Vietnam Wheat Protein Market, By Product, By Form, By Application, By Region, Competition Forecast & Opportunities, 2017-2027

Vietnam wheat protein market is anticipated to grow at a significant rate during the forecast period. The market growth can be attributed to the shifting consumer preferences towards plant-based diets. Besides, the expanding food & beverages sector owing to increasing personal disposable income of the population and growth of domestic and global food brands are contributing to the growth of Vietnam wheat protein market. Additionally, those looking to increase protein intake for health or training purposes and lactose intolerants are increasingly replacing milk with wheat protein beverages, which is expected to propel the growth of Vietnam wheat protein market. Consumers are looking out for terms such as "natural", "organic", "GMO" while making instant purchase decisions for food and beverages, which has made plant-based proteins such as wheat protein a preferable choice for them. Also, the affordability factor and a high level of awareness regarding the authenticity of naturally sourced products are also propelling the growth of wheat protein market. Increased investments in related industries such as gluten-free products are anticipated to drive the growth of Vietnam wheat protein market in the forecast period. Changing consumer preferences for plant based protein diet is also positively influencing the growth of Vietnam wheat protein market. New product launches and growing vegan population are also increasing the adoption of wheat protein, which is adding to its market growth.

Vietnam wheat protein market is segmented based on product, application, form, and region. Based on application, the market has been categorized into bakery & snacks, pet food, nutritional bars & drinks, processed meat, meat analogs, and others. The pet food segment is expected to register the highest growth in Vietnam wheat protein market owing to growing expenditure on pet food products along with pet humanization. Based on form, the market is fragmented into dry and liquid. The dry form of processing of protein is gaining traction to reduce particle size of raw materials into fine particles.

Major players operating in the Vietnam Wheat Protein Market are Agrana, Cargill, Kroner-Starke, MGP Ingredients, ADM, Roquette, Crespel & Deiters, Cropenergies, Gluten Y Almidones Industriales, Glico Nutrition etc.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022E

Forecast Period: 2023F-2027F

Objective of the Study:

• To analyze the historical growth in the market size of Vietnam wheat protein market from 2017 to 2021.
• To classify and forecast Vietnam wheat protein market based on product, application, form, competition forecast, and regional distribution.
• To identify drivers and challenges for Vietnam wheat protein market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam wheat protein market.
• To conduct the pricing analysis for wheat protein market.
• To identify and analyze the profile of leading players involved in the Vietnam wheat protein market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of companies across Vietnam. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the companies which could not be identified due to the limitations of secondary research. TechSci Research analyzed the prodcut offerings, distribution channels and presence of all major manufacturers across Vietnam.

TechSci Research calculated the market size of Vietnam wheat protein market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

• Food & beverage manufacturers
• Wheat protein manufacturers
• Dealers/Distributors
• Research organizations and consulting companies
• Research Institutes
• Industry associations
• Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Vietnam Wheat Protein Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Vietnam Wheat Protein Market, By Product:

Wheat Gluten

Textured Wheat Protein

Wheat Protein Isolate

Hydrolyzed Wheat Protein

• Vietnam Wheat Protein Market, By Application:

Bakery & Snacks

Pet Food

Processed Meat

Meat Analogs

Nutritional Bars & Drinks

Others

• Vietnam Wheat Protein Market, By Form:

Dry

Liquid

• Vietnam Wheat Protein Market, By Region:
• South Vietnam
• North Vietnam
• Central Vietnam

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Vietnam Wheat Protein Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to the company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.