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

  • ID: 4587056
  • Report
  • Region: South Korea
  • 90 pages
  • Hypercube Insights
1 of 4

FEATURED COMPANIES

  • Agridient Inc.
  • Cargill Inc.
  • Glico Nutrition
  • Kröner-Stärke
  • MGP Ingredients
  • Tereos-Syral
  • MORE
South Korea is amongst the strongest economies in the Asia-Pacific region. Manufacturing sector of the country has been driven by the technological advancements through continuous innovation and research and with close collaboration of the companies and the research institutes of the country. The protein industry in South Korea has recorded significant growth in last decade. The demand of plant-based protein products is ever growing in comparison to the demand of animal-based protein products. The wheat protein market in South Korean is still in developing phase and currently accounts for around 11% of total wheat protein market in the Asia-Pacific region. The applications of the wheat protein across various industry segments such as food, beverage and dietary supplement is growing rapidly mostly because of increase in number of vegan and vegetarian products in the country.

The market revenue of wheat protein in South Korea is estimated at $66.55 million in 2018. Major drivers of the wheat protein market in the country are increasing demand of plant-based protein products, changing dietary pattern of the consumers, increasing influence of the trends prevailing in western developed countries and growing concern about the health risks invited by consuming meat-based products. In terms of applications of the wheat protein, food industry captures around 43% of total applications of wheat protein in the country, which is closely followed by beverage industry with market share of 21%. With growing demand of high protein based natural and organic ingredients-based food products, increasing manufacturers are expanding their product range that contains high quality and lactose free protein sources such as wheat protein.

The trend of fitness and sports in South Korea is rising steadily in the country. Increasing South Koreans are becoming more concerned about their health. The number of people with the obesity and overweight has been rising steadily in the country. However, since past few years, the awareness about such disease is growing which has resulted in more and more people committed to reduce the weight by going into the fitness studios. The young population of South Korea are also increasingly interested in sports and physical activities due to global trend of body building. Such trend of leading healthy life-style both among the youngsters and middle-aged population has resulted in increasing demand of sports nutrition containing high quality and natural protein ingredients. Because of huge opportunity that the sports industry presents, the application of wheat protein across dietary supplements industry is estimated to grow at a much faster rate compared to the other applications of wheat protein.

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