Oryzanol Market

Oryzanol Market Size, Growth, Forecast (2022-2027)

oryzanol market was valued at USD 3.15 billion in 2021 and during the projection period of 2022-2027, is predicted to reach USD 6.12 billion by 2027, with a CAGR of 9.8%.

Oryzanol Market Scenario:

Oryzanol is the chemical frequently employed in the manufacture of cholesterol-lowering medications, bodybuilding supplements, and menopausal symptoms. Because of the nutritional benefits it provides, oryzanol is becoming more popular in dietary supplements and medications. The latest study during the forecast period examines the growing use of oryzanol in personal care and cosmetics because of rising customer demand for products with multifunctional benefits and improved performance. The report's scope includes an analysis of oryzanol consumption in terms of volume and value available commercially for business-to-business sales, as well as applications such as personal care and cosmetics, dietary supplements, pharmaceuticals, and other items.

Oryzanol Market Growth:

The rising need for natural components in cosmetics, as well as consumer health consciousness, are two factors affecting market demand. The demand for such items has increased because of the coronavirus outbreak.

REPORT COVERAGE:

Oryzanol Market Drivers:

One of the primary factors driving the global oryzanol market is increasing public awareness about the availability of important chemicals. Oryzanol improves the nutritional benefits of fruits and vegetables, boosting the worldwide oryzanol market throughout the forecast period.

As a result of healthy eating habits and high cholesterol levels, the global oryzanol market will be driven by an increase in health-related issues such as diabetes, obesity, and heart disease. Oryzanol has a variety of health benefits for humans. It can be used to improve or enhance the overall effectiveness and performance of food and beverage, pharmaceuticals, nutraceuticals, personal care, and cosmetic items. Many studies have shown that oryzanol can neutralize free radicals, making it a good candidate for anti-aging creams and sunscreen lotions, as well as treatments for high cholesterol, hyperlipidemia, and hormonal changes during menopause. It also helps to build muscle. Furthermore, oryzanol supplements are consumed by professional athletes due to their nutritional characteristics. Oryzanol consumption is predicted to rise in the coming years because of these causes.

Oryzanol Market Restraints

Market limitations for oryzanol’s growth in the projection period will most likely include a lack of understanding about the product's benefits among people in emerging economies, as well as the simple availability of substitutes. The biggest and most significant hurdle to the market's growth will be increased competition from other manufacturers, as well as the fact that oryzanol is still in its infancy. Oryzanol has a lower penetration rate in the food and beverage, pharmaceutical, personal care, and cosmetics industries than other items. Market growth is hampered by limited oryzanol production and low penetration of oryzanol products. One of the issues that buyers of ingredients evaluate is the price of oryzanol. Many factors contribute to price inflation, including higher production costs and a longer extraction procedure. As a result, these factors are projected to stifle the worldwide oryzanol market's expansion shortly.

Recent Developments in the Oryzanol Market

The Biotechnology Industry Research Assistance Council (BIRAC) of India has financed Ricela Health Foods Ltd.'s Gamma Oryzanol project. The plant for the manufacturing of gamma-oryzanol is up and running, with a daily capacity of 100 kg. The company intends to increase its capacity to 400 kilograms per day.

Oryzanol Market Segmentation

By Source:

• Rice Bran Oil

• Wheat Bran

• Fruits and Vegetables

Based on the source, the global oryzanol market is divided into Rice Bran Oil, Wheat Bran and Fruits and vegetables. Fruits and Vegetables are the dominant segments under this category. Obesity and overweight have become more common as a result of sedentary lifestyles and changes in eating habits. This number has risen as a result of the increased consumption of highly processed meals with added sugar and artificial substances. Obesity is linked to an increased risk of a variety of ailments, including diabetes, heart disease, and cancer. As a result, consumers have begun to regard a healthy weight as the foundation of general well-being.

Fruits and vegetables contain oryzanol in large quantities. Oryzanol is an antioxidant and anti-inflammatory substance that has been demonstrated to be effective in the treatment of obesity and metabolic illnesses.

By Application:

• Pharmaceuticals

• Cosmetics

• Nutraceuticals & Sport Supplements

• Animal Feed

Based on the application, the global oryzanol market can be bifurcated into Pharmaceuticals, Cosmetics, Nutraceuticals & Sports Supplements and Animal Feed. Pharmaceuticals are the dominant segment in this category. Oryzanol medicine consumption has increased as the prevalence of health conditions such as high cholesterol, hyperlipidaemia, and hormonal changes after menopause have increased. Because of its natural origin, the product is free of adverse effects and hence safe to consume. In addition, as customer tastes for natural products have risen in recent years, demand for natural components is expanding in the pharmaceutical business. Oryzanol is a prominent chemical among pharmaceutical producers since it is a fast-acting substance for disorders including excessive cholesterol and hyperlipidaemia. The pharmaceutical industry's need for oryzanol has increased as a result of the above-mentioned health conditions being highly widespread and requiring prompt attention to avert additional repercussions. Oryzanol is becoming more widely used in the pharmaceutical business.

Oryzanol Market Regional Analysis

• North America

During the projected period, North America is expected to lead the worldwide oryzanol market. This is mostly due to a greater understanding of the benefits of eating oryzanol-rich foods among the inhabitants of the region. Aside from that, the North American oryzanol market is likely to be driven by factors such as an increase in heart illnesses, high consumer purchasing power, and a surge in government health awareness programmes throughout the forecast period.

• Europe

Oryzanol is utilized as a natural oxidant in cosmetics and personal care products, dietary supplements, and medicinal products, which is one of the main reasons for its high demand in Europe. Germany has one of the most developed economies in Europe. Germany's consumers are more health-conscious than those in any other European country. In the country, the personal care and cosmetics industry is expanding at a strong rate. In Germany, consumer demand for high-quality products is high, which is driving demand for oryzanol.

• Asia Pacific

On a social and economic level, India is rapidly developing. The administration intends to turn the country from a low-income to a high-income one. India is one of the world's largest rice producers, providing significant prospects for oryzanol makers. Rice, a vital raw ingredient for the manufacturing of oryzanol, is cheap in the country. In addition, India's care and cosmetics, pharmaceutical, and nutritional supplement industries are also growing. The demand for natural and premium grade products is being fueled by an increase in the middle-income population and increased consumer spending power. In addition, the government encourages the development of new ingredients by granting subsidies to small and medium-sized enterprises. These factors are expected to drive the growth of the oryzanol market in this region.

• Latin America

• The Middle East and Africa

Oryzanol Market Key Players:

1. Henry Lamotte Oils GmbH

2. Fengchen Group Co., Ltd.

3. NutriScience Innovations, LLC

4. Merck KGaA

5.  Ricela Health Foods Ltd.

6. Oryza Oil&Fat Chemical Co., Ltd

7. TANOBIO

8. Tokyo Chemical Industry

9. Kangcare Bioindustry Co., Ltd.