Rice Protein Market is to reach USD 1019.42 Mn by 2029 at a growth rate of 4 percent over the forecast period

Pune, May 31, 2023 (GLOBE NEWSWIRE) — Maximize Market Research, a global Food & Beverages market research firm, has published a competitive intelligence and market research report on the “Rice Protein Market“. The Rice Protein Market size was valued at USD 770 Mn in 2022. The total Rice Protein Market revenue is expected to grow at a CAGR of 4 percent from 2022 to 2029, reaching USD 1019.42 Bn during the forecast period.

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Rice Protein Market Scope and Research Methodology

The Rice Protein Market report includes the market size and growth rate along with a thorough regional analysis, competitive landscape, and segment-wise analysis of the industry. Key insights provided by the report include the major drivers of the Rice Protein Market, the challenges faced by the market participants, and growth prospects in the Rice Protein industry across the globe.

Regional analysis of the Rice Protein industry is conducted at the country, regional and global levels. Segment-wise analysis of the Rice Protein Market is conducted by product, source, end-user, and nature. Data for the analysis was collected using primary and secondary research methods for the Rice Protein Market report. The report is equipped with a competitive analysis of the Rice Protein Market players. Tools such as SWOT, PESTLE, and Porter’s Five Force analysis were used for analysing the Rice Protein Market. 

Rice Protein Market Overview

Rice protein is made up of rice, broken down into smaller pieces known as rice protein hydrolysate. These proteins are used for muscle strength and muscle soreness. Rice Protein is used for babies who are allergic to cow’s milk. Rice Protein provides the body with nutrients called amino acids. Rice Protein helps to reduce blood pressure and blood fats. It is an alternative to other proteins as it offers 37% of protein and essential amino acids.

Increasing demand from the nutritional industry to boost the Rice Protein Market growth

There is a demand for plant-based protein due to the health consciousness factor among people, which is expected to boost the Rice Protein market growth. Rice protein is a viable option for vegetarians and vegans who want to quit the stereotypical vegetarian or vegan. Rice protein helps to build muscles and gain strength due to more complex carbohydrate structures. Rice protein provides a 100% rich source of protein and this factor significantly contributes to the growth of the Rice Protein Market. Rice Protein is highly digestible with an excellent Amino Acid Profile. Environmental concerns, dietary choices, nutrition trends in sports, and gluten-free preferences are expected to fuel the market growth.

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Flavor and texture limitations, competition from another alternative protein source, and sourcing challenges are expected to restrain the Rice Protein Market growth.

North America to Dominate the Regional Rice Protein Market Growth

The North America region dominated the market in 2022 and is expected to continue the dominance over the forecast period. The increasing popularity of vegan and vegetarian diets with plant-based protein is expected to boost regional market growth. Demand for rice protein is very high in the USA due to increasing sports activity, and awareness of the health benefits of rice protein is expected to boost the Rice Protein Market growth.

The Asia Pacific region is expected to witness significant growth in the Rice Protein market over the forecast period. Demand for protein and protein-based products is growing very fast in countries such as India, China, and others. The rising income of people in the region is expected to boost the market growth.

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Rice Protein Market Segmentation

By Product

• Rice Protein Isolates
• Rice Protein Concentrates
• Others

Based on Product, the market is segmented into Rice Protein Isolates, Rice Protein Concentrate, and Others. Rice protein isolates segment dominated the market in 2022 and is expected to continue the dominance over the forecast period. Increasing consumer awareness about health including anti-cholesterol and antioxidant qualities of Rice protein is expected to boost the segment growth over the forecast period. Rice protein isolates the replacement of soy protein isolates.

By Source

By End-User

• Convenience Food
• Bakeries & Confectionary
• Sports and Energy Supplements
• Infant Food
• Animal and Pet Food
• Beverages
• Other

Based on End user, the market is segmented into Convenience Food, Bakeries & Confectionary, Sports and Energy Supplements, Infant Food, Animal and Pet Food Beverages, and Other. Convenience food segment is expected to dominate the Rice protein market over the forecast period. Various consumer demand regarding health-conscious food is fulfilled by the rice protein. Demand for vegan, gluten free and high protein is fulfilled by the rice protein, which is expected to boost the segment growth in the region.

By Nature

Rice Protein Market Key Players include

• Axiom Foods (United States)
• AIDP Inc. (United States)
• RiceBran Technologies (United States)
• Golden Grain Group Limited (China)
• Ribus Inc. (United States)
• Top Health Ingredients Inc. (Canada)
• Shafi Gluco-Chem (Malaysia)
• Nutribiotic (United States)
• Bioway (Xi’an) Organic Ingredients Co., Ltd. (China)
• Shandong Jianyuan Foods Co., Ltd. (China)
• AIDP Inc. (United States)
• The Green Labs LLC (United States)
• A & Z Food Additives Co., Ltd. (China)
• Rice Protein Company Limited (Thailand)
• BENEO GmbH (Germany)
• Nuzest (New Zealand)
• Shaanxi Fuheng (FH) Biotechnology Co., Ltd. (China)
• Kerry Group (Ireland)
• Golden Grain Group Limited (China)
• AIDP Inc. (United States)
• Nutrition Resource Inc. (United States)
• Axiom Foods (United States)
• Z-Company BV (Netherlands)
• RiceBran Technologies (United States)
• Golden Grain Group Limited (China)
• AIDP Inc. (United States)

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Key questions answered in the Rice Protein Market are:

• What are Rice Protein?
• What was the Rice Protein market size in 2022?
• What is the expected Rice Protein market size by 2029?
• What is the growth rate of the Rice Protein Market?
• Which are the factors expected to drive the Rice Protein market growth?
• Which segment dominated the Rice Protein market growth?
• What is the demand pattern for the Rice Protein market?
• Which region held the largest share in the Rice Protein market?
• Who are the key players in the Rice Protein market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by product, source, end-user, and nature
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

Maximize Market Research is leading Food & Beverages research firm, has also published the following reports:

Fusion Protein Market: The total market size is expected to reach a value of USD 5.9 Bn by 2029, growing at a CAGR of 6.5 percent during the forecast period of 2023 -2029. Advancements in protein engineering research and need for targeted therapies is expected to boost the market growth.

Protein Bar Market: The total market size was valued at USD 4.36 Bn in 2022 and is expected to grow at a CAGR of 5.7 percent from 2023 to 2029, reaching USD 6.43 Bn. Increasing health and fitness awareness among consumers is expected to boost the market growth.

Protein Sequencing Market: The total market size was valued at USD 1.34 Bn, is estimated to grow at a CAGR of 3.77 percent in the forecasted period reaching USD 1.73 Bn USD by 2029. High investments in R&D and huge development in the technology is expected to boost the market growth.

Processed Animal Protein Market: The total market size was valued at USD 12.50 Bn in 2021 and market size is expected to grow at a CAGR of 3 percent through the forecast period to reach USD 15.83 Bn. Growing animal waste and increased meat consumption is expected to boost the market growth.

Whey Protein Market: The total market size was valued at USD 18.31 Bn in 2029 and market size is expected to grow at a CAGR of 7.5 percent over the forecast period to reach USD 18.31 Bn. Rising prevalence of way of life related illnesses is expected to boost the market growth.

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