Europe Rice Protein Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Rice Protein Market Analysis
The European rice protein market is projected to register a CAGR of 5.5%, during the forecast period of 2020-2025.
- The rice protein market is driven by the rising inclination toward vegan diets, functional efficiency, the cost competitiveness offered by plant protein products, and their increasing utilization in a wide variety of processed foods, especially in the ready-to-eat products category.
- Moreover, the mild flavor of rice protein is similar to the cream of rice cereal, which has found its application in beverages, as sprinkler on cereals and yogurts. It can also be added to cooked dishes to boost the protein content without adding any calorie or fat to the product, which is boosting the sales of rice protein.
Europe Rice Protein Market Trends
This section covers the major market trends shaping the Europe Rice Protein Market according to our research experts:
Paradigm Shift in Consumer Preferences
The rice protein market is yet to experience optimal growth in Europe, owing to the changing demographics and growing veganism in the region. The nutrition-conscious population is aware of the health benefits derived from plant proteins over animal proteins. Food manufacturers are, in turn, taking advantage of high protein and meat-free foods. Plant protein exhibits beneficial properties in terms of weight management, heart health, and biological availability. Therefore, owing to the increasing inclination toward the vegan source of protein, there is great potential for the rice protein market in the region.
France is the Fastest Growing Market in the European Rice Protein Market
The increasing preference toward healthy foods is the major factor that is driving the rice
protein market in France. The decrease in the consumption of animal protein, due to various intolerances, is also a factor leading to the growth of the rice protein market in Europe. There is significant support from the governments for the production and consumption of plant protein, such as rice, as they require fewer natural resources to derive the same protein level. Rice-based proteins are the most popular plant protein in France. Major players are expanding their product ranges by introducing proteins from new sources of plants, and more players are entering the market to expand their bases.
Europe Rice Protein Industry Overview
The market for rice protein in Europe is highly competitive, with innovation in products being a major strategic approach adopted by the leading players. This trend is likely to continue in the future, as the established players seek to garner increased market shares. Some of the major players in the European rice protein market are Kerry Group (PEVESA), Euroduna Food Ingredients GmbH, Nagase America Corporation (Prinova Group LLC), Südzucker AG (BENEO), and AIDP, among others.
Europe Rice Protein Market Leaders
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Kerry Group (PEVESA)
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Euroduna Food Ingredients GmbH
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Nagase America Corporation (Prinova Group LLC)
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Südzucker AG (BENEO)
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AIDP
*Disclaimer: Major Players sorted in no particular order
Europe Rice Protein Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Product Type
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5.1.1 Rice Protein Isolates
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5.1.2 Rice Protein Concentrates
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5.1.3 Other Product Types
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5.2 Application
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5.2.1 Food Ingredients
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5.2.1.1 Energy and Sports drink
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5.2.1.2 Meat Products
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5.2.1.3 Beverages
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5.2.1.4 Bakery and Confectionery
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5.2.1.5 Ready-to-eat Food
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5.2.2 Dietary Supplements
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5.2.3 Animal Feed
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5.3 Geography
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5.3.1 United Kingdom
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5.3.2 Germany
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5.3.3 France
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5.3.4 Russia
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5.3.5 Italy
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5.3.6 Spain
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5.3.7 Rest of Europe
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Position Analysis
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6.4 Company Profiles
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6.4.1 Kerry Group (PEVESA)
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6.4.2 Euroduna Food Ingredients GmbH
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6.4.3 Nagase America Corporation (Prinova Group LLC)
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6.4.4 Sudzucker AG (BENEO)
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6.4.5 AIDP
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6.4.6 Axiom Foods Inc.
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6.4.7 Golden Grain Group Limited
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6.4.8 Z-Company
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Rice Protein Industry Segmentation
The European rice protein market is segmented by product type, application, and geography. By product type, the market is segmented into rice protein isolates, rice protein concentrates, and other product types. By application, the market is segmented into food ingredients, dietary supplements, and animal feed. By geography, the study provides an analysis of the rice protein market in the emerging and established markets across the region, including the United Kingdom, Germany, France, Russia, Italy, Spain, and Rest of Europe.
| Product Type | |
| Rice Protein Isolates | |
| Rice Protein Concentrates | |
| Other Product Types |
| Application | |||||||
| |||||||
| Dietary Supplements | |||||||
| Animal Feed |
| Geography | |
| United Kingdom | |
| Germany | |
| France | |
| Russia | |
| Italy | |
| Spain | |
| Rest of Europe |
Europe Rice Protein Market Research FAQs
What is the current Europe Rice Protein Market size?
The Europe Rice Protein Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)
Who are the key players in Europe Rice Protein Market?
Kerry Group (PEVESA), Euroduna Food Ingredients GmbH, Nagase America Corporation (Prinova Group LLC), Südzucker AG (BENEO) and AIDP are the major companies operating in the Europe Rice Protein Market.
What years does this Europe Rice Protein Market cover?
The report covers the Europe Rice Protein Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Rice Protein Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Rice Protein Industry Report
Statistics for the 2023 Europe Rice Protein market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Rice Protein analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
