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Global Rice Protein Market Size, Share, Trends, Forecast: By Product Type: Rice Protein Isolates, Rice Protein Concentrates, Others; By Application: Food and Beverages, Pharmaceuticals, Cosmetics, Animal Feed; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Rice Protein Market Outlook
The global rice protein market is expected to grow in the forecast period of 2024-2032 at a CAGR of 8.4% to reach USD 349.15 million by 2032.
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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. The market is expected to be aided by the rising consumer awareness of healthy lifestyle 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.
The Asia Pacific to Provide Significant Growth Opportunities to the Rice Protein Industry
Geographically, North America accounts for a significant share in the rice protein industry. 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 a 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 the market expansion over the forecast period.
Rice Protein: Market Segmentation
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.
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By product type, the market is divided into:
- Rice Protein Isolates
- Rice Protein Concentrates
- Others
Based on application, the industry can be segmented into:
- Food and Beverages
- Pharmaceuticals
- Cosmetics
- Animal Feed
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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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 the rising health concern 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. The major key factor driving the demand for rice protein worldwide is the growing adoption of 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.
Key Industry Players in the Global Rice Protein Market
The report presents a detailed analysis of the following key players in the global rice protein market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- 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
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.
Key Highlights of the Report
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Rice Protein Market Analysis
8.1 Key Industry Highlights
8.2 Global Rice Protein Historical Market (2018-2023)
8.3 Global Rice Protein Market Forecast (2024-2032)
8.4 Global Rice Protein Market by Product Type
8.4.1 Rice Protein Isolates
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Rice Protein Concentrates
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Rice Protein Market by Application
8.5.1 Food and Beverages
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Pharmaceuticals
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Cosmetics
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Animal Feed
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global Rice Protein Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Rice Protein Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Rice Protein Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Rice Protein Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Rice Protein Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Rice Protein Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 AIDP, Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Axiom Foods Inc.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Bioway (Xi'An) Organic Ingredients Co., Ltd
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Golden Grain Group Limited
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 RiceBran Technologies
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Shaanxi Fuheng (FH) Biotechnology Co., Ltd
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Rice Protein Market: Key Industry Highlights, 2018 and 2032
2. Global Rice Protein Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Global Rice Protein Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Global Rice Protein Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Rice Protein Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Rice Protein Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Rice Protein Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Rice Protein Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Rice Protein Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Rice Protein Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Rice Protein Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Rice Protein Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Rice Protein Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Rice Protein Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Rice Protein Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Rice Protein Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Rice Protein Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Rice Protein Market Structure
Key Questions Answered in the Report
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.
Analyst Review
The global rice protein market has been driven by the increasing popularity of the product among health-conscious consumers in the historical period. Aided by the growing demand for vegan products and growing shift towards a healthier and more active lifestyle, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 8.4%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By product type, the market is divided into rice protein isolates and rice protein concentrates, among others. Based on application, the industry can be segmented into food and beverages, pharmaceuticals, cosmetics, and animal feed. The major regional markets for rice protein are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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