Rice Protein Market Synopsis

Rice Protein Market Size Was Valued at USD 798.2 Million in 2023, and is Projected to Reach USD 1,146.0 Million by 2032, Growing at a CAGR of 4.1% From 2024-2032.

Rice protein is a protein that is extracted from whole-grain brown rice using stages that include sifting, hydrolysis, separation, washing, drying, sieving, and milling. It has several functional advantages, for example, shellac has enhanced water solubility, it improves texture and aids dry flow, and it can also act as a sort of off-flavor concealer in food items. It is therefore employed as a formulation agent and texturizer, thickener and stabilizer in baked confectionery products, soup mixes, beverage preparations, breakfast cereal products, dairy product substitutes, fats and oils, plant protein products that include grain and pasta products, and processed fruits and vegetables and juices. In the present time, there has been a growing tendency to incorporate rice protein in various products all over the world due to its nutritional benefits and zero allergens.

• The rice protein market refers to the worldwide business of processing, selling, and consuming protein obtained from rice grain. It has been widely incorporated in numerous industries for uses such as food manufacturing, sports supplements, baked products, meat substitutes, and baby formulas. Market has grown overtime shift in consumer habits demanding Plant-based protein because of the health records showing benefits of taking plant-based products, veganism, and vegetarianism. In light of this, it is significant to note that rice protein is not only allergenic but is also gluten-free and easy to digest, which would be of major benefit to those with restricted diets.
• The market analysis of rice protein Is expanding due to certain factors as discussed below. This is due to the enhanced awareness for environmentally-friendly products and the general trend of changing consumer diets towards a focus on protein-rich plant products. This has led to the availability of rice protein in the market due to the larger population of vegan and vegetarian people. It also reflects the demand for hypoallergenic and easily digestible proteins, development of the sports nutritionsegments, and increased focus on gluten-free and allergen-free products. This seems to work in favor of rice protein, which has received little to no processing and can possibly be organically produced.
• Also, progress in extraction methods and rice protein functionality has made it even more appealing to food and beverages companies due to new applications enabled by its improved quality.

Rice Protein Market Trend Analysis

Increased interest in a plant-based diet

• One of the key influential trends contributing to the rise of rice protein demand globally is the increased interest in a plant-based diet to avoid animal products due to allergens, concentrating toxins, excessive calories, and extra processing. It can also be consumed with cereals and yogurt, can be mixed with cooked foods so as to increase its protein content, and can also be used in the production of infant food formula. Because of its solubility and palatability, rice protein is highly bioavailable, thus preferable in gluten-free food products in place of soy.

Global Rise in the uptake of gluten-free products

• The rising uptake of gluten-free products due to the rise in people experiencing bloating, gas, cramping and digestive discomforts due to dairy products is also propelling the market forward. Other than the above, it supports weight loss, burning of fats, faster muscle recovery, and helps in lowering cholesterol levels in plasma and liver. Therefore, rice protein powder is being introduced in sports nutritional supplements to enhance muscularity to strength. This is expected to contribute to the growth of the market and the growing number of athletes also has the same implication.

Rice Protein Market Segment Analysis:

Rice Protein Market is segmented based on Product, and Application.

By Product, rice protein isolates segment is expected to dominate the market during the forecast period

• This rice protein market is divided by product into rice protein isolates, rice protein concentrates, and others. Thus, the rice protein is expected to have a good market demand in the course of the next year because this is considered as a plant-based protein and healthier than animal protein, especially for consumers with gluten intolerance or those who are lactose intolerant. Out of all these segments, rice protein isolates are expected to lead the global market since they show high protein caloric value and better bioavailability for nutritional supplement uses in functional foods and sports nutrition products. For an industry experiencing continuous growth in demand for clean-label, allergen-free, and sustainable protein, the global market for rice protein isolate is anticipated to grow notably.

By Application, food and beverages segment held the largest share in 2023

• Global market for rice protein is divided by application areas such as food and beverages, pharmaceuticals, cosmetics, and animal feed and experts posit that demand for rice protein in the year to come will rise. This growth can be attributed to the increasing demand of the consumer in consuming plant based proteins in different sectors. The food and beverages segment is expected to remain the largest segment of the industry, given rising consumer consciousness relating to health and the environment, which has led to increasing use of rice protein in snack products, protein bars and dairy substitutes. Also, the clean-label business and the heightened understanding of rice protein’s nutritional value are promoting its usage in this segment. Subsequently, it is anticipated that the food and beverages application will dominate the market as it has numerous consumers and the product finds usage in their variety of application.

