Global Rice Protein Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Global Rice Protein Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Global Rice Protein market is is projected to register a CAGR of 7.21% during the forecast period 2019-2024.

Key Highlights

• The rice protein industry acts as a platform for waste utilization – rice bran from polishing process is gradually diverted for the production of value-added products and protein is one of them. Rice protein isolates and concentrates are now increasingly produced from rice bran.
• Functional foods, in particular dietary supplements, are emerging as one of the leading application areas of the rice protein market, as manufacturers are embracing the blending approach for plant protein-based products.

Key Market TrendsGrowing Demand for Plant based Protien

The new compositional research and modified high-moisture extrusion process are helping the growth of the plant protein market. For instance, plant protein-based chocolates that are free from animal protein make up for a good demand in the market, for consumers who do not consume dairy. Plant-based milk such as rice milk has observed a significant growth in recent years, with an increasing number of people turning to dairy-free options. This innovative product line of ready-to-eat product with no compromise in taste and texture has, in turn, boosted the overall rice protein market.

North America Holds Major Share in Rice Protein Market

North America holds for the significant market share in the rice protein market, due to the presence of major producers, extensive distribution networks, and growing demand for the sports & energy nutrition segment and dietary supplements in the region. Furthermore, the rice protein market in Asia-Pacfic region is expected to witness high growoth, owing to the growing demand for fucntional and fortified food products. The use of plant protein in food, flavor enhancer, etc is a major factor boosting the rice protein market growth in the region.

Competitive Landscape

Some of the major key players in the global rice protein market include AIDP Inc., Axiom Foods Inc., Bioway (Xi'an) Organic Ingredients Co., Ltd., Golden Grain Group Ltd., RiceBran Technologies, Nutrition Resource Inc., Shaanxi Fuheng (FH) Biotechnology Co., Ltd., and Shafi Gluco Chem Pvt., Ltd.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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