Oryzanol Market Share, Size, Growth & Industry Forecast Report, 2020-2027
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Oryzanol Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
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.
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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
• Chromadex Inc.
• Delekang Food
Oryzanol Market Segmentation:
Segmentation by Application:
• Nutraceuticals & Sport Supplements
Segmentation by Region:
• North America
o United States of America
• Asia Pacific
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
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About GMI Research
GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.
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