The European rice protein market is anticipated to grow at a CAGR of 6.0% over the forecast period. The UK, Germany, France, Italy, and Spain are the major economies contributing to the growth of the European rice protein industry. The major factor that enhanced the growth of the market is the paradigm shift in consumer preferences towards the adoption of healthy food products and becoming vegan.
There has also been an increasing trend of the consumption of allergen- and gluten-free, easy to digest, and earth-friendly products which led the manufacturers to develop and more emphasis on such products. Hence, this again is a major aspect that ramps up the growth of the European rice protein market over the forecast period.
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Besides, various health properties possessed by these plant-based proteins over animal-based proteins also upsurged market growth. The plant-based protein exhibits beneficial properties in terms of heart health, weight management, as well as biological availability over the animal-based proteins. Hence, owing to the shift of the consumers towards the vegan source of protein creates ample opportunities for the rice protein market growth over the forecast period. Further, increased use of rice protein in other end-use applications such as cosmetics and pharmaceutical products also supports the European rice protein market growth over the forecast period.
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Market Coverage
- Market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Form and By End-Use Applications
- Regions Covered- Europe
- Competitive Landscape- Axiom Foods Inc., Eurodona Food Ingredients GmbH, Kerry Group Plc, Prinova Group LLC, and Südzucker AG (BENEO GmbH)
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in base year?
- Which segment will project fastest growth in the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
European Rice Protein Market – Segmentation
By Form
- Isolates
- Concentrates
- Hydrolysates
By End-Use Application
- Food & Beverage
- Animal Feeds
- Pharmaceutical
- Cosmetics
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