Rice Protein Market Regional Insights:

Asia-Pacific is Expected to Dominate the Market Over the Forecast period

• Rice being a staple diet in almost all the Asian countries the Asia-Pacific region hosts the largest portion of the global production of rice. Some of the world’s leading producers of rice are China, India, Bangladesh, and Indonesia. Other important rice growing countries in the Asian region include Indonesia, Bangladesh, Vietnam, Thailand, Myanmar, Philippines and Japan. China’s production in 2021 was estimated to be approximately 212 million metric tons. About 84 million metric tons of rice. While rice is grown in many parts of the world, the physical characteristics for growing rice are somewhat restricted.
• About 60% of the 130 million hectare lands used for rice production per annum are irrigated in Asia where rice is mostly cultivated in monoculture with 2 to 3 rice crops per year depending on availability of water supply. The top 10 rice producing countries include China, India, Indonesia, Bangladesh, Vietnam, Thailand, Myanmar, the Philippines, Pakistan, and Brazil. Rice production remains imbalanced with 10 countries accounting for 84% of total production, thus many countries have to import the grain to feed their populations. With the population of the world on the increase day by day, rice will remain a significant staple food as far as human consumption is concerned.

Active Key Players in the Rice Protein Market

• AIDP Inc.
• Axiom Foods Inc.
• Bioway (Xi'an) Organic Ingredients Co. Ltd.
• Golden Grain Group Limited
• North Coast Naturals
• Nutribiotic, RiceBran Technologies
• Rollins International Pvt. Ltd.
• (RHA Holdings Private Ltd.)
• Shafi Gluco Chem Pvt. Ltd.
• The Green Labs LLC
• Top Health Ingredients Inc
• Other Major Players.

Key Industry Developments in the Rice Protein Market:

