TheGlobal Organic Rice Protein Marketis valued at USD 95.3 Million in 2021 and is expected to reach USD 307.2 Million by the end of 2028, growing at a Compound Annual Growth Rate (CAGR) of 18.2% during 2022-2028. Rice protein is found in both brown and white rice, separating carbohydrates from proteins. It acts as a substitute for soy protein and whey protein.The global rice protein market has been predicted to prove its mettle in the market due to the many benefits it offers.
Organic Rice Protein ingredients have a variety of functions that enable them to be used in a variety of applications. These include emulsification, messaging, gelling, and foam removal. Manufacturers of organic protein are experimenting with the different performances of rice proteins in food and non-food systems to attract a new customer base. Increasing demand from the food, cosmetics, and sports industry is expected to boost the rice protein market worldwide. Increasing awareness about food and nutrition and increasing purchasing power increases the need for rice protein. Therefore, pushing the rice protein market worldwide to a wider scale. Lower awareness among consumers is expected to be a factor that can hinder the growth of the rice protein market globally.
In addition, the increased demand for organic rice protein due to its high protein content makes it a leading factor in the growth of the global fructose market. Organic rice protein can target lactose-intolerant people. Also, it does not contain gluten which is expected to provide opportunities for growth in the rice protein market worldwide. Vegan people are eager to find other sources of protein, creating a growing demand for rice protein. Many demands from the food and beverage sector are expected to further the growth of the rice protein market worldwide. Its ability to differentiate between carbohydrates and proteins makes it a very healthy type of protein. Therefore, the presence of high protein content enhances the rice protein market. Also, it is rich in antioxidants and amino acids that play a major role in the growth of the rice protein market worldwide.The rise in food allergies is expected to be a key factor in opening opportunities for the rice protein market worldwide.
The market for organic rice protein is divided based on type, form, and application. Based on the type, the market is divided into rice protein concentrates, rice protein isolates, and others. Based on form, the market is divided into dry and liquid. In both forms, the dried form is commonly used in the food and beverage industry, due to the health benefits it provides. While based on application, the market is divided into nutritious sports and energy beverages, dairy products, bakery & confectionery, meat, analogs & extensions, and others such as soups, sauces, processed salads, spices, pasta, frozen fruit, breakfast, flavor enhancers, and sweeteners.
The global rice protein market is widespread in North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa. Europe is expected to dominate the global rice protein market at the time of the forecast. Growth in this region has been driven by increased demand for healthy eating options, lactose-free protein sources, and gluten. Alternatively, the Asia Pacific, particularly China, Japan, and India are expected to play a major role in the global rice protein market due to the increasing demand for protein foods and the growing lifestyle changes expected to be the cause of growth in the region.
Key players in the Organic Rice Protein Market includeAIDP, Inc. (US); Axiom Foods (US); Shaanxi Fuheng (FH) Biotechnology Co. Ltd. (China); RiceBran Technologies (US); Golden Grain Group Limited (China); Top Health Ingredients, Inc. (Canada); Ribus, Inc. (US); Bioway (Xi’an) Organic Ingredients Co. Ltd. (China), Green Labs, LLC (US); and Shafi Gluco-Chem (Pvt.) Ltd. (Pakistan)..
These players are increasingly making new product launches, extensions, acquisitions, and ongoing market access agreements.