The Asia-Pacific wheat protein market size is expected to grow from USD 616.01 million in 2024 to USD 789.73 million by 2029, at a CAGR of 5.09% during the forecast period (2024-2029).
The Asia-Pacific wheat protein market is competitive and fragmented owing to the presence of many regional and domestic players. Emphasis is given to the merger, expansion, acquisition, and partnership of the companies, along with new product development, as strategic approaches adopted by the leading companies to boost their brand presence among consumers. The companies operating in the market studied have been investing in the expansion of the production of their wheat protein products across the region.
Additionally, the companies have been focussing on research and development activities to innovate wheat protein and other such plant protein products, which could further drive the market studied. Key players dominating the market include MGP Ingredients Inc., Cargill Incorporated, Roquette Frères, The Archer-Daniels-Midland Company, and Shandong Qufeng Food Technology Co. Ltd., among others.
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