Spain Rice Protein Market Size, Share, Opportunities, COVID-19 Impact, And Trends, By Source (Organic Rice Protein, Inorganic Rice Protein), By Product-Type (Protein Isolates, Protein Concentrates), By Application (Animal Feed, Cosmetics, Food & Beverage, Pharmaceutical, Others) And By Distribution Channel (Online, Offline) - Forecasts From 2022 To 2027

Published:  Sep 2022 Report Code: KSI061613205 Pages: 120

The Spain rice protein market is projected to grow at a CAGR of 7.49% during the forecast period, to reach a market size of US$4.617 million in 2027, from US$2.786 million in 2020.

Spain in general has obtained its source of nutrition through various means of traditional cookery.  Rapid industrialization, urbanization, and the ability to live in borderless states have resulted in a disconnect from traditional cooking. Thus, in the process, the urban citizens of the country have severed themselves from the source of naturally available sources of protein.

Consumers of developed economies find it increasingly difficult to fathom the quantum of nutrients that they receive from their daily food purchases, despite the food labelling adhered to by most food processors and manufacturers.

The convenient means of supplementing one’s diet with highly processed food has eventually led to high-calorie intake and resulted in several non-communicable diseases that are prevalent in affluent nations. Moreover, the improper balance of protein, fat, and carbohydrates has been increasingly linked with the development of chronic and systemic ailments. Easy access to food from supermarkets has distorted the very idea of what farm-to-fork once meant.  Thus, consumers are becoming increasingly aware of this exigency and are increasingly adding plant-based protein to their daily diet. According to the Ministry of Agriculture, Fisheries and Food, of the Government of Spain, the motives of consumers who are adhering to the vegan diet and are witnessing a change in attitudes towards animal agriculture are majorly due to concern towards animal welfare and environmental welfare. Anticipating higher revenue generation opportunities, Pevesa Biotech has developed a new rice protein concentrate called OryzaPro V80 that consists of 80% protein for extrusion applications. It is compatible with almost any soil matrix. It is also GMO-free, non-allergic, and vegan.

Products that are rich in rice-based protein are, for example, protein concentrates, protein isolates, milk, and so on. This is a recent phenomenon. Thus, Spain, with a keen interest in plant-based protein alternatives, is poised to witness steady growth in the rice protein market. This is particularly due to the growing awareness of various health issues that urbanites have succumbed to in today’s growing urban agglomeration. Furthermore, there is a global awareness of the environmental ramifications of the activities pertaining to animal husbandry. This is inclusive of but not limited to the growing greenhouse gas (GHG) emissions that are eventually leading to global warming and climate change. Further, rice is hypoallergenic and is the first cereal that is fed to infants as an introduction to solid food in their lives. In view of the above, rice protein products as an integral part of formulating infant food are also set to drive the growth of the Spanish rice market significantly during the forecast period.

Additionally, with the rise in vegan dietary trends, substituting meat as a source of protein with rice protein is expected to further drive the Spanish market for rice-based protein. Moreover, there has been an increasing potential for health benefits related to rice-based protein consumption. In terms of plant-based consumption in general, Spain has reached a distinct maturity. Horchata de chufa, a beverage, consumes the majority of the whole plant-based milk.  Additionally, Mercadona, the number one supermarket in Spain, has been proactively offering milk alternatives for quite some time now. The health benefits related to rice protein consumption and the awareness of health-conscious consumers are expected to drive the growth of the market for rice protein in Spain as well.

Recent development and expansions

  • Kerry acquired Pevesa Biotech, a Spanish company that specialises in non-allergenic and organic plant protein ingredients for infant, general, and clinical nutrition, in February 2020. Kerry has been expanding its presence in the market for plant-based protein ingredients, and the acquisition of Pevesa is part of that strategy. The Spanish company not only brings patented technology to the non-allergenic plant protein market, but it also has expertise in organic and conventional biofertilizers for fruit, olive, and specialist garden producers.

COVID-19 impact on the Spain Rice Protein Market

The COVID-19 pandemic has had a significant impact on the rice protein market in Spain. The persistence of COVID-19 for an extended period of time disrupted the supply chain. The manufacturers were unable to obtain raw materials for rice protein, causing the manufacturing process to halt. End-users of rice protein, such as the sports & energy nutrition, bakery & confectionery, beverages, and dairy alternative industries, expect a decline in the market during the COVID-19 pandemic due to restrictions, de-globalization, loss of income, restrictions on product import and export, and restrictions on raw material supply, among other things. All of these factors have had a negative impact on the market supply chain.

Spain Rice Protein Market Scope:

Report Metric Details
 Market Size Value in 2020  US$2.786 million
 Market Size Value in 2027  US$4.617 million
 Growth Rate  CAGR of 7.49% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Million
 Segments Covered  Source, Product Type, Application, And Distribution Channel
 Companies Covered BENEO-Palatinit GmbH, THE PROTEIN WORKS™, Weider Nutrition, S.L, PEVESA, Bioway (Xi'An) Organic Ingredients Co., Ltd
 Customization Scope  Free report customization with purchase

 

Market Segmentation

  • 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
1. Introduction
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2. Research Methodology  
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis

5. Spain Rice Protein Market, By Source
5.1. Introduction
5.2. Organic
5.3. Inorganic

6. Spain Rice Protein Market, By Product Type
6.1. Introduction
6.2. Isolates
6.3. Concentrates

7. Spain Rice Protein Market, By Application
7.1. Introduction
7.2. Animal Feed
7.3. Cosmetics
7.4. Food & Beverages
7.5. Pharmaceutical
7.6. Others

8. Spain Rice Protein Market, By Distribution Channel
8.1. Introduction
8.2. Online
8.3. Offline

9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix

10. Company Profiles 
10.1. BENEO-Palatinit GmbH
10.2. THE PROTEIN WORKS™
10.3. Weider Nutrition, S.L
10.4. PEVESA
10.5. Bioway (Xi'An) Organic Ingredients Co.,Ltd

BENEO-Palatinit GmbH

THE PROTEIN WORKS™

Weider Nutrition, S.L

PEVESA

Bioway (Xi'An) Organic Ingredients Co.,Ltd

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