Oryzenin Market Size Industry Trends, Share, Growth Report 2024
oryzenin market size reached US$ 233.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 644.1 Million by 2032
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IMARC Group, a leading market research company, has recently released a report titled “Oryzenin Market Report by Type (Isolates, Concentrates, and Others), Form (Dry, Liquid), Function (Emulsifying, Texturizing, Gelling, Foaming, and Others), Application (Sports and Energy Nutrition, Beverages, Bakery and Confectionery, Meat Analogs and Extenders, Dairy Alternatives, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the global oryzenin market trends, share, size, and industry trends forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global oryzenin market size reached US$ 233.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 644.1 Million by 2032, exhibiting a growth rate (CAGR) of 11.9% during 2024-2032.
Global Oryzenin Market Trends:
The increasing demand for plant-based proteins represents one of the key factors influencing the growth of the oryzenin market across the globe. This is primarily driven by the growing population of health-conscious consumers and those adopting vegan or vegetarian lifestyles which is fueling market growth. Oryzenin, a protein derived from rice, is gaining popularity as a nutritious and hypoallergenic alternative to traditional animal proteins and soy. This is particularly evident in the sports and energy nutrition sector, where oryzenin's high protein content and easy digestibility are highly valued.
Additionally, there's a growing interest in clean labels and natural products, with consumers seeking ingredients with minimal processing and additives. Oryzenin's natural and gluten-free properties make it appealing in this regard. The market is also benefiting from technological advancements in extraction and processing methods, enhancing the efficiency and quality of oryzenin production.
Furthermore, the expanding application in various food and beverage products, including dairy alternatives, baked goods, and snacks, underlines its versatility and potential for market expansion.
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Factors Affecting the Growth of the Oryzenin Industry:
· Rising Demand for Plant-Based Proteins:
One of the primary factors fueling the growth of the oryzenin market is the increasing consumer preference for plant-based proteins. As individuals become more health-conscious and adopt vegetarian, vegan, or flexitarian diets, the demand for alternative protein sources has surged. Oryzenin, derived from rice, offers a highly nutritious and allergen-free protein option, making it a preferred choice for health-conscious consumers. The growing recognition of the health benefits associated with plant-based diets, including weight management, and improved cardiovascular health, is driving the adoption of oryzenin in various food and beverage products.
· Expanding Applications in Food and Beverage Industries:
Oryzenin's versatility and functional properties are another significant factor contributing to its market growth. It can be used as an ingredient in a wide range of food and beverage products, including dairy alternatives, baked goods, snacks, and sports nutrition supplements. The ability of oryzenin to enhance the texture, taste, and nutritional profile of these products makes it a valuable ingredient for manufacturers. As the food industry continues to innovate and cater to evolving consumer preferences, the demand for oryzenin as a versatile ingredient is expected to grow further.
· Clean Label and Allergen-Free Trends:
The clean label movement and the increasing prevalence of food allergies have led consumers to scrutinize product labels more closely. Oryzenin aligns with the clean label trend as it is a naturally sourced and gluten-free protein. Consumers are seeking products with minimal processing and allergen-free characteristics, and oryzenin fits these criteria. This has led to the incorporation of oryzenin into various food products to meet the demand for clean label and allergen-free options. As these consumer preferences continue to shape the food industry, the oryzenin market is poised for continued growth.
Oryzenin Market Report Segmentation:
By Type:
· Isolates
· Concentrates
· Others
Isolates represent the largest type segment in the oryzenin market due to their high protein content and purity, making them ideal for various food and beverage applications.
By Form:
· Dry
· Liquid
The dry form is the largest form segment in the market because of its longer shelf life, ease of storage and transport, and wide usage in powdered supplements and food products.
By Function:
· Emulsifying
· Texturizing
· Gelling
· Foaming
· Others
Emulsifying represents the largest function segment in the market as emulsifying properties of oryzenin make it highly sought-after, particularly in the food industry for creating stable mixtures and improving texture in products.
By Application:
· Sports and Energy Nutrition
· Beverages
· Bakery and Confectionery
· Meat Analogs and Extenders
· Dairy Alternatives
· Others
Sports and energy nutrition is the largest application segment in the market due to oryzenin's high protein content and easy digestibility making it a preferred ingredient in sports and energy nutrition products, catering to the needs of athletes and fitness enthusiasts.
Regional Insights:
· North America
· Asia Pacific
· Europe
· Latin America
· Middle East and Africa
North America leads the oryzenin market, driven by the region's growing health-conscious population and the increasing popularity of plant-based proteins.
Competitive Landscape with Key Players:
The competitive landscape of the oryzenin market size has been studied in the report with the detailed profiles of the key players operating in the market.
Some of These Key Players Include:
· 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
· The Green Labs LLC
· Zedira GmbH
Ask Analyst for Customized Report:
https://www.imarcgroup.com/request?type=report&id=3516&flag=C
Key Highlights of the Report:
· Market Performance (2018-2023)
· Market Outlook (2024-2032)
· Market Trends
· Market Drivers and Success Factors
· Impact of COVID-19
· Value Chain Analysis
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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