Organic Rice Protein Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Organic Rice Protein Market: Snapshot
The global organic rice protein market is set to see high growth over the period 2018 to 2028. The CAGR (Compound Annual Growth Rate), bringing to fore new opportunities of growth for players operating in the market. It will also lead to increase in market value considerably.
The growth stems from increase awareness regarding plant based proteins and high adoptability of organic food products. As the world moves towards veganism, organic rice protein becomes a popular choice. Moreover, with allergies even from soy now emerging, it is good news for organic rice protein market.
Some of the developments in the global organic rice market include:
Rise in the sports and athletic activities entail high nutritional food products, which has been fulfilled by organic rice protein market. Growing consciousness of the harmful effects of preservatives in food products has created a robust demand for organic rice protein. Consumers are making their way towards the adoption of organic rice protein over soy protein, owing to the allergies caused by the latter. This has encouraged the manufacturers of the organic rice protein market to upgrade the quality of their product, in order to intensify the rate of adoption.
With the consumers of developed countries following the trends of veganism, demand for dairy substitutes to extract their protein value has been on a perpetual rise. As a result, plant-based protein in the form of organic rice protein has been penetrating deeper to supply necessary nutrition to the consumers. Furthermore, ill health effects witnessed on the consumption of a gluten-rich diet has raised concerns pertaining to the health of the consumers, which has shifted their focus towards the proliferated adoption of organic rice protein. A cohort of the aforementioned drivers are anticipated to lend lucrativeness to the global organic rice protein market in the forthcoming years.
Organic Rice Protein Market – Novel Developments
Some of the most prominent competitors operating in the competitive landscape of global organic rice protein market include –
Organic Rice Protein Market – Dynamics
Clean Eating Being the Top of the Mind Concern for the Consumer to Propel the Demand for Organic Rice Protein Market
With the increasing disposable income of the consumers, a notable shift is witnessed towards the nutritional diet in the food and beverage industry. Owing to this shift, healthy substitutes of protein from plants have been favored over the ones obtained from meat and dairy products. High consumption of bakery items, confectionery, energy drinks in parallel to the rising health consciousness is anticipated to underpin the growth of the global organic rice protein market.
In addition to this, surging demand for safe and quality products on the back of the allergies caused by dairy products, gluten and GMO intolerance may considerably influence the growing size of the organic rice protein market.
North America is Expected to Remain a Lucrative Region for the Growth of the Organic Rice Protein Market
Geriatric population and their health conditions have created a notable spur in the demand for nutritional product in this region. As a result, organic rice protein has been adopted at an impressive pace to stabilize the imbalance caused by nutritional deficiency. Furthermore, governance to animal welfare has been propagated in this region, which limits the opportunities to obtain animal-based food products. This has caused a robust demand for the plant-based products, which in turn is a strong propeller to the growth of the global organic rice protein market.
Organic Rice Protein Market - Segmentation
The global organic rice protein market has been segmented on the basis of types, functions, applications, and forms.
Organic Rice Protein Market – Types
Depending on the types, the organic rice protein market has been divided into:
Organic Rice Protein Market – Functions
On the basis of the functions, the organic rice protein market can be fragmented into:
Organic Rice Protein Market – Forms
Based on the forms, the global organic rice protein market has been bifurcated into:
Organic Rice Protein Market – Applications
Depending on the application, the global organic rice protein market can be fragmented into:
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