Rice Protein Market Outlook
According to the report by Expert Market Research (EMR), the global rice protein market size is projected to grow at a CAGR of 8.4% between 2024 and 2032. Aided by the increasing consumer inclination towards plant-based diets and the rising awareness of the health benefits associated with rice protein, the market is expected to grow significantly by 2032.
Rice protein, derived from brown or white rice, is gaining popularity as a plant-based protein alternative. It is a high-quality protein that contains a balanced amino acid profile and is hypoallergenic, making it a preferred choice for individuals with dietary restrictions. Rice protein is increasingly being used in various applications, including sports nutrition, dietary supplements, and functional foods, due to its nutritional benefits and versatility.
The rice protein market growth is further buoyed by the shifting consumer preferences towards vegan and vegetarian diets, and the growing demand for gluten-free and non-GMO food products. Rice protein is emerging as a key ingredient in the burgeoning plant-based food industry.
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The rising trend of health and wellness is a significant driver of the market. With increasing health consciousness, consumers are seeking nutritious and sustainable protein sources. Rice protein, with its low fat and cholesterol content, caters to this demand, promoting its use in health and fitness supplements.
Another key driver of the rice protein market demand is the growing popularity of plant-based and allergen-free products. Rice protein is hypoallergenic and gluten-free, making it suitable for consumers with allergies or intolerances to soy, dairy, or wheat proteins.
Technological advancements in protein extraction and processing have also played a crucial role in the market growth. Improved processing techniques have enhanced the texture, taste, and nutritional profile of rice protein, expanding its application in the food and beverage industry.
North America holds a significant portion of the rice protein market share, attributed to the growing health consciousness, rising demand for plant-based products, and well-established health and wellness industry in the region.
Looking forward, the market is set for substantial growth, with the increasing adoption of plant-based diets and the rising demand for natural and clean-label products. Innovations in flavour and texture enhancements, and the development of rice protein blends with other plant proteins, are likely to offer new opportunities for market expansion.
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Rice Protein Market Segmentation
The market can be divided based on product type, application, and region.
Market Breakup by Product Type
- Rice Protein Isolates
- Rice Protein Concentrates
- Others
Market Breakup by Application
- Food and Beverages
- Pharmaceuticals
- Cosmetics
- Animal Feed
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global rice protein market. Some of the major players explored in the report by Expert Market Research are as follows:
- AIDP, Inc.
- Axiom Foods Inc.
- Bioway (Xi’An) Organic Ingredients Co., Ltd
- Golden Grain Group Limited
- RiceBran Technologies
- Shaanxi Fuheng (FH) Biotechnology Co., Ltd
- Others
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