Nigeria Wheat Protein Market 2018-2023 - Size, Trends, Competitive Analysis and Forecasts

  • ID: 4587050
  • Report
  • Region: Nigeria
  • 90 pages
  • Hypercube Insights
1 of 4

FEATURED COMPANIES

  • Agridient Inc.
  • Cargill Inc.
  • Glico Nutrition
  • Kröner-Stärke
  • MGP Ingredients
  • Tereos-Syral
  • MORE
The economy of Nigeria is one of the largest in the African region. The country has long been suffering from the major issues such as political chaos, terrorism and other domestic problems. Nevertheless, many leading economic institutes projects that the country will attain the status of fastest growing nation across the world in coming few years. The plant-based protein market in the country has relatively low market share mainly because of low awareness among the Nigerians along with the low-income level of most of the population. Present Government is committed to increase the effort of rapid industrialization, employment generation and infrastructure development with the help of the support from the developed nations and World Bank.

The wheat protein market in the country currently holds around 4% among all the African nations, is estimated to grow at a CAGR of 2.2% from 2018 to 2023, to reach and attain the value of $3.08 million by 2023. Major drivers of the wheat protein market in the country is rising economic condition of the middle and lower income families, improving lifestyle and slowly rising demand of quality nutrition. The food industry in the country is highly dependent on the meat products, as it is one of the cheapest source of protein and other nutrition. But with rising consciousness about the health risk due to the consumption of meat-based products, the demand of plant protein like wheat protein in various food products is expected to rise rapidly. The market revenue of wheat protein application across the food industry which is estimated at $1.27 million in 2018 is projected to capture the value of $1.42 million by 2023, growing at a CAGR of 2.3% during 2018 to 2023.

The beverage industry in the country is also growing steadily due to increase in awareness about the nutritional drinks and juices and growth in retail sector. Moreover, the penetration of major food and beverage producing companies have impacted the buying behavior of the consumers in the country by implementing aggressive marketing strategies and launching low cost beverage products. The application of wheat protein across beverage industry is estimated to reach at $0.63 million by 2023, at a CAGR of 1.9%. The dietary supplements industry of the country is driven by increasing health conscious population mostly the well-off young Nigerians. The demand of supplement products by the population attending gym and fitness studies is growing due to increasing recommendation of the gym trainers and high advertising of products through digital media. The application of wheat protein across dietary supplementary industry is estimated to grow at a fastest CAGR of 2.8% and will achieve the market revenue of $0.64 million by 2023.

Key Deliverables
  • Market trends since 2014 and five year forecasts of market growth
  • Detailed analysis of the micro and macro elements influencing demand trends
  • Identifying opportunity spaces across segments and countries
  • Supply & demand side trend and analysis
  • Price trend analysis, investment prospects and competition pattern
  • Insights on growth potential of the market
  • Detailed analysis of major producers covering financial investments & strategies adopted
  • Competitive landscape of the industry
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Agridient Inc.
  • Cargill Inc.
  • Glico Nutrition
  • Kröner-Stärke
  • MGP Ingredients
  • Tereos-Syral
  • MORE
1. Introduction
1.1 Research Methodology
1.2 Scope of the Study
1.3 Assumptions

2. Summary
2.1 Market Summary By Type
2.2 Market Summary By Application
2.3 Market Summary by Geography
2.4 Business Trends Summary

3. Industry Dynamics
3.1 Drivers
3.1.1 Growing demand for cheaper sources of plant based protein and meat substitute products
3.1.2 Rising health consciousness especially in developing countries
3.1.3 Strengthening demand for dietary Supplements
3.2 Restraints
3.2.1 Lack of commercially feasible extraction process
3.2.2 Growing threat from substitute products
3.2.3 Low awareness about the product
3.1.4 Increasing demand for gluten free protein products
3.3 Opportunities
3.3.1 Growing applications in sports nutrition & weight management
3.3.2 Growth in functional food & nutraceutical industry
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining power of Suppliers
3.4.2 Bargaining power of Buyers
3.4.3 Degree of Competition
3.4.4 Threat of Substitution
3.4.5 Threat of new entrants
3.5 Future Trends in Wheat Protein Industry
3.6 Value Chain Analysis
3.7 Industry Policies & Regulations
3.8 Market Innovations

4. Market Size and Forecast
4.1 Market Share, Type
4.1.1 Wheat Gluten
4.1.2 Wheat Protein Isolate
4.1.3 Textured Wheat Protein
4.1.4. Hydrolyzed Wheat Protein
4.2 Market Share, Application
4.2.1 Food
4.2.1.3 Infant Formula
4.2.1.2 Confectionary
4.2.1.3 Bakery
4.2.1.4 Snacks
4.2.1.5 Dairy Alternatives
4.2.1.6 Meat Analogues & Extenders
4.2.1.7 Processed Meat & Seafood
4.2.1.8 Others
4.2.2 Beverages
4.2.3 Dietary Supplements
4.2.4 Animal Feed
4.2.5 Others

5. Competitive Analysis
5.1 Market Share Analysis
5.2 Growth Strategies of leading players
5.3 Investment and Development Prospects
5.3.1 Investment in past five years
5.3.2 Investment Opportunities
5.4 Competition Pattern
5.4.1 Concentration Ratio
5.4.2 Industry Competition
5.5 Price Trend Analysis
5.5.1 Product Classifications and Their Prices
5.5.2 Factors Influencing Prices

6. Company Profiles
6.1 Archer Daniels Midland
6.2 Cargill Inc
6.3 Kerry Ingredients
6.4 MGP Ingredients
6.5 Manildra Group
6.6 Roquette Freres
6.7 The Scoular Company
6.8 Glico Nutrition
6.9 Kröner-Stärke
6.10 Tereos-Syral
6.11 Crespel & Deiters GmbH & Co. KG
6.12 Crop Energies AG
6.13 Gluten Y Almidones Industriales
6.14 Agridient Inc.
6.15 White Energy Inc.
  • Appendix
  • Sources
  • Disclaimer
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • Archer Daniels Midland
  • Cargill Inc.
  • Kerry Ingredients
  • MGP Ingredients
  • Manildra Group
  • Roquette Freres
  • The Scoular Company
  • Glico Nutrition
  • Kröner-Stärke
  • Tereos-Syral
  • Crespel & Deiters GmbH & Co. KG
  • Crop Energies AG
  • Gluten Y Almidones Industriales
  • Agridient Inc.
  • White Energy Inc.
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll