Leading Players in Rice Protein Market: Innovation and Sustainability in Plant-Based Nutrition

The global rice protein market is experiencing significant growth, driven by the increasing consumer shift toward plant-based diets and the rising demand for vegan and vegetarian protein sources. Rice protein, known for its high amino acid content and digestibility, is gaining popularity in various applications, including food and beverages, dietary supplements, and animal feed. This trend is further supported by a growing focus on health and wellness, as consumers seek natural and organic food ingredients. However, challenges such as the reliance on specific raw materials, primarily sourced from regions like China, have raised concerns about supply stability. To mitigate these risks, there is a concerted effort toward strategic sourcing and investment in local production. Overall, the rice protein market is poised for continued expansion, with innovation and sustainability at the forefront of its development.

Global Rice Protein Market is valued at USD 267.24 million in 2023 and is expected to reach USD 372.36 million by 2031, with a growing CAGR of 4.3% during the forecast period 2024 to 2031.

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Below are the Top Rice Protein Companies with a Significant Market Share:

Rank	Company	Overview	Product Portfolio	Sales Geographical Coverage	Developments
1.	Kerry Group plc.	Kerry Group is a leading global food and beverage company specializing in taste and nutrition solutions. It operates across a wide range of sectors, including flavors, functional ingredients, and health & nutrition. Kerry’s presence in the rice protein market is part of its broader commitment to providing plant-based proteins and sustainable ingredients. The company offers high-quality rice protein products, which are used in various applications, including beverages, snacks, and sports nutrition. Kerry Group is recognized for its innovation, focus on sustainability, and strong research and development capabilities, making it a key player in the plant-based protein sector, including rice protein.	ProDiem	North America, South America, Middle East and Africa, Asia-Pacific, and Europe	In July 2024, Kerry introduced ProDiem, a plant-based protein solution combining pea, rice, and oat proteins. ProDiem addresses common challenges associated with plant proteins, such as taste and texture, by utilizing proprietary processing techniques and flavor-masking technology. This innovation aims to provide consumers with high-quality, great-tasting plant-based protein options suitable for various applications, including nutritional beverages and bars.
2.	Gulshan Polyols Ltd.	Gulshan Polyols is an Indian multinational company specializing in the production of food ingredients, industrial chemicals, and plant-based proteins, including rice protein. The company’s rice protein is derived from non-GMO rice and is used in a variety of health foods, beverages, and nutritional supplements. Gulshan Polyols focuses on providing high-quality plant-based proteins to meet the growing demand for gluten-free, vegan, and nutritious food options. The company is known for its sustainability practices, and it emphasizes the use of eco-friendly production methods in all of its operations. Gulshan Polyols is a well-established player in the Indian and global food ingredient markets, with a strong focus on the growing demand for plant-based protein products.	Rice Protein/Gluten	India	In December 2022, Gulshan Polyols Ltd. in collaboration with Amplus, commenced the acquisition of solar energy. This partnership will enable the provision of power to the Muzaffarnagar plant, primarily dedicated to grain and mineral processing. The company anticipates obtaining 400,000 to 500,000 units of electricity monthly at a subsidized cost of 30%-40% through this collaboration for the Muzaffarnagar plant in Uttar Pradesh. This would help the company to increase its production.
3.	Gehl Foods, LLC.	Gehl Foods is a producer of high-quality dairy-based and plant-based proteins, with a growing presence in the rice protein sector. The company specializes in producing rice protein concentrates and isolates for use in a wide range of nutritional products and beverages. Gehl Foods focuses on providing proteins that are clean-label, non-GMO, and suitable for various dietary requirements, such as vegan and gluten-free diets. Known for its high standards of quality control and innovation, Gehl Foods meets the demands of the sports nutrition, health and wellness, and plant-based food markets with its rice protein products.	Rice Protein	U.S.	In August 2021, in the span of 125 years, Gehl Foods, LLC. achieved numerous milestones, evolving from a modest three-room creamery in Germantown, Wisconsin, to pioneering as the first FDA-approved aseptic manufacturer. Presently, it stands as the nation's foremost aseptic manufacturer. This helped the company to expand market share, and achieve a competitive edge in the aseptic manufacturing sector.
4.	Shafi Gluco Chem	Shafi Gluco Chem is a global supplier of food ingredients, including rice proteins, starches, and other plant-based ingredients. The company specializes in providing high-quality rice protein products that are used in a variety of nutritional products, beverages, and supplements. Shafi Gluco Chem focuses on innovation and sustainability, offering non-GMO, gluten-free, and allergen-free rice protein products. The company has a strong international presence and is known for its commitment to quality assurance and sustainability in sourcing and production. Shafi Gluco Chem serves the growing demand for plant-based proteins in global markets, particularly in Asia, Europe, and North America.	Rice Protein - Food Grade Rice Protein - Feed Grade	Pakistan
5.	Prinova Group LLC.	Prinova Group is a global supplier of ingredients and flavors for the food, beverage, and nutritional supplement industries. The company offers a wide variety of plant-based ingredients, including rice protein, that cater to the growing demand for healthy, plant-based, and sustainable food products. Prinova Group is known for its comprehensive portfolio, which includes proteins, amino acids, flavors, and nutritional additives. Its rice protein products are used in applications ranging from sports nutrition and meal replacements to dairy alternatives and plant-based snacks. The company’s commitment to high-quality, clean-label ingredients and research-backed innovations has helped it maintain a strong position in the global rice protein market.	Rice Protein 80% 300 Mesh	North America, South America, Middle East and Africa, Asia-Pacific, and Europe	In September 2021, Prinova Group LLC. (“Prinova”), a NAGASE Group Company, entered into a definitive agreement to acquire industry expert The Ingredient House, LLC (“TIH”). TIH has a significant presence in the sweetener, polyol, and specialty ingredient sectors both in the U.S. and internationally. This purchase represented another stride forward in Prinova’s long history of growth in the ingredient distribution space.

Conclusion

The global rice protein market is expected to see sustained growth, fueled by the increasing demand for plant-based protein sources and the shift towards healthier, more sustainable diets. As consumers continue to prioritize plant-based options, rice protein is emerging as a popular choice due to its nutritional profile and digestibility. While challenges related to raw material sourcing and supply chain stability exist, efforts are being made to address these issues through strategic sourcing and local production investments. With a growing emphasis on health, wellness, and sustainability, the rice protein market is likely to expand, driven by innovation and evolving consumer preferences in the food, beverage, and supplement sectors.