The North American rice protein market is anticipated to grow at a CAGR of 5.8% over the forecast period (2020-2026). The US and Canada are two major economies contributing to the growth of the North American rice protein industry over the forecast period. The key factor that drives the growth of the market is the inclination of the people towards the adoption of plant-based protein products. The shift of the consumers towards the vegan diet has encouraged the consumers to opt for these plant-based protein products, which in turn, contributed to the growth of the market in the North American region over the forecast period.
Browse the full report description North America Rice Protein Market Size, Share & Trends Analysis Report by Form (Isolates, Concentrates, and Hydrolysates), By End-Use Application (Food & Beverage, Animal Feeds, Pharmaceutical, and Cosmetics), and Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/north-american-rice-protein-market
There has been an increase in the vegan population across the region. For instance, as per the survey conducted by Dalhousie University Canada, in 2018, nearly 9.4% of Canadian adults considered themselves vegetarians and the other 0.85 million people consider themselves vegan. These numbers are likely to increase in the near future owing to the rising trends of veganism, which in turn, is likely to contribute to the growth of the market over the forecast period. Besides, the presence of the key players operating in the market also supports the growth of the market, as these products adopt several organic and inorganic growth strategies to thrive in the competitive market over the forecast period.
Market Coverage
Key questions addressed by the report
North America Rice Protein Market – Segmentation
By Form
By End-Use Application
North America Rice Protein Market – Countries Covered
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