Rice Protein Market Size was estimated at 5.17 (USD Billion) in 2022. The Rice Protein Market Industry is expected to grow from 5.59 (USD Billion) in 2023 to 11.2 (USD Billion) by 2032. The Rice Protein Market CAGR (growth rate) is expected to be around 8.04% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Flourishing demand for plant-based protein sources, particularly among vegan and health-conscious consumers, propels the global rice protein market. Rice protein's hypoallergenic and gluten-free nature further broadens its appeal. The market is expected to showcase substantial growth due to rising health consciousness and the increasing popularity of functional and fortified food products. Furthermore, the expanding applications of rice protein in sports nutrition and food beverage industries contribute to market growth. The trend towards clean-label and sustainable ingredients also favors the adoption of rice protein, as it aligns with consumer preferences for natural and minimally processed products. Overall, the market is characterized by a focus on innovation, diversification, and sustainability as manufacturers seek to meet evolving consumer needs and regulatory requirements.
One of the main factors promoting the expansion of the rice protein market is the constant increase in the overall demand for alternative sources of this substance on a global scale. Nowadays, individuals tend to be more concerned about their health, and the growing number of diseases of civilization forces them to pay more attention to their daily diet. Significantly, rice protein is recognized as a complete protein, meaning it contains all essential amino acids required by the human organism.It is gluten and lactose-free, insurance it can be easily digested by the human body. Moreover, the existing trends for healthy lifestyles and increased awareness of such progressive issues as vegetarianism and veganism also contribute to the growing demand for rice protein as a decent alternative to common sources of this vital substance.
The development of production technology based on the use of rice proteins also contributes to the development of the Global Rice Protein Market Industry. Thus, the advent of such techniques as enzymatic hydrolysis and ultrafiltration has made it possible to obtain higher-fraction proteins. As a result, it became possible to create unique products based on rice protein that have improved functional and nutritional properties. Also, the use of bioprocessing technologies allows for concentrates and isolates with high protein content and improved nutritional value.
The rice protein market is expanding with the growing applications in the food and beverage industry. Rice protein is used in different foods and beverages, such as protein bars, shakes, and supplements. It can be used across all food and beverage applications owing to its neutral taste and high nutritional value. The rise in demand for fortified and functional food and beverages also plays a crucial role in driving the growth of the rice protein market.
The Global Rice Protein Market is divided into brown rice protein and white rice protein by product type. Brown rice protein is a complete protein with all nine essential amino acids. Besides, it is rich in fiber, vitamins, and minerals. White rice protein lacks the lysine amino acid, making it a less complete protein. However, white rice protein has higher digestibility compared to brown rice protein. Increased demand for plant-based proteins, increased awareness of the health benefits of rice protein, and the growth of rice protein in food and beverage applications are some of the key factors prompting the growth of the Global Rice Protein Market.
North America dominates the global market for rice protein, followed by Europe and Asia Pacific. Increased demand for plant-based proteins and increased health awareness can drive the North American market throughout the forecast timeline. Further, Europe can experience faster growth in the market due to increased health awareness of rice protein in the region, while the Asia Pacific market can be considered stable over the forecast timeline due to increased food applications and demand for rice protein beverages in the region. The prominent players in the Global Rice Protein Market are Axiom Foods, Inc., The Scoular Company, and Ingredion Incorporated.These companies are expanding production in the form of investment in research and development to improve the quality and function of rice protein.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Form Segment Insight and Overview The Global Rice Protein Market separation by form includes powder and liquid. In 2023, the powder form is the dominant segment, accounting for over 80% of the market. This form is the most popular due to its longer shelf-life, easier handling and storage, and lower transportation costs. The liquid form is projected to register a faster CAGR in the forecast period because it is more and more commonly used in beverages and nutritional supplements. The Global Rice Protein Market revenue from the powder form will equal USD 9.2 billion by 2024, while the liquid form is expected to equal USD 2.0 billion the same year.
The market will be promoted by the general trend towards increasing the consumption of plant-based proteins, as well as the rising health consciousness and a better image of rice proteins as a healthier alternative.
