New York, United States, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Organic protein from rice is a kind of plant-based protein that is utilized in place of animal and dairy protein. The rice protein is typically taken from brown rice after being treated with enzymes, resulting in the separation of the rice's carbohydrates and proteins. “Health Enthusiasts and demand for lactose-free and gluten-free products are driving the market,” stated by the Research Manager at Straits Research P. Ltd.
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RISING TRENDS
Due to its lactose-free and gluten-free qualities, organic rice protein is in higher demand in the sports industry, which is anticipated to propel market expansion for organic rice protein in the near future. Due to its advantageous qualities, such as its capacity to repair muscle breakdown brought on by rigorous training and exercise, protein consumption is essential for athletes. Another factor that is anticipated to enhance demand for protein components in the sports industry over the projected period is the ability of rice protein products to assist athletes in reducing their hunger and calorie intake. Additionally, rising demand for rice protein in foods and beverages, such as protein shakes and yoghurt and spreads with added protein, is anticipated to boost market revenue development between 2021 and 2030.
GROWTH OPPORTUNITIES
Over the projected period, the pharmaceuticals section is anticipated to be driven primarily by rising demand for plant-based medications and rising consumer awareness of their advantages over other plant-based goods. The end-use industries, such as food & beverage, pharmaceuticals, cosmetics, and animal feed, are anticipated to grow at the highest rate in emerging nations like China, Brazil, and India. As a result, the market for rice protein is expected to expand at a faster rate in these nations.
REGIONAL ANALYSIS
The organic rice protein market can be further divided into North America, Europe, Asia-Pacific, South America, and the Rest of the World, depending on geography. Compared to its competitors, North America enjoyed a commanding market share of 34% in 2021. This is due to the strong demand from the application sectors, which include dairy substitutes, meat extenders and analogues, bakery & confectionery, sports & energy nutrition, and others.
Due to strong demand from the food and beverage industry, North America was the largest market in 2020 and represented over 49% of the entire volume. This region's market share has increased globally, thanks to the prevalence of several producers. By controlling the bulk of the volume and revenue shares in the industry in 2020, the U.S. dominated the market.
The three largest markets in the Asia Pacific in 2020 were Japan, China, and India. Over the projected period, demand for nutritious foods containing protein is expected to increase as a result of growing consumer awareness of the benefits of leading healthy lives.
KEY HIGHLIGHTS
- The global organic rice protein market size is projected to reach USD 455.65 million by 2030 at a CAGR of 18.34% from 2022 to 2030.
- This market can be segmented on the basis of product, application, regions and competitors.
- By 2030, North America is anticipated to have the largest market share, with the Asia Pacific emerging as the fastest-growing market.
COMPETITORS ANALYSIS:
Players in the organic rice protein market use a number of different methods, including product launches, mergers and acquisitions, joint ventures, and geographic expansion. RiceBran Technologies, Shaanxi Fuheng, Nutrition Resource Inc., AIDP Inc., Axiom Foods Inc., Nutribiotic, Cambridge Commodities, Healy Group, A&B Ingredients, North Coast Naturals, and Organic Ingredients Co. Ltd. are a few of the major participants.
RECENT DEVELOPMENTS:
- Cambridge Commodities introduced a line of rice proteins made from plants in July 2021. Three pre-made tastes are available, including cherry cola, strawberry and kiwi, and tropical. To fulfil the rising consumer demand, the company is concentrating on transparent plant proteins. The clear rice protein from Cambridge Commodities has a superior amino acid profile and offers 10g of protein per 14g serving. In addition, they have added Librifoam, an anti-foaming ingredient, to the formulation.
- Rice protein made from PROriz was introduced by Milk Specialties Global in October 2020. It was processed without the use of hexane and had a neutral flavour. Rice protein called PROriz is offered in both organic and conventional forms. For example, ready-to-mix protein smoothies can be made with PROriz rice protein to assist clients in winning in a cutthroat market.
MARKET SEGMENTATION:
Product Outlook:
- Rice protein isolates
- Rice protein concentrates
- Others
Application Outlook:
- Food and beverages
- Pharmaceutical
- Cosmetics
- Animal feed
Organic Rice Protein Application Outlook:
- Sports & Energy Nutrition
- Bakery & Confectionery
- Meat Analogues & Extenders
- Dairy Alternatives
- Others
Regional Outlook:
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
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