Rice Protein Based Infant Formula Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 10.1% from 2024 to 2030.
During 2018 to 2022, manufacturers increasingly focused on expanding their product portfolios to cater to the specific needs of infants with allergies or sensitivities to common allergens like soy, dairy, or gluten. As a result, the rice protein-based infant formula market grew steadily, backed by improvements in product formulations and advancements in protein processing technologies. In addition, collaborations between brands and healthcare professionals helped boost the credibility of rice protein as a safe and beneficial ingredient for infant formulas. However, despite the gains, competition from other plant-based protein sources like pea protein remained a challenge for the rice protein segment.
Looking ahead to the period from 2023 to 2033, the rice protein-based infant formula market is expected to experience continued growth, albeit at a more moderate pace compared to the previous years. As more parents and caregivers prioritize specialized nutrition for infants, the demand for non-dairy, non-soy options will keep driving the market. With a rising number of health-conscious parents and a broader trend of rejecting traditional formula sources, the future demand for rice protein-based formulas is predicted to remain strong, though it may face challenges from competing plant proteins that may emerge in the coming years.
Consumer preferences in the upcoming decade will also be heavily influenced by concerns over sustainability and the environmental impact of production processes. The plant-based formula market is poised to benefit from these trends, as rice protein, a sustainable and renewable resource, aligns with these growing demands. As such, manufacturers will likely continue to innovate with new product offerings, focusing on nutritional enhancement, clean labels, and traceability to meet consumer expectations. Meanwhile, the market’s future growth will be shaped by factors like global economic conditions, government regulations, and emerging healthcare trends.
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The rice protein-based infant formula market has witnessed a significant shift between 2018 to 2022, with increasing demand for plant-based, dairy-free alternatives in infant nutrition. Rising awareness about lactose intolerance and the growing preference for vegan diets played a pivotal role in shaping this market segment. Moreover, the demand for hypoallergenic formulas made with rice protein offered new growth opportunities during this period. Rice protein, known for its digestibility and mild nature, became an attractive option for parents seeking alternatives to cow milk-based formulas. This change in consumer behavior, combined with increasing awareness of the nutritional benefits of rice protein, led to substantial market growth globally.
Bayer
Biolab
Lactalis International
Kate Farms
La Mandorle
Laboratorios Ordesa
Nucitec
Bayer
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Rice Protein Based Infant Formula Market
0-6 Months
6-12 Months
1-3 Years
Based on Types the Market is categorized into Below types that held the largest Rice Protein Based Infant Formula market share In 2023.
Non-GMO Infant Formula
GMO Infant Formula
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Rice Protein Based Infant Formula Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Rice Protein Based Infant Formula Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Rice Protein Based Infant Formula Market, By Type
6. Global Rice Protein Based Infant Formula Market, By Application
7. Global Rice Protein Based Infant Formula Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Rice Protein Based Infant Formula Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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