PUBLISHER: IMARC | PRODUCT CODE: 1541716
PUBLISHER: IMARC | PRODUCT CODE: 1541716
The global rice protein market size reached US$ 792.6 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,020.9 Million by 2032, exhibiting a growth rate (CAGR) of 2.74% during 2024-2032.
Rice protein is derived from whole-grain brown rice through sifting, hydrolysis, separation washing, drying, sieving, and milling. It has several functional benefits, such as increasing water solubility, improving texture, promoting ease of dry flow, and masking off-flavors in food products. As a result, it is widely used as a formulation aid, stabilizer, thickener, and texturizer in baked goods, soup mixes, beverage bases, breakfast cereals, dairy product analogs, fats and oils, plant protein products, grain products and pasta, and processed fruits, vegetables, and juices. Nowadays, there is a rise in the demand for rice protein around the world as it is considered uniquely nutritious and hypoallergenic.
The growing inclination towards a plant-based diet to avoid consumption of animal products due to allergens, concentration of toxins, unnecessary calories, and additional processing represents one of the main factors catalyzing the demand for rice protein worldwide. Moreover, it can be sprinkled on cereals and yogurt, added to cooked dishes to boost the protein content, and used for manufacturing infant food formula. Due to its high bioavailability and absorption, rice protein is easily digestible, thereby making it an alternative to soy in gluten-free products. Additionally, the increasing demand for gluten-free products on account of a significant rise in the number of individuals suffering from bloating, gas, cramping, and digestive discomfort from dairy products is contributing to market growth. Apart from this, it aids in weight loss, fat burning, fast muscle recovery, and reduced cholesterol levels in plasma and liver. As a result, rice protein powder is gaining traction in sports nutritional supplements to increase muscle mass and build strength. The increasing number of athletes is anticipated to bolster the market growth further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global rice protein market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product and application.
Rice Protein Isolates
Rice Protein Concentrates
Others
Food and Beverages
Pharmaceutical
Cosmetics
Animal Feed
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Top Health Ingredients Inc.