The Organic Rice Protein Market is expected to reach USD 307.2 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 18.2% from 2022 to 2028. One of the key reasons to drive the Organic Rice Protein Market in the coming years is the growing demand for gluten-free, hypoallergenic, non-GMO, and dietary protein products. In addition, organic rice proteins can be used as an alternative to animal & other plant proteins. Consequently, it bolsters the demand for Organic Rice Protein Market in the near future. Furthermore, owing to its functional properties, the demand for organic rice protein products is increasing.
- One of the restraining factors about the Organic Rice Protein Market is consumer awareness. Various consumers are still not aware of the functional benefits of organic rice protein products which are hampering the market growth.
- These organic rice protein products can help those consumers which are focusing on lactose-free, gluten-free, and non-allergen products in their diet. Therefore, it will provide various growth opportunities for the Organic Rice Protein Market in the near future.
- North America is likely to witness the fastest growth in the Organic Rice Protein Market during the forecast period. This surge is mainly observed owing to the increasing consumer awareness about a healthy diet in their daily routine.
The major players involved in the development of the Organic Rice Protein Market are AIDP, Inc. (US); Axiom Foods (US); Shaanxi Fuheng (FH) Biotechnology Co. Ltd. (China); RiceBran Technologies (US); Golden Grain Group Limited (China); Top Health Ingredients, Inc. (Canada); Ribus, Inc. (US); Bioway (Xi’an) Organic Ingredients Co. Ltd. (China), Green Labs, LLC (US); and Shafi Gluco-Chem (Pvt.) Ltd. (Pakistan)..
Organic rice proteins contain higher protein composition. Some of the functional properties of organic rice proteins products are helping in reducing cholesterol and triacylglycerol levels, richer in nonstarch constituents than the milled/white rice, and considered hypoallergenic. All these factors are influencing the high growth of the organic rice proteins market in the upcoming years. In addition, many companies are majorly focusing on the development of nutritious products, thus it increases the value for organic rice proteins products in the near future. For example, Milk Specialties Global, a globally leading manufacturer of protein, launched a PROriz, brown rice protein in both organic and conventional formats.
COVID Impact Analysis
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the sand control solutions market. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online.
October 2020: Milk Specialties Global introduced a brown rice protein, Paris, in both organic and conventional formats. The low-grit and neutral-tasting novelty, which is sourced and manufactured in the U.S., find extensive use in ready-to-mix protein shakes.
October 2019: RiceBran Technologies announced today that the Company has reached a significant milestone in debottlenecking its Golden Ridge Rice Mills operation in Arkansas.
October 2019: American International Chemical (AIC), collaborated with China-based Panjin Hetian Food Co., Ltd, to emerge as the North American distributor of the latter’s manufactured products, including organic rice and brown rice proteins.