According to the research of Future Market Insights, the market for Organic Rice Protein is anticipated to expand at a CAGR of 4.1% over the forecasted time period. According to projections, the industry would be worth USD 155.6 Million by 2032, up from USD 104.1 Million in 2022. At the end of 2021, the Organic Rice Protein Market was valued at USD 98.7 Million.
Attribute | Details |
---|---|
Market Size Value in 2022 | USD 104.1 Million |
Market Forecast Value in 2032 | USD 155.6 Million |
Global Growth Rate (2022 to 2032) | 4.1% |
Forecast Period | 2022 to 2032 |
Global Market Share of USA, Germany, Japan, and Australia | 71.2% |
Organic rice protein is a healthy and nutritious alternative to other protein sources. It is low in fat and calories and is a good source of fiber. Organic Rice Protein is also rich in vitamins and minerals, including iron, potassium, and magnesium. Organic rice protein is a complete protein, which means it contains all of the essential amino acids your body needs.
The growing popularity of plant-based proteins, as well as the health benefits associated with organic rice protein, are the major drivers of the organic rice protein market. Additionally, the rising demand for natural and healthy food ingredients is also fuelling market growth.
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Organic Rice Protein is one of the oldest and most popular plant-based proteins. It has a long history of use in Asia and is now gaining popularity in the Western world. Despite its ancient origins, the organic rice protein market is still in its infancy. The market was worth just over USD 98.7 Million in 2021 and is expected to grow to USD 155.6 Million by 2032, according to a report by Future Market Insights.
This growth is expected to continue in the future, as more and more people become aware of the benefits of Organic Rice Protein. The main drivers of this growth are expected to be the health-conscious consumer and the growing demand for plant-based proteins.
North America accounted for more than 50% of the global market in 2021, driven by growing demand for sports drinks in Canada and the USA. During the forecast period, the market expansion is likely to be fueled by the presence of key manufacturers and organic rice protein suppliers in the USA.
Moreover, the high demand for natural food ingredients is expected to further drive the USA organic rice protein market size. However, the USA accounted for 32.7% market share with a market value of USD 34.1 Million during the forecast period.
The United Kingdom market for organic rice protein powder is a leading contributor in the Europe region during the forecast period. People in the United Kingdom prefer organic rice protein because it is a good choice for those who are looking for an alternative to animal-based proteins.
It is also a good option for people who are allergic to soy or nuts. Rice protein is easy to digest and has a neutral flavor, making it versatile in recipes. During the forecast period, the United Kingdom organic rice protein market is expected to grow at a CAGR of 5.8%.
According to the FMI report, the Asia Pacific region is the fastest-growing region in the organic rice protein market during the forecast period. The countries such as Korea and Japan are flourishing in the market size in the region.
The Korean organic rice protein market is surging rapidly by increasing demand from consumers for healthy and sustainable food products during the forecast period. The Korean government supports organic agriculture and promotes rural development, which has contributed to the growth of the Korean organic rice protein market in recent years.
In addition, the rising demand for plant-based proteins by end-users drives the Korean organic rice protein market share. Moreover, the vast Korean territory and favorable climate conditions are suitable for cultivating organic rice to increase the market size.
Japan's organic rice protein market is also contributing a significant share of the global market during the foreseen time. Due to the growing health consciousness of consumers and the trend towards healthy diets, the Japanese market for organic rice protein is upsurging during the forecast period.
Due to rising awareness related to low-fat and calorie food among consumers, the Japanese organic rice protein market share is growing higher in recent years due to significant investment by numerous market players and the low cost of the product upsurging the Japanese market during the forecast period. The organic rice protein manufacturer develops food proteins without changing the product's texture, flavor, quality, or appearance.
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North America accounted for more than 50% of the global market in 2021, driven by growing demand for sports drinks in Canada and the USA. During the forecast period, the market expansion is likely to be fuelled by the presence of several of these key manufacturers.
High demand for natural food ingredients is expected to further drive the expansion of the Organic Rice Protein market. The USA accounted for 32.7% market share with a market value of USD 34.1 Million in 2022.
The Organic Rice Protein market is growing in the United Kingdom for a number of reasons. People in the United Kingdom prefer Organic Rice Protein because it is a good choice for those who are looking for an alternative to animal-based proteins. It is also a good option for people who are allergic to soy or nuts. Rice protein is easy to digest and has a neutral flavor, making it versatile in recipes.
During the forecasted period, Organic Rice Protein Market in the United Kingdom is expected to grow at a CAGR of 5.8%.
According to FMI’s analysis, China is anticipated to grow at a CAGR of 5.1% between 2022 and 2032. The Organic Rice Protein Market in China is expected to grow at a rapid pace in the coming years, due to the increasing demand from consumers for healthy and sustainable food products.
The Chinese government's policies to support organic agriculture and promote rural development will also contribute to the growth of the market. Moreover, China's vast territory and favorable climate conditions are suitable for cultivating organic rice, which will further drive market growth.
In recent years, the Organic Rice Protein market has seen significant growth. This is due in part to the growing health consciousness of consumers and the trend toward plant-based diets. India is one of the leading producers of Organic Rice Protein, and its performance in this market is impressive. India is expected to grow at a CAGR of 5.6% during the forecasted period.
The main drawback of Organic Rice Protein is that it’s not as easily absorbed by the body as other proteins. But this can be remedied through a process called chemical extraction. Chemical extraction involves using chemicals to remove the non-protein parts of the rice grain, leaving behind a more concentrated form of protein. This process makes Organic Rice Protein more bioavailable, meaning your body can better absorb and use it.
Due to significant investment by numerous market players and the low cost of the product, concentrates are gradually growing. Concentrates can replace goods like food proteins without changing the product's texture, flavor, or appearance.
The consumption of Organic Rice Protein in Sports and Energy nutrition is attributable to their high amino acid profile and presence of branched-chain amino acids (BCAAs), which are crucial for muscle repair in athletes and bodybuilders. Weight management is the primary reason for the use of Organic Rice Protein in Sports and Energy nutrition.
Similar to whey protein, rice proteins promote increased lean body mass, skeletal muscle hypertrophy, power, and strength.
Organic Rice Protein is becoming an increasingly popular choice for those looking for a healthy, sustainable option. There are a number of factors that are propelling the growth of Organic Rice Protein, including the health benefit it offers and the increasing awareness of the importance of sustainability.
Organic Rice Protein is a healthy alternative to other protein sources, such as animal-based proteins. It is low in fat and cholesterol and contains no artificial ingredients or preservatives. Additionally, Organic Rice Protein is a sustainable choice, as it requires less water and energy to produce than other protein sources.
Key players’ strategies include alliances and agreements. By forming alliances and expanding their distribution networks, businesses are trying to reach a wider worldwide audience. Major manufacturers are investing heavily in Research and Development to develop high-quality products, which is expected to boost competition among them.
The FMI team has also kept track of recent developments in businesses that produce Organic Rice Protein, and these developments are included in the full market research report.
Attribute | Details |
---|---|
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2022 |
Market Analysis | USD Million for Value and Units for Volume |
Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa(MEA) |
Key Countries Covered | United States of America, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, United Arab Emirates(UAE) |
Key Segments Covered | Extraction Process, Type, Application, End-user |
Key Companies Profiled | Axiom Foods; RiceBran Technologies; AIDP Inc; Golden Gropud Limited; Shaanxi Fuheng Biotechnology Co. Ltd.; Nutrition Resource Inc.; Bioway Organic Ingredients Co. Ltd; Top Health Ingredients Inc. |
Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The Organic Rice Protein Market will reach nearly USD 104.1 Million by 2022.
The Organic Rice Protein Market is expected to rise at a CAGR of 4.1%
The USA, Germany, Japan, Australia, China, India, and the United Kingdom are the major countries driving the demand for Organic Rice Protein Market.
The China Organic Rice Protein Market will grow at 5.1% CAGR between 2022 and 2032.
The India Organic Rice Protein Market will grow at 5.6% CAGR between 2022 and 2032.
The United Kingdom Organic Rice Protein Market will grow at 5.8% CAGR between 2022 and 2032.
AIDP Inc, Axiom Foods, and RiceBran Technologies are the companies dominating the Organic Rice Protein Market.
The global demand for Organic Rice Protein Market is forecasted to surpass USD 155.6 Million by the year 2032.
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