Table of Contents
Wheat Protein Market Overview
Wheat protein, known as gluten, comprises gliadin and glutenin, forming a vital network for dough structure and elasticity in baking.
Gliadin increases extensibility, while glutenin adds strength, creating the gluten network responsible for trapping gas during baking, aiding dough rising and texture development.
Widely used in baking, processed foods, and vegetarian options for its binding properties and meat-like texture, wheat protein sees increasing demand due to the rise of plant-based proteins.
However, regulatory concerns about gluten intolerance need addressing. Nonetheless, wheat protein’s versatility and sustainability make it a crucial ingredient in the food industry, with ongoing innovations meeting consumer demands.
Market Drivers
The global wheat protein market is being driven by increasing demand for plant-based protein sources due to growing health and environmental awareness.
The rise in vegan and vegetarian populations worldwide has heightened the need for wheat protein, which serves as a key ingredient in meat substitutes and plant-based foods.
Its versatility in bakery, confectionery, snacks, and beverages further fuels market growth. Advancements in food processing and ingredient innovations are enhancing wheat protein-based products, offering improved sensory attributes and nutritional profiles.
Overall, these factors paint a promising picture for the global wheat protein market, with abundant opportunities for growth and innovation ahead.
Market Size
The Global Wheat Protein Market is anticipated to grow from USD 5.3 Billion in 2022 to about USD 7.3 Billion by 2032, with an estimated CAGR of 3.40% from 2023 to 2032.
List of Major Companies
These are the top ten companies operating in the Wheat Protein Market:
Nestle
Company Overview
| Establishment Year | 1866 |
| Headquarter | Vevey, Switzerland |
| Key Management | Paul Bulcke (Chairman) |
| Revenue (US$ Bn) | $ 103.5 Billion (2022) |
| Headcount | ~ 270,000 (2022) |
| Website | https://www.nestle.com/ |
About Nestlé
Nestlé’s proactive expansion into the nutrition and wellness sectors, particularly in wheat protein, is evident through strategic acquisitions and product innovations.
Recently, Nestlé Health Science acquired Puravida, a Brazilian brand renowned for nutrition-focused products, reinforcing Nestlé’s commitment to bolstering its global nutrition business.
Additionally, Nestlé is pioneering in the plant-based food arena, introducing products like Vrimp, a plant-based shrimp alternative made from pea protein and konjac root, and a vegan egg replacer under the Garden Gourmet brand.
These endeavors align with Nestlé’s overarching strategy to cater to evolving consumer preferences for healthier and more sustainable options.
Notably, Nestlé’s robust performance in key markets like Latin America, witnessing significant growth in dairy, coffee, and culinary solutions, further underscores the company’s strategic prowess.
Geographical Presence
Nestlé SA, headquartered in Vevey, Switzerland, maintains a vast geographical presence across all continents, operating in over 180 countries worldwide.
From the Americas to Europe, Asia, and Africa, Nestlé has established itself as a leading food and beverage conglomerate.
With significant operations in key markets such as the United States, China, India, and numerous others, Nestlé strategically caters to diverse consumer preferences and demands.
This extensive global reach underscores Nestlé’s position as a prominent player in the global food industry, allowing it to serve consumers on a global scale effectively.
Recent Developments
- In September 2023, Nestlé sold its peanut allergy treatment business, Palforzia, to Stallergenes Greer, a biopharmaceutical firm focused on allergy diagnosis and treatment.
- In May 2022, Nestle Health Science, a division of Nestle SA, agreed to purchase Puravida, a Brazilian brand based in São Paulo. Puravida specializes in nutritional and lifestyle products, including drink mixes, protein powders, and snacks.
Cargill
Company Overview
| Establishment Year | 1865 |
| Headquarter | Minnetonka, Minnesota, U.S. |
| Key Management | Brian Sikes (Chairman and CEO) |
| Revenue (US$ Bn) | $ 165.0 B (2022) |
| Headcount | ~ 155,000 (2023) |
| Website | http://www.cargill.com/ |
About Cargill
Cargill, Incorporated, a prominent figure in the global food and agriculture sector, has been actively bolstering its presence in the wheat protein market.
