Rice protein is a type of protein substance that is obtained from the rice. It The rice protein is a vegan form of protein, which is considered a form of an alternative source to whey or soy protein products. It offers its application across multiple industries, which includingbaby food, food and beverages, and cosmetics, among others.
Increasing childbirth in the nation is also among the key factors propelling the rice protein market's growth in the UK. The rice protein is the most common and better alternatives to milk products for infants allergic to lactose. It is also a source of vegan protein, which offers multiple health benefits. The Office of National Statistics, in its report, stated that in 2023, a total of 591,072 live births were recorded in England and Wales. Meanwhile, the National Records for Statistics of Scotland stated that in 2023, 45,935 live births were recorded.
United Kingdom rice protein market drivers
Growing nation's cosmetics demand
A major factor pushing the demand for rice protein in the nation is the increasing retail sales of cosmetics products. The sales of cosmetics witnessed significant growth in the UK's market in the past few years. In the cosmetics industry, rice protein is used as a moisturizing agent, that helps in improving the strength of the hair and providing skin hydration.The Cosmetic, Toiletry, and Perfumery Association of the UK stated that the retail sales of cosmetics products in the nation grew by 9.7% in 2023 from 2022. The association stated that in 2022, the total sales of skincare andhaircarewere recorded at GBP 2,142,249 thousand and GBP 1,205,695 thousand respectively. The sales of the skincare and haircare market increased to GBP 2,395,161 thousand and GBP 1,400,814 thousand, respectively, in 2023.
Reasons for buying this report:
- Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub-segments.
- Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
- Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
- Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
- Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive IntelligenceReport Coverage:
- Historical data & forecasts from 2022 to 2030
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
The United Kingdom rice protein market is segmented and analyzed as below:
By Source
- Organic rice protein
- Inorganic rice protein
By Product Type
- Protein Isolates
- Protein Concentrates
By Application
- Animal Feed
- Cosmetics
- Food & Beverages
- Pharmaceutical
- Others
By Distribution Channel
- Online
- Offline
Table of Contents
Companies Mentioned
- BULK POWDERS
- Indigo Herbs Ltd .
- Impact Foods International Ltd.
- Pulsin Ltd.
- Young Chemist
- Phil Richards Nutrition Lab
- KoRo
- Golden Greens Organic Ltd .
- Roquette Feres
- The BakeRite Company
- Axiom Foods Inc
- Kerry Group (PEVESA)
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 98 |
Published | December 2024 |
Forecast Period | 2025 - 2030 |
Estimated Market Value ( USD | $ 24.39 Million |
Forecasted Market Value ( USD | $ 35.91 Million |
Compound Annual Growth Rate | 8.0% |
Regions Covered | United Kingdom |
No. of Companies Mentioned | 12 |