The organic rice protein market is projected to grow at a CAGR of 18.3% from 2016 to reach a projected value of USD 96.5 Million by 2021. The growth of this market is driven by an increase in demand of protein functionalities in the food & beverages sector.
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The report "Organic Rice Protein Market by Type (Isolates, Concentrates, Others), Application (Bakery & Confectionery, Meat analogues & Extenders, Sports & Energy Nutrition, Dairy Alternatives, Beverages, Others), Form, & by Region - Global Trends & Forecasts to 2021", The organic rice protein market is estimated at USD 41.7 Million in 2016 and is projected to reach USD 96.5 Million by 2021, at a CAGR of 18.3%.
Browse 58 market data Tables and 45 Figures spread through 129 Pages and in-depth TOC on "Organic Rice Protein Market by Type (Isolates, Concentrates, Others), Application (Bakery & Confectionery, Meat analogues & Extenders, Sports & Energy Nutrition, Dairy Alternatives, Beverages, Others), Form, & by Region - Global Trends & Forecasts to 2021"
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Organic rice protein is widely accepted in food applications due to its functional properties and high nutritional value. The functional properties of organic rice protein such as emulsification, foaming, viscosity & gelation, and solubility helps in maintaining the quality of the products.
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As a result, many multinational players may enter into the providing organic rice protein solutions.
Sports & energy nutrition segment with respect to application, is projected to dominate the organic rice protein market
Organic rice protein is a nutrient-packed and cost-effective protein alternative to whey, soy, pea protein, and other foods that cause food allergies or sensitivities. Hence, the demand from consumers is increasing.
As a result, sports & energy drinks manufacturers are focusing on the usage of organic rice proteins in their products. Organic rice protein usage is growing in infant formula applications due to shift of consumer trends toward organic food products for infants to avoid allergies.
Isolates: The most widely consumed type of organic rice protein
The rice protein isolates segment accounted for the largest share in the organic rice protein market in terms of value and volume in 2015. The rice protein concentrates segment is projected to grow at comparatively higher CAGR as it can replace a significant percentage of other proteins in many food products without impacting the color, taste, or texture of the product and in many cases can offer cost savings as well.
Europe: Lucrative market for opportunities for organic rice protein
The organic rice protein market is experiencing positive growth around the globe, especially in the European region, which is projected to grow at the highest CAGR during the forecast period. European consumers are emphasizing more on healthier lifestyles; hence, protein product manufacturers need to focus on reducing instances of allergies and safety issues in their food products.
Industry players in this region therefore need to focus on product safety and ensure product quality. Gluten is found to cause allergies and it has been estimated that up to 90% of protein in wheat is gluten.
30% of northern European consumers carry genes for gluten intolerance. This creates huge opportunity for other sources of proteins which are free from gluten such as organic rice protein.
Increasing application of proteins in nutraceuticals, food & beverages, and health supplements is expected to fuel market growth in the next few years in this region.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Axiom Foods, Inc.
(U.S.), AIDP, Inc. (U.S.), RiceBran Technologies (U.S.), Shaanxi Fuheng (FH) Biotechnology Co. Ltd. (China), and Golden Grain Group Limited (China).
The report covers organic rice protein in the basis of their types, their application in the food industry, technology, and functional properties. In terms of insights, this research report has focused on various levels of analyses industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the global organic rice protein market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
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