Offering a range of wheat protein products, including specialized brands like Gluvital® and Prowliz®, Cargill caters to diverse food and beverage applications owing to their unique visco-elastic properties and neutral flavor profiles.
These products are part of Cargill’s broader plant-based protein portfolio, emphasizing sustainability and nutritional advantages.
Recent endeavors include the launch of the Crave House™ brand, which offers plant-based protein options, reflecting the industry’s shift towards more sustainable and health-conscious food choices.
This strategic move aligns with Cargill’s commitment to innovation, responding to evolving consumer preferences while contributing to a more sustainable food system.
Geographical Presence
Cargill maintains a widespread geographical presence across more than 70 countries on various continents.
Headquartered in Minnetonka, Minnesota, since its establishment in 1865, Cargill has strategically expanded its operations worldwide.
From its strong foothold in North America, including the United States, Canada, and Mexico, to its extensive reach in regions like South America, Europe, Asia-Pacific, and Africa.
Cargill demonstrates a steadfast commitment to serving diverse markets while leveraging local resources and expertise to drive sustainable growth and deliver value globally.
Recent Developments
- In April 2024, for Earth Day, PT Sorini Agro Asia Corporindo, a Cargill subsidiary, teamed up with 30 forest farmers and 35 employees to evaluate plant health and forest coverage in Dayurejo Village Forest, part of Pasuruan Regency, East Java, Indonesia. This initiative highlights their commitment to environmental assessment and community involvement.
- In April 2024, Cargill announced a new partnership with Voyage Foods to offer delicious, nutritious, and sustainable cocoa-based product alternatives and nut spreads free from their traditional ingredients, peanuts and hazelnuts.
Kerry
Company Overview
| Establishment Year | 1972 |
| Headquarter | Tralee, Ireland |
| Key Management | Edmond Scanlon (CEO) |
| Revenue (US$ Bn) | $ 8.7 Billion (2022) |
| Headcount | ~ 23,000 (2024) |
| Website | http://www.kerrygroup.com/ |
About Kerry Group
Kerry Group, a leading player in the global taste and nutrition sector, has recently bolstered its position in the wheat protein and wider plant-based protein market through strategic acquisitions.
One notable move includes acquiring Pevesa, a prominent plant-based protein ingredients producer, reinforcing Kerry’s presence in hydrolyzed plant protein offerings.
This aligns with Kerry’s focus on expanding its plant protein portfolio to meet the rising demand for sustainable and health-conscious food options.
Additionally, Kerry Group has expanded its presence in China with the acquisition of Tianning Flavour & Fragrance, enhancing its capabilities in the Asian market and diversifying its global flavor and fragrance portfolio.
These acquisitions underscore Kerry’s dedication to innovation and growth in the plant-based sector, aligning with evolving consumer preferences toward healthier and more sustainable food choices.
Geographical Presence
Weetabix Limited, a key player in Wheat Proteins, has strategically positioned itself globally, with a strong presence in Europe, including the UK, Germany, France, Spain, and Italy.
It has also expanded into North America, Asia (China, Japan, South Korea), Africa, and the Middle East (South Africa, UAE), tapping into the growing demand for healthy breakfast options.
This strategic expansion has cemented Weetabix’s position as a global leader in the industry, capitalizing on diverse consumer preferences across continents.
Recent Development
- In March 2024, Kerry Dairy launched Smug Dairy, which blends oats and dairy.
- In August 2023, Kerry Group collaborated with Unigrain to create premium sustainable dairy alternatives for the Asia-Pacific plant-based market.
PepsiCo
Company Overview
| Establishment Year | 1898 |
| Headquarter | New York, U.S. |
| Key Management | Ramon Laguarta (Chairman & CEO) |
| Revenue (US$ Bn) | $ 91.4 Billion (2023) |
| Headcount | ~ 318,000 (2023) |
| Website | http://pepsico.com/ |
About PepsiCo
PepsiCo has been actively exploring and expanding its portfolio in the plant-based protein sector. Recently, PepsiCo enhanced its presence in this market through strategic acquisitions like CytoSport, which is known for its protein products like Muscle Milk.
