Asia-Pacific Rice Protein Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Asia-Pacific Rice Protein Market is Segmented by Product as Rice Protein Isolates, Rice Protein Concentrates, and Other Products, by Application as Food ingredients: Energy and Sports Drink, Meat Analogues, Beverages, Bakery and Confectionary; Dietary Supplements and Animal Feed. By Geography, the Market is Available on the basis of Countries as China, India, Japan, Australia, and the Rest of Asia-Pacific.

Market Snapshot

Market Snapshot1
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 7.68 %

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Market Overview

The Asia-Pacific rice protein market is expected to register a CAGR of 7.68%, during the forecast period, 2020-2025. Most of the major companies operating in this segment are approaching processed food manufacturers in order to encourage them to blend rice protein in a variety of products.

Countries, such as South Korea, Japan, and Hong Kong are expected to show a decline in rice consumption, owing to dietary changes, thereby, focusing more on the derivatives side, which can be utilized across processed food products as an ingredient.

The rice protein isolate segment is expected to account for the highest share during the forecast period.

Scope of the report

The Asia-Pacific rice protein market is segmented by product as rice protein isolates, rice protein concentrates, and other products, by application as food ingredients: energy and sports drink, meat analogues, beverages, bakery and confectionary; dietary supplements, and animal feed. By geography, the market is available on the basis of countries as China, India, Japan, Australia, and the Rest of Asia-Pacific.

By Product
Rice Protein Isolates
Rice Protein Concentrates
Other Products
By Application
Food Ingredients
Energy and Sports Drinks
Meat Analogues
Beverages
Bakery and Confectionary
Dietary Supplements
Animal Feed
Geography
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific

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Key Market Trends

Growing Application in Supplement Segment

Rice protein is considered as an alternative to the popular soy, pea, and milk protein. On the other hand, rice protein contains a high percentage of cystine and sulfur-containing amino acids. Due to a lack of lysine in rice protein, the product is blended with pea protein to balance the missing ingredient.

The growing awareness about health supplements, along with the growing population and increasing disposable incomes, is altogether driving the dietary supplement market in the region. Across countries, such as China, India, and Japan, the shifting consumer trend toward preventive healthcare, which further reduces healthcare expenses, has also contributed to the demand for nutrition products. This has led major manufacturers to engage in the manufacturing of supplements having a sole focus on the region and sourcing alt-protein that helps in increasing and innovating their existing product portfolio.

The trend of consuming allergen- and gluten-free, easy to digest, and Earth-friendly products are among the main factors that will facilitate and ramp up the demand for rice protein added dietary supplements in the region.

Asia Pacific Dietary Supplements Market, 2015 to 20181

Cosmetics Likely to Offer Concrete Opportunities

Rice is rich in amino acids, vitamin E, ferulic acid, allantoin, and starch substances, which have a particularly important function for the good health of the body and skin. Rice proteins are obtained after processing of the rice with specific enzymes. The isolated powdery substance with a high concentration of nutrients is used as an additive to foods, drinks, and cosmetics. The cosmetic grade vegetable protein is beneficial to both hair and skin, and rice being a mild material, is often used by allergy-prone or sensitive individuals.

Surging demand for personal care products, coupled with rising awareness regarding cruelty-free beauty products, is expected to be one of the key drivers increasing the market growth. Moreover, embracing natural substitutes, such as plant-based personal care products is working in favor of consumers. In recent times, a sharp rise in the number of beauty blogs and social media accounts that are committed to the benefits of going chemical-free has worked in favor of the vegan cosmetics market, by enhancing consumer’s information.

Market size of the cosmetics industry across India in FY 2016, by category1

Competitive Landscape

The manufacturers are investing significantly in R&D activities to improve yield and deal with complexities involved in the production of rice protein. Companies that are creating novel and innovative ingredients that have a widespread application are more likely to be promoted as a key product in the future. Major key players are RiceBran Technologies, Axiom Foods, AIDP Inc., Shafi Gluco Chem Pvt. Ltd, and Bioway (Xi'an) Organic Ingredients Co. Ltd.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Rice Protein Isolates

      2. 5.1.2 Rice Protein Concentrates

      3. 5.1.3 Other Products

    2. 5.2 By Application

      1. 5.2.1 Food Ingredients

        1. 5.2.1.1 Energy and Sports Drinks

        2. 5.2.1.2 Meat Analogues

        3. 5.2.1.3 Beverages

        4. 5.2.1.4 Bakery and Confectionary

      2. 5.2.2 Dietary Supplements

      3. 5.2.3 Animal Feed

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 Australia

        5. 5.3.1.5 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Position Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Titan Biotech

      2. 6.4.2 Axiom Foods

      3. 6.4.3 TNJ Chemicals

      4. 6.4.4 Shafi Gluco Chem Pvt.

      5. 6.4.5 Bioway (Xi'an) Organic Ingredients Co. Ltd

      6. 6.4.6 Jiangxi Golden Agriculture Biotech Co. Ltd

      7. 6.4.7 ETChem

      8. 6.4.8 Shaanxi Fuheng (FH) Biotechnology Co. Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Asia-Pacific Rice Protein Market market is studied from 2016 - 2026.

The Asia-Pacific Rice Protein Market is growing at a CAGR of 7.68% over the next 5 years.

Rice Bran Technologies, Axiom Foods, Shafi Gluco Chem Pvt., ET Chem are the major companies operating in Asia-Pacific Rice Protein Market.

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