Asia Pacific Wheat Protein Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Wheat Gluten, Wheat Protein Isolates, Textured Wheat Protein, and Hydrolyzed Wheat Protein), Form (Dry and Liquid), and Application (Bakery & Snacks, Pet Food, Nutritional Bars & Drinks, Processed Meat, Meat Analogs, and Others)
Market Introduction
APAC comprises China, India, Japan, South Korea, and Australia, among other countries. These countries are witnessing a growth in urbanization and a surge in the middle-class population, which provides extensive opportunities for the key market players in the wheat protein market.
The wheat protein market in APAC is anticipated to grow significantly, owing to the economy's overall growth, rise in population, increase in awareness about low calorie and nutritional food, and change in demographics in terms of consumer lifestyle. Countries such as India and China are the leading countries in APAC that are driving the demand for wheat protein, owing to the increase in population, improved lifestyle, and growth of the economy. Prominent players in the wheat protein market, such as Roquette, Manildra Group, Cargill Inc., and Anhui Ruifuxiang, are focusing on providing innovative wheat protein products, leading to opportunities for growth of the wheat protein market in APAC. Along with this, increased demand for meat-free diets and a shift in consumer preference toward nutritious and healthy food products are increasing the demand for wheat protein. Increasing focus on research and development for plant-based protein, growing vegan population, and rising investments in the bakery industry are expected to drive the market in APAC.
The COVID-19 pandemic caused a significant economic loss in APAC. The emergence of new COVID-19 waves in India and other Asian economies has prolonged the effect of the pandemic. It has caused huge disruptions in various industries' growth and supply chain, including the food & beverages industry. The consumption of healthier food products will lead to increased adoption of wheat protein in various bakery products and cereals, among others, thus, having a positive impact on the wheat protein market. Along with this, the manufacturers are focusing on catering to the soaring demand for natural, healthy, clean-label products in post-pandemic times.
Market Overview and Dynamics
The wheat protein market in APAC is expected to grow from US$ 784.76 million in 2021 to US$ 973.02 million by 2028; it is estimated to grow at a CAGR of 3.1% from 2021 to 2028. Moreover, the demand for plant-based protein foods is increasing rapidly in APAC due to the growing trend of vegetarianism and veganism. The demand for protein ingredients in the food & beverages industry has transformed significantly in terms of nutritional value and quality with increased spending on nutritional food products due to the rising income levels. Due to the trend of sports and fitness, the demand for supplement products has also witnessed an upward trend in the region over the past few years. The demand for vegan protein supplements has also seen a surge in countries such as India, Malaysia, and Indonesia. These overall demands for wheat protein in the dietary supplement industry are driving the wheat protein market in APAC. Further, growing functional food products, increasing demand for clean labels, and achieving cost reductions in the manufacturing process in APAC countries, especially China and India, are the major factors driving the organic wheat protein market in the region.
Key Market Segments
APAC wheat protein market is segmented into product, form, application, and country. Based on product, the APAC wheat protein market is segmented into wheat gluten, wheat protein isolates, textured wheat protein, and hydrolyzed wheat protein. In 2020, the wheat gluten segment accounted for the largest revenue share. The APAC wheat protein market, by form, is bifurcated into dry and liquid. In 2020, the dry segment accounted for a larger revenue share. The APAC wheat protein market, by application, is segmented into bakery & snacks, pet food, nutritional bars & drinks, processed meat, meat analogs, and others. In 2020, the bakery and snacks segment accounted for the largest revenue share. Based on country, the APAC wheat protein market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. China held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the wheat protein market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Archer Daniels Midland Company, Cargill Incorporated, Glico Nutrition Co. Ltd; Kröner-Stärke GmbH, Roquette Frères, and Tereos Group.
Reasons to buy report
- To understand the APAC wheat protein market landscape and identify market segments that are most likely to guarantee a strong return.
- Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC wheat protein market.
- Efficiently plan M&A and partnership deals in APAC wheat protein market by identifying market segments with the most promising probable sales.
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC wheat protein market.
- Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.
