Research Nester released a report titled “Rice Protein Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global rice protein market in terms of market segmentation by form, product, application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global rice protein market size is expected to grow significantly at a considerable CAGR during the forecasted period, i.e., 2021-2029. One of the principal drivers of the growth of the rice protein market is the growing production of food products in the global food and beverage industry. Moreover, growing consumption of functional foods by individuals worldwide, is further anticipated to drive the market growth during the forecast period. In the United States, organic products are available in every 3 out of 4 conventional grocery stores, according to the data by U.S Department of Agriculture.
The global rice protein market is segmented based on form into organic and inorganic. The organic segment is anticipated to see noteworthy growth during the forecast period owing to the rising health consciousness of people worldwide. Furthermore, by product, the isolates segment is calculated to harness appreciable growth owing to the high protein content of isolates when compared to concentrates and hydrolysates.
Geographically, the rice protein market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Out of these regions, the North America rice protein market occupies the largest share in the year 2021, backed by the presence of leading functional foods manufacturers and broad distribution networks. Additionally, the market in the Asia-Pacific region is projected to perceive high growth, in view of the increasing demand for functional and fortified food products amongst the consumers in the region.
Health Benefits of Protein Infused Food and Rise in the Use of Rice Protein in Baking Goods is Predicted to Boost Market Growth
Consumers are moving towards a healthy lifestyle and eating habits, and food companies are eager to present them with essential nutritional food products. This is estimated to provide impetus to the growth of the market owing to the rise in demand for fortified food products. Furthermore, the growing usage of rice protein in baking items and ready to eat food is assessed to be a notable growth factor for the global rice protein market.
However, less awareness among people about the benefits of rice protein is expected to operate as key restraint to the growth of global rice protein market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global rice protein market which includes company profiling of Axiom Foods, Inc., AIDP, Bioway (Xi’an) Organic Ingredients Co. Ltd., Golden Grain Group Ltd., RiceBran Technologies (NASDAQ: RIBT), NOW Health Group Inc., Shafi Gluco Chem Pvt. Ltd., The Green Labs LLC, and Top Health Ingredients Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global rice protein market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.