Global organic rice protein market was valued at USD 34.3million in 2015. It is expected to grow rapidly over the forecast period. Its non-GMO, nontoxic, organic, vegan, and non-GMO nature will likely drive its demand in many food & beverages products. Hypoallergenic rice protein can replace dominant allergens such as soy, milk, and gluten proteins.
Organic rice protein is a protein that has been extracted from organically grown rice. It contains methionine as well as cysteine. Amino acids are vital for the body's muscles, immune system, and building tissues. Organic rice protein is rich in amino acids. It is a popular protein source in both hot and cold dishes.
Plant-based proteins produce 11 times less carbon than animal-based proteins. Plants are more environmentally friendly than proteins from meat, fish, poultry, milk, and cheese. Organic products are likely to see a rise in demand, which will have a positive effect on the market over the next eight year.
This product is increasingly being used in non-dairy beverages and sports & recovery drinks formulations. Market growth is expected to be driven by increased R&D to create a high-quality product. Over the forecast period, organic rice protein will likely open up new markets due to its low cost and superior properties.
The changing consumer needs and increased focus on non GMO, gluten-free, and hexane-free products will likely drive R&D in this area, which will propel market development. The final price of organic rice protein is determined by the manufacturing process. It is heavily dependent on the manufacturing method, the properties of the product and the cost of various approvals.
The key market driver has been the rising demand for organic rice protein by athletes and other sportspeople. Organic rice protein is preferred by consumers over soy and whey proteins, as it doesn't cause allergies. The global organic protein market will be driven by growing health concerns and a rising preference for healthy eating habits.
The product's wide-ranging functions in the food and beverage industry such as foaming (emulsification), gelation, viscosity, gelation, viscosity and solubility will likely increase its use over the next few years. The industry will face challenges over the next eight year due to low awareness of rice protein and the availability of many other products on the market.
There are many forms of organic rice protein, including hydrolysates, isolates, and concentrates. The most popular form of the product was the isolate, which accounted for about half of the market in 2015. It contains over 90% of its protein, which will increase its use in cooking and baking. It can also be used as a flavor enhancer for food and beverages. Because of their low cost and high investment, concentrates will likely see significant growth.
With a market share of more than 85%, organic rice protein was dominated by sports & energy nutrition applications. It improves metabolism and keeps sugar levels under control. Organic rice protein has been quickly accepted in the sports nutrition and energy nutrition applications.
Due to the increase in vegans, meat analogues and extenders will see their product demand grow at a rapid pace. A high preference for vegan food over non-vegetarian foods is expected to have a positive effect on growth.
The fastest growth in Europe is expected to occur over the forecast period due to growing consumer awareness through social media, particularly in France, UK and Germany. The region's increasing use of meat analogs is expected to increase demand over the next eight year.
North America was the dominant market, with more than 50% of the total market in 2015. This is due to the high focus on fitness and sports in North America, especially in the U.S. The product's market penetration has been aided by the presence of major manufacturers in the region.
Axiom foods Inc. and Bioway Organic Ingredients Company., Ltd., AIDP Inc. are the key manufacturers. Ltd., Top Health Ingredients Inc., Shaanxi Furheng (FH), Biotechnology Co., Ltd, RiceBran Technologies, & The Green Labs LLC.
Global market players are embracing partnerships and agreements as their key strategy. Companies have sought to expand their global reach through partnerships and expansion of distribution channels. Manufacturers have also been investing more in R&D to create high-quality products to obtain approvals from FDA and other organizations. These factors will likely lead to increased competition among players in the future.
Up Market Research published a new report titled “Organic Rice Protein Market research report which is segmented by Application (Meat Analogues & Extenders, Bakery & Confectionery, Sports & Energy Nutrition, Dairy Alternatives), by Product (Rice Protein Concentrate, Rice Protein Isolate), By Players/Companies Shaanxi Fuheng Biotechnology Ltd, Ltd, Golden Grain Group Ltd, Axiom Foods Inc, The Green Labs LLC, Bioway Organic Ingredients Co, Ltd, Nutrition Resource Inc, RiceBran Technologies, Shafi Gluco Chem Pvt Ltd, Shaanxi Fuheng (FH) Biotechnology Co, AIDP Inc, Top Health Ingredients Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Organic Rice Protein Market Research Report |
By Application | Meat Analogues & Extenders, Bakery & Confectionery, Sports & Energy Nutrition, Dairy Alternatives |
By Product | Rice Protein Concentrate, Rice Protein Isolate |
By Companies | Shaanxi Fuheng Biotechnology Ltd, Ltd, Golden Grain Group Ltd, Axiom Foods Inc, The Green Labs LLC, Bioway Organic Ingredients Co, Ltd, Nutrition Resource Inc, RiceBran Technologies, Shafi Gluco Chem Pvt Ltd, Shaanxi Fuheng (FH) Biotechnology Co, AIDP Inc, Top Health Ingredients Inc |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 242 |
Number of Tables & Figures | 170 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Application (Meat Analogues & Extenders, Bakery & Confectionery, Sports & Energy Nutrition, Dairy Alternatives), by Product (Rice Protein Concentrate, Rice Protein Isolate).
Organic Rice Protein Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Organic Rice Protein Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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