Suriname Rice Protein Market: Industry Analysis and Forecast (2022-2027)

Suriname Rice protein Market Overview:

Suriname's main export has traditionally been Rice and bananas. In the year 2018, Suriname produced 273 thousand tons of Rice, which makes up around 10 percent of Suriname's total exports. Thus, the production of Rice has always been more than enough in this Region. Furthermore, rice protein has grown in popularity in South America, where it is combined with pea protein to create a complete protein profile with health benefits such as tissue rebuilding and muscle recovery. Consumers in the Region have been observed to avoid animal protein-based products in order to avoid antibiotic and hormone residues found in meat, leading them to opt for alternative protein sources such as rice protein. Rice proteins are typically isolated from sources such as regular rice flours or rice bran for use in the food industry.

Rice protein is high in vitamin E, amino acids, ferulic acid, starch, and allatoin, and it aids in the maintenance of good body and skin health. It is a plant protein that can be used in place of whey and soy-based additives. It also contains a high concentration of sulfur-containing amino acids, cysteine, and methionine, making it suitable for use in the pharmaceutical industry.

Suriname Rice protein Market Dynamics:

Agriculture in Suriname is the third largest industry in the country, employing between 9 and 15% of the workforce and accounting for 9% of GDP. The market is being fueled by rising consumer awareness of dietary supplement products containing rice protein as one of the main ingredients.

Growing Preference for Plant-based Protein - A sizable proportion of consumers are aware of the benefits of reducing their consumption of animal products and are eager to change their behavior as a result. Marketing strategies that align with the trend toward healthy food consumption, such as advertisements that highlight the health benefits of plant-based products over animal-product equivalents, have received a new level of approval from consumers.

On the other hand, the convenience factor has also played a significant role in determining plant-based protein sales, as consumers' preference for established retail chains such as supermarkets/hypermarkets have resulted in volume sales through this segment.

Growing Demand for Industrial Uses - The pharmaceutical, sports nutrition, and cosmetic industries are expected to drive the global rice protein market in the coming years. The vegan market has been propelled by rising demand for organic rice protein due to its numerous health benefits. The growing vegan population in the world contributes to an increase in the number of consumers seeking healthier and cleaner foods. This increases global market demand even more. High demand for organic/natural cosmetic products, which reduce the risk of side effects, is expected to boost global rice protein market growth during the forecasted period (2022-2027).

Suriname Rice protein Market Segment Analysis:

The rice protein market is segmented on the basis of Form, Product, and Application. Based on the Form, the global market is segmented as inorganic and organic. On the basis of Product, the rice protein market is segmented as concentrates, isolates, and Others.

Based on the Application, the Suriname Rice protein market is segmented into pharmaceutical, food & beverages, cosmetic, and animal feed. The growing Application in products such as sports drinks, supplements, and dairy alternatives is expected to be the primary driver of the food and beverage market. Furthermore, rising demand for plant-based medicines and increased awareness about the advantages of these products over other plant products are expected to be the primary drivers in the pharmaceutical segment during the forecast period (2022-2027).

This report aims to provide stakeholders in the industry with a comprehensive analysis of the Suriname Rice protein market. This report identifies the dominant trends in the Suriname Rice protein market and how these trends will impact new business investments and market development over the forecast period. The report also assists in understanding the dynamics and competitive structure of the Suriname Rice protein Market by analysing market leaders - followers, and regional players.

The qualitative and quantitative data provided in the Suriname Rice protein market report will aid in understanding which market segments, regions, and factors affecting the market, as well as key opportunity areas, will drive the industry and market growth over the forecast period. The report also includes the competitive landscape of key industry players, as well as their recent developments in the Suriname Rice protein market. The report investigates factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Suriname Rice protein market.

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Suriname Rice protein market. The report also analyses if the Suriname Rice protein market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Suriname Rice protein market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Suriname Rice protein market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Suriname Rice protein market is aided by legal factors.

Suriname Rice protein Market Scope:

Suriname Rice protein Market Key Players

• Axiom Foods
• Rice Bran Technologies
• Pure Food Company
• BENEO GmbH
• Nutribiotic