This acquisition aligns with PepsiCo’s focus on sports and protein-enriched beverages, reflecting the company’s commitment to diversifying into health-oriented products as part of its broader beverage strategy.
Geographical Presence
PepsiCo operates in over 200 countries and territories globally, utilizing well-known brands like Pepsi, Lay’s, and Gatorade.
With a strong presence in North America and Europe, the company focuses on brand innovation and distribution.
Growth in key markets like China and India in the Asia-Pacific region, along with strategic investments in the Middle East and Africa, enhances PepsiCo’s global expansion efforts, catering to varied consumer tastes and seizing emerging opportunities.
Recent Development
- In April 2024, PepsiCo recalled certain batches of Schweppes Ginger Ale labeled as “sugar-free” and “caffeine-free,” according to FDA reports.
- In November 2023, PepsiCo launched its first Wheat Protein Quaker Chewy Granola under the Quaker Chewy brand.
Roquette-Freres
Company Overview
| Establishment Year | 1957 |
| Headquarter | Lestrem, France |
| Key Management | Dominique Roquette (Associate Founder) |
| Revenue (US$ Bn) | $ 4.6 B (2022) |
| Headcount | ~ 8,000 (2022) |
| Website | https://www.roquette.com/ |
About Roquette Frères
Roquette Frères, a key player in plant-based ingredients, has strengthened its presence in wheat protein with recent developments.
They’ve established a new Plant Protein Center of Expertise in Vic-sur-Aisne, France, to enhance R&D in plant-based proteins, fostering innovation across food sectors.
Additionally, Roquette has launched the world’s largest pea protein plant in Portage la Prairie, Manitoba, boosting production capacity and reaffirming its leadership in the plant protein industry.
These expansions align with Roquette’s strategy to meet the growing global demand for plant-based proteins and sustainable food solutions, showcasing its dedication to innovation and sustainability and cementing its pivotal role in the plant-based protein market.
Geographical Presence
Roquette Frères, a global leader in plant-based ingredients, maintains a strong geographical presence across Europe, North America, and the Asia-Pacific region.
With key production facilities and offices strategically located in France, the United States, and other strategic locations, the company caters to a diverse range of industries, including food and beverage, pharmaceuticals, and personal care.
Roquette’s expansion into emerging markets like China and India underscores its commitment to meeting the growing demand for sustainable and nutritious ingredients worldwide.
Through an extensive network of subsidiaries and distributors, Roquette ensures widespread accessibility of its innovative products, reaffirming its position as a premier provider of plant-based solutions on a global scale.
Recent Developments
- In March 2024, Roquette Frères finalized a deal to purchase International Flavors & Fragrances’ Pharma Solutions division for $2.85 billion.
- In October 2023, Roquette Frères announced the acquisition of Qualicaps from the Mitsubishi Chemical Group.
Archer-Daniels
Company Overview
| Establishment Year | 1902 |
| Headquarter | Chicago, Illinois, U.S. |
| Key Management | Juan Luciano (Chairman and CEO) |
| Revenue (US$ Bn) | $ 93.9 Billion (2023) |
| Headcount | ~ 41,802 (2023) |
| Website | http://adm.com/ |
About Archer Daniels Midland
Archer Daniels Midland Company (ADM) is actively expanding its capabilities in the wheat protein and broader plant-based protein sectors.
Recently, ADM invested approximately $300 million to enhance its alternative protein production facilities in Decatur, Illinois.
This expansion aims to double the extrusion capacity nearly and includes the establishment of a new Protein Innovation Center designed to accelerate product development and innovation.
Additionally, ADM’s acquisition of Sojaprotein, a leading European provider of non-GMO soy ingredients, significantly bolsters its plant-based protein offerings.
This acquisition is part of ADM’s broader strategy to increase its global alternative protein production capacity. It reflects its commitment to meeting the rising global demand for sustainable and nutritious food options.
Geographical Presence
ADM maintains a robust global presence across North America, Europe, South America, and Asia-Pacific. With strategic facilities and infrastructure in key locations, ADM efficiently sources, processes, and distributes agricultural commodities and products.
In North America, ADM’s extensive network spans the United States and Canada, while in Europe, it operates across multiple countries to serve diverse industries.