• In January 2023, Roquette, a global leader in plant-based ingredients, invested in DAIZ Inc., a Japanese food tech startup. This partnership leverages DAIZ's germination and extrusion technology, enhancing plant-based food texture, flavor, and nutrition. Roquette aims to meet the growing global demand for innovative, sustainable plant-based ingredients with superior taste and quality.
• In September 2023, Anhui Shunxin Shengyuan Biological Food Co. and ZXCHEM USA announced HydroRice™ PA80 and HydroPR™ 80. Available now in the US and Canada, these innovative protein powders, made without enzymes or hydrolyzation, utilize high-pressure homogenization and spray drying, revolutionizing plant-based dairy alternatives.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. RICE PROTEIN MARKET BY PRODUCT (2017-2032)
   1. RICE PROTEIN MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. RICE PROTEIN ISOLATES
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. RICE PROTEIN CONCENTRATES
   5. OTHERS
7. RICE PROTEIN MARKET BY APPLICATION (2017-2032)
   1. RICE PROTEIN MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. FOOD AND BEVERAGES
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. PHARMACEUTICAL
   5. COSMETICS
   6. ANIMAL FEED
8. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. RICE PROTEIN Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. AIDP INC.
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. AXIOM FOODS INC.
   4. BIOWAY (XI'AN) ORGANIC INGREDIENTS CO. LTD.
   5. GOLDEN GRAIN GROUP LIMITED
   6. NORTH COAST NATURALS
   7. NUTRIBIOTIC, RICEBRAN TECHNOLOGIES
   8. ROLLINS INTERNATIONAL PVT. LTD.
   9. (RHA HOLDINGS PRIVATE LTD.)
   10. SHAFI GLUCO CHEM PVT. LTD.
   11. THE GREEN LABS LLC
   12. TOP HEALTH INGREDIENTS INC
9. GLOBAL RICE PROTEIN MARKET BY REGION
   1. OVERVIEW
   2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Product
      4. Historic And Forecasted Market Size By Application
      5. Historic And Forecasted Market Size By Country
         1. USA
         2. Canada
         3. Mexico
   3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Russia
         2. Bulgaria
         3. The Czech Republic
         4. Hungary
         5. Poland
         6. Romania
         7. Rest Of Eastern Europe
   4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Germany
         2. United Kingdom
         3. France
         4. The Netherlands
         5. Italy
         6. Spain
         7. Rest Of Western Europe
   5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Malaysia
         6. Thailand
         7. Vietnam
         8. The Philippines
         9. Australia
         10. New-Zealand
         11. Rest Of APAC
   6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Turkey
         2. Bahrain
         3. Kuwait
         4. Saudi Arabia
         5. Qatar
         6. UAE
         7. Israel
         8. South Africa
   7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Brazil
         2. Argentina
         3. Rest of South America
10. INVESTMENT ANALYSIS
11. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. RICE PROTEIN MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. RICE PROTEIN MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. RICE PROTEIN MARKET COMPETITIVE RIVALRY
TABLE 005. RICE PROTEIN MARKET THREAT OF NEW ENTRANTS
TABLE 006. RICE PROTEIN MARKET THREAT OF SUBSTITUTES
TABLE 007. RICE PROTEIN MARKET BY TYPE
TABLE 008. RICE PROTEIN ISOLATES MARKET OVERVIEW (2016-2028)
TABLE 009. RICE PROTEIN CONCENTRATES MARKET OVERVIEW (2016-2028)
TABLE 010. AND OTHERS MARKET OVERVIEW (2016-2028)
TABLE 011. RICE PROTEIN MARKET BY FORM
TABLE 012. ORGANIC MARKET OVERVIEW (2016-2028)
TABLE 013. INORGANIC MARKET OVERVIEW (2016-2028)
TABLE 014. RICE PROTEIN MARKET BY APPLICATION
TABLE 015. FOOD AND BEVERAGES MARKET OVERVIEW (2016-2028)
TABLE 016. ANIMAL FEED MARKET OVERVIEW (2016-2028)
TABLE 017. PHARMACEUTICALS MARKET OVERVIEW (2016-2028)
TABLE 018. COSMETICS AND PERSONAL CARE MARKET OVERVIEW (2016-2028)
TABLE 019. AND OTHERS MARKET OVERVIEW (2016-2028)
TABLE 020. NORTH AMERICA RICE PROTEIN MARKET, BY TYPE (2016-2028)
TABLE 021. NORTH AMERICA RICE PROTEIN MARKET, BY FORM (2016-2028)
TABLE 022. NORTH AMERICA RICE PROTEIN MARKET, BY APPLICATION (2016-2028)
TABLE 023. N RICE PROTEIN MARKET, BY COUNTRY (2016-2028)
TABLE 024. EUROPE RICE PROTEIN MARKET, BY TYPE (2016-2028)
TABLE 025. EUROPE RICE PROTEIN MARKET, BY FORM (2016-2028)
TABLE 026. EUROPE RICE PROTEIN MARKET, BY APPLICATION (2016-2028)
TABLE 027. RICE PROTEIN MARKET, BY COUNTRY (2016-2028)
TABLE 028. ASIA PACIFIC RICE PROTEIN MARKET, BY TYPE (2016-2028)
TABLE 029. ASIA PACIFIC RICE PROTEIN MARKET, BY FORM (2016-2028)
TABLE 030. ASIA PACIFIC RICE PROTEIN MARKET, BY APPLICATION (2016-2028)
TABLE 031. RICE PROTEIN MARKET, BY COUNTRY (2016-2028)
