Rice Protein Market Size, Growth, Future Trends, Key Players and Industry Analysis

IMARC Group has recently released a new research study titled “Rice Protein Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.



How big is the rice protein market?



The global rice protein market size reached US$ 768.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 923.3 Million by 2028, exhibiting a growth rate (CAGR) of 3% during 2023-2028.



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Market Outlook: 



Rice protein is a plant-based protein derived from rice grains through a specialized extraction process. It is a high-quality protein source that offers numerous benefits for the food and beverage industry, dietary supplements, and personal care products. Rice protein is recognized for its complete amino acid profile, making it a suitable alternative to animal-based proteins for individuals with dietary restrictions or those following a vegan or vegetarian lifestyle. With its hypoallergenic nature, easy digestibility, and gluten-free properties, rice protein has gained significant popularity as a versatile ingredient in various applications.



Market Trends: 



The global market is primarily driven by the increasing consumer demand for plant-based protein options. This can be attributed to the rise in vegan and vegetarian populations adopting sustainable dietary choices. In line with this, the growing awareness about food allergies and intolerances such as dairy, soy, and gluten, is making allergen-free rice protein an attractive option for consumers with dietary restrictions or sensitivities. Moreover, the increasing incorporation of plant-based proteins into sports nutrition to support muscle recovery and overall performance is creating lucrative opportunities for the market.



In addition to this, continual technological advancements in extraction processes, enabling the production of high-quality rice protein with improved flavor and texture is providing an impetus to the market.  Furthermore, rapid product utilization in the formulation of various clean-label food and beverage products is creating a positive market outlook.



Apart from this, the expanding food and beverage industry, especially in emerging markets where rice is a staple food, is propelling the demand for rice protein.



Competitive Landscape with Key Players:



The competitive landscape of the rice protein market has been studied in the report with the detailed profiles of the key players operating in the market.



Major Players Covered:



AIDP Inc.

Axiom Foods Inc.

Bioway (Xi'an) Organic Ingredients Co. Ltd.

Golden Grain Group Limited

North Coast Naturals

Nutribiotic

RiceBran Technologies

Rollins International Pvt. Ltd. (RHA Holdings Private Ltd.)

Shafi Gluco Chem Pvt. Ltd.

The Green Labs LLC

Top Health Ingredients Inc.



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Report Segmentation:



Based on Product:



Rice Protein Isolates

Rice Protein Concentrates

Others



Based on Application:



Food and Beverages

Pharmaceutical

Cosmetics

Animal Feed



Geographical Analysis:



North America

Asia Pacific

Europe

Latin America

Middle East and Africa



Key Highlights of the Report:



Market Performance (2017-2022)

Market Outlook (2023-2028)

Market Trends

Market Drivers and Success Factors

Impact of COVID-19

Value Chain Analysis

Comprehensive mapping of the competitive landscape



If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.



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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.



IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.



Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.



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