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Thailand Plant Protein Market - Size, Trends, Competitive Analysis and Forecasts (2018-2023)

  • ID: 4615008
  • Report
  • Region: Thailand
  • 260 pages
  • Hypercube Insights
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Thailand Plant Protein Market to be worth $292 million by 2023

FEATURED COMPANIES

  • ADM
  • Beneo-Pa
  • Burcon NutraScience
  • CHS
  • Fonterra
  • Kerry
  • MORE
Plant protein market of Thailand contributes around 6% of total Asia-Pacific plant protein market. The demand for protein rich food and beverage products across the country is growing at a steady rate. The industry of soy protein is highly developed due to innovative production process. The soy protein have its application across food, beverage and dietary supplements industries. Similarly, the market of rice protein, wheat protein and pea protein are growing at a steady rate, however still innovation is needed in terms of products development and extraction process to maintain steady supply at cheaper cost in the market. The market revenue of plant proteins is estimated at $195.7 million in 2018.

Rapidly changing lifestyle of population in the country, growing demand of supplements products, rising demand of lactose free products and growing market of meat alternative and processed food are some of the major drivers of rapidly rising plant protein market in Thailand. The opportunity to expand the application of plant protein across beverage confectionery, snacks is very high which will provide major boost to the market. In addition, beverage industry has changed dynamically in terms of high demand for nutritious and healthy ingredients across wide range of beverages. These opportunities forecasts the market revenue of plant protein in the country to grow at a CAGR of 8.4% during the period of forecast 2018 to 2023, to capture the value of 292.4 million by 2023.

The regulation related to popular protein types such as soy, wheat, rice and pea is properly defined by the Government. However, regulations related to emerging protein types such as hemp protein, flaxseed protein, cranberry protein, etc. are not yet defined which hinders their application in the country. Similarly, the awareness about the novel protein types is very low due to less availability and low penetration of marketing campaign. However, in coming years, number of sustainable protein manufacturers are expected to invest heavily in research and development to explore emerging protein types which will result in range of different plant protein-based products available in the market. All these opportunities, drivers and efforts to develop innovative and affordable products in the country would result in expansion of plant protein market during the forecast period.

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
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ADM
  • Beneo-Pa
  • Burcon NutraScience
  • CHS
  • Fonterra
  • Kerry
  • 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 Geography
2.3 Business Trends Summary

3. Industry Dynamics
3.1 Drivers
3.1.1 Growing demand for cheaper sources of plant based proteins
3.1.2 Rising health consciousness especially in developing countries
3.1.3 Increasing demand for lactose-free, gluten free protein products
3.1.4 Strengthening demand for dietary Supplements
3.2 Restraints
3.2.1 Lack of commercially feasible extraction process
3.2.2 Low awareness about the product
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 Plant Protein Industry
3.6 Value Chain Analysis
3.7 Industry Policies & Regulations
3.8 Market Innovations

