Oryzenin Market revenues are predicted to reach USD 116.48 billion in 2023. Approximately USD 257.3 billion will be generated by the oryzenin market by 2033. A CAGR of 8.2% is expected for the oryzenin market during the forecast period.
| Attributes | Key Insights |
|---|---|
| Oryzenins Market Value (2022) | USD 112.01 billion |
| Projected Industry Value in 2033 | USD 257.32 billion |
| Value-based CAGR from 2023 to 2033 | 8.2% |
Oryzenin Industry Trends and Highlights
The oryzenin market is predicted to grow significantly in the next few years. With the steady growth in the market, plant-based proteins will continue to be in high demand and increase in demand in the near future.
There are a variety of manufacturers that are focusing on the development of new products and expanding into new geographical areas in order to take advantage of the expanding market opportunities. Advances in extraction processes will drive a further increase in market growth and the development of products not based on oryzenin.
Key Oryzenin Industry Trends
A 2.8% CAGR was recorded by 2022 for the oryzenin market. Between 2023 and 2033, the global demand for oryzenin is expected to increase by 8.2% CAGR. Consumer preferences for natural and sustainable protein sources drive continuous product innovation.
Research suggests that oryzenin has therapeutic effects, although more studies are needed to determine the exact nature of these effects. There are several potential health benefits associated with this process, including anti-