South 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 | 4.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Rice Protein Market Analysis
The South American rice protein market is expected to register a CAGR of 4.2%, during the forecast period, 2020 to 2025.
- Consumers have been observed to avoid animal protein-based products to refrain from residues of antibiotics and hormones found in meat, which has led them to opt for alternative protein sources like rice protein. For the food industry, rice proteins are usually isolated from sources such as regular rice flours or rice bran.
- Rice protein has gained popularity in South America and is being utilized in combination with pea protein, which formulates a complete protein profile with health benefits including tissue rebuilding and recovery of muscles. The market is further fueled by increasing awareness among consumers about the dietary supplements products with rice protein being used as one of the major ingredients.
South America Rice Protein Market Trends
This section covers the major market trends shaping the South America Rice Protein Market according to our research experts:
Growing Preference for Plant based Protein
The plant-based protein market in Brazil has witnessed significant growth with numerous product launches in natural food stores, big retailers, and even corner shops. Even though the Brazilian market is relatively new in terms of plant protein consumption, the number of people who consider themselves vegan or vegetarian is already comparable to the number in countries where the plant protein market is well established.
Among consumers, a good percentage of people are familiar with the benefits of reduced consumption of animal products and are interested in changing their behavior as a result. Marketing strategies that align with trend towards healthy food consumption where ads that highlight the health benefits of plant-based products as compared to the animal-product equivalents have garnered a new level of applause from consumers.
On the other hand, the convenience factor has also played a major role in determining the sales of plant-based protein where consumers approach towards established retail chain i.e. supermarkets/hypermarket have led to volume sales through this segment.
Rice Protein Isolates to Witness High Growth
Regular rice flours contain up to 90% starch, which is mostly converted to dextrins during the processing of rice for syrups. Some starch remains in the insoluble residue as a protein-enriched by-product of that process. This by-product contains up to 50% protein, and it is a desirable starting material to prepare rice protein isolates. Researchers suggest that large doses of rice protein isolate, an allergen-free plant protein, contains 8% leucine that is found to be a suitable form of protein to support muscle hypertrophy in combination with resistance training. As compared to Whey Protein, Rice protein isolate consumption post resistance exercise decreases fat-mass and increases lean body mass, skeletal muscle along with power and strength.
South America Rice Protein Industry Overview
Major Key Players operating in the South America Rice Protein Market are RiceBran Technologies, Axiom Foods, Beneo, Pure Foods Company among others. The rice protein market in Brazil is at its nascent stage, and the major player is redesigning their product portfolio, that goes along with new consumer demand.
On the other hand, the growth of plant protein alternatives has paved a strong ground for rice protein to thrive, however, competition in terms of product incorporation across different application segment will act as a major barrier.
South America Rice Protein Market Leaders
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Axiom Foods
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Rice Bran Technologies
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Pure Food Company
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Nutribiotic
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BENEO GmbH
*Disclaimer: Major Players sorted in no particular order
South America Rice Protein Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market Definitions
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1.2 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 By Product Type
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5.1.1 Rice Protein Isolate
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5.1.2 Rice Protein Concentrate
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5.1.3 Others
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5.2 By Application
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5.2.1 Food Ingredients
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5.2.1.1 Energy & Sports Drinks
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5.2.1.2 Meat Analogues
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5.2.1.3 Beverages
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5.2.1.4 Bakery & Confectionery
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5.2.2 Dietary Supplements
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5.2.3 Animal Feed
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5.3 By Geography
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5.3.1 Brazil
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5.3.2 Argentina
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5.3.3 Colombia
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5.3.4 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Position Analysis
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6.3 Company Profiles
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6.3.1 Axiom Foods Inc
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6.3.2 Beneo GmbH
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6.3.3 ET Chem
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6.3.4 Rice bran Technologies
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6.3.5 Pure Foods Company
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6.3.6 Nutribiotic
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6.3.7 Bioway (Xi'an) Organic Ingredients Co., Ltd.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Rice Protein Industry Segmentation
The South America rice protein market is segmented by product type, application, and geography. Based on product type, the market is segmented into rice protein isolate, rice protein concentrate, & others. Based on application the market is segmented into food ingredients which are further sub-segmented into energy & sports drink, meat analogs, beverages, & bakery & confectionery, with dietary supplements and animal feed. Based on Geography, the study provides an analysis of the rice protein market in Brazil, Argentina, Colombia, and Rest of South America.
| By Product Type | |
| Rice Protein Isolate | |
| Rice Protein Concentrate | |
| Others |
| By Application | ||||||
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| Dietary Supplements | ||||||
| Animal Feed |
| By Geography | |
| Brazil | |
| Argentina | |
| Colombia | |
| Rest of South America |
South America Rice Protein Market Research FAQs
What is the current South America Rice Protein Market size?
The South America Rice Protein Market is projected to register a CAGR of 4.20% during the forecast period (2024-2029)
Who are the key players in South America Rice Protein Market?
Axiom Foods, Rice Bran Technologies, Pure Food Company, Nutribiotic and BENEO GmbH are the major companies operating in the South America Rice Protein Market.
What years does this South America Rice Protein Market cover?
The report covers the South America Rice Protein Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Rice Protein Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Rice Protein Industry Report
Statistics for the 2024 South America Rice Protein market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. South 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.
