Growth opportunities in the oryzanol market look promising over the next six years. This is mainly due to the shift in consumer’s lifestyles, improvement in nutritional benefits offered by oryzanol in vegetables and fruits, and the growing awareness regarding the availability of essential substances.
Oryzanol Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The major contributors to the growth of the global oryzanol market are the surging awareness of the accessibility of essential substances among consumers. The oryzanol enhances the nutritional benefits offered by fruits and vegetables, thereby stimulating the global oryzanol market over the forecast period. An increase in health-related issues like obesity, heart diseases, and diabetes owing to unhealthy eating habits and high cholesterol levels will further fuel the global oryzanol market. Also, the altering preference of consumers towards a healthy lifestyle and growth of the sports supplements industry will further boost the market growth. Leading market players focus on ongoing research and technological innovations in oryzanol-based products to reduce health issues among consumers. However, the factor responsible for hindering the growth is the lack of awareness among consumers about the benefits offered by oryzanol-based products.
Application Segment Drivers
Based on application, the market is segmented into pharmaceuticals, cosmetics, and Nutraceuticals & sports supplements. The pharmaceutical is predicted to dominate the market over the forecast period owing to the rising health issues, which include high cholesterol, hormonal issues at the time of menopause, and hyperlipidemia. On the other hand, cosmetics are expected to grow at a higher CAGR over the forecast period because of the strong antioxidant properties, which prevents tissue.
Regional Drivers
On the basis of region, North America is anticipated to grow at a faster CAGR owing to expansion in high cholesterol cases among the population and growing consumer awareness as a result of several government programs. On the other edge, the Asia-Pacific region is expected to expand at a higher rate because of the augmented availability of rice bran and a substantial shift in consumers’ preference towards more healthy products and cosmetic ingredients. Moreover, increasing opportunities in the sport supplement applications in developing countries, including China, India, and Indonesia, may positively impact the growth of the region.
Oryzanol Market’s leading Manufacturers:
- Ricela Health Foods Ltd.
- Huadong Medicine Group Wufeng Pharmaceutical
- Shanghai Freemen LLC
- Jining Ankang Pharmaceuticals
- Henry Lamotte Oils
- Oryza Oil & Fat Chemical
- Kangcare
- Chromadex Inc.
- Delekang Food
- TSUNO
Oryzanol Market Segmentation:
Segmentation by Application:
- Pharmaceuticals
- Nutraceuticals & Sport Supplements
- Cosmetics
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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