Rice protein is defined as the protein powder extracted from different varieties of rice available for consumption. Although, majorly rice protein are extracted from brown rice with the help of their treatment resulting in isolation of carbohydrates and protein present in the rice grains. One of the major advantages associated with rice protein is the gluten-free and allergy-free characteristics of these protein ingredients helping improve the consumption base of these products from various different applications.
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The market is segmented on the basis of product type as rice protein isolates, rice protein concentrates and others. Applications segment consist of food ingredients, dietary supplements, animal feed and cosmetics.
According to Data Bridge Market Research, Global Rice Protein Market is expected to reach USD 214.35 million by 2026, growing at a CAGR of 8.45% during the forecast period of 2019 to 2026
Some of the major players operating in the market are Axiom Foods Inc., Bioway (Xi'An) Organic Ingredients Co.Ltd, Golden Grain Group Limited, RiceBran Technologies, HealthWise, Shaanxi Fuheng (FH) Biotechnology Co. Ltd., Shafi Gluco Chem, The Green Labs LLC, Top Health Ingredients Inc., NutriBiotic, Z-Company, North Coast Naturals, Pure Food Company LLC, Plandai Biotech, Gulshan Polyols Ltd, BENEO, Kerry Inc., BHARAT GLUCOSE PVT. LTD., The Scoular Company, and Habib-ADM Ltd.
The consumption rate for plant based protein ingredients and products has witnessed significant market expansion as the volume of vegan population has increased rapidly causing a veganism trend amongst a majority of the regions worldwide. This trend has subsequently increased the consumption rate for rice protein as the demands for nutritional supplements and ingredients to maintain a healthier lifestyle even with the vegan population is resulting in high demand for rice protein from the different end users.
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