According to the market report “Rice Protein Market in Europe 2018-2023” by Business Wire, the value of the rice protein market in Europe is 13.5 million US dollars. A further report has now provided a deeper insight into the global rice protein market by presenting a comprehensive forecast of market growth between 2017 and 2026.
Both reports confirm the assumption that the increase in veganism is a major driver of rice protein market growth. The growing vegan population, in conjunction with the increased emphasis on organic and natural food ingredients, has had a major impact on rice protein sales.
Rice protein can be obtained from both brown and white rice. Its high amino acid content makes it ideal for pharmaceutical and medical applications. The research highlights the potential for consumer base expansion and improved rice protein exposure in the global food industry. The report is primarily intended for rice protein producers, who can use the results to develop methods with which they can expand their business worldwide beyond the usual margins.