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

India is among the fastest developing economies in the world. Indian Government is highly committed to expand its manufacturing sector in order to strengthen the economy of the country. In last few years, the Government has also loosened the policy that restricted the foreign direct investment in retail sector. This will provide the global companies an easy entry in the local market to expand their operations. Such steps taken by the Government will not only aid the food industry but also it will aid the protein ingredients market to grow further at a considerable rate.

The wheat protein industry is relatively new compared to the other protein industries such as soy and whey proteins. In India, wheat is highly used as a staple food in order to make bread and chapatis. With recent developments in the protein industry, India wheat protein market has captured share of 9% of total Asia-Pacific wheat protein market. The market is projected to grow at a CAGR of 6.3% during 2018 to 2023, to reach $74.61 million in 2023. The wheat protein application across food industry currently holds largest share of 45% across all the application segments.

India has the highest share of vegetarian food products consumption. This will provide the wheat protein market a boost by expanding its applications across baked items, confectionery, snacks and meat extenders segments. The beverage industry is also growing at a good rate due to increase in awareness about the benefits of vegetable juices, fruit juices, drinks and other products. With growing income of the population in the country, consumers are increasingly asking for high-quality protein rich beverage products. Thus, in coming years, the application of wheat protein across beverage industry is estimated to capture the value of $16.55 million by 2023.

Currently, dietary supplements industry is one of the fastest growing industries in the country, the growth of which is mainly attributed to increasing young population in the country attending gyms and fitness studios. Gym trainers and fitness studios highly influence the buying pattern of supplement products in the country. The young population in the country is rapidly expanding and these demographics will aid the wheat protein market in coming years. This can also be reflected in the application of wheat protein in the dietary supplements segment which is projected to grow at a fastest CAGR of 7%.

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