MEA Rice Protein Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.76 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Rice Protein Market Analysis
The Middle East & Africa rice protein market is anticipated to witness a CAGR of 5.76% during the forecast period (2020 - 2025).
- The changing consumer lifestyles, evolving eating habits, and rigorous R&D on increasing demand for natural ingredients due to increasing consumer awareness are the prime reasons for the inflated demand for rice protein in the region.
- The health benefits associated with the rice protein also plays a vital role in the growth of the market and its increased application.
- The lifestyle modification has led to the consumers swaying away from conventional protein sources like whey, wheat protein, and soy protein that often lead to allergies to safer protein options in order to compensate for the daily required protein intake. Thus, the rising demand for less allergy-causing ingredients in processed foods is expected to drive the market in the region well in near future.
MEA Rice Protein Market Trends
This section covers the major market trends shaping the MEA Rice Protein Market according to our research experts:
The Popularization of Functional Foods is Likely to Foster the Market Growth
Brown rice protein is hypoallergenic and its appeal is because of the easy digestibility. Different protein sources are digested and metabolized at various rates. Brown Rice Protein gets to work quickly making it ideal for post-workout recovery. Unlike some vegan protein sources which may have strong and distinctive flavors that may be difficult for some users, rice protein powder has a very subtle and familiar taste that makes it suitable to be used in a variety of functional food products to improve their nutritional profile.
Moreover, it contains high amounts of many essential amino acids and also promotes blood sugar balance. Brown Rice protein is also a powerful anti-oxidant which further makes it worth incorporating into different food products. Thus, to analyze the caliber of the ingredient, the market is likely to witness considerable growth in the near future with extensive application in functional food and beverages which are gaining popularity in the Gulf countries.
Saudi Arabia's Share Dominates the Regional Market
Saudi Arabia is a country of a strong economy and the consumers have a high disposable income. The young adults of the country are economically stable and are much interested to try new and healthier food products, being under a strong influence of the Western culture. The per capita income is high which allows the people to indulge in the frequent purchasing of premium products and functional foods. Moreover, the growing health consciousness in the country has led to a rise in the number of gym-goers. Correspondingly, the demand for protein supplements has risen, driving the market of rice protein, in turn.
MEA Rice Protein Industry Overview
The Middle East & Africa Rice Protein Market is fragmented in nature having several regional and multinational players competing for market share. Emphasis is on the geographical expansions and product innovation primarily. Moreover, partnerships and mergers and acquisitions are also considered as an effective means of strengthening the brand value.
The manufacturers are indulged in new product development as a strategic approach to develop versatile rice protein solutions that can be utilized in multiple applications. Also, one of the main targets of the manufacturers is to encourage the use of rice protein and promote its benefits so that consumers can accept rice protein-based products more readily. Thus, the overall market of rice protein has good potential in the region and offers plenty of opportunities for the manufacturers to experiment on, to enhance their market reputation.
MEA Rice Protein Market Leaders
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Axiom Foods, Inc
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Bioway (Xi'an) Organic Ingredients Co., Ltd.
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Golden Grain Group Ltd.
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Shafi Gluco Chem Pvt., Ltd
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RiceBran Technologies
*Disclaimer: Major Players sorted in no particular order
MEA Rice Protein Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables & Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Product Type
- 5.1.1 Rice Protein Isolate
- 5.1.2 Rice Protein Concentrate
- 5.1.3 Others
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5.2 By Application
- 5.2.1 Food and Beverages
- 5.2.2 Dietary Supplements
- 5.2.3 Animal Feed
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5.3 By Geography
- 5.3.1 Saudi Arabia
- 5.3.2 South Africa
- 5.3.3 Rest of the Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Position Analysis
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6.3 Company Profiles
- 6.3.1 Axiom Foods, Inc
- 6.3.2 AIDP Inc.
- 6.3.3 Bioway (Xi'an) Organic Ingredients Co., Ltd.
- 6.3.4 Golden Grain Group Ltd.
- 6.3.5 RiceBran Technologies
- 6.3.6 Shafi Gluco Chem Pvt., Ltd
- 6.3.7 Pure Foods Company LLC
- 6.3.8 Top Health Ingredients Inc.
- 6.3.9 Nutribiotic
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
MEA Rice Protein Industry Segmentation
The Middle East & Africa rice protein market is segmented by product type rice protein isolate, rice protein concentrate, and others. Based on the application, the market is segmented as food and beverages, dietary supplements, and animal feed. The market is also classified by geography into Saudi Arabia, South Africa, and the Rest of the Middle East and Africa.
| By Product Type | Rice Protein Isolate |
| Rice Protein Concentrate | |
| Others | |
| By Application | Food and Beverages |
| Dietary Supplements | |
| Animal Feed | |
| By Geography | Saudi Arabia |
| South Africa | |
| Rest of the Middle East and Africa |
MEA Rice Protein Market Research FAQs
What is the current Middle East & Africa Rice Protein Market size?
The Middle East & Africa Rice Protein Market is projected to register a CAGR of 5.76% during the forecast period (2024-2029)
Who are the key players in Middle East & Africa Rice Protein Market?
Axiom Foods, Inc, Bioway (Xi'an) Organic Ingredients Co., Ltd., Golden Grain Group Ltd., Shafi Gluco Chem Pvt., Ltd and RiceBran Technologies are the major companies operating in the Middle East & Africa Rice Protein Market.
What years does this Middle East & Africa Rice Protein Market cover?
The report covers the Middle East & Africa Rice Protein Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle East & Africa Rice Protein Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Middle East & Africa Rice Protein Industry Report
Statistics for the 2024 Middle East & Africa Rice Protein market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle East & Africa 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.
