Global Rice Protein Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
The Rice Protein Market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2031.
The Rice Protein Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global rice protein market report has been segmented on the basis of product type, application, and region.
Rice Protein Market Overview:
“The Rice Protein Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Rice is widely grown and consumed as a staple food by more than half of the world’s population. It is the most important food grain in the diets of hundreds of millions of Asians, Africans, and Latin Americans living in the tropics and subtropics.
Rice protein is a vegetarian protein isolate that is used as an alternative to the more commonly found whey and soy protein isolates.
Increasing demand for rice protein in end-use industries such as food & beverages as dietary supplements, which helps to improve liver and heart functions and regulate cholesterol levels is a major factor driving the growth of the global rice protein market.
Increasing adoption of rice protein in various industries such as the pharmaceuticals industry for the production of therapeutic proteins or peptides, in the animal feed industry for poultry and other animals, and in the cosmetics industry for cosmetics and personal care products are other important factors expected to support the growth of the target market over the forecast period.
In addition, the increasing population preferring a vegan diet, increasing focus on the use of natural and organic food ingredients, and individuals who cannot consume animal proteins have increased the demand for the rice protein market.
The adoption of rice protein in infant formula, as a substitute for whey protein, are another factor anticipated to fuel the growth of the global rice protein market.
However, high production costs, complex manufacturing processes, and low awareness among consumers about rice protein in underdeveloped countries are major factors hampering the growth of the global rice protein market over the forecast period.
The market in North America is expected to dominate the global rice protein market and account for a major share in terms of revenue, owing to factors such as high demand from the food & beverages industry, and the presence of several domestic and international manufacturers in countries in the region.
The market in the Asia Pacific is expected to account second-highest share in the global rice protein market, owing to high demand from developing countries such as China, India, and other south Asian countries, and increasing health awareness among consumers in countries in the region.
The market in the Asia Pacific is followed by markets in Europe, Latin America, and Middle East & Africa.
Global rice protein market segmentation:
Segmentation by product type:
- Rice protein isolates
- Rice protein concentrates
Segmentation by application:
- Food and beverages
- Animal feed
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- AIDP Inc.
- Axiom Foods Inc.
- RiceBran Technologies
- Nutrition Resource Inc.
- Bioway (Xi'an) Organic Ingredients Co., Ltd.
- Golden Grain Group Ltd.
- Shaanxi Fuheng (FH) Biotechnology Co., Ltd.
- Shafi Gluco Chem Pvt., Ltd.
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