Asia Pacific Organic Rice Protein Market

Asia Pacific Organic Rice Protein Market Size, Share & Trends Analysis Report By Form (Dry, and Liquid), By Product (Isolates, Concentrates, and Others), By Application, By Country and Growth Forecast, 2023 - 2030

Report Id: KBV-20609 Publication Date: February-2024 Number of Pages: 111
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Market Report Description

The Asia Pacific Organic Rice Protein Market would witness market growth of 18.3% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 2,207.7 Tonnes, showcasing a growth of 14.8% (2019-2022).

As more consumers adopt plant-based diets for health, ethical, and environmental reasons, there is a growing demand for plant-based protein sources. This protein, being plant-derived, benefits from this trend as it aligns with the preferences of individuals seeking sustainable and cruelty-free alternatives to animal-based proteins. Consumers increasingly scrutinize product labels, demanding transparency about ingredients, sourcing, and production methods.

Consumers are increasingly concerned about the environmental impact of their food choices. The market responds to this concern by emphasizing sustainable sourcing and production practices. Manufacturers are focusing on reducing the ecological footprint of this protein, exploring ways to enhance the sustainability of rice cultivation and processing.

South Korean consumers are becoming more health-conscious, and this protein, as a clean and plant-based protein source, aligns with the trend of incorporating nutritious and wholesome ingredients into the diet. Adopting plant-based and vegan lifestyles, driven by health, animal welfare, and environmental sustainability concerns, is growing in South Korea. As South Korean consumers become more aware of dietary sensitivities and allergies, including allergen-free and easily digestible protein sources like organic rice, they become appealing. Rice is a staple in Korean cuisine, and the familiarity with rice as a food source may contribute to the acceptance of this protein. The demand for functional foods and nutraceuticals is growing in South Korea as consumers seek products that offer health benefits beyond basic nutrition. Therefore, due to the above-mentioned factors, the market will grow significantly in this region.

The China market dominated the Asia Pacific Organic Rice Protein Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $30,312.3 Thousands by 2030. The Japan market is registering a CAGR of 17.5% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 19.1% during (2023 - 2030).

Free Valuable Insights: The Global Organic Rice Protein Market is Predict to reach $ 391.5 Million by 2030, at a CAGR of 17.5%

Based on Form, the market is segmented into Dry, and Liquid. Based on Product, the market is segmented into Isolates, Concentrates, and Others. Based on Application, the market is segmented into Sports & Energy Nutrition, Bakery & Confectionery, Meat Analogs & Extenders, Dairy Alternatives, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

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List of Key Companies Profiled

  • Axiom Foods, Inc.
  • GlobalRidge LLC (NutriBiotic)
  • Golden Grain Group Limited
  • The Green Labs LLC
  • North Coast Naturals
  • Kerry Group plc
  • A.COSTANTINO & C. SPA
  • Südzucker AG
  • ETChem
  • The Scoular Company

Asia Pacific Organic Rice Protein Market Report Segmentation

By Form (Volume, Tonnes, USD Million, 2019-2030)

  • Dry
  • Liquid

By Product (Volume, Tonnes, USD Million, 2019-2030)

  • Isolates
  • Concentrates
  • Others

By Application

  • Sports & Energy Nutrition
  • Bakery & Confectionery
  • Meat Analogs & Extenders
  • Dairy Alternatives
  • Others

By Country (Volume, Tonnes, USD Million, 2019-2030)

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
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