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Rice Protein Market size was above USD 60 million in 2016 and industry expects to surpass 20 kilo tons by 2024<br><br>Get more details @ https://goo.gl/MKEKpa
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Rice Protein Market to reach $115 million by 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024
KeyInsights from Rice Protein Market : • Over the past decade, the growth of veganism has increased exponentially. The proliferation of rice protein market can be strongly grounded to this changing demographic preference. Attesting to this strong backdrop, global vegan population in 2016 crossed almost 360 million, with the United States accounting for a major ratio. According to a reliable study- almost 3% of the U.S. population (around 7.5 million Americans) follow a vegetarian based diet, out of which approx. • 1 million fall under the category of active vegans. These aforementioned statistics is quite an evidence to the escalating rice protein market demand in recent years. Vegans are becoming increasingly health conscious and are including vegetable proteins as nutritional supplements in their staple diet, subsequently impelling commercialization of Rice Protein Market.
Continued... • Penetrating a diversified application landscape, encompassing sports and energy nutrition, meat analogues & extenders, animal feed, bakery and confectionary, cosmetic, and pharmaceutical sectors, rice protein market is forecast to almost double its revenue collection in the coming seven years, from USD 60 million in 2016 to over USD 115 million by 2024. Research has indeed proved that intake of this value added nutritional supplements can prove to be more healthy and environmental friendly, subject to the fact that these vegetarian protein isolates maintains cholesterol and blood sugar level. In this regard, it is important to note that growing consciousness amongst global youth regarding maintaining a good physique is providing a significant push to rice protein market growth.
U.S. Inorganic Rice Protein Market Size, By Application, 2016 & 2024, (USD Million)
Browse Full Market Research Report On Rice Protein Market @ https://goo.gl/MKEKpa Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/1980
360° Analysis • Application Trends • Organic rice protein market size should exceed USD 60 million by 2024. It is extensively used in various energy supplements and bakery items owing to its nutritional value and high functional properties. Rising confectionery, bakery and sports & energy drinks along with increase in gluten free, vegan and non-GMO products may propel industry growth. • Regional Trends • Europe rice protein market size, driven by Germany, France and UK should witness gains at over 7%. Strong emphasis on healthier lifestyle along with increased demand of gluten and allergen free products should stimulate regional growth. Manufacturers comply with safety standards and focus on providing allergen and gluten free products. • Competitive Market Share • Global rice protein market share is moderately consolidated. RiceBran Technologies, Nutrition Resource Inc., Axiom Foods Inc., AIDP Inc., Nutribiotic and North Coast Naturals are the prominent industry players.
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