Rice Protein Market Size

Rice Protein Market size was over USD 801.47 million in 2023 and is poised to cross USD 1.35 billion by the end of 2036, growing at more than 4.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of rice protein is estimated at USD 827.76 million.

One of the primary growth drivers for the market is the surge in production of food products in the global food and beverage industry. As per our analysis, the food & beverages industry’s revenue is estimated to grow by more than 15% by the end of 2022. Moreover, it is assessed that people now are consuming more functional foods such as energy drinks, dietary supplements, and energy bars, which is anticipated to contribute to the growth of the market. In addition to that, such foods are considered to be effective alternatives to other plant-based products owing to their high composition of amino acids, which is estimated to increase the demands of these products, and in turn drive the market growth. The market is also thriving on account of the growing awareness for protein content in white and brown rice, along with the rising demand for the protein powder of rice amongst the food manufacturers for manufacturing different food products.