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Base Year
Historical Year
Forecast Year
Global Rice Protein Market Report Summary | Description | Value |
Base Year | USD Million | 2023 |
Historical Period | USD Million | 2018-2023 |
Forecast Period | USD Million | 2024-2032 |
Market Size 2023 | USD Million | 168.95 |
Market Size 2032 | USD Million | 349.15 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 8.4% |
CAGR 2024-2032 - Market by Region | Latin America | 8.9% |
CAGR 2024-2032 - Market by Country | India | 9.4% |
CAGR 2024-2032 - Market by Country | Saudi Arabia | 9.0% |
CAGR 2024-2032 - Market by Product Type | Rice Protein Isolates | 9.2% |
CAGR 2024-2032 - Market by Application | Food and Beverages | 8.8% |
Market Share by Country 2023 | Brazil | 2.5% |
Thriving Food and Beverages Sector to Catalyse the Growth of the Global Rice Protein Industry
Based on application, the food and beverages segment is predicted to hold a significant market share in the rice protein industry in the forecast period. Many prominent rice protein manufacturers are investing in product development in order to maintain profitability and stay ahead in a highly competitive industry. Rice protein is widely used as a thickener, stabiliser, and food texturising agent to prepare baked goods, beverages, and dairy products, among others, which boosts the growth of the rice protein market. The market is expected to be aided by the rising consumer awareness of healthy lifestyles and the increased R&D activities by the manufacturers to launch new products. Additionally, the rising demand for gluten-free products, especially dairy, as a result of an increase in the number of people suffering from digestive problems is anticipated to significantly contribute to the growth of the segment.
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Rising Health Consciousness Among Consumers to Bolster the Growth of the Rice Protein Industry
The global rice protein industry is being driven by rising health concerns among consumers and the growing shift towards a healthier and more active lifestyle. The nutritional and hypoallergenic properties of rice protein products are the key highlights, which make them competitive with leading alternative protein products. Eventually, the overall market is expected to benefit from the increasing prevalence of healthy food trends. A crucial trend in rice protein market driving the demand for rice protein worldwide is the growing adoption of a plant-based diet among consumers to minimise the consumption of animal products due to allergens and additional processing.
In addition, many media outlets are aggressively promoting the benefits of plant-based proteins to improve one's health. Hence, the consumption of protein-fortified food items is expected to be in high demand. Over the forecast period, the growing investments to explore the potential applications of rice protein are expected to significantly contribute to the market growth.
As per the rice protein market dynamics and trends, a team of researchers at the International Rice Research Institute (IRRI) announced that they have identified genes and markers that are responsible for low glycaemic index (GI) and high protein content in rice.
As per the rice protein industry analysis, scientists have developed an innovative hybrid food known as meaty rice, which offers an economical and eco-friendly source of protein. The research team at Yonsei University in South Korea stated that this rice contains around 8% more protein than regular rice and very low carbon footprint compared to regular beef. For every 100 g of protein produced, hybrid rice releases less than 6.27kg of carbon dioxide, which is expected to make it a popular option among consumers.
As per a study published in Plant Phenomics, a DCGAN, a generative adversarial network architecture, can be used to enhance grain protein content (GPC) model accuracy and explore gene dissection potential in rice to breed out superior varieties of rice. This technology can offer advanced genetic analysis to the researchers for development of high-end protein rice and can ultimately lead to the growth of the rice protein industry.
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Rice protein is a vegan protein powder made from white and brown rice. Rice protein is rich in cysteine and methionine, the sulphur-containing amino acids, but low in lysine. Protein intake is essential for a healthy body and an active lifestyle. Although there are many different protein supplements that are available in the market, rice protein is becoming increasingly popular among vegans and vegetarian consumers as they are considered highly nutritious, low in calories, and allergy free.
By product type, the rice protein industry is divided into:
Based on application, the industry can be segmented into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
CAGR 2024-2032 - Market by | Country |
India | 9.4% |
Saudi Arabia | 9.0% |
Canada | 8.9% |
China | 8.8% |
Mexico | 8.7% |
USA | XX% |
UK | 8.5% |
France | XX% |
Italy | XX% |
Japan | XX% |
Australia | XX% |
Brazil | XX% |
Germany | 7.7% |
The report presents a detailed analysis of the following key players in the global rice protein industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
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The Asia Pacific to Provide Significant Growth Opportunities to the Rice Protein Industry
Geographically, North America accounts for a significant rice protein market share. This can be attributed to the rising demand for rice protein among food manufacturers, as it is a better alternative to whey and soy protein due to its better digestibility and taste. It is in great demand for manufacturing healthy shakes and sports drinks. Meanwhile, the Asia Pacific is expected to witness robust growth in the forecast period due to the increasing investment in the research and development of rice protein production, such as the machinery and equipment required in the process, to increase productivity and profitability. In addition, the increasing demand for functional and fortified food products in the Asia Pacific is expected to provide significant opportunities for market expansion over the forecast period.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 8.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 349.15 million by 2032.
The increasing popularity of rice protein among the health-conscious population, the growing demand for vegan products, surging investments to explore the potential applications of rice protein, and the increasing demand for functional and fortified food products are the major market drivers.
The key trends propelling the market growth are the growing preference for gluten-free products and the increasing shift towards a healthier and more active lifestyle.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major product types considered in the market report are rice protein isolates and rice protein concentrates, among others.
The significant applications of rice protein are food and beverages, pharmaceuticals, cosmetics, and animal feed.
The major players in the industry are are AIDP, Inc, Axiom Foods Inc, Bioway (Xi'An) Organic Ingredients Co., Ltd, Golden Grain Group Limited, RiceBran Technologies, and Shaanxi Fuheng (FH) Biotechnology Co., Ltd, among others.
The market for rice protein registered an approximate value of USD 168.95 million in 2023.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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