Organic Rice Protein Market: Jsbmarketresearch

Organic Rice Protein Market by Type, Application, Form, & by Region - Global Trends & Forecasts to 2021

Released on 25th May 2016

The organic rice protein market is projected to reach USD 96.5 million by 2021. The organic rice protein market is projected to grow at a CAGR of 18.3% from 2016 to 2021. Increasing demand for protein functionalities, consumers awareness with regard to the benefits of a healthy diet, and increasing preference of plant protein are the factors driving the growth of organic rice protein market. The market demand for non-allergen, lactose-free, and gluten-free products is growing due to increase in awareness about the food allergies and food intolerances among the consumers, which have resulted in an increase in demand of organic rice protein as they are non-allergen, lactose-free, and gluten-free source of protein. These factors provide new growth opportunities for the players in organic rice protein market.

Sports & energy nutrition segment accounted for the largest market share

The applications of organic rice protein include sports & energy nutrition, beverages, dairy alternatives, meat analogs & extenders, and others. The sports & energy nutrition segment accounted for the largest market share, followed by beverages in 2015. Organic rice protein is a substitute for soy and whey protein for vegan consumers and for consumers who prefer gluten-free and dairy-free products. Organic rice proteins have similar effects to whey protein and hence the sports & energy nutrition segment is projected to grow at a highest CAGR in the organic rice protein market.

Europe is projected to be the fastest-growing region in the market

European consumers are emphasizing more on healthier lifestyles and hence, protein product manufacturers are focusing on reducing consumer concerns related to allergies and safety issues. The increase in demand of organic food products by the population is fueling the market for...