4. Market Size and Forecast
4.1 Rice Protein
4.1.1 Market Share, Type
4.1.1.1 Rice Protein Isolate
4.1.1.2 Rice Protein Concentrate
4.1.1.3 Others
4.1.2 Market Share, Application
4.1.2.1 Food
Infant Formula
Confectionary
Bakery
Snacks
Dairy Products
Meat Analogues & Extenders
Others
4.1.2.2 Beverages
4.1.2.3 Dietary Supplements
4.1.2.4 Animal Feed
4.1.2.5 Others
4.2 Wheat Protein
4.2.1 Market Share, Type
4.2.1.1 Wheat Gluten
4.2.1.2 Wheat Protein Isolate
4.2.1.3 Textured Wheat Protein
4.2.1.4. Hydrolyzed Wheat Protein
4.2.2 Market Share, Application
4.2.2.1 Food
Infant Formula
Confectionary
Bakery
Snacks
Dairy Alternatives
Meat Analogues & Extenders
Processed Meat & Seafood
Others
4.2.2.2 Beverages
4.2.2.3 Dietary Supplements
4.2.2.4 Animal Feed
4.2.2.5 Others
4.3 Pea Protein
4.3.1 Market Share, Type
4.3.1.1 Pea Protein Isolate
4.3.1.2 Pea Protein Concentrate
4.3.1.3 Textured Pea Protein
4.3.1.4. Hydrolyzed Pea Protein
4.3.2 Market Share, Application
4.3.2.1 Food
Infant Formula
Confectionary
Bakery
Snacks
Dairy Alternatives
Meat Analogues & Extenders
Others
4.3.2.2 Beverages
4.3.2.3 Dietary Supplements
4.3.2.4 Animal Feed
4.3.2.5 Others
4.4 Soy Protein
4.4.1 Market Share, Type
4.4.1.1 Soy Protein Isolates
4.4.1.2 Soy Protein Concentrate
4.4.1.3 Soy Protein Hydrolysates
4.4.1.4. Textured Soy Protein
4.4.1.5. Others (Soy Flour, Soy Grits, Soy Chunks, Brushed Soy Protein)
4.4.2 Market Share, Application
4.4.2.1 Food
Infant Formula
Confectionary
Bakery
Snacks
Dairy Alternatives
Meat Analogues & Extenders
Others
4.4.2.2 Beverages
4.4.2.3 Dietary Supplements
4.4.2.4 Animal Feed
4.4.2.5 Others
4.5 Potato Protein
4.5.1 Market Share, Type
4.5.1.1 Potato Protein Isolate
4.5.1.2 Potato Protein Concentrate
4.5.1.3 Hydrolyzed Potato Protein
4.5.2 Market Share, Application
4.5.2.1 Food
Confectionary
Bakery
Snacks
Dairy Alternatives
Meat Analogues & Extenders
Others
4.5.2.2 Beverages
4.5.2.3 Dietary Supplements
4.5.2.4 Animal Feed
4.5.2.5 Others
4.6 Canola Protein
4.6.1 Market Share, Type
4.6.1.1 Canola Protein Isolate
4.6.1.2 Canola Protein Concentrate
4.6.2 Market Share, Application
4.6.2.1 Food
Infant Formula
Confectionary
Bakery
Snacks
Dairy Products
Meat Analogs & Substitues
Others
4.6.2.2 Beverages
4.6.2.3 Dietary Supplements
4.6.2.4 Animal Feed
4.6.2.5 Others
Emerging Markets
4.7 Hemp Protein
4.7.1 Market Share, Type
4.7.1.1 Hemp Protein Isolate
4.7.1.2 Hemp Protein Concentrate
4.7.2 Market Share, Application
4.7.2.1 Food
4.7.2.2 Beverages
4.7.2.3 Dietary Supplements
4.7.2.4 Animal Feed
4.7.2.5 Others
4.8 Chickpea Protein Isolates
4.8.1 Market Share, Application
4.8.1.1 Food
4.8.1.2 Beverages
4.8.1.3 Dietary Supplements
4.8.1.4 Animal Feed
4.8.1.5 Others
4.9 Cranberry Protein Powder
4.9.1 Market Share, Application
4.9.1.1 Food
4.9.1.2 Beverages
4.9.1.3 Dietary Supplements
4.9.1.4 Animal Feed
4.9.1.5 Others
4.10 Pumpkin Seed Protein Powder
4.10.1 Market Share, Application
4.10.1.1 Food
4.10.1.2 Beverages
4.10.1.3 Dietary Supplements
4.10.1.4 Animal Feed
4.10.1.5 Others
4.11 Flax Seed Protein Powder
4.11.1 Market Share, Application
4.11.1.1 Food
4.11.1.2 Beverages
4.11.1.3 Dietary Supplements
4.11.1.4 Animal Feed
4.11.1.5 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 DuPont Solae
6.2 ADM
6.3 Cargill
6.4 Bunge
6.5 Mead Johnson
6.6 CHS
6.7 Scoular
6.8 Roquette Freres Le Romarin
6.9 Burcon NutraScience
6.10 MGP Ingredients
6.11 Axiom Foods
6.12 Tate & Lyle Plc
6.13 Fonterra
6.14 Kerry
6.15 Omega Protein Corporation
6.16 Glanbia PLC
6.17 Beneo-Palatinit GmbH
6.18 Wilmar International
6.19 Sotexpro
6.20 Farbest Brands

Appendix
Sources
Disclaimer
Note: Product cover images may vary from those shown
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  • DuPont
  • ADM
  • Cargill
  • Bunge
  • Mead Johnson
  • CHS
  • Scoular
  • Roquette Freres Le Romarin
  • Burcon NutraScience
  • MGP Ingredients
  • Axiom Foods
  • Tate & Lyle Plc
  • Fonterra
  • Kerry
  • Omega Protein Corporation
  • Glanbia PLC
  • Beneo-Pa
Note: Product cover images may vary from those shown
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