Organic Rice Protein Market Size, Share, Growth, Trends and Forecast Report, 2024
by Susan Hill Business ConsultantThe
global organic rice protein market is expected to reach
USD 154.4 million by 2024, 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.
Further key
findings from the report suggest
- Organic rice
protein isolates are likely to witness CAGR of over 18% from 2016 to 2024.
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 and
energy nutrition application is expected to witness CAGR of over 16%, in
terms of volume, from 2016 to 2024 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 2016 to 2024 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.
- Latin America
demand was valued at over USD 1.5 million in 2015. 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 American Supps, Nordic Food Partners A/S, Aggressive Health Shop,
Bioden, and iHerb Inc. These companies are involved in the distribution of
organic rice proteins on the global level.
Access
full research report on global organic rice protein market:
www.grandviewresearch.com/industry-analysis/organic-rice-protein-market
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Created on Dec 31st 2019 00:29. Viewed 425 times.