Rice Protein Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently published an extensive report on the Global Rice Protein Market, providing in-depth analysis of key market dynamics such as drivers, trends, opportunities, and challenges. The report offers a comprehensive view of the market structure and future prospects.

Key Insights:

Rice Protein Market Size (2023E): US$ 263.8 Mn
Projected Market Value (2033F): US$ 452.3 Mn
Global Market Growth Rate (CAGR 2023 to 2033): 6.2%

Rice Protein Market Overview:

Rice protein is emerging as a popular ingredient in various industries, including food and beverage, infant nutrition, and animal feed, owing to its hypoallergenic properties and high-quality protein content. Extracted primarily from rice bran and endosperm, rice protein addresses the dietary needs of health-conscious consumers, particularly those seeking plant-based and gluten-free options.

The growing preference for vegan and plant-based diets is a major driver for the rice protein market, as it serves as a vital component in protein blends, especially when combined with pea protein. This blend ensures a complete amino acid profile, making it suitable for human consumption. As a result, the market is expected to witness a steady growth rate of 6.6% CAGR from 2023 to 2033.

Market Growth Drivers:

The rice protein market is propelled by several factors, including the rising awareness of lifestyle-related diseases such as obesity, diabetes, and heart disease. Consumers are increasingly adopting healthier diets, choosing food products that are low in calories, fats, and sugars but high in nutritional content. The rising demand for gluten-free and vegan food products, along with the increase in protein allergens, has further driven the demand for rice protein.

Additionally, the rise of veganism and plant-based diets has led to the incorporation of rice protein in various sports and energy nutrition products. The cost-effectiveness and hypoallergenic nature of rice protein make it a favorable alternative to animal-based proteins, particularly in markets where protein allergies are prevalent.

Market Restraints:

Despite its growth, the rice protein market faces challenges such as low awareness of non-soy plant-based proteins. While soy protein dominates the plant-based protein market, many consumers remain unfamiliar with the benefits of rice protein. Furthermore, the erratic supply and high cost of raw materials used for rice protein production can hinder market growth, particularly in developing regions.

Market Opportunities:

The increasing demand for organic products offers significant opportunities for the rice protein market. Organic rice protein, in particular, is gaining traction due to its health benefits, safety, and environmentally friendly production methods. PMR predicts that the organic rice protein segment will grow at the highest CAGR of 7.9% over the forecast period, driven by consumer preferences for clean-label and minimally processed ingredients.

Advancements in rice protein processing technology also offer opportunities for market expansion. Innovations in product quality, particularly in terms of improved viscosity, stability, and binding properties, are expected to create new applications for rice protein across industries such as food, pharmaceuticals, and cosmetics.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the global Rice Protein Market?
How are lifestyle changes influencing the demand for rice protein in various regions?
What are the emerging trends in the plant-based protein industry?
Who are the key players in the rice protein market, and what strategies are they using to stay competitive?
How is the rising demand for vegan products affecting the rice protein market?

Competitive Landscape and Business Strategy:

Key players in the global rice protein market, such as Axiom Foods, Inc., NOW Health Group Inc., and Kerry Group PLC, are focusing on expanding their product offerings and improving their manufacturing processes. Collaboration with local farmers and suppliers ensures a steady supply of raw materials, while investments in R&D help companies develop innovative rice protein products tailored to market demands.

In addition to expanding their distribution networks, manufacturers are also emphasizing sustainable and organic farming practices to appeal to eco-conscious consumers. Marketing strategies highlighting rice protein's vegan, gluten-free, and non-GMO attributes are further enhancing its market appeal.

