24-Dec-2022 | Zion Market Research
The global organic rice protein market size was worth around USD 96 million in 2021 and is predicted to grow to around USD 436 million by 2030 with a compound annual growth rate (CAGR) of roughly 18.2% between 2022 and 2030.
Organic food is items cultivated using organic farming standards, which may vary region-wise but the basic rule is that organic products are free of chemical fertilizers and pesticides. They can be grown only using natural resources. Proteins are essential for the overall development of animals and plants. They are complex biomolecules made of amino acid residues linked in large chains. They are required to perform different types of important functions like DNA replication, metabolic reactions, responding to stimuli, transporting molecules, and providing cellular and molecular structure.
They are considered building blocks of life, since every cell in the body of a living organism consists of proteins, in varying quantities. Protein not only helps in building immunity but also aids repair of tissues, and muscles, and helps in digestion. Red blood cells are known to contain a protein that is responsible for transporting oxygen through the body. Rice is a common part of many diet cultures since it has multiple benefits associated with it. Consuming organic rice-based protein is far more favorable than proteins from traditional rice. This is because the rice cultivated organically is not exposed to synthetically manufactured chemicals or pesticides, which means that the chances of intaking harmful chemicals are very rare when organic food products are consumed.
The global organic rice protein market is projected to grow owing to the rising population preferring vegan diet forms. Eating habits based on plants like grains, nuts, and vegetables, or consuming food products purely made of these ingredients is called a vegan diet. People who are vegans do not consume any form of animal or products that come from animals including dairy items. A vegan diet is known to be a healthy form of eating because it involves consuming essential nutrients that are low in saturated fats, which converts to one of the highest forms of a balanced diet. There have been growing efforts undertaken by various institutions that deal with animal rights as well as support received from the government, more people are becoming aware of the impact of animal-based diets on the ecosystems and the negligent process through which meat is produced in such large amounts. This is a major reason why people are shifting toward a vegan diet.
There could be some growth restrictions along the way due to the high cost of proteins based on organic rice. This is because organic farming is expensive, which results in the high cost of final goods. A large section of the global population that is currently living on a limited income may find it difficult to consume organic rice protein on a daily basis, especially in large families. Since there are limited suppliers in the global market, there is a significant gap between the supply and demand of products which further increases the total cost.
The efforts undertaken by government agencies to promote organic rice cultivation may provide growth opportunities while unawareness in underdeveloped economies challenges further growth.
The global organic rice protein market is segmented based on type, application, form, and region
Based on application, the global market divisions are dairy, beverages, sports & energy, nutrition drinks, meat products, and others. The global market witnessed in the dairy segment as protein generated from organic rice is an excellent alternative to animal-based dairy products or other vegan items like whey or soy protein. It is known to be allergen-free unlike cow’s milk or milk protein isolate. Overall milk consumption in India stood at more than 200 million metric tons in 2022.
Based on the form, the global market divisions are liquid and dry, with the latter dominating the global market growth in 2021. In most countries, rice is cooked in solid form and consumed with other dishes. This is a major reason why dry forms of organic rice are preferred for their protein content. As per official data, more than 4.59 million metric tons of rice are consumed in the US every year.
Asia-Pacific is projected to witness surging growth in the global organic rice protein market owing to the presence of some of the largest organic rice exporters in China, India, and other Asian countries. Growth in North America is projected to grow due to the rise in the number of people opting for vegan sources of nutrients which are encouraged due to the high standard of living and subsequent increase in per capita spending capacity.
The governments of the US and Canada have increased their spending on research and development on organic rice cultivation. In the last couple of years, the vegan population in Europe has grown 4 times, reaching a total of more than 2.65 million. The number represents more than 3.23% of the European population.
This review is based on a report by Zion Market Research, titled “Organic Rice Protein Market By Type (Concentrates, Isolates, and Others), By Application (Dairy, Beverages, Sports & Energy Nutrition Drink, Meat Products, Others), By Form (Liquid, and Dry), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/organic-rice-protein-market
Recent Developments:
The global organic rice protein market is led by players like:
The global organic rice protein market is segmented as follows:
By Type
By Application
By Form
By Region
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