie (Netherlands), Pioneer Industries Limited (India), Cargill Inc. (U.S.), Tereos (France), Permolex International (Canada), AB Amilina (Lithuania), among others.
Segmental Analysis
The segment-based study of the wheat gluten market is carried out on the basis of form, region, and application. On the basis of form, the wheat gluten market comprises of powder and liquid. The powdered wheat gluten segment leads the market and is projected to see an astounding CAGR of 8.65% through the forecast period. Though, the liquid-based format is not going to slow and can have the benefit of a healthy growth rate. The application-based segmentation of the wheat gluten market consists of animal feed, bakery and confectionary, supplements, and others. The bakery & confectionery segment is anticipated to create the highest market portion and attain a market assessment of USD 2123 million by 2023. At present, this segment is responsible for a 45.6% of the global market share. However, the supplement segment is also expected to show healthy growth by gaining a CAGR of 6.33% during the forecast period. The regions considered in the wheat gluten market are Asia Pacific, North America, Europe, and the Rest of the World (RoW).
Detailed Regional Analysis
The region-wise assessment of the Wheat Gluten Market comprises Europe, North America, Asia Pacific, and the Rest of the World. The North American region is at present, leading the market with over 22.9% of the overall market share. The region has the capability to reach up to USD 1115.2 million by the conclusion of 2023. The European region is directly following the lead of the North American region with an expected value of USD 952.4 million by 2023. With the control of a 19.1% market share in 2017, the region is looking out for more opportunities to develop in the market. Germany has the highest share and adds majorly to the expansion of the sector and is expected to carry on doing so in the foreseeable future to help the region in gaining a noteworthy CAGR of 9.70% through the review period.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Info:
Name: Abhishek
Email: Send Email
Organization: Market Research Future
Address: Office No. 528, Amanora Chambers Pune – 411028 Maharashtra, India
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/wheat-gluten-market-6252
Source: MarketersMedia
Release ID: 88903360