In South America, ADM plays a significant role in countries like Brazil and Argentina, leveraging abundant agricultural resources.
Meanwhile, its presence in the dynamic Asia-Pacific region enables ADM to engage with emerging markets and deliver innovative solutions.
Overall, ADM’s widespread geographical footprint underscores its commitment to serving global markets and driving sustainable growth.
Recent Developments
- In April 2022, ADM announced plans to invest around $300 million to expand its alternative protein production in Decatur, Illinois, in response to increasing demand.
- In November 2021, ADM finalized its acquisition of Sojaprotein, a top European supplier of non-GMO soy ingredients.
Kellogg
Company Overview
| Establishment Year | 1906 |
| Headquarter | Chicago, Illinois, US |
| Key Management | Steven Cahillane (Chairman & CEO) |
| Revenue (US$ Bn) | $ 13.1 Billion (2023) |
| Headcount | ~ 23,000 (2023) |
| Website | http://kellanova.com/ |
About Kellogg’s
Kellogg’s has been actively enhancing its offerings in the wheat protein sector with recent product innovations.
Particularly notable is the expansion of their Special K brand, which now includes options with higher plant-based protein content.
This aligns with consumer trends toward healthier, high-protein diets. For instance, they’ve launched Special K High Protein cereal, offering 20 grams of plant-based protein per serving, catering to the increasing demand for nutritious breakfast options.
Additionally, Kellogg’s continues to innovate across its product ranges to meet diverse consumer needs, from health-focused foods to indulgent treats, thus maintaining its competitive edge in the rapidly evolving food market.
Geographical Presence
Kellogg Company boasts a global presence spanning North America, Europe, the Middle East, Africa, Asia-Pacific, and Latin America.
Headquartered in Battle Creek, Michigan, USA, Kellogg holds strong market positions in key regions such as the United States, Canada, Mexico, the United Kingdom, Germany, France, Italy, Spain, China, India, Japan, Australia, South Korea, Brazil, Argentina, Chile, and Colombia.
Leveraging its iconic brands and diversified product portfolio, Kellogg strategically penetrates diverse markets, adapting to local preferences and emerging trends in health and wellness.
With a commitment to innovation and consumer satisfaction, Kellogg continues to solidify its position as a global leader in the food manufacturing industry.
Recent Developments
- In April 2024, Rice Krispies Treats launched Chocolatey Peanut Butter.
- In August 2022, Kellogg Co. introduced three fresh variations to its Special K cereal line, designed to cater to distinct snacking moments referred to as “food moods” by the company.
MGP
Company Overview
| Establishment Year | 1941 |
| Headquarter | Atchison, Kansas, United States |
| Key Management | David Bratcher (CEO) |
| Revenue (US$ Bn) | $ 836.5 Million (2022) |
| Headcount | ~ 705 (2022) |
| Website | https://www.mgpingredients.com/ |
About MGP Ingredients
MGP Ingredients, Inc. has demonstrated significant advancement in the wheat protein sector through innovative strategies and expansion initiatives.
The recent announcement of a new $16.7 million extrusion plant highlights their commitment to enhancing production capabilities for the ProTerra line of texturized proteins.
They expect to increase production by up to 10 million pounds annually by late 2023. Moreover, the attainment of a low FODMAP certification from Monash University for their Arise® wheat protein isolates is a notable achievement, catering to consumers with digestive sensitivities like Irritable Bowel Syndrome (IBS).
These developments underscore MGP’s proactive stance in meeting market demands and aligning with current health trends, emphasizing both production expansion and product innovation to address specific consumer needs.
Geographical Presence
MGP Ingredients, Inc. has a strong geographical presence, primarily centered in the United States, with production facilities in Atchison, Kansas, and Lawrenceburg, Indiana.
These facilities serve as pivotal points for its distillation, milling, and blending operations. Complementing its domestic presence, MGP has extended its reach internationally, with distribution networks spanning Europe, Asia-Pacific, and Latin America.
This global expansion reflects the company’s commitment to delivering quality products to diverse markets worldwide, positioning MGP as a significant player in the global spirits and specialty ingredients industries.
