US Rice Protein Market to Grow at CAGR 17% till 2022
Growing
demand for vegan dietary supplements, increasing obesity rate among people and
rising focus towards a healthier lifestyle to propel US rice protein market
through 2022
According to a recently released TechSci
Research report, “United
States Rice Protein Market
By Product Type, By Application, By Point of Sale, Competition Forecast &
Opportunities, 2012-2022”, rice
protein market in the United States is forecast to exhibit a CAGR of over 17%
during 2017–2022. Rice proteins are primarily used as an ingredient in
vegan sports and energy supplements, as well as across various industries, such
as beverage, bakery, confectionary and beauty/cosmetics. United States obesity
rate has been on a rise and this trend is anticipated to continue in the coming
years as well. In 2015, more than two-thirds of the adults in the US were
estimated to be overweight and around one person
among 20 people were extremely obese. Thus, a rising number of people in the country
are increasingly becoming more conscious towards adopting a healthier lifestyle,
which is leading to higher consumption of various health supplements. These aforementioned factors are anticipated
to propel demand for rice protein in the country in the coming years.
United
States Rice Production, By Select State, 2014-2016 (1000 cwt)
Source: U.S. Department of
Agriculture
Browse 4 market data
Tables and 24 Figures spread through 83 Pages and an in-depth TOC on "United
States Rice Protein Market"
https://www.techsciresearch.com/report/united-states-rice-protein-market-by-product-type-isolates-concentrates-etc-by-application-meat-extenders-and-analogs-etc-by-point-of-sale-drug-stores-pharmacies-hypermarkets-supermarkets-etc-competition-forecast-opportunities/959.html
West region dominated the
United States rice protein market over the past few years and the region is
anticipated to continue dominating the market through the forecast period as
well. Growth in the rice protein market in the region during the forecast
period can be attributed to changing
customer lifestyle, rising demand for vegan dietary supplements and growing
medical application of rice protein. United States rice protein market
was dominated by rice protein isolates in 2016, due to their extensive
application in industrial as well as commercial sectors. Moreover, rice protein
isolates are relatively more pure form of rice protein, and can also be used as
a flavor and texture additive in beverages.
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“United
States rice protein market grew at a significant pace over the past few
years, owing to rising customer awareness and increasing obesity rate in the
country. Moreover, growing number of people in the US are increasingly
emphasizing on health and fitness, thereby fueling demand for health
supplements. Furthermore, a number of companies are increasingly investing in
research & development, to further enhance the protein content in rice,
coupled with innovative and aggressive marketing strategies being adopted by
leading companies in the market. All these factors are expected to propel
United States rice protein market during 2017 - 2022”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“United
States Rice Protein Market By Product Type, By Application, By Point of Sale,
Competition Forecast & Opportunities, 2012-2022” has evaluated the future growth potential of
rice protein market and provides statistics and information on market
structure, size, share and future growth. The report is intended to provide
cutting-edge market intelligence and help decision makers to take sound
investment evaluation. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities
present in the United States rice protein market.
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