Market Size of Europe Rice Protein Industry
| 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 |
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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 | |||||||
| |||||||
| Dietary Supplements | |||||||
| Animal Feed |
| Geography | |
| United Kingdom | |
| Germany | |
| France | |
| Russia | |
| Italy | |
| Spain | |
| Rest of Europe |
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.
Europe Rice Protein Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Rice Protein Isolates
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2.1.2 Rice Protein Concentrates
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2.1.3 Other Product Types
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2.2 Application
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2.2.1 Food Ingredients
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2.2.1.1 Energy and Sports drink
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2.2.1.2 Meat Products
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2.2.1.3 Beverages
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2.2.1.4 Bakery and Confectionery
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2.2.1.5 Ready-to-eat Food
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2.2.2 Dietary Supplements
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2.2.3 Animal Feed
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2.3 Geography
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2.3.1 United Kingdom
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2.3.2 Germany
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2.3.3 France
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2.3.4 Russia
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2.3.5 Italy
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2.3.6 Spain
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2.3.7 Rest of Europe
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Europe Rice Protein Market Size 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.
