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Europe Rice Protein Market Size (2024 - 2029)

The European rice protein market is experiencing growth driven by the increasing popularity of vegan diets and the functional benefits of plant-based proteins. This market expansion is supported by the cost advantages of rice protein products and their growing use in various processed foods, particularly ready-to-eat items. The neutral taste of rice protein enhances its application in beverages and as a topping for cereals and yogurts, as well as in cooked dishes to enrich protein content without adding calories or fat, further contributing to the market's growth.

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Market Size of Europe Rice Protein Industry

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

Europe Rice Protein Market Companies

*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 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
Food Ingredients
Energy and Sports drink
Meat Products
Beverages
Bakery and Confectionery
Ready-to-eat Food
Dietary Supplements
Animal Feed
Geography
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
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Europe Rice Protein Market Size Summary

The European rice protein market is experiencing a notable expansion, driven by a growing shift towards vegan diets and the functional benefits of plant-based proteins. The cost-effectiveness of rice protein products and their versatile application in processed foods, particularly in ready-to-eat categories, are significant contributors to this growth. The mild flavor of rice protein, akin to that of cream of rice cereal, enhances its appeal for use in beverages, cereals, and yogurts, as well as in cooked dishes to increase protein content without adding calories or fat. This trend is further supported by a rising awareness of the health benefits of plant proteins over animal proteins, as well as the increasing demand for high-protein, meat-free food options among the nutrition-conscious population in Europe.

In France, the rice protein market is particularly buoyant due to a heightened preference for healthy foods and a decline in animal protein consumption, driven by various intolerances. Government support for plant protein production and consumption, such as rice, underscores its environmental benefits, requiring fewer natural resources to achieve similar protein levels. The market is characterized by intense competition, with major players like Kerry Group, Euroduna Food Ingredients GmbH, and Südzucker AG focusing on product innovation to capture greater market share. This competitive landscape is expected to persist, with established companies continuing to expand their product offerings and new entrants seeking to establish a foothold in the market.

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Europe Rice Protein Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Rice Protein Isolates

      2. 2.1.2 Rice Protein Concentrates

      3. 2.1.3 Other Product Types

    2. 2.2 Application

      1. 2.2.1 Food Ingredients

        1. 2.2.1.1 Energy and Sports drink

        2. 2.2.1.2 Meat Products

        3. 2.2.1.3 Beverages

        4. 2.2.1.4 Bakery and Confectionery

        5. 2.2.1.5 Ready-to-eat Food

      2. 2.2.2 Dietary Supplements

      3. 2.2.3 Animal Feed

    3. 2.3 Geography

      1. 2.3.1 United Kingdom

      2. 2.3.2 Germany

      3. 2.3.3 France

      4. 2.3.4 Russia

      5. 2.3.5 Italy

      6. 2.3.6 Spain

      7. 2.3.7 Rest of Europe

Europe Rice Protein Market Size FAQs

The Europe Rice Protein Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)

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.

Europe Rice Protein Market Report Snapshots

Europe Rice Protein Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)