APAC Wheat Protein Market Segmentation
APAC Wheat Protein Market - By Product
- Wheat Gluten
- Wheat Protein Isolates
- Textured Wheat Protein
- Hydrolyzed Wheat Protein
APAC Wheat Protein Market - By Form
- Dry
- Liquid
APAC Wheat Protein Market - By Application
- Bakery & Snacks
- Pet Food
- Nutritional Bars & Drinks
- Processed Meat
- Meat Analogs
- Others
APAC Wheat Protein Market - By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Wheat Protein Market - Company Profiles
- Archer Daniels Midland Company
- Cargill, Incorporated
- Glico Nutrition Co. Ltd
- Kröner-Stärke GmbH
- Roquette Frères
- Tereos Group
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. APAC Wheat Protein Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Expert Opinion
5. APAC Wheat Protein Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Significant Application of Wheat Protein in End-Use Industries
5.1.2 Natural and Organic Ingredients at High Demand
5.2 Market Restraints
5.2.1 Alternate Options Available
5.3 Market Opportunities
5.3.1 Rising Need for Meat Analogs
5.4 Future Trends
5.4.1 Rising Acceptance of Clean-Label and Plant-Based Products
5.5 Impact Analysis
6. Wheat Protein Market– APAC Analysis
6.1 Wheat Protein Market Overview
6.2 APAC Wheat Protein Market –Revenue and Forecast To 2028 (US$ Million)
7. APAC Wheat Protein Market Analysis – By Product
7.1 Market Overview
7.2 APAC Wheat Protein Market, By Product (2020 and 2028)
7.3 Wheat Gluten
7.3.1 Overview
7.3.2 Wheat Gluten: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Wheat Protein Isolates
7.4.1 Overview
7.4.2 Wheat Protein Isolates: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Textured Wheat Protein
7.5.1 Overview
7.5.2 Textured Wheat Protein: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Hydrolyzed Wheat Protein
7.6.1 Overview
7.6.2 Hydrolyzed Wheat Protein: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC Wheat Protein Market - By Form
8.1 Market Overview
8.2 APAC Wheat Protein Market, By Form (2020 and 2028)
8.3 Dry
8.3.1 Overview
8.3.2 Dry: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Liquid
8.4.1 Overview
8.4.2 Liquid: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC Wheat Protein Market Analysis – By Application
9.1 Overview
9.2 APAC Wheat Protein Market, By Application (2020 and 2028)
9.3 Bakery & Snacks
9.3.1 Overview
9.3.2 Bakery & Snacks: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Pet Food
9.4.1 Overview
9.4.2 Pet Food: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Nutritional Bars & Drinks
9.5.1 Overview
9.5.2 Nutritional Bars & Drinks: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Processed Meat
9.6.1 Overview
9.6.2 Processed Meat: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Meat Analogs
9.7.1 Overview
9.7.2 Meat Analogs: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
10. APAC Wheat Protein Market – Country Analysis
10.1 Overview
10.1.1 APAC Wheat Protein Market Breakdown, by Country
10.1.1.1 Australia Wheat Protein Market Revenue and Forecasts to 2028 (US$ Million)
10.1.1.1.1 Australia Wheat Protein Market Breakdown by Product
10.1.1.1.2 Australia Wheat Protein Market Breakdown by Application
10.1.1.1.3 Australia Wheat Protein Market Breakdown by Form
10.1.1.2 China Wheat Protein Market Revenue and Forecasts to 2028 (US$ Million)
10.1.1.2.1 China Wheat Protein Market Breakdown by Product
10.1.1.2.2 China Wheat Protein Market Breakdown by Application
10.1.1.2.3 China Wheat Protein Market Breakdown by Form
10.1.1.3 India Wheat Protein Market Revenue and Forecasts to 2028 (US$ Million)
10.1.1.3.1 India Wheat Protein Market Breakdown by Product
10.1.1.3.2 India Wheat Protein Market Breakdown by Application
10.1.1.3.3 India Wheat Protein Market Breakdown by Form
10.1.1.4 Japan Wheat Protein Market Revenue and Forecasts to 2028 (US$ Million)
10.1.1.4.1 Japan Wheat Protein Market Breakdown by Product
10.1.1.4.2 Japan Wheat Protein Market Breakdown by Application
10.1.1.4.3 Japan Wheat Protein Market Breakdown by Form
10.1.1.5 South Korea Wheat Protein Market Revenue and Forecasts to 2028 (US$ Million)
10.1.1.5.1 South Korea Wheat Protein Market Breakdown by Product
10.1.1.5.2 South Korea Wheat Protein Market Breakdown by Application
10.1.1.5.3 South Korea Wheat Protein Market Breakdown by Form
10.1.1.6 Rest of APAC Wheat Protein Market Revenue and Forecasts to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC Wheat Protein Market Breakdown by Product
10.1.1.6.2 Rest of APAC Wheat Protein Market Breakdown by Application
10.1.1.6.3 Rest of APAC Wheat Protein Market Breakdown by Form
11. Overview- Impact of Coronavirus Outbreak
11.1 APAC: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Merger & Acquisition
12.2 Product News
12.3 Strategic and Business Planning
12.4 Expansion & Collaboration
13. Company Profiles
13.1 Roquette Frères
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Glico Nutrition Co.,Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Kröner-Stärke GmbH
