ice Protein Market: Dry Form of Rice Protein to Remain Preferred among Consumers

Posted on 2019-02-08 by Mark Hub in Food & Beverage // 0 Comments

Rockville, USA, 2019-Feb-08 — /EPR Network/ — The Rice Protein Market will exhibit an impressive 8.2% volume CAGR through the forecast period, 2017 to 2026, according to a recently collated report of Fact.MR. Worldwide sales of rice protein are estimated to exceed US$ 190 Mn in revenues by 2026-end.

Rice protein has witnessed tremendous employment in the pharmaceutical and cosmetic applications. Awareness associated with nutritional food ingredients’ consumption has been increasing among consumers worldwide, which in turn has stoked demand for dietary supplements such as rice protein over the past few years.

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Many favorable regulations with regard to rice protein applications have been implemented by the U.S. Food and Drug Administration, thereby resulting into higher acceptance of rice protein among the global population.

Manufacturers of food products across the globe are now concentrating on complying with standards, in order to introduce anti-allergic as well as gluten-free food products via adoption of plant protein such as rice protein. This is mainly because of rising consumer inclination toward adopting a healthier lifestyle.

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Dry Form of Rice Protein to Remain Preferred among Consumers

Dry form of rice protein will continue to be preferred among consumers, with sales poised to account for over US$ 130 Mn revenues by 2026-end. Revenues from sales of liquid form of rice protein will remain nearly half of revenues procured from sales of dry form of rice protein. On the basis of function, emulsifying will remain dominant in the market in terms of value, followed by foaming.

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Market Players Adopting Inorganic Development Strategies to Resolve Revenue Challenges

With few players latching onto larger revenue shares of the global rice protein market, nature of the market is highly competitive and concentrated. Rice protein producers currently face challenges regarding low revenue generation and capital investment. In order to resolve these challenges, these market players are adhering to inorganic strategies of development, which include agreements & partnerships with the global distributors and suppliers.

Sports & Energy Nutrition to Endure as Fast-Expanding Application of Rice Protein

Relatively lower cost and rich nutrition content in rice protein has led to its robust adoption in sports & energy nutrition application. In addition, consumers across the globe are preferring beverages that are healthier, which in turn has led to incorporation of various supplements such as rice protein. Sports & energy nutrition, and beverages are projected to endure as fast-expanding applications of rice protein.

Well-established manufacturers are investing in R&D activities for developing novel products as well as enhancing functionality of their existing products, for attaining a competitive edge over others. Fact.MR’s report identifies and tracks key participants supporting expansion of global market for rice protein, which include Pure Food Company LLC, North Coast Naturals, Z-Company, Nutribiotic, Top Health Ingredients Inc., The Green Labs LLC, Shafi Gluco Chem Pvt. Ltd., Shaanxi Fuheng (FH) Biotechnology Co., Ltd., Nutrition Resource Inc., RiceBran Technologies, Golden Grain Group Ltd., Bioway (Xi’an) Organic Ingredients Co., Ltd., AIDP Inc., and Axiom Foods Inc.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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