North America Rice Protein Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.10 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Rice Protein Market Analysis
The North American rice protein market is projected to register a CAGR of 5.1%, during the forecast period of 2020-2025.
- The rice protein industry acts as a platform for waste utilization. Rice bran from the polishing process is gradually diverted for the production of value-added products, and protein is one of them. Rice protein isolates and concentrates are increasingly being produced from rice bran.
- The increasing incidences of intolerance for animal protein, coupled with the rising demand for alternative protein source products, have resulted in an inclination toward a vegan diet among consumers, which is boosting the rice protein market in the region.
North America Rice Protein Market Trends
This section covers the major market trends shaping the North America Rice Protein Market according to our research experts:
Increasing Demand for Plant-based Protein Products
The increasing incidences of intolerance for animal protein, coupled with the rising demand for alternative protein source products, have resulted in an inclination toward a vegan diet among consumers. The percentage of the vegan population raised to 6% in 2017, from 1% in 2014, a boost for the rice protein ingredient manufacturers in North America. According to the Centers for Disease Control and Prevention, 12.2 million people are suffering from a food allergy, two-thirds of which are associated with egg allergy. Consumers are avoiding animal protein-based products to refrain from residues of antibiotics and hormones found in meat. This factor is leading them to opt for alternative plant-derived protein sources, like rice, pea, and wheat.
United States Holds a Prominent Share in the Market Studied
The demand for rice proteins is growing at a fast rate, owing to change in lifestyle, lack of balanced dietary intake, and improved R&D, in order to develop new kinds of plant-protein-enriched products. The United States continues to capture the largest market share for rice protein, followed by Canada and Mexico. The demand for processed and low cholesterol foods paved the way for the rice-based protein market in the region. Presently, consumers are switching to other alternative products, such as green label food products, coupled with the rising awareness about healthy and plant-based products, due to an increase in the availability of counterfeit products in the market.
North America Rice Protein Industry Overview
The North American market for rice protein is highly competitive, with innovation in products being a major strategic approach adopted by the leading players. This trend is likely to continue in the future, as the established players seek to garner increased market shares. Some of the major players in the North American rice protein market are Axiom Foods Inc., AIDP Inc., RiceBran Technologies, The Green Labs, Shafi Gluco Chem Pvt. Ltd, and Golden Grain Group Ltd, among others.
North America Rice Protein Market Leaders
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Axiom Foods Inc.
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AIDP Inc.
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RiceBran Technologies
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The Green Labs
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Shafi Gluco Chem Pvt., Ltd
*Disclaimer: Major Players sorted in no particular order
North America Rice Protein Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Product Type
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5.1.1 Rice Protein Isolates
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5.1.2 Rice Protein Concentrates
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5.1.3 Others
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5.2 Application
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5.2.1 Food Ingredients
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5.2.1.1 Energy and Sports drink
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5.2.1.2 Meat Products
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5.2.1.3 Beverages
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5.2.1.4 Bakery and Confectionery
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5.2.1.5 Ready-to-eat Food
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5.2.2 Dietary Supplements
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5.2.3 Animal Feed
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5.3 Geography
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5.3.1 United States
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5.3.2 Canada
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5.3.3 Mexico
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5.3.4 Rest of North America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Position Analysis
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6.4 Company Profiles
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6.4.1 Axiom Foods Inc.
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6.4.2 AIDP Inc.
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6.4.3 RiceBran Technologies
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6.4.4 The Green Labs
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6.4.5 Shafi Gluco Chem Pvt. Ltd
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6.4.6 Golden Grain Group Ltd
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6.4.7 Top Health Ingredients
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6.4.8 Pure Food Company LLC
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Rice Protein Industry Segmentation
The North American rice protein market is segmented by product type, application, and geography. Based on product type, the market is segmented into rice protein isolates, rice protein concentrates, and other product types. By application, the market is segmented into food ingredients, dietary supplements, and animal feed. By geography, the study provides an analysis of the rice protein market in the emerging and established markets across the region, including the United States, Canada, Mexico, and the Rest of North America.
| Product Type | |
| Rice Protein Isolates | |
| Rice Protein Concentrates | |
| Others |
| Application | |||||||
| |||||||
| Dietary Supplements | |||||||
| Animal Feed |
| Geography | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
North America Rice Protein Market Research FAQs
What is the current North America Rice Protein Market size?
The North America Rice Protein Market is projected to register a CAGR of 5.10% during the forecast period (2024-2029)
Who are the key players in North America Rice Protein Market?
Axiom Foods Inc., AIDP Inc., RiceBran Technologies, The Green Labs and Shafi Gluco Chem Pvt., Ltd are the major companies operating in the North America Rice Protein Market.
What years does this North America Rice Protein Market cover?
The report covers the North America Rice Protein Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Rice Protein Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Rice Protein Industry Report
Statistics for the 2024 North America Rice Protein market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. North America Rice Protein analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
