Fact.MR has been actively involved in offering comprehensive research data concerning various topics which are associated to industrial reference and investor utility. This particular research report titled “Rice Protein MarketForecast, Trend Analysis & Competition Tracking - Global Review 2017 to 2026” has been added to the wide online database of FACT.MR which discusses the present as well as future market scenario. Readers can access knowledge related to market volume, regional expanse as well as competitive landscape prevailing in the globalrice protein market. In order to study development patterns, this smart assessment also focuses on market dynamics, which talks about drivers, restraints and opportunities estimated to influence the concerned market during the period until 2026.
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Derived from both white rice as well as brown rice, rice protein is considered as an imperative plant protein, with utilization of rice protein in the pharmaceutical sector being one of the recent emerging trends. Characterized by high presence of amino acid, rice protein has been deemed ideal for use in pharmaceutical and medical products. Rice protein represents robust application outlook in the cosmetic, and food industries. Increasing consumer awareness with regard to consumption of nutrition-rich food ingredients has been influencing demand for rice protein since the recent past. FDA has implemented several favorable regulations pertaining to a wide range of rice protein applications, which in turn has led toward its high acceptance among consumers.
Food manufacturers are focusing on complying with standards, with an aim to produce gluten-free and anti-allergic products, with growing emphasis of consumers on following a healthier lifestyle. Inclining preference toward organic rice protein is one of the major trends gaining traction worldwide. Demand for organic rice protein has witnessed a tremendous surge in the sports and athletics sector. There has been a rise in the awareness about dietary source and food products, which avoid utilization of preservatives, thereby augmenting demand for organic rice protein. Organic rice protein has emerged as a potential alternative to soy protein that have been considered to cause various types of allergies.
A recent research analysis of Fact.MR envisages the global rice protein market to record a spectacular 8.6% value CAGR during the forecast period 2017 to 2026. More than 68,000 tons of rice protein are gauged to be sold worldwide by 2026-end.
North America to Remain Most Remunerative Market for Rice Protein
North America is home to a large number of well-established producers of rice protein, which has led the region to account for majority share of the market. Technological advancements in production of rice protein coupled with its robust adoption in the food & beverage industry will further fuel the market growth of rice protein in North America. In terms of value, North America will prevail as the most remunerative market for rice protein.
Characterized by the separation of protein from food, isolates of rice protein contain minimum amount of fat, fiber, and carbohydrate, leaving them with 90-95% of protein by weight. High protein content of isolates has been driving its popularity, thereby driving its demand across various applications. In terms of value, isolates will continue to be the dominating product segment in the global rice protein market.
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Dry Form of Rice Protein to Remain Preferred among Consumers
Dry form of rice protein will continue to be preferred among consumers, with sales poised to account for over US$ 130 Mn revenues by 2026-end. Revenues from sales of liquid form of rice protein will remain nearly half of revenues procured from sales of dry form of rice protein. On the basis of function, emulsifying will remain dominant in the market in terms of value, followed by foaming.
In Asia-Pacific excluding Japan (APEJ), growing demand for nutritional products based on protein in light of soaring consumer awareness on healthy lifestyles has been fuelling adoption of rice protein. APEJ will remain the fast-growing market for rice protein, in terms of value. However, revenues from rice protein sales in North America and Europe will remain comparatively larger than those from APEJ through the forecast period.
Competition Tracking
The global market for rice protein is highly concentrated and competitive, with few companies accounting for major shares of the market. As manufacturers of rice protein are currently low on revenues and capital, they are adopting inorganic development strategies that include partnerships and agreements with distributors and suppliers. Some manufacturers are also making investments in research and development activities for improving their already existing product variants as well as introducing new products, in order to acquire a competitive edge.
The report profiles key companies underpinning growth of the global rice protein market, which include Axiom Foods Inc., AIDP Inc., Bioway (Xi'an) Organic Ingredients Co., Ltd., Golden Grain Group Ltd., RiceBran Technologies, Nutrition Resource Inc., Shaanxi Fuheng (FH) Biotechnology Co., Ltd., Shafi Gluco Chem Pvt. Ltd., The Green Labs LLC, Top Health Ingredients Inc., Nutribiotic, Z-Company, North Coast Naturals, and Pure Food Company LLC.
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