Wheat Gluten Market Summary
As per Market Research Future Analysis, the Global Wheat Gluten Market was valued at USD 8.4 billion in 2022 and is projected to reach USD 15.4 billion by 2030, growing at a CAGR of 9.0% from 2023 to 2030. The market is driven by increasing consumer preference for organic and natural foods, rising veganism, and the demand for meat substitutes. Wheat gluten is primarily used in bakery and confectionery products, contributing significantly to its market share.
Key Market Trends & Highlights
Key trends influencing the wheat gluten market include health consciousness and the rise of plant-based diets.
- The bakery & confectionery segment held the majority share in 2022 and is expected to grow at the fastest rate.
- North America accounted for USD 3.8 billion in 2022, driven by a growing number of vegans and health-conscious consumers.
- The powder form of wheat gluten dominated the market in 2022, with increasing demand for organic products.
- Asia-Pacific is anticipated to maintain its second-place ranking, with India being the fastest-growing market in the region.
Market Size & Forecast
2022 Market Size | USD 8.4 Billion |
2023 Market Size | USD 9.2 Billion |
2030 Market Size | USD 15.4 Billion |
CAGR (2023-2030) | 9.0% |
Major Players
Royal Ingredients Group BV (Netherlands), Pioneer Industries Limited (India), Cargill Incorporated (US), Meelunie B.V. (Netherlands), Permolex Ltd (Canada), Amilina AB (Lithuania), Z&F Sungold Corporation (China), Tereos SCA (France), Ardent Mills LLC (US), Bryan W. Nash & Sons Limited (UK)