The global Rice Protein Market is estimated to grow to USD 198.5 Million by 2024 from USD 192.8 Million in 2017, growing at a CAGR 7.3% from 2018 to 2024
The global Rice Protein Market is estimated to grow to USD 198.5 Million by 2024 from USD 192.8 Million in 2017, growing at a CAGR 7.3% from 2018 to 2024.Growing global food & beverage industry has been one of the major driver for the expansion of rice protein market. Rice protein is used as an ingredient in energy drinks, sports drink, baked foods, pastas and energy bars because it will increases the protein & nutritional content of the products and enhances the taste, flavor and texture of food.
Brown & white rice are the leading raw materials, which are converted to high protein flavor through alpha-amylase enzyme. Hence, rice protein has the highest business market for the next five years.
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Sports & energy nutrition module is forecasted to dominate the global Rice Protein market
Rice protein is a nutrient-packed and cost-effective protein when compared to pea, soy, and whey protein. These proteins do not contain artificial sweeteners and their chemical compound is minimum in contrast to main proteins So that the demand for global rice protein market is particularly high.
As a result, manufacturers of sports & energy drinks are mainly concentrated on proteins in their products.
By type, Isolates are expected to lead the highest growth in the rice protein
By type, rice protein is segregated as concentrates and isolates. The rice protein concentrates section is estimated to grow at a comparatively higher CAGR as it can substitute a significant percentage of other proteins in several food products without affecting the taste, color, texture of the product and cost savings as well.
The rice protein isolates section accounted for the largest share in terms of value and volume.
Europe is expected to command the global rice protein market
In the entire world, the rice protein market is undergoing positive growth, particularly within the Europe region, that is projected to grow at the best CAGR throughout the forecast period. Protein product manufacturers are mainly concentrating on European countries as the European consumers are emphasizing more on healthier lifestyle.
Gluten is found to cause allergies; this creates huge opportunity for the manufacturers to develop rice protein products.
It includes the profiles of leading companies such as Shaanxi Fuheng (FH) Biotechnology Co. Ltd. (China), RiceBran Technologies (U.S.), and Golden Grain Group Limited (China), AIDP, Inc. (U.S.), and Axiom Foods Inc. (U.S.).
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