New York, NY, May 12, 2017 --(PR.com
)-- 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,” the 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. The 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 factors are anticipated to propel demand for rice protein in the country in the coming years.
Browse 4 market data Tables and 24 Figures spread through 83 Pages and an in-depth TOC on "United States Rice Protein Market"
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.
“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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