The Application segment of the Global Rice Protein Market is categorized into Food Beverages, Dietary Supplements, and Personal Care. Among these, the Food Beverages segment held the largest market share of around 45% in 2023. The increasing demand for plant-based protein alternatives in food and beverage products is driving the growth of this segment. The Dietary Supplements segment is also witnessing significant growth due to the rising awareness about the health benefits of rice protein. The Personal Care segment is expected to show substantial growth in the coming years, owing to the increasing use of rice protein in skincare and hair care products.
The distribution channel segment plays a critical role in the Global Rice Protein Market, shaping market growth and industry dynamics. The market is segmented into two primary distribution channels online and offline. Online The online channel has witnessed significant growth in recent years, driven by the rise of e-commerce platforms and changing consumer behavior. Key players in the online segment include Amazon, iHerb, and Alibaba. Convenience, wider product selection, and competitive pricing contribute to the growing popularity of online purchases.
The Global Rice Protein Market revenue through online channels is projected to reach $2.4 billion by 2024, exhibiting a strong CAGR. Offline The offline channel remains dominant in the Global Rice Protein Market, accounting for a larger market share compared to online. Key distribution channels include supermarkets, hypermarkets, and specialty stores. Offline channels provide consumers with the opportunity to physically inspect products and receive personalized advice. Established distribution networks and a strong brand presence support the growth of the offline segment.
The Global Rice Protein Market is segmented into North America, Europe, APAC, South America, and MEA. The APAC region is expected to dominate the market in 2023 with a revenue of 2.85 USD Billion and is projected to grow at a CAGR of 8.2% to reach 5.7 USD Billion in 2032. This growth is attributed to the increasing demand for plant-based protein sources and the growing popularity of rice protein as a healthy and sustainable alternative to animal protein. North America and Europe are also significant markets for rice protein, with a combined revenue of 2.3 USD Billion in 2023.
The market in these regions is driven by the growing awareness of the health benefits of rice protein and the increasing demand for clean-label and plant-based food products. South America and MEA are emerging markets for rice protein, with a combined revenue of 0.45 USD Billion in 2023. These regions are expected to witness significant growth in the coming years due to rising disposable income, changing dietary patterns, and growing demand for healthy and convenient food options.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Rice Protein Market major players are continuously focusing on the Rice Protein Market industry growth and development. Moreover, Rice Protein Market companies are emphasizing new Rice Protein Market products and research and development activities to offer innovative Rice Protein Market products chain. Between major Rice Protein Market players, the is being viewed toward growth.
They provide details by competitor. Market players have adopted various Rice Protein Market growth developments and expansions to provide Rice Protein Market estimation. Major Rice Protein Market Industry players are constantly focusing on Rice Protein Market industry growth, offering advanced Rice Protein Market products. Major players present in the Rice Protein Market Industry are Axiom Foods, Inc., Ingredion Incorporated, Kerry Group, and Royal DSM. Axiom Foods, Inc. is the leading Rice Protein Market Industry player as the company is focusing on expanding its Rice Protein Market business across the world by developing new Rice Protein Market products.
A prominent player in the global Rice Protein Market, Axiom Foods, Inc. is one of the leading companies. The company produces a variety of Rice Protein Market products, such as brown rice protein, white rice protein, and organic rice protein. Throughout North America and Europe, Axiom Foods, Inc. has a presence.
The company also operates in the Asia-Pacific Rice Protein Market region. Axiom Foods, Inc. serves a wide variety of different industries, including food and beverage and nutrition. A leading provider of ingredient solutions and specialties, Ingredion Incorporated, is another major driver in the Rice Protein Market. Milling wet milling and drying corn and other grains include the company.
As of December 31, 2018, the grand geographic presence of Ingredion Incorporated in Europe is known to operate in the regions of APAC and South America, as well as the North American Rice Protein Market region. And South America. There are a variety of Rice Protein Market products produced by this company, including Rice protein isolate, rice protein concentrate, and rice protein hydrolysate. Politics. Politics. Politics. Politics. Kerry Group is also a notable player in the Rice Protein Market. Politics. Politics. Politics. Politics.
In the Rice Protein Market, the group sells its Rice Protein Market product under the label PRO-RICE. It is used in the Rice Protein Market industry for a variety of different applications, including sports nutrition, Weight management, and general nutrition. In Europe, the group has a strong foothold in the North American Rice Protein Market region and is working to expand its Rice Protein Market Market Market Market Market business in the Asia-Pacific region. In nutrition and health, Royal DSM is a global creator of vitamins, minerals and biological products.
