Organic Rice Protein Market To Reach $162.4 Billion By 2030

Organic Rice Protein Market Growth & Trends

The global organic rice protein market size is expected to reach USD 162.4 billion by 2030, expanding at a CAGR of 12.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Superior functional properties coupled with increasing shift towards non-GMO and vegan food ingredients is expected to propel the demand over the forecast period. The product is hypoallergenic and generally consists of no added colors, sweeteners or fillers which increases its nutritional value. In addition, organic rice protein contains a high level of amino acid content which is very beneficial for building muscles.

Intake of dietary protein along with organic rice protein helps in burning fat through its thermic effect and reduces blood sugar level thereby facilitating weight loss. Companies including Axiom Foods, and Nutribiotics have been involved in extensive R&D in order to develop hexane free organic rice protein thereby facilitating development.

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Organic Rice Protein Market Report Highlights

• Rice protein isolates accounted for the largest market revenue share of 50.6% in 2023. These produce high quality product with enhanced color, texture, and flavor in a cost effective manner, which is likely to augment demand for the product over the forecast period.

• Sports & energy nutrition dominated the market with a revenue share of 91.1% in 2023 due to rapidly growing demand in Europe and North America. High youth population coupled with increasing trend of sports & gym in Asia Pacific is likely to have a positive impact on the growth over the forecast period.

• North America is expected to witness significant growth from 2024 to 2030 due to the presence of key companies in the region. The players have been involved in extensive R&D in order to develop products focusing on numerous applications. High preference towards natural food ingredients in the regions is expected to propel demand for the product in meat analogues and extenders over the forecast period.

• Increasing government initiatives to promote use of organic food products coupled with high organic rice farming in the region is expected to augment demand for the product over the forecast period.

• The market is characterized by the presence of limited market players with the strong distribution network. Some of the key organic rice protein suppliers include Axiom Foods, Inc., RiceBran Technologies, ChemPoint, Bioway Organic Group Limited, Golden Greens Organic Ltd., and Nutrition Resource Inc. These companies are involved in the distribution of organic rice proteins on the global level.

Organic Rice Protein Market Segmentation

Grand View Research has segmented the global organic rice protein market based on product, application, and region:

Organic Rice Protein Product Outlook (Revenue, USD Million, 2018 - 2030, Volume in Tons)

• Rice Protein Isolate

• Rice Protein Concentrate

• Others

Organic Rice Protein Application Outlook (Revenue, USD Million, 2018 - 2030, Volume in Tons)

• Sports & Energy Nutrition

• Bakery & Confectionery

• Meat Analogues & Extenders

• Dairy Alternatives

• Others

Organic Rice Protein Regional Outlook (Revenue, USD Million, 2018 - 2030, Volume in Tons)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

List of Key Players in Organic Rice Protein Market

• Axiom Foods, Inc.

• RiceBran Technologies

• ChemPoint

• Golden Greens Organic Ltd.

• Shaanxi Fuheng Biotechnology Co. Ltd.

• Nutrition Resource Inc

• Bioway Organic Group Limited

• Top Health Ingredients

• Shafi Gluco Chem Pvt. Ltd

• The Green Labs LLC