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Cargill, Incorporated
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Tereos Group
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Archer Daniels Midland Company
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Development
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. APAC Wheat Protein Market –Revenue and Forecast To 2028 (US$ Million)
Table 2. Australia Wheat Protein Market Revenue and Forecasts To 2028 – By Product (US$ Million)
Table 3. Australia Wheat Protein Market Revenue And Forecasts To 2028 – By Application (US$ Million)
Table 4. Australia Wheat Protein Market Revenue And Forecasts To 2028 – By Form (US$ Million)
Table 5. China Wheat Protein Market Revenue and Forecasts To 2028 – Product (US$ Million)
Table 6. China Wheat Protein Market Revenue And Forecasts To 2028 – By Application (US$ Million)
Table 7. China Wheat Protein Market Revenue And Forecasts To 2028 – By Form (US$ Million)
Table 8. India Wheat Protein Market Revenue and Forecasts to 2028 – By Product (US$ Million)
Table 9. India Wheat Protein Market Revenue and Forecasts To 2028 – By Application (US$ Million)
Table 10. India Wheat Protein Market Revenue and Forecasts To 2028 – By Form (US$ Million)
Table 11. Japan Wheat Protein Market Revenue and Forecasts To 2028 – By Product (US$ Million)
Table 12. Japan Wheat Protein Market Revenue and Forecasts To 2028 – By Application (US$ Million)
Table 13. Japan Wheat Protein Market Revenue and Forecasts To 2028 – By Form (US$ Million)
Table 14. South Korea Wheat Protein Market Revenue and Forecasts To 2028 – By Product (US$ Million)
Table 15. South Korea Wheat Protein Market Revenue and Forecasts To 2028 – By Application (US$ Million)
Table 16. South Korea Wheat Protein Market Revenue and Forecasts To 2028 – By Form (US$ Million)
Table 17. Rest of APAC Wheat Protein Market Revenue and Forecasts To 2028 – By Product (US$
Table 18. Rest of APAC Wheat Protein Market Revenue and Forecasts To 2028 – By Application (US$ Million)
Table 19. Rest of APAC Wheat Protein Market Revenue and Forecasts To 2028 – By Form (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Wheat Protein Market Segmentation
Figure 2. APAC Wheat Protein Market Segmentation – By Country
Figure 3. APAC Wheat Protein Market Overview
Figure 4. APAC Wheat Protein Market, by Product
Figure 5. APAC Wheat Protein Market, by Country
Figure 6. APAC PEST Analysis
Figure 7. Expert Opinion
Figure 8. APAC Wheat Protein Market Impact Analysis of Drivers and Restraints
Figure 9. APAC: Wheat Protein Market – Revenue and Forecast To 2028 (US$ Million)
Figure 10. APAC Wheat Protein Market Revenue Share, By Product (2020 and 2028)
Figure 11. APAC Wheat Gluten: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. APAC Wheat Protein Isolates: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC Textured Wheat Protein: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC Hydrolyzed Wheat Protein: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Wheat Protein Market Revenue Share, By Form (2020 and 2028)
Figure 16. APAC Dry: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Liquid: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Wheat Protein Market Breakdown, by Application (2020 and 2028)
Figure 19. APAC Bakery & Snacks: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC Pet Food: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC Nutritional Bars & Drinks: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC Processed Meat: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. APAC Meat Analogs: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. APAC Others: Wheat Protein Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. APAC Wheat Protein Market, by Key Country- Revenue (2020) (US$ Million)
Figure 26. APAC Wheat Protein Market Breakdown by Country, 2020 & 2028 (%)
Figure 27. Australia Wheat Protein Market Revenue and Forecasts To 2028 (US$ Million)
Figure 28. China Wheat Protein Market Revenue and Forecasts To 2028 (US$ Million)
Figure 29. India Wheat Protein Market Revenue and Forecasts To 2028 (US$ Million)
Figure 30. Japan Wheat Protein Market Revenue and Forecasts To 2028 (US$ Million)
Figure 31. South Korea Wheat Protein Market Revenue and Forecasts To 2028 (US$ Million)
Figure 32. Rest Of APAC Wheat Protein Market Revenue and Forecasts To 2028 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic in the APAC
- Archer Daniels Midland Company
- Cargill, Incorporated
- Glico Nutrition Co. Ltd
- Kröner-Stärke GmbH
- Roquette Frères
- Tereos Group
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC wheat protein market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC wheat protein market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the wheat protein market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution