Australia Rice Protein Market 2018-2023 - Size, Trends, Competitive Analysis and Forecasts

  • ID: 4539076
  • Report
  • Region: Australia
  • 90 pages
  • Hypercube Insights
1 of 4


  • AIDP Inc.
  • Axiom Foods Inc.
  • Beneo-Palatinit GmbH
  • North Coast Naturals
  • Nutribiotic
  • Nutrition Resource Inc.
  • MORE
Australia is also amongst the developed nation and has various similarities in terms of economy, culture, and social aspect with the countries in the western region. The economy of the country is strong since many decades and has largely remain stable. Given the population of the country, the plant protein market in the country possess high market share when compared to other countries in the world. The rice protein industry has relatively low market share compared to other sources of protein such as soy, peas and whey proteins. The whey industry in the country is developed and is been heading towards the stage of maturity. While, the plant-based protein market is relatively new and the demand of plant-based products has mostly roused since last decade. The rice protein market revenue which is currently recorded at $1.42 million in 2018, is projected to increase rapidly to capture the value of $2.03 million by 2023, at a CAGR of 7.4% during 2018 to 2023.

In Australia, the population consuming plant-based diet has been ever increasing due to growing trend of veganism and vegetarianism in the country. Even the products such as biscuits, snacks, confectionery, spreads, breakfast items and sauces are found with the vegan label. Due to increase in demand of plant-based products, increasing manufacturers are already striving to expand their product portfolio which contains vegetarian ingredients. Another prominent trend in the country is growing consumption of proteins and protein based products. Both these factors have created a strong base for plant protein and thus rice protein market.

The food industry in the country has witnessed technological advancements in the last decade. The industry is very responsive to the changing consumer demands and innovating products accordingly. Increasing food and beverage manufacturers are strategizing to increase the usage of plant-based protein in the food and beverage items. This is one of the major factor for increasing application of rice protein in the food and beverage products. Currently market share of rice protein application in food and beverage industry stood at 25% and 14%, the market revenue of which is expected to grow at a CAGR of 7.7% and 7.4% respectively during 2018 to 2023.

The dietary supplement industry in the country is growing rapidly due to increase in consumption of supplement products. The trend of leading healthy lifestyle is also popular both among the young generation and middle-aged population. In addition, the health consciousness has been rising rapidly due to the rising awareness about risk of the obesity and overweight to the physical health. In terms of application segments, rice protein currently holds the market share of 39% across the dietary supplement industry. However, the availability of alternate proteins especially soy protein and pea protein are estimated to affect the market revenue of rice protein in the country.

Key Deliverables
  • Market trends since 2014 and five year forecasts of market growth
  • Detailed analysis of the micro and macro elements influencing demand trends
  • Identifying opportunity spaces across segments and countries
  • Supply & demand side trend and analysis
  • Price trend analysis, investment prospects and competition pattern
  • Insights on growth potential of the market
  • Detailed analysis of major producers covering financial investments & strategies adopted
  • Competitive landscape of the industry
Note: Product cover images may vary from those shown
2 of 4


  • AIDP Inc.
  • Axiom Foods Inc.
  • Beneo-Palatinit GmbH
  • North Coast Naturals
  • Nutribiotic
  • Nutrition Resource Inc.
  • MORE
1. Introduction
1.1 Research Methodology
1.2 Scope of the Study
1.3 Assumptions

2. Summary
2.1 Market Summary By Type
2.2 Market Summary By Application
2.3 Business Trends Summary

3. Industry Dynamics
3.1 Drivers
3.1.1 Growing demand for cheaper sources of plant based protein
3.1.2 Rising health consciousness especially in developing countries
3.1.3 Increasing demand for lactose-free, gluten free protein products
3.1.4 Strengthening demand for dietary Supplements
3.2 Restraints
3.2.1 Lack of commercially feasible extraction process
3.2.2 Growing threat from substitute products
3.2.3 Low awareness about the product
3.3 Opportunities
3.3.1 Growing applications in sports nutrition & weight management
3.3.2 Growth in functional food & nutraceuticals industry
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining power of Suppliers
3.4.2 Bargaining power of Buyers
3.4.3 Degree of Competition
3.4.4 Threat of Substitution
3.4.5 Threat of new entrants
3.5 Future Trends in Rice Protein Industry
3.6 Value Chain Analysis
3.7 Industry Policies & Regulations
3.8 Market Innovations

4. Market Size and Forecast
4.1 Market Share, Type
4.1.1 Rice Protein Isolate
4.1.2 Rice Protein Concentrate
4.1.4. Others
4.2 Market Share, Processing
4.2.1 Alkaline Extraction
4.2.2 Physical Extraction
4.2.3 Enzyme Assisted Extraction
4.2.4 Novel Techniques/Others
4.3 Market Share, Application
4.3.1 Food Infant Formula Confectionary Bakery Snacks Dairy Products Meat Products Others
4.3.2 Beverages
4.3.3 Dietary Supplements
4.3.4 Animal Feed
4.3.5 Others

5. Competitive Analysis
5.1 Market Share Analysis
5.2 Growth Strategies of leading players
5.3 Investment and Development Prospects
5.3.1 Investment in past five years
5.3.2 Investment Opportunities
5.4 Competition Pattern
5.4.1 Concentration Ratio
5.4.2 Industry Competition
5.5 Price Trend Analysis
5.5.1 Product Classifications and Their Prices
5.5.2 Factors Influencing Prices

6. Company Profiles
6.1 AIDP Inc.
6.2 Axiom Foods Inc.
6.3 Beneo-Palatinit GmbH
6.4 Bioway (Xi'an) Organic Ingredients Co. Ltd.
6.5 Golden Grain Group Limited
6.6 Jiangxi Golden Agriculture Biotech Co. Ltd.
6.7 North Coast Naturals
6.8 Nutribiotic
6.9 Nutrition Resource Inc.
6.10 Pure Food Company LLC
6.11 Ribus Inc.
6.12 Ricebran Technologies
6.13 Shaanxi Fuheng (FH) Biotechnology Co. Ltd
6.14 Shafi Gluco-Chem (Pvt.) Ltd.
6.15 The Green Labs LLC
6.16 Top Health Ingredients Inc.
6.17 Z-Company
Note: Product cover images may vary from those shown
3 of 4


4 of 4
  • AIDP Inc.
  • Axiom Foods Inc.
  • Beneo-Palatinit GmbH
  • Bioway (Xi'an) Organic Ingredients Co. Ltd.
  • Golden Grain Group Limited
  • Jiangxi Golden Agriculture Biotech Co. Ltd.
  • North Coast Naturals
  • Nutribiotic
  • Nutrition Resource Inc.
  • Pure Food Company LLC
  • Ribus Inc.
  • Ricebran Technologies
  • Shaanxi Fuheng (FH) Biotechnology Co. Ltd
  • Shafi Gluco-Chem (Pvt.) Ltd.
  • The Green Labs LLC
  • Top Health Ingredients Inc.
  • Z-Company
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown