Rice Protein Market Demand, Share, Size and Research Report 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Rice Protein Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global rice protein market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
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.
What is rice protein?
Rice protein has been derived from whole-grain brown rice through hydrolysis, separation washing, sifting, drying, sieving, and milling. It has various functional benefits, such as improving texture, promoting ease of dry flow, increasing water solubility, and masking off-flavors in food products. Rice protein is extensively used as a stabilizer, formulation aid, thickener, and texturizer in soup mixes, breakfast cereals, dairy product analogs, baked goods, fats and oils, plant and grain products, pasta, processed fruits, vegetables and juices, etc., as it is considered uniquely nutritious and hypoallergenic. It finds widespread applications across several sectors, including pharmaceuticals, cosmetics, food and beverage (F&B), animal feed, etc.
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Market Trends:
The escalating demand for a plant-based diet to avoid the consumption of animal derivatives, owing to the concentration of toxins, allergens, unnecessary calories, and additional processing, is primarily driving the rice protein market.
Besides this, the elevating product requirement in cereals, yogurt, cooked dishes, and infant food formula, on account of its high bioavailability and absorption properties, is further augmenting the market growth. Moreover, the growing popularity of rice protein in sports nutritional supplements to build strength as it aids in fat burning, fast muscle recovery, weight loss, and reduced cholesterol levels in plasma and liver is also catalyzing the global market. Apart from this, the increasing need for gluten-free products, owing to the rising number of individuals suffering from gas, cramping, bloating, and digestive discomfort from dairy items, is expected to bolster the rice protein market in the coming years.
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.
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
Explore Full Report Description At: https://www.imarcgroup.com/rice-protein-market
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.
About Us:
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.
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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