TABLE 032. MIDDLE EAST & AFRICA RICE PROTEIN MARKET, BY TYPE (2016-2028)
TABLE 033. MIDDLE EAST & AFRICA RICE PROTEIN MARKET, BY FORM (2016-2028)
TABLE 034. MIDDLE EAST & AFRICA RICE PROTEIN MARKET, BY APPLICATION (2016-2028)
TABLE 035. RICE PROTEIN MARKET, BY COUNTRY (2016-2028)
TABLE 036. SOUTH AMERICA RICE PROTEIN MARKET, BY TYPE (2016-2028)
TABLE 037. SOUTH AMERICA RICE PROTEIN MARKET, BY FORM (2016-2028)
TABLE 038. SOUTH AMERICA RICE PROTEIN MARKET, BY APPLICATION (2016-2028)
TABLE 039. RICE PROTEIN MARKET, BY COUNTRY (2016-2028)
TABLE 040. AXIOM FOOD INC.: SNAPSHOT
TABLE 041. AXIOM FOOD INC.: BUSINESS PERFORMANCE
TABLE 042. AXIOM FOOD INC.: PRODUCT PORTFOLIO
TABLE 043. AXIOM FOOD INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. AIDP INC.: SNAPSHOT
TABLE 044. AIDP INC.: BUSINESS PERFORMANCE
TABLE 045. AIDP INC.: PRODUCT PORTFOLIO
TABLE 046. AIDP INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. RICEBRAN TECHNOLOGY: SNAPSHOT
TABLE 047. RICEBRAN TECHNOLOGY: BUSINESS PERFORMANCE
TABLE 048. RICEBRAN TECHNOLOGY: PRODUCT PORTFOLIO
TABLE 049. RICEBRAN TECHNOLOGY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. GOLDEN GRAIN GROUP LTD.: SNAPSHOT
TABLE 050. GOLDEN GRAIN GROUP LTD.: BUSINESS PERFORMANCE
TABLE 051. GOLDEN GRAIN GROUP LTD.: PRODUCT PORTFOLIO
TABLE 052. GOLDEN GRAIN GROUP LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. SHAFI GLUCO CHEM PVT LTD.: SNAPSHOT
TABLE 053. SHAFI GLUCO CHEM PVT LTD.: BUSINESS PERFORMANCE
TABLE 054. SHAFI GLUCO CHEM PVT LTD.: PRODUCT PORTFOLIO
TABLE 055. SHAFI GLUCO CHEM PVT LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. SHAANXI FUHENG BIOTECHNOLOGY PVT LTD.: SNAPSHOT
TABLE 056. SHAANXI FUHENG BIOTECHNOLOGY PVT LTD.: BUSINESS PERFORMANCE
TABLE 057. SHAANXI FUHENG BIOTECHNOLOGY PVT LTD.: PRODUCT PORTFOLIO
TABLE 058. SHAANXI FUHENG BIOTECHNOLOGY PVT LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. BIOWAY INGREDIENTS LTD.: SNAPSHOT
TABLE 059. BIOWAY INGREDIENTS LTD.: BUSINESS PERFORMANCE
TABLE 060. BIOWAY INGREDIENTS LTD.: PRODUCT PORTFOLIO
TABLE 061. BIOWAY INGREDIENTS LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. NUTRITIONAL RESOURCE INC.: SNAPSHOT
TABLE 062. NUTRITIONAL RESOURCE INC.: BUSINESS PERFORMANCE
TABLE 063. NUTRITIONAL RESOURCE INC.: PRODUCT PORTFOLIO
TABLE 064. NUTRITIONAL RESOURCE INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. THE GREEN LABS.: SNAPSHOT
TABLE 065. THE GREEN LABS.: BUSINESS PERFORMANCE
TABLE 066. THE GREEN LABS.: PRODUCT PORTFOLIO
TABLE 067. THE GREEN LABS.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. NUTRIBIOTIC Z COMPANY: SNAPSHOT
TABLE 068. NUTRIBIOTIC Z COMPANY: BUSINESS PERFORMANCE
TABLE 069. NUTRIBIOTIC Z COMPANY: PRODUCT PORTFOLIO
TABLE 070. NUTRIBIOTIC Z COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. PURE FOOD: SNAPSHOT
TABLE 071. PURE FOOD: BUSINESS PERFORMANCE
TABLE 072. PURE FOOD: PRODUCT PORTFOLIO
TABLE 073. PURE FOOD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. BENEO: SNAPSHOT
TABLE 074. BENEO: BUSINESS PERFORMANCE
TABLE 075. BENEO: PRODUCT PORTFOLIO
TABLE 076. BENEO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 076. TOP HEALTH INGREDIENTS: SNAPSHOT
TABLE 077. TOP HEALTH INGREDIENTS: BUSINESS PERFORMANCE
TABLE 078. TOP HEALTH INGREDIENTS: PRODUCT PORTFOLIO
TABLE 079. TOP HEALTH INGREDIENTS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 079. JIANGXI GOLDEN AGRICULTURE BIOTECH: SNAPSHOT
TABLE 080. JIANGXI GOLDEN AGRICULTURE BIOTECH: BUSINESS PERFORMANCE
TABLE 081. JIANGXI GOLDEN AGRICULTURE BIOTECH: PRODUCT PORTFOLIO
TABLE 082. JIANGXI GOLDEN AGRICULTURE BIOTECH: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. RICE PROTEIN MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. RICE PROTEIN MARKET OVERVIEW BY TYPE
FIGURE 012. RICE PROTEIN ISOLATES MARKET OVERVIEW (2016-2028)
FIGURE 013. RICE PROTEIN CONCENTRATES MARKET OVERVIEW (2016-2028)
FIGURE 014. AND OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 015. RICE PROTEIN MARKET OVERVIEW BY FORM
FIGURE 016. ORGANIC MARKET OVERVIEW (2016-2028)
FIGURE 017. INORGANIC MARKET OVERVIEW (2016-2028)
FIGURE 018. RICE PROTEIN MARKET OVERVIEW BY APPLICATION
FIGURE 019. FOOD AND BEVERAGES MARKET OVERVIEW (2016-2028)
FIGURE 020. ANIMAL FEED MARKET OVERVIEW (2016-2028)
FIGURE 021. PHARMACEUTICALS MARKET OVERVIEW (2016-2028)
FIGURE 022. COSMETICS AND PERSONAL CARE MARKET OVERVIEW (2016-2028)
FIGURE 023. AND OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 024. NORTH AMERICA RICE PROTEIN MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. EUROPE RICE PROTEIN MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 026. ASIA PACIFIC RICE PROTEIN MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 027. MIDDLE EAST & AFRICA RICE PROTEIN MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 028. SOUTH AMERICA RICE PROTEIN MARKET OVERVIEW BY COUNTRY (2016-2028)