Rice Protein Market Estimated to grow at a CAGR of 11.08% between 2018 to 2024

Knowledge Sourcing Intelligence announces the publication of a new report on "Rice Protein Market - Forecasts from 2019 to 2024" to their offering. Rice Protein is a type of a plant-based protein that is consumed as a replacement for the animal-based proteins available. It has a good taste and a balanced amino acid profile, reduces the cholesterol levels in the body and has other benefits.

According to the report, the Rice Protein Market is projected to expand at an impressive CAGR of 11.08% over the forecast period 2018-2024. The consumption of animal-based protein has adverse effects on health, which is causing the people to shift their consumption and preference to protein sourced from plant sources. This is resulting in a rise in the demand for plant-based protein products, which is leading to an increase in the growth of the market. Moreover, the rapid expansion of the food and beverage industry in order to cater to the changing tastes and preferences of people is going to drive the growth of the market over the forecast period. However, the market growth is going to be restrained due to the presence of substitutes in plant-based protein products such as soy, algae, oat among others.

Based on the application, dietary supplements are expected to hold a significant share in the market over the forecast period, which is attributable to the fact that protein plays an important role in the diet of individuals to maintain a balanced diet and good health.

Furthermore, the growing investments by the government and the market players to enhance the quality of plant-based protein and to encourage its usage is going to bolster the market further over the forecast period.

Some of the major players covered as part of the report are Axiom Foods Inc, RiceBran Technologies, Bioway (Xi'an) Organic Ingredients Co., Ltd, Top Health Ingredients Inc., Pure Food Company LLC, and North Coast Naturals among others.

This report segmented the Rice Protein Market on the basis following terms
o By Type
o Isolates
o Concentrates

o By Application
o Food and Beverages
o Dietary Supplements
o Animal Feed

o By Geography
o North America
o USA
o Canada
o Mexico

o South America
o Brazil
o Argentina
o Others

o Europe
o Germany
o France
o United Kingdom
o Spain
o Others

o Middle East and Africa
o Saudi Arabia
o Israel
o UAE
o Others

o Asia Pacific
o Japan
o China
o India
o Australia
o Others

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/rice-protein-market

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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on the niche and latest technologies. We engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

This release was published on openPR.