The market for oryzalin is anticipated to expand at a CAGR of 7.3% during the anticipated timeframe. According to projections, the market’s worth will rise from US$ 1,040,000 million in 2022 to US$ 2,10,392.6 million by 2032.
In terms of revenue, North America would lead the oryzenin market, according to the research “Oryzenin Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022).” According to the study, oryzenin is a lot better alternative to barley, wheat, and rye because it doesn’t trigger allergies or conditions like celiac disease, which is one of the main reasons for its increased demand around the world.
Oryzenin is in high demand from consumers looking for a gluten- and lactose-free source of protein because it is safe and doesn’t cause any digestive problems. According to FMI, the oryzenin market will be valued at US$12 million globally by 2022, growing at a strong 7.3% annual rate from 2017 to 2022.
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The market for oryzenin is also expected to be boosted by the increasing incidences of gastrointestinal diseases, celiac disease, and irritable bowel syndrome. As the demand for rice protein is increasing on account of its functional properties, the demand for oryzenin will also grow. This is because oryzenin is a glutelin type which is found in the seeds of rice. Some of the other factors impacting the growth of this market include the low cost of producing rice proteins, high protein content, and high gelling properties.
On the basis of geography, the global oryzenin industry is segmented into Asia Pacific, Europe, North America, and the Rest of the World. Of these, it is estimated that North America will emerge as the most lucrative regional market for oryzenin and expand at a healthy CAGR of 9% between 2017 and 2022. By product type, it is estimated that the isolate segment will lead in the market and expand at a healthy 8.3% CAGR from 2017 to 2022. This segment is also estimated to gain the highest BPS by the end of the forecast period. The report also states that the concentrates segment will exhibit high growth potential in the years to come and exhibit a remarkable CAGR throughout the forecast period.
All these aforementioned factors are the reasons behind the extensive use of oryzenin in the food and beverage industry. The increasing health awareness, use as an enhancer for boosting nutritional value in food products, and growing use in sports nutrition will spur the growth of this market worldwide.
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On the basis of form, the dry segment is witnessing high growth rate exhibiting an 8.8% CAGR from 2017 to 2022. The drive segment is estimated to gain the highest VPS by the end of the forecast period. On the other hand, the liquid segment holds high share in the market as compared to the dry segment and this trend is estimated to continue for the rest of the office period.
On the basis of application, the bakery and confectionery segment has witnessed the highest growth rate for oryzenin, closely followed by the sports and nutrition segment. The sports and nutrition segment is estimated to gain high BPS in the years to come. In fact the sports and nutrition segment is not only leading currently but is estimated to continue to do so in terms of revenue through 2022.
The report profiles leading players within the global oryzenin market for the purpose of study. These players are:
- Kerry Group PLC
- Aidp Inc.
- Shenzhen Beike Biotechnology Co. Ltd.
- BENEO GmbH
- Axiom Foods, Inc.
- Ribus, Inc.
- Golden Grain Group Limited
- Rice bran Technologies, Inc.
- Bioway (Xi’An) Organic Ingredients Co., Ltd. and The Green Labs LLC.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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