Global Rice Protein Market: Synopsis
Rice protein is derived from brown and white rice both, by separating carbohydrates from proteins. It acts as a substitute to soy protein and whey. The global rice protein market is foretold to witness avenues in the market due to an array of benefits that it offers. Increasing trend of diet conscious population is expected to be factor opening up opportunities in the global rice protein market.
An upcoming report by Transparency Market Research identifies the factors driving and restraining the global rice protein market. It gives a thorough analysis of growth, size, share, trend, competitive strategies and regional outlook of the global rice protein market during the forecast period.
Global Rice Protein Market: Drivers & Restraints
Increased demand from nutritional, cosmetic, and sports industry are expected to drive the global rice protein market. Rising awareness about diet and nutrition, increasing purchasing capacity increases the demand rice protein. Thus, pushing the global rice protein market towards wide expansion.
Vegan population look forward to alternates sources of protein, they create an increased demand for rice protein, driving the global rice protein to grow substantially. A lot of demand coming in from food and beverages sector is expected to propel the expansion of the global rice protein market. Its capacity to separate carbohydrates and proteins makes it more healthier form of protein. Therefore, the high protein presence boosts market for rice protein. Also, it is rich in antioxidants and amino acids which further plays a growth factor in the global rice protein market.
Additionally, rising demand for organic rice proteins due to its higher protein content makes it trending factor that acts as a catalyst in expansion of the global fructose market. Organic rice protein can cater lactose intolerant population. Also, it is gluten free that is expected to provide growth opportunities to the global rice protein market.
Low awareness amongst the consumers is projected to be a factor that may hinder growth in the global rice protein market. Irrespective of the restraint, the demand for clean labeled, non-hypoallergenic, gluten free, and non GMO alternatives is anticipated to accelerate growth in the global rice protein market.
Global Rice Protein Market: Geographical Overview
The global rice protein market is spread across North America, Latin America, Asia Pacific, Europe, and Middle East and Africa. Europe is projected to dominate the global rice protein market during the forecast period. The growth in this region is attributed to increasing demand for healthy diet options, lactose free, and gluten free sources of protein. Alternatively, Asia Pacific, more specifically China, Japan and India are also expected to hold a large share in the global rice protein market owing to rising demand for protein concentrated food and rising lifestyle changes are expected to be the cause for expansion in this region.
Global Rice Protein Market: Competitive Forces
The global rice protein market is concentrated and highly competitive with prominent four players in the global market. These prominent players are expected to adopt strategies such as partnerships and agreements with distributors and suppliers due to their low spending capacity and limited revenue. Some of these major players in the global rice protein market are Axiom Foods Inc., AIDP Inc., Nutrition Resources, and Rice Bran Technologies.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.