Through Rice Protein Market products that include rice protein hydrolysate, rice protein isolate, and rice protein concentrate of a variety of different properties from food and beverage to nutrition to animal feed, this company realizes its Rice Protein Market product. Over 100 countries are entered by the group. Further, the companies are making efforts toward the development of new Rice Protein Market products in the years to come due to their rising demand from customers.
Key Companies in the Rice Protein Market Include
Rice Protein Market Industry Developments
The global rice protein market is projected to reach USD 11.2 billion by 2032, exhibiting a CAGR of 8.04% during the forecast period. Rising demand for plant-based proteins, increasing awareness of the health benefits of rice protein, and growing applications in various industries are key factors driving market growth.Recent developments include strategic partnerships and investments. For instance, in 2023, Ingredion Incorporated announced a partnership with Axiom Foods to expand its rice protein production capacity. Moreover, the launch of innovative products is shaping the market. In 2022, Helios Nutritionals introduced a new line of organic and non-GMO rice protein powders.Government initiatives and regulations are also influencing the market. In 2023, the U.S. Food and Drug Administration (FDA) issued a draft guidance on plant-based protein labeling, providing clarity for manufacturers. Key players in the market include Axiom Foods, The Scoular Company, and EHL Ingredients.
Rice Protein Market Segmentation Insights
Rice Protein Market Regional Outlook
North America
Europe
South America
Asia Pacific
Middle East and Africa
| Report Attribute/Metric | Details |
| Market Size 2022 | 5.17 (USD Billion) |
| Market Size 2023 | 5.59 (USD Billion) |
| Market Size 2032 | 11.2 (USD Billion) |
| Compound Annual Growth Rate (CAGR) | 8.04% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Kerry, Axiom Foods, Roquette, Glanbia Nutritionals, Nutricare, Watson Foods Company, Ingredion Incorporated, Lonza, The Scoular Company, Biorigin, DuPont, Sun Impex, ADM, Wilmar International Limited |
| Segments Covered | Product Type, Form, Application, Distribution Channel, Regional |
| Key Market Opportunities | Plantbased Protein Trend Growing Health Consciousness Sports Nutrition Segment Expansion AsiaPacific Market Growth Functional Food Applications |
| Key Market Dynamics | Rising demand for plant-based proteins Growing awareness of health benefits Increasing consumer disposable income Expanding applications in various industries Technological advancements in production methods |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The global rice protein market size was valued at USD 5.59 billion in 2023 and is projected to reach USD 11.2 billion by 2032, exhibiting a CAGR of 8.04% during the forecast period.
North America, Europe, Asia-Pacific, South America, the Middle East and Africa are the key regions in the global rice protein market. Asia-Pacific is expected to hold the largest market share due to the increasing demand for plant-based proteins in the region.
Rice protein is primarily used in the food and beverage industry, followed by the dietary supplement industry. It is used as an ingredient in various food products such as protein bars, shakes, beverages, and baked goods.
Some of the key competitors in the global rice protein market include ADM, Cargill, DuPont, Ingredion, and Kerry Group. These companies offer a wide range of rice protein products to meet the diverse needs of their customers
The growing demand for plant-based proteins, the rising awareness of the health benefits of rice protein, and the increasing adoption of rice protein in various food and beverage applications are some of the key trends driving the growth of the global rice protein market.
The high cost of rice protein production, the limited availability of raw materials, and the stringent regulatory requirements are some of the challenges faced by the global rice protein market.
The future outlook of the global rice protein market is positive. The increasing demand for plant-based proteins, the growing awareness of the health benefits of rice protein, and the increasing adoption of rice protein in various food and beverage applications are expected to drive the growth of the market in the coming years.
Some of the recent developments in the global rice protein market include the launch of new rice protein products by key players, the expansion of production capacities by existing players, and the entry of new players into the market.
The growing demand for plant-based proteins, the rising awareness of the health benefits of rice protein, and the increasing adoption of rice protein in various food and beverage applications are the key factors driving the growth of the global rice protein market.
The growing demand for plant-based proteins in emerging markets, the rising popularity of rice protein in sports nutrition, and the increasing use of rice protein in pet food applications are some of the key opportunities for growth in the global rice protein market.
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