Oryzanol Market Size, Share, Growth, and Industry Growth, By Type (Rice Bran Oil, Wheat Bran, Fruits and Vegetables, Others), By Application (Pharmaceuticals, Cosmetics, Nutraceuticals and Sport Supplements, Animal Feed, Others) Regional Forecast By 2031

Updated On: 22 April 2024

Oryzanol Market Report Overview

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The global oryzanol market size was USD 1306.16 million in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with oryzanol experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is projected to touch USD 3150.07 million by 2031, exhibiting a CAGR of 9.2%. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

A naturally existing antioxidant called oryzanol is made from the bran of rice oil. Oryzanol is found in wheat bran and a number of fruits and vegetables. By modulating hormone levels, the chemical is frequently utilized as a component in the creation of medications for treating high cholesterol, bodybuilding dietary supplements, and menopause symptoms. Oryzanol is commonly used as a supplement for physical activity and muscular growth. Consequently, one of the biggest industries using this antioxidant is the sports industry. Various medications, nutraceuticals, athletic supplements, and cosmetics all include this advanced material.

COVID-19 Impact: Supply and Isolation Limitations to Deplete Market Advancement

Several significant rice exporting nations implemented measures in the wake of the COVID-19 pandemic to guarantee a sufficient domestic supply. Furthermore, some nations have stopped awarding fresh agreements for exports of rice in 2020. Social segregation laws have made it difficult to move about and organize logistics, which has decreased the amount of rice available in numerous countries' internal markets and lowered export quantities. Oryzanol and rice-related products have suffered greatly as a result. Similar to previous price shocks, rice export prices surged, endangering the food safety of nations that rely on imports of rice. Rice prices in some locations remained relatively high despite the relaxation of quarantine and rice export limitations, which led to a decline in the consumption of rice-related products.

LATEST TRENDS 

"Increased Per Capita Income to Stimulate Market Development "

Based on combined economic and population growth, nations like China, India, Indonesia, and others have the fastest expanding economies in the world.  In many developing nations, the middle-class public grows along with the economies.  Due to the increased availability of better jobs in urban centres in these nations, the middle class is growing more affluent.  As a result, these nations' per capita consumer spending on function food and healthcare is rising.  Customers are willing to spend extra on pharmaceuticals, nutritional supplement goods, and natural and healthful food and beverages.  Another important aspect contributing to the growing knowledge of nutritious components and products is the high internet penetration rate.

Oryzanol Market Segmentation

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• By Type

Based on type; the market is divided into rice bran oil, wheat bran, fruits and vegetables, others

Rice bran oil is the leading part of the type segment.

• By Application

Based on the application; the market is divided into pharmaceuticals, cosmetics, nutraceuticals and sport supplements, animal feed, others

Pharmaceuticals is the leading part of the application segment.

DRIVING FACTORS

"Spike in Diseases to Aid Market Expansion "

One of the primary factors supporting the worldwide oryzanol market growth is rising public awareness about the accessibility of important ingredients. It improves the nutritional advantages of fruits and vegetables, which drives the worldwide oryzanol market over the forecast period. As a consequence of proper nutrition and high cholesterol levels, the worldwide oryzanol market will continue to be driven by a spike in diseases such as obesity, diabetes, and heart disease.

"Elimination of Free Radicals to Foster Industry Progress"

Many studies have demonstrated that advanced material may eliminate free radicals, therefore its usage in anti-aging creams and sunblock lotions, as well as treatments for elevated cholesterol, hyperlipidaemia, and changes in hormones after menopause, will increase. It also aids in the development of muscle strength, making it a prominent component in food and beverages, as well as the pharmaceutical, nutraceutical, personal hygiene, and cosmetic industries. Professional athletes also take oryzanol supplements due of their nutritional benefits. These variables will drive advanced material consumption in the next years.

RESTRAINING FACTORS

"Simple Accessibility of Alternatives to Hinder Market Advancement "

Oryzanol market expansion in the projection period is likely to be constrained by factors such as the simple accessibility of alternatives, a lack of consumer awareness of the product's advantages in developing nations, and these factors. The biggest and most immediate obstacle to the market's expansion will be growing competition from other producers and the reality that advanced material remains in its infancy.

Oryzanol Market Regional Insights

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"Associated Health Advantage to Foster Market Advancement in North America "

During the projected period, North America will continue to lead the worldwide oryzanol market share. This is mostly due to greater awareness of the health advantages of consuming oryzanol-rich foods among the inhabitants of the region. In addition, factors such as a rise in heart illnesses, high consumer spending power, and an increase of government health awareness programs are likely to drive the worldwide oryzanol market over the forecast period.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled 

• Zheijang Delekang Food Co., Ltd (China)
• Kangcare Bioindustry Co., Ltd. (China)
• Sunrise Nutrachem Group (China)
• Shanghai Freemen LLC (China)
• Oryza Oil and Fat Chemical Co., Ltd. (China)

REPORT COVERAGE

This research offers a thorough analysis of the global market for 5G communication materials, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market for 5G communication materials. The 5G communication materials market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.