Global Rice Protein Market to Reach US$ 1,020.9 Million by 2032, Driven by Expanding Application in Numerous End Use Industries

November 22, 2022 | Food & Beverages

IMARC Group’s latest report, titled “Rice Protein Market Report by Product (Rice Protein Isolates, Rice Protein Concentrates, and Others), Application (Food and Beverages, Pharmaceutical, Cosmetics, Animal Feed), and Region 2024-2032,” finds that the global rice protein market size reached US$ 792.6 Million in 2023. Rice protein is a vegan and gluten-free protein isolate made from white and brown rice. It is rich in carbohydrates, amino and ferulic acids, vitamins, and other essential nutrients. It aids in regulating cholesterol levels, improving the functioning of the liver and heart, and strengthening bones and muscles. It also enhances water solubility, improves texture, promotes dry flow, and masks flavors in food products. It enhances skin cell hydration due to the presence of glutamine and alanine. At present, there is an increase in the consumption of rice protein by fitness enthusiasts across the globe to meet the nutritional requirements of the body.

Global Rice Protein Market Trends:

Rice protein is used as a stabilizer, thickener, and texture enhancer in the preparation of bakery goods and beverages, such as cookies, bars, bread, cheesecake, smoothies, brownies, biscuits, rolls, and shakes, which are served across commercial food outlets. This, along with the burgeoning food and beverage (F&B) industry, represents one of the major factors strengthening the market growth around the world. Moreover, rice protein is utilized in the manufacturing of baby food and infant formula to improve digestion. This, coupled with the growing awareness among individuals about the health benefits of rice protein products, is influencing the market positively. Apart from this, rice protein finds application in the manufacturing of personal care and cosmetic products, including shampoo, conditioners, oil, hair wax, serums, cleansers, moisturizers, lotions, creams, and face wash. This, in confluence with the increasing sales of personal care and cosmetic products, is creating a positive outlook for the market. Furthermore, the expanding number of individuals suffering from bloating, gas, cramping, and digestive discomfort from dairy products is catalyzing the demand for rice protein-based products worldwide. Looking forward, IMARC Group expects the market value to reach US$ 1,020.9 Million by 2032, expanding at a CAGR of 2.74% during 2024-2032.

Market Summary:

  • Based on the product, the market has been classified into rice protein isolates, concentrates, and others. Rice protein isolates currently hold the largest market share as they help improve the immune system, control sugar levels, and prevent bone loss.
  • On the basis of the application, the market has been segmented into food and beverages, pharmaceutical, cosmetics, and animal feed. At present, food and beverages account for the majority of the total market share.
  • Region-wise, the market has been divided into North America (United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. Amongst these, North America dominates the market.
  • The competitive landscape of the market has also been analyzed, with some of the key players being AIDP Inc., Axiom Foods Inc., Bioway (Xi'an) Organic Ingredients Co. Ltd., Golden Grain Group Limited, North Coast Naturals, NutriBiotic (GlobalRidge LLC), RiceBran Technologies, Rollins International Pvt. Ltd. (RHA Holdings Private Ltd.), Shafi Gluco Chem Pvt. Ltd., The Green Labs LLC, and Top Health Ingredients Inc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Product, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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 and Top Health Ingredients Inc.
Customization Scope 10% Free Customization
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Global Rice Protein Market to Reach US$ 1,020.9 Million by 2032, Driven by Expanding Application in Numerous End Use Industries
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