Wheat Gluten Market in South-Eastern Asia
Market Overview
The Southeast Asian wheat gluten market soared to $
in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a strong increase. Over the period under review, the market attained the peak level in and is likely to see steady growth in the near future.
In value terms, wheat gluten production reduced markedly to $ in estimated in export price. In general, production, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2013 with an increase of %. Over the period under review, production attained the maximum level at $ in 2019; however, from to , production stood at a somewhat lower figure.
Lao People's Democratic Republic ( kg) remains the largest wheat gluten producing country in South-Eastern Asia, accounting for % of total volume.
In Lao People's Democratic Republic, wheat gluten production expanded at an average annual rate of +% over the period from 2007-.
in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a strong increase. Over the period under review, the market attained the peak level in and is likely to see steady growth in the near future.In value terms, wheat gluten production reduced markedly to $
in estimated in export price. In general, production, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2013 with an increase of %. Over the period under review, production attained the maximum level at $ in 2019; however, from to , production stood at a somewhat lower figure.Lao People's Democratic Republic (
kg) remains the largest wheat gluten producing country in South-Eastern Asia, accounting for % of total volume.In Lao People's Democratic Republic, wheat gluten production expanded at an average annual rate of +
% over the period from 2007-.Consumption
For the third year in a row, South-Eastern Asia recorded growth in consumption of wheat gluten, which increased by % to tons in . Over the period under review, consumption enjoyed a buoyant increase. The volume of consumption peaked in and is likely to see steady growth in the near future.
The revenue of the wheat gluten market in South-Eastern Asia soared to $ in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a strong expansion. The level of consumption peaked in and is expected to retain growth in years to come.
% to tons in . Over the period under review, consumption enjoyed a buoyant increase. The volume of consumption peaked in and is likely to see steady growth in the near future.The revenue of the wheat gluten market in South-Eastern Asia soared to $
in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a strong expansion. The level of consumption peaked in and is expected to retain growth in years to come.Consumption by Country
The countries with the highest volumes of consumption in were Thailand ( tons), Vietnam ( tons) and the Philippines ( tons), with a combined % share of total consumption.
From 2007 to, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Vietnam (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.
In value terms, Thailand ($), Vietnam ($) and the Philippines ($) constituted the countries with the highest levels of market value in , with a combined % share of the total market.
Vietnam, with a CAGR of +%, saw the highest growth rate of market size among the main consuming countries over the period under review, while market for the other leaders experienced more modest paces of growth.
The countries with the highest levels of wheat gluten per capita consumption in were Thailand ( kg per persons), Singapore ( kg per persons) and Malaysia ( kg per persons).
From 2007 to, the biggest increases were recorded for Vietnam (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.
were Thailand ( tons), Vietnam ( tons) and the Philippines ( tons), with a combined % share of total consumption.From 2007 to
, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Vietnam (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.In value terms, Thailand ($
), Vietnam ($) and the Philippines ($) constituted the countries with the highest levels of market value in , with a combined % share of the total market.Vietnam, with a CAGR of +
%, saw the highest growth rate of market size among the main consuming countries over the period under review, while market for the other leaders experienced more modest paces of growth.The countries with the highest levels of wheat gluten per capita consumption in
were Thailand ( kg per persons), Singapore ( kg per persons) and Malaysia ( kg per persons).From 2007 to
, the biggest increases were recorded for Vietnam (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.Market Forecast
Driven by increasing demand for wheat gluten in South-Eastern Asia, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
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