Asia Pacific Wheat Protein Market Size & Outlook
Asia Pacific wheat protein market, 2017-2030 (US$M)
Related Markets
Asia Pacific wheat protein market highlights
- The Asia Pacific wheat protein market generated a revenue of USD 924.3 million in 2023.
- The market is expected to grow at a CAGR of 4.1% from 2024 to 2030.
- In terms of segment, wheat gluten was the largest revenue generating product in 2023.
- Wheat protein hydrolysates is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Australia is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 924.3 million |
| Market revenue in 2030 | USD 1,227.1 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Wheat gluten |
| Fastest growing segment | Wheat protein hydrolysates |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wheat gluten, Wheat protein isolates, Textured wheat proteins, Wheat protein hydrolysates |
| Key market players worldwide | Archer-Daniels Midland Co, MGP Ingredients Inc, Cargill, Suedzucker AG, Agridient, Manildra Group, Crespel & Deiters Group, Roquette America |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 13.6% of the global wheat protein market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 3,937.9 million by 2030.
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Wheat Protein Market Scope
Wheat Protein Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific wheat protein market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wheat protein market will help companies and investors design strategic landscapes.
Wheat gluten was the largest segment with a revenue share of 56.59% in 2023. Horizon Databook has segmented the Asia Pacific wheat protein market based on wheat gluten, wheat protein isolates, textured wheat proteins, wheat protein hydrolysates covering the revenue growth of each sub-segment from 2017 to 2030.
Asia Pacific is expected to register the fastest growth, owing to rising population, improving consumer lifestyle and increasing awareness for healthy foods. China and India are few of the major wheat producers in the region.
In addition, growth in healthcare and food & beverage industries is likely to propel demand for wheat protein in developing economies such as China, India, Indonesia, Malaysia, and South Korea over the next few years.
Industrial growth of healthcare and cosmetics sectors in Japan, China, India and South Korea coupled with increasing domestic demand and low manufacturing cost of wheat protein as compared to the U.S. and developed countries of European is expected to drive the market over the forecast period.
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Target buyers of Asia Pacific wheat protein market databook
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Our clientele includes a mix of wheat protein market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific wheat protein market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific wheat protein market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific wheat protein market size, by country, 2017-2030 (US$M)
Asia Pacific Wheat Protein Market Outlook Share, 2023 & 2030 (US$M)
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