Oryzenin Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Oryzenin Market grew at a CAGR of 12.1% between 2017-2021 and is estimated to be US$ 171.5Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 10.5% and is expected to reach a valuation of US$ 465.5Mn by 2032 end.
The Oryzenin Market is expected to increase due to the rising demand for rice protein due to the functional characteristics of protein and the low cost of manufacturing. Oryzenin’s high gelling ability and high protein content enable it to be employed in the food and beverage industries, which in turn helps to fuel the expansion of the Oryzenin market.
The market is comprehensively evaluated in the study on the global oryzenin market. The report thoroughly analyzes the market’s key segments, trends, drivers, restraints, competitive environment, and other important elements.
THE GROWING ADAPTATION OF VEGAN PROTEIN HAS BEEN A KEY DRIVER FOR ORYZENIN INGREDIENT USAGE
The last two and a half years have seen a tremendous market uptake of plant-based proteins. The main strategies used by the major market players included product development, strategic alignment, and marketing efforts. The tactics mentioned above have significantly increased the general public’s use of oryzalin. The raw material, rice, has been strictly regulated, and its production hasn’t suffered considerably even during the pandemic, which has easily transferred into healthy adoption in product innovations. This is another crucial feature that has aided the ingredients.
According to the Plant-Based Association, the plant-based alternative market generated $7 billion in revenue. Additionally, the pandemic’s drive provided the outcomes that they required. Currently, Google Trends demonstrates that veganism as a trend is twice as popular as it was just five years ago, and the tell-tale signs only opine positive industry results. Some of the common google mentions were -> “vegan recipes” or “vegan restaurants near me.” The said trends have readily reflected in the overall market growth.
LOW MARKET PENETRATION OWING TO INSIGNIFICANT INGREDIENT KNOWLEDGE AND OVERALL LOW USAGE OF RICE PROTEIN IN TERMS OF DAIRY ALTERNATIVES HAS IMPEDED THE MARKET GROWTH
Customers are still hesitant to substitute plant-based proteins for animal proteins. A year ago, the assertion above was untrue when everyone above meat preferred vegan protein. Vaccinations and the opening of economies, however, have called into question the entire boom in plant protein, as the latter is now seeing a decline in sales in their particular category.
Furthermore, rice protein ranks substantially lower on the podium when compared to other plant-based substitutes. Due to the high protein content of almonds, oat, and other nut substitutes, prominent product innovations were also seen. Additionally, a serving of 8 ounces of Pure Almond Milk has about 5 grams of protein, whereas rice milk has no such protein contribution. Because of such factors, the overall market growth has been impeded.
LACTOSE INTOLERANCE SUPPLEMENTED BY FAIR AND CRUEL TRADE PRACTICES HAS READILY AIDED MARKET GROWTH
The prevalence of lactose intolerance has been rising, and the statistics were only confirmed over the last ten years. It’s interesting to note that 65% of people have some form of lactose intolerance or malabsorption, allowing for the easy use of the rice-based protein Oryzenin. Additionally, the trend among customers has risen to consume exclusively healthy products produced without using animals.
Antibiotics and other substances have reportedly been added to milk made from cows, increasing the overall byproducts. However, plant-based proteins, such as rice protein, in this case, are typically free from such harsh practices, and consumers primarily choose such proteins since they have no negative environmental effects.
Market Segments Covered in Report
By Product Type:
By Region and Country:
Which application is increasing in its demand in the anticipated period?
Due to the rise in the consumption of sports and energy drinks brought on by the trend of healthy living among consumers, sports and energy nutrition was the market leader. Because of its rich amino acid profile and branched-chain amino acids (BCAAs), which are crucial for muscle repair in athletes and bodybuilders, oryzenin is used in sports & energy nutrition.
Like whey protein, oryzenin enhanced lean body mass, skeletal muscle growth, power, and strength, this market has the potential to expand over the coming years as oryzenin’s use as a nutrition enhancer in food products increases.
Why is the dry-form segment increasing its demand in the foreseen period?
Dry form commanded a substantial market share. The said form is so simple to utilize in many applications, particularly in the sports and nutrition sector. Additionally, compared to liquid form, there are fewer general transportation obstacles, which lessens the total burden on the raw material supply.
The liquid form only happens to post extra dry processing, enhancing the investment. Pressures on the supply chain have been increasing, particularly in industrialized nations. As a result, producers of goods search for effective resources that won’t raise prices for their goods.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Due to numerous local and regional competitors, the global market for oryzenin is extremely fragmented and competitive. Key players use various marketing techniques, including alliances, growth, mergers and acquisitions, and collaborations.
The recent developments in the Global Oryzenin Market:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Product Type, Application, Function, Form, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Market Size Data
Value Chain Analysis
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 10.5%.
The growing adaptation of vegan protein has been a key driver for oryzenin ingredient usage.
Major global Oryzenin Market players are AIDP Inc., Axiom Foods Inc., BENEO GmbH (Südzucker AG), Bioway (Xi’an) Organic Ingredients Co. Ltd., Golden Grain Group Limited, Kerry Group Plc, Ribus Inc., RiceBran Technologies, Shaanxi Fuheng (FH) Biotechnology Co. Ltd, Green Labs
Low market penetration owing to insignificant ingredient knowledge and overall common usage of rice protein in terms of dairy alternatives has impeded the market growth
Europe is expected to account for the largest market revenue share in the Global Oryzenin market.
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