Recent Development
- In February 2022, MGP Ingredients disclosed that its Arise® wheat protein isolates have obtained low FODMAP certification from Monash University.
- In February 2022, MGP Ingredients revealed plans for constructing a cutting-edge extrusion facility to manufacture its ProTerra texturized proteins. The plant will be situated next to the company’s current location in Atchison, Kansas.
General-Mills
Company Overview
| Establishment Year | 1856 |
| Headquarter | Golden Valley, Minnesota, U.S. |
| Key Management | Jeffrey Harmening (Chairman and CEO) |
| Revenue (US$ Bn) | $ 20.1 Billion (2023) |
| Headcount | ~ 34,000 (2023) |
| Website | http://www.generalmills.com/ |
About General Mills
General Mills is actively involved in the wheat protein sector, prioritizing innovation to meet the changing preferences of consumers seeking protein-rich and health-focused foods.
An example is the launch of Wheaties Protein, a revamped version of their popular cereal with over 20 grams of protein per serving, appealing to health-conscious individuals and athletes alike.
Additionally, General Mills has expanded strategically through acquisitions, such as acquiring Tyson Foods’ pet treats business, enhancing their presence in the growing U.S. pet food market.
These moves align with their strategy to optimize their portfolio for growth by focusing on high-growth areas and utilizing acquisitions to boost shareholder value, demonstrating their dedication to innovation and competitiveness in the consumer goods industry.
Geographical Presence
General Mills, Inc. boasts a widespread geographical presence across North America, Europe, Latin America, Asia Pacific, and other global markets.
With a focus on strategic acquisitions and organic growth, the company has established a strong foothold in key regions worldwide.
In North America, General Mills dominates various food categories, while in Europe, it navigates diverse consumer landscapes with localized product offerings.
Expanding into Latin America, the company capitalizes on the increasing demand for packaged foods, while in the Asia Pacific region, it adapts its portfolio to suit local tastes.
Leveraging its brand equity and operational prowess, General Mills remains poised for growth and expansion across global markets.
Recent Development
- In December 2023, General Mills launched Cheerios Veggie Blends.
- In November 2023, General Mills announced the acquisition of Fera Pets, Inc.
Glanbia
Company Overview
| Establishment Year | 1997 |
| Headquarter | Kilkenny, Ireland |
| Key Management | Henry Corbally (Chairman) |
| Revenue (US$ Bn) | $ 5.4 Billion (2022) |
| Headcount | ~ 6,163 (2023) |
| Website | http://www.glanbia.com/ |
About Glanbia
Glanbia plc has emerged as a prominent player in the market by strategically catering to the surging consumer demand for protein-enriched foods and beverages.
Embracing the trend towards both plant-based and dairy protein products, the global nutrition group has innovated its product line to align with diverse dietary preferences, including flexitarian diets blending plant and dairy sources.
Furthermore, Glanbia’s recent strategic acquisitions, such as Foodarom, bolster their flavoring capabilities, while investments like the new cheese and whey plant in Michigan underscore their commitment to expanding manufacturing capacities.
These moves reflect Glanbia’s broader strategy to diversify offerings and reinforce its position in the dynamic nutrition landscape, ensuring it remains responsive to evolving consumer needs worldwide.
Geographical Presence
Glanbia plc, a leading global nutrition group, maintains a significant geographical presence across key regions worldwide.
With operations spanning North America, Europe, and emerging markets in Asia Pacific, Latin America, and the Middle East, Glanbia strategically positions itself to meet diverse consumer needs and capitalize on evolving market opportunities.
In North America, particularly the United States and Europe, the company operates numerous facilities and distribution networks.
Additionally, Glanbia has expanded its reach into burgeoning markets where increasing consumer awareness about health and wellness drives demand for its nutrition products.
This global footprint underscores Glanbia’s commitment to serving consumers worldwide while leveraging growth opportunities across diverse regions.
Recent Developments
- In April 2023, Glanbia finalized the sale of its stake in Glanbia Cheese, a prominent European mozzarella producer, to Leprino Foods Company.
- In September 2022, Glanbia Co-op distributed about 12 million Glanbia plc shares to over 11,000 of its members through a “spin-out” process.
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