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

Thailand is one of the major economies among ASEAN countries. The economy of the country is mostly dependent on agriculture. Wheat is among the most cultivated crops in the country. The wheat protein market of the country accounts for 6% share in the Asia-Pacific region. The growing demand of wheat protein is mostly due to increase in demand of plant protein in food and beverage industry. Besides growing trend of fitness and sports activity has resulted in increase in demand of natural protein ingredients in supplement products. The market revenue of wheat protein in the country is estimated at $36.75 million in 2018. Dynamic changes in lifestyle of the consumers, high demand of quality products and increasing consumption of vegan products projects the market revenue of wheat protein to reach $49.65 million by 2023, growing at a CAGR of 6.2% during 2018 to 2023.

The demand of plant-based protein products has been growing at a rapid rate in the country. This is mainly because of increasing concern about the health risks of meat-based products. Many health experts suggest that growing issue of obesity and overweight is because of eating fat and oily food products. Population in the country are getting increasingly aware about such issues resulting in growing demand for protein rich products, paving way for plant protein products. The food and beverage segment currently holds around 45% and 23% respectively of the total wheat protein applications. The population with lactose sensitivity is also on rise hence the growing demand for dairy alternative. This will provide the wheat protein market a good opportunity to capture more market share in coming years.

The dietary supplements industry in the country is growing rapidly due to rising trend of fitness. The trend of fitness and supplement product consumption are synchronous with each other. Many wheat protein manufacturers seeking to expand operations are seeing huge opportunity in the dietary supplements market. Thus, the expanding dietary supplements industry will provide huge opportunity for the wheat protein market.

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

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.