Defatted Wheat Germ Powder Market Size, Share, Growth, and Industry Analysis, By Type (Food Grade and Pharmaceutical Grade), By Application (Health Food, Pharmaceutical, Germ Protein Powder and Others), Regional Insights, and Forecast To 2032

Updated On: 22 April 2024

defatted wheat germ powder market REPORT OVERVIEW

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The global defatted wheat germ powder market size was USD 687.56 million in 2021 and market is projected to touch USD 1065.51 million by 2032 at CAGR 4.06% during the forecast period.

Defatted wheat germ powder is derived from wheat germ through a process that removes its oil content. Known for its rich nutrient profile, it retains essential vitamins, minerals, and proteins. Used widely in the food industry, it enhances nutritional value in baked goods, cereals, and supplements. The defatting process makes it a lower-fat alternative while preserving the wheat germ's health benefits, such as its high vitamin E content, making it valuable for those seeking nutritional supplementation.

COVID-19 Impact: Imposed Restrictions in the Economy Resulted in Decline in the Market

The COVID-19 problem has had an impact on the global economy, causing a strict lockdown and a halt to day-to-day activities in every industry the risks of a worldwide recession, as well as job losses, surged. In this situation, it became imperative to predict the level of uncertainty, for which companies are adopting strategies to maximize returns, despite the market fluctuations. The financial implications of the lockdown measures have had a profound impact on the market. Supply chain disruptions have been prevalent, hampering the growth prospects of the Defatted Wheat Germ Powder industry. This has resulted in a market drop as well; there was a direct and indirect impact from numerous sectors producing Defatted Wheat Germ Powder. With the revival of the market following COVID-19, we are seeing a recovery of the market where the blanks are restructured with product innovation and investments into R&D activities to develop advanced technologies to meet advanced requirements, which will project a proposed increase in the defatted wheat germ powder market share in the forecasted period.

LATEST TRENDS

"Growing Demand for Healthy and Nutrient-Rich Food Ingredients Reshaping the Market "

The major trend of a growing demand for healthy and nutrient-rich food ingredients in the market is driven by increasing consumer awareness of health and wellness. As consumers become more health-conscious, there is a rising preference for food products that offer nutritional benefits. Defatted wheat germ powder, known for its high protein, fiber, and vitamin content, aligns with this consumer demand for wholesome and nutrient-dense ingredients. The shift towards healthier eating habits and a desire for functional foods is prompting manufacturers to incorporate defatted wheat germ powder into various food formulations. The increasing consumer demand for healthy and nutrient-rich food ingredients is reshaping the market. Fueled by a growing awareness of health and wellness, this trend is prompting food manufacturers to diversify their product offerings, incorporating defatted wheat germ powder into various items such as baked goods and nutritional supplements. As consumers increasingly prioritize healthier eating habits, the market is expanding globally. Brands are strategically positioning their products as health-focused, influencing consumer purchasing decisions and fostering collaborations within the food industry to meet the rising demand for nutritionally beneficial ingredients.

defatted wheat germ powder market SEGMENTATION

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• By Type

Based on Type market is classified as Food Grade and Pharmaceutical Grade.

• By application

Based on application market is classified as Health Food, Pharmaceutical, Germ Protein Powder and Others.

DRIVING FACTOR

"Rising Awareness of Nutritional Benefits results in Flourishing Demand of the Market"

The significant driving force behind the defatted wheat germ powder market growth is the increasing awareness of its nutritional benefits. Consumers are becoming more conscious of their dietary choices and are actively seeking food ingredients that offer health-promoting properties. Defatted wheat germ powder, being a rich source of protein, fiber, vitamins, and minerals, aligns with the growing emphasis on nutritious and functional foods. As nutritional education and awareness campaigns gain momentum, consumers are recognizing the potential health advantages of incorporating defatted wheat germ powder into their diets. The rise in awareness of the nutritional benefits of defatted wheat germ powder has several effects on the market. Firstly, it stimulates heightened consumer demand for products containing this ingredient, leading to increased sales and market growth. Secondly, food manufacturers respond to this demand by incorporating defatted wheat germ powder into a variety of products, from baked goods to nutritional supplements, driving product diversification. Thirdly, the trend influences marketing strategies, with brands highlighting the nutritional profile of their products containing defatted wheat germ powder to appeal to health-conscious consumers. Overall, the cause-and-effect relationship between increasing awareness of nutritional benefits and market dynamics results in a flourishing demand for defatted wheat germ powder.

"Growing Embrace of Plant-Based Diets to Fuel Market Growth"

A pivotal driving force in the market is the expanding embrace of plant-based diets. As consumers worldwide increasingly prioritize health, environmental sustainability, and ethical considerations, there is a notable shift towards plant-centric eating habits. Defatted wheat germ powder, derived from the nutrient-rich germ of wheat, perfectly aligns with the plant-based trend. Rich in protein, fiber, and essential nutrients, it becomes a preferred choice for individuals seeking plant-derived alternatives for a variety of food applications. The growing embrace of plant-based diets has profound effects on the market. Firstly, it fuels increased demand for plant-based ingredients, including defatted wheat germ powder, as consumers actively seek alternatives to animal-derived products. This surge in demand prompts food manufacturers to integrate defatted wheat germ powder into an array of plant-based products, from meat substitutes to dairy alternatives. As a result, the market witnesses heightened product innovation and diversification. The cause-and-effect relationship between the embrace of plant-based diets and the market dynamics contributes significantly to the sustained growth and relevance of defatted wheat germ powder in the evolving landscape of dietary preferences.

RESTRAINNG FACTOR

"Price Volatility of Raw Materials to Negatively Impact the Market "

A substantial restraining factor in the market is the volatility in the prices of raw materials. The production of defatted wheat germ powder involves the processing of wheat germ, and fluctuations in the prices of wheat can directly impact the cost of manufacturing. External factors such as weather conditions, geopolitical events, and global supply and demand dynamics can lead to unpredictable price variations in the wheat market. This volatility creates challenges for manufacturers in terms of cost management and can result in inconsistent pricing for defatted wheat germ powder. The price volatility of raw materials, particularly wheat, has several effects on the market. Firstly, it introduces uncertainty in production costs, making it challenging for manufacturers to maintain stable pricing for their products. Secondly, the impact of unpredictable costs may lead to reduced profit margins for manufacturers, hindering investment in research, development, and marketing efforts. Thirdly, buyers may experience fluctuations in the cost of defatted wheat germ powder, impacting their purchasing decisions. Overall, the cause-and-effect relationship between the price volatility of raw materials and market dynamics poses a significant challenge to the stability and growth of the defatted wheat germ powder market.

defatted wheat germ powder market REGIONAL INSIGHTS

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"North America Expected to Hold Major Share Market owing to Advanced Agriculture Sector"

Based on region, the global defatted wheat germ powder market is classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa, where North America is dominating the global market and is expected to dominate during the forecast period owing to their advanced agricultural practices and well-established food processing industries. Consumer awareness of health and wellness trends is high in these regions, which may drive demand for nutrient-rich ingredients like defatted wheat germ powder.

KEY INDUSTRY PLAYERS

"Financial Players to Contribute Towards Expansion of Market"

The market is extremely competitive and consists of various global and regional players. Global market is majorly driven by the top manufacturers, which holds higher share of the market. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures. The report is an extensive research of a list of market players who contribute towards the expansion of the market. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and others. Other factors such as regional wise analysis and segment wise analysis are also considered to understand the market share, product growth, revenue growth and others during the forecasted period.

List of market players Profiled

• VIOBIN (U.S)
• Kun Hua Biological Technology (China)
• Adams Food Ingredients (Ornua) (U.K)
• Cargill (U.S.)
• Garuda International (Indonesia)

REPORT COVERAGE

The SWOT analysis and information on future developments are covered in the study. The research report includes a study of a number of factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.