Key Companies Profiled:

Axiom Foods, Inc.
NOW Health Group Inc.
Kerry Group PLC
RiceBran Technologies
AIDP Inc.
Habib-ADM Ltd.
Sudzucker AG
Nestle SA

Rice Protein Market Industry Segmentation:

By Nature:

Organic
Conventional

By Source:

Rice Bran
Rice Endosperm

By Form:

Isolates
Concentrates
Others

By Application:

Food & Beverage
Pharmaceuticals
Cosmetics & Personal Care
Animal & Pet Food
Sports & Energy Supplements

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa

Product Code: PMRREP27655

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies

5. Global Market - Pricing Analysis

5.1. Regional Pricing Analysis By Nature
5.2. Pricing Break-up by Region

6. Global Market Demand (in Value or Size in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2033

6.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
6.2. Current and Future Market Value (US$ Mn) Projections, 2024-2033
- 6.2.1. Y-o-Y Growth Trend Analysis
- 6.2.2. Absolute $ Opportunity Analysis

7. Global Market Demand (Volume) Analysis 2019-2023 and Forecast, 2024-2033

7.1. Historical Market Volume (Tons) Analysis, 2019-2023
7.2. Current and Future Market Volume (Tons) Projections, 2024-2033
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis

8. Market Background

8.1. Macro-Economic Factors
- 8.1.1. Global GDP Growth Outlook
- 8.1.2. Global Industry Value Added
- 8.1.3. Global Urbanization Growth Outlook
- 8.1.4. Global Rank - Ease of Doing Business
- 8.1.5. Global Rank - Trading Across Borders
8.2. Global Food & Beverage Industry Outlook
8.3. Value Chain Analysis and Operating Margins
- 8.3.1. List of Key Manufacturers
- 8.3.2. List of Key Brand Owners
- 8.3.3. List of Ingredient Suppliers
- 8.3.4. Operating Margins
8.4. Key Certifications/Claims
8.5. Market Dynamics
- 8.5.1. Drivers
- 8.5.2. Restraints
- 8.5.3. Opportunity Analysis
8.6. Forecast Factors - Relevance & Impact

9. Global Market Analysis 2019-2023 and Forecast 2024-2033, By Nature

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Nature, 2019-2023
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Nature, 2024-2033
- 9.3.1. Organic
- 9.3.2. Conventional
9.4. Market Attractiveness Analysis By Nature

10. Global Market Analysis 2019-2023 and Forecast 2024-2033, By Source

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Source, 2019-2023
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Source, 2024-2033
- 10.3.1. Rice Barn
- 10.3.2. Rice Endosperm
10.4. Market Attractiveness Analysis By Source

11. Global Market Analysis 2019-2023 and Forecast 2024-2033, By Form

11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume Analysis By Form, 2019-2023
11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Form, 2024-2033
- 11.3.1. Isolates
- 11.3.2. Concentrates
- 11.3.3. Others
11.4. Market Attractiveness Analysis By Form

12. Global Market Analysis 2019-2023 and Forecast 2024-2033, By End Use

12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Mn) and Volume Analysis By End Use, 2019-2023
12.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End Use, 2024-2033
- 12.3.1. Convenience Food
- 12.3.2. Bakery & Confectionaries
- 12.3.3. Sports and Energy Supplements
- 12.3.4. Infant Food
- 12.3.5. Animal and Pet Food
- 12.3.6. Beverages
- 12.3.7. Others
12.4. Market Attractiveness Analysis By End Use

13. Global Market Analysis 2019-2023 and Forecast 2024-2033, by Region

13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2019-2023
13.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2024-2033
- 13.3.1. North America
- 13.3.2. Latin America
- 13.3.3. Europe
- 13.3.4. East Asia
- 13.3.5. South Asia & Pacific
- 13.3.6. Middle East and Africa
13.4. Market Attractiveness Analysis By Region

14. North America Market Analysis 2019-2023 and Forecast 2024-2033

14.1. Introduction
14.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
14.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 14.3.1. By Country
- 14.3.2. By Nature
- 14.3.3. By Source
- 14.3.4. By Form
- 14.3.5. By End Use
14.4. Market Attractiveness Analysis
- 14.4.1. By Country
- 14.4.2. By Nature
- 14.4.3. By Source
- 14.4.4. By Form
- 14.4.5. By End Use
14.5. Drivers and Restraints - Impact Analysis

15. Latin America Market Analysis 2019-2023 and Forecast 2024-2033

15.1. Introduction
15.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
15.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 15.3.1. By Country
- 15.3.2. By Nature
- 15.3.3. By Source
- 15.3.4. By Form
- 15.3.5. By End Use
15.4. Market Attractiveness Analysis
- 15.4.1. By Country
- 15.4.2. By Nature
- 15.4.3. By Source
- 15.4.4. By Form
- 15.4.5. By End Use
15.5. Drivers and Restraints - Impact Analysis

