Market Research Report
Global Organic Rice Protein Market Research Report, Insights, Opportunity Analysis, Market Shares and Forecast 2017 - 2023
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||607605|
|Published||Content info||190 Pages
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|Global Organic Rice Protein Market Research Report, Insights, Opportunity Analysis, Market Shares and Forecast 2017 - 2023|
|Published: February 23, 2018||Content info: 190 Pages||
The global organic rice protein market is expected to have a CAGR of 20% during forecast period 2017-2023. The key factors driving the market growth are increasing demand for organic rice protein, stringent product label regulations, increasing popularity of organic rice protein due to higher protein composition, potential alternative to animal and other plant proteins. .
Geographically, North America is the largest market region for global organic rice protein market and had acquired more than 50% market share in 2015. The key factors driving the market growth in North America is the improved living standards and increased focus and awareness regarding fitness and sports, especially in Canada and U.S. However, Europe is expected to emerge as the fastest growing market region owing to surging consumer awareness regarding plant based diet due to increasing penetration of social media, especially in Germany, France and UK. Additional factors such as increased adoption of meat analogues in European region is likely to augment the demand for organic rice protein by the end of 2023.
The global organic rice protein market is influenced by presence of leading companies such as RiceBran Technologies, AG Commodities Inc., AIDP Inc., Axiom Foods Inc., Ekowarehouse etc. Product launch, joint venture, merger and acquisition are some of the strategies adopted by key market players to gain competitive advantage.
Global organic rice protein market report covers segmentation analysis of type, form, function and applications. Report further covers segments of types of organic rice proteins which include Rice Protein Concentrates, Rice Protein Isolates and others types. Rice Protein Isolates is the leading type segment and had acquired approximately 50% market share in 2015. It has high protein content of more than 90% due to which rice protein isolates are being extensively used for beverages, baking and cooking purposes. It is also used as a flavour enhancer in beverage and food industry. Report further covers segments of forms which include dry form and liquid form. Report further covers segments of functions of organic rice protein which include emulsifying, texturing, gelling and foaming. The applications of organic rice protein includes sports & energy nutrition, beverages, bakery & confectionery, meat analogues & extenders, dairy alternatives and other applications. Sports & energy nutrition is the dominating application segment. This is because organic rice protein enhances the metabolism and controls the sugar level of the body. Furthermore, muscle mass, power and nutrition composition of the human body is enhanced by consumption of organic rice protein which led to increased adoption of organic rice protein by athletics.