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

Saudi Arabia has recorded significant economic growth in last decade. The economy of the country is majorly dependent on the oil and refinery. However, the Government of the country are highly committed to reduce its dependence on the oil sector and have started pushing other sectors. The protein market in the country is still in developing phase. Wheat protein market of Saudi Arabia currently holds the market share of 3% of total wheat protein market in the Asia-Pacific region. Rising awareness about the health risk of meat products, growing demand of meat alternatives and increasing trend of health and fitness projects the market revenue to grow at a CAGR of 5.5% during 2018 to 2023.

The meat products still holds largest share in the industry of food. Meat is widely consumed in the country which is mostly because of its economic advantage. However, since last few years, the income of middle class and low-class population in the country is rising rapidly with increase in rate of employment and urbanization. This has resulted in increased purchasing power thereby increasing demand of high quality healthy food products. The market share of wheat protein across food and beverage segment represents around 44% and 20% respectively. Growing revenue of wheat protein is also because of increase in awareness about the health risks posed by meat products.

Dietary supplement is relatively new industry in the country. Nevertheless, the industry is growing rapidly due to rising demand of supplement products such as sports drinks, protein bars, smoothies, etc. containing organic and natural protein ingredients. The application of whey protein and soy protein is relatively high which will pose major restraint to the wheat protein market. But with growing demand of lactose free, GMO free protein ingredients, the market revenue of wheat protein application across supplementary industry is estimated to grow and capture the value of $4.69 million by 2023, growing at a CAGR of 6.3% during 2018 to 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

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.