16. Europe Market Analysis 2019-2023 and Forecast 2024-2033

16.1. Introduction
16.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
16.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 16.3.1. By Country
  - 16.3.1.1. Germany
  - 16.3.1.2. Italy
  - 16.3.1.3. France
  - 16.3.1.4. U.K.
  - 16.3.1.5. Spain
  - 16.3.1.6. BENELUX
  - 16.3.1.7. Russia
  - 16.3.1.8. Rest of Europe
- 16.3.2. By Nature
- 16.3.3. By Source
- 16.3.4. By Form
- 16.3.5. By End Use
16.4. Market Attractiveness Analysis
- 16.4.1. By Country
- 16.4.2. By Nature
- 16.4.3. By Source
- 16.4.4. By Form
- 16.4.5. By End Use
16.5. Drivers and Restraints - Impact Analysis

17. South Asia & Pacific Market Analysis 2019-2023 and Forecast 2024-2033

17.1. Introduction
17.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
17.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 17.3.1. By Country
  - 17.3.1.1. India
  - 17.3.1.2. ASEAN
  - 17.3.1.3. Oceania (Australia & New Zealand)
  - 17.3.1.4. Rest of South Asia & Pacific
- 17.3.2. By Nature
- 17.3.3. By Source
- 17.3.4. By Form
- 17.3.5. By End Use
17.4. Market Attractiveness Analysis
- 17.4.1. By Country
- 17.4.2. By Nature
- 17.4.3. By Source
- 17.4.4. By Form
- 17.4.5. By End Use
17.5. Drivers and Restraints - Impact Analysis

18. East Asia Market Analysis 2019-2023 and Forecast 2024-2033

18.1. Introduction
18.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
18.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 18.3.1. By Country
  - 18.3.1.1. China
  - 18.3.1.2. India
  - 18.3.1.3. Japan
  - 18.3.1.4. Rest of East Asia
- 18.3.2. By Nature
- 18.3.3. By Source
- 18.3.4. By Form
- 18.3.5. By End Use
18.4. Market Attractiveness Analysis
- 18.4.1. By Country
- 18.4.2. By Nature
- 18.4.3. By Source
- 18.4.4. By Form
- 18.4.5. By End Use
18.5. Drivers and Restraints - Impact Analysis

19. Middle East and Africa Market Analysis 2019-2023 and Forecast 2024-2033

19.1. Introduction
19.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
19.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 19.3.1. By Country
  - 19.3.1.1. GCC Countries
  - 19.3.1.2. South Africa
  - 19.3.1.3. Rest of Middle East and Africa
- 19.3.2. By Nature
- 19.3.3. By Source
- 19.3.4. By Form
- 19.3.5. By End Use
19.4. Market Attractiveness Analysis
- 19.4.1. By Nature
- 19.4.2. By Source
- 19.4.3. By Form
- 19.4.4. By End Use
19.5. Drivers and Restraints - Impact Analysis

20. Country Wise Market Analysis, 2024

20.1. Introduction
- 20.1.1. Market Value Proportion Analysis, By Key Countries
- 20.1.2. Global Vs. Country Growth Comparison
20.2. U.S. Market Analysis
- 20.2.1. By Nature
- 20.2.2. By Source
- 20.2.3. By Form
- 20.2.4. By End Use
20.3. Canada Market Analysis
- 20.3.1. By Nature
- 20.3.2. By Source
- 20.3.3. By Form
- 20.3.4. By End Use
20.4. Brazil Market Analysis
- 20.4.1. By Nature
- 20.4.2. By Source
- 20.4.3. By Form
- 20.4.4. By End Use
20.5. U.K. Market Analysis
- 20.5.1. By Nature
- 20.5.2. By Source
- 20.5.3. By Form
- 20.5.4. By End Use
20.6. France Market Analysis
- 20.6.1. By Nature
- 20.6.2. By Source
- 20.6.3. By Form
- 20.6.4. By End Use
20.7. Germany Market Analysis
- 20.7.1. By Nature
- 20.7.2. By Source
- 20.7.3. By Form
- 20.7.4. By End Use
20.8. Italy Market Analysis
- 20.8.1. By Nature
- 20.8.2. By Source
- 20.8.3. By Form
- 20.8.4. By End Use
20.9. Spain Market Analysis
- 20.9.1. By Nature
- 20.9.2. By Source
- 20.9.3. By Form
- 20.9.4. By End Use
20.10. BENELUX Market Analysis
- 20.10.1. By Nature
- 20.10.2. By Source
- 20.10.3. By Form
- 20.10.4. By End Use
20.11. China Market Analysis
- 20.11.1. By Nature
- 20.11.2. By Source
- 20.11.3. By Form
- 20.11.4. By End Use
20.12. India Market Analysis
- 20.12.1. By Nature
- 20.12.2. By Source
- 20.12.3. By Form
- 20.12.4. By End Use
20.13. Australia Market Analysis
- 20.13.1. By Nature
- 20.13.2. By Source
- 20.13.3. By Form
- 20.13.4. By End Use
20.14. New Zealand Market Analysis
- 20.14.1. By Nature
- 20.14.2. By Source
- 20.14.3. By Form
- 20.14.4. By End Use

21. Market Structure Analysis

21.1. Market Analysis by Tier of Companies
21.2. Market Concentration
21.3. Market Presence Analysis

22. Competition Analysis

22.1. Competition Dashboard
22.2. Competition Benchmarking
22.3. Competition Deep Dive
- 22.3.1. Axiom Foods, Inc.
  - 22.3.1.1. Overview
  - 22.3.1.2. Product Portfolio
  - 22.3.1.3. Sales Footprint
  - 22.3.1.4. Strategy Overview
  - 22.3.1.5. Key Developments
- 22.3.2. NOW Health Group Inc
  - 22.3.2.1. Overview
  - 22.3.2.2. Product Portfolio
  - 22.3.2.3. Sales Footprint
  - 22.3.2.4. Strategy Overview
  - 22.3.2.5. Key Developments
- 22.3.3. Kerry Group PLC
  - 22.3.3.1. Overview
  - 22.3.3.2. Product Portfolio
  - 22.3.3.3. Sales Footprint
  - 22.3.3.4. Strategy Overview
  - 22.3.3.5. Key Developments
- 22.3.4. RiceBran Technologies
  - 22.3.4.1. Overview
  - 22.3.4.2. Product Portfolio
  - 22.3.4.3. Sales Footprint
  - 22.3.4.4. Strategy Overview
  - 22.3.4.5. Key Developments
- 22.3.5. AIDP Inc
  - 22.3.5.1. Overview
  - 22.3.5.2. Product Portfolio
  - 22.3.5.3. Sales Footprint
  - 22.3.5.4. Strategy Overview
  - 22.3.5.5. Key Developments
- 22.3.6. Sports Supplements Ltd
  - 22.3.6.1. Overview
  - 22.3.6.2. Product Portfolio
  - 22.3.6.3. Sales Footprint
  - 22.3.6.4. Strategy Overview
  - 22.3.6.5. Key Developments
- 22.3.7. The Green Labs LLC
  - 22.3.7.1. Overview
  - 22.3.7.2. Product Portfolio
  - 22.3.7.3. Sales Footprint
  - 22.3.7.4. Strategy Overview
  - 22.3.7.5. Key Developments
- 22.3.8. Habib-ADM Ltd.
  - 22.3.8.1. Overview
  - 22.3.8.2. Product Portfolio
  - 22.3.8.3. Sales Footprint
  - 22.3.8.4. Strategy Overview
  - 22.3.8.5. Key Developments
- 22.3.9. Sudzucker AG
  - 22.3.9.1. Overview
  - 22.3.9.2. Product Portfolio
  - 22.3.9.3. Sales Footprint
  - 22.3.9.4. Strategy Overview
  - 22.3.9.5. Key Developments
- 22.3.10. Nestle SA
  - 22.3.10.1. Overview
  - 22.3.10.2. Product Portfolio
  - 22.3.10.3. Sales Footprint
  - 22.3.10.4. Strategy Overview
  - 22.3.10.5. Key Developments