The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.
The report offers actionable and valuable market insights of Rice Protein. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Rice Protein Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Rice Protein market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Rice Protein
This newly published and insightful report sheds light on Market Insights of Rice Protein, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Rice Protein Market.
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Rice Protein Market: Segmentation
Fact MR’s study has done the segmentation of the rice protein market on the basis of product type, source and application, end-use and region.
Region
- North America
- Latin America
- Europe
- APEJ
- Japan
- Middle East & Africa
Product Type
- Polysaccharides
- Oligosaccharides
Source
- Bacteria
- Algae
- Fungi
- Plants
- Other Sources
Application
- Beverages
- Infant Milk Formula
- Bakery & Confectionery
- Dairy Products
- Savory & Snacks
- Animal Feed
- Other Applications
End-Use
- Manufacturing
- Construction
- Mining & Agriculture
- Healthcare
- Services
- Homeland Security & Defense
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Innovations to Pave Way for Rice Protein in Plant based Protein Market
The global rice protein market is consolidated market with top contender’s holdings more than 40% market share focused on addressing end user needs with rice protein like increase in flow rate, better emulsion and low lump formation.
These top companies have also focused on introduction of innovative products, with an increase in functional properties, and leveraging ‘label claims’ like gluten-free, allergen-free and dairy free among others to meet consumer demand. Some developments include:
- In 2020, Milk Specialties launched their ‘PROriz Brown Rice Protein’ and showcased the product at ‘Natural Products Expo West 2020’. PROriz is aimed to meet multiple requirements for nutrition as well as functional properties like heat stability
- In 2019, Axiom Foods Inc. entered into an agreement with Univar Solutions as a primary distributor and provider for United States. The agreement was aimed at distributing plant based products including rice protein by leveraging the wide distribution network of Univar Solutions
Key Takeaways of Rice Protein Market
- Europe accounts for the highest share in the rice protein market and is expected to grow 2X during the forecast period
- Rice protein concentrates are expected to be fastest growing product type in rice protein market and are expected to grow by 2.5X during forecast period
- Brown rice is projected to lead the rice protein market and will present faster growth vis-a-vis milled rice
- Dry extracts in terms of extract type are expected to add US$ 100 Mn to rice protein market during forecast
- In terms of demand, beverages and bases application is expected to show high demand growth and is expected to grow 2.5X in terms of value during forecast period
- Demand for breakfast cereals is expected to show significant growth of 2.7X during the forecast period
“Being a highly efficient alternative to other plant-based products, the food and beverages industry is continuing to invest substantially in the rice protein market“, according to a Fact.MR analyst
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Key Question answered in the survey of Rice Protein market report:
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More Valuable Insights on Rice Protein Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Rice Protein, Sales and Demand of Rice Protein, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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