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Mar 25, 2022, 09:00 ET
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NEW YORK, March 25, 2022 /PRNewswire/ — The global organic rice protein market size is expected to reach USD 429.6 Million in 2030 and register a revenue CAGR of 18.1% during the forecast period, according to latest report by Reports and Data. Rising demand for organic rice protein among consumers as a lactose-free and gluten-free protein source and increasing adoption of healthy lifestyles are some key factors driving market revenue growth.
There is high demand for brown or organic rice among health enthusiasts. People are nowadays becoming more health conscious, and so they are opting for organic rice to avoid side effects of insecticides and pesticides. Additionally, increasing demand for rice protein in food and beverages, such as protein shakes and protein-enriched yogurts and spreads, is expected to boost revenue growth of the market between 2021 and 2030.
There is increasing demand for organic rice protein in the sports industry due to its lactose-free and gluten-free properties, which is expected to boost growth of organic rice protein market in near future. Intake of protein is necessary for athletes due to its beneficial properties, such as its ability to repair muscle breakdown caused by intense training and workout. Rice protein products can also help athletes to reduce their appetite and calorie intake, which is another factor expected to increase demand for protein ingredients in the sports industry over the forecast period.
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However, challenges in the cultivation of organic rice can restrain growth of the market. Cultivation of organic rice can be affected by climate change caused by global warming, which can have an adverse effect on the organic rice protein market. Concerns regarding harmful toxins such as lead, mercury, arsenic, and cadmium in rice protein supplements, which can lead to cancer and other diseases, is another factor expected to hamper market growth to some extent over the forecast period. Moreover, the Covid-19 outbreak has caused major disruptions in the supply chain of organic rice protein products, which has hampered growth of the market significantly.
Some Key Highlights in the Report
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For this report, Reports and Data has segmented the global organic rice protein market based on protein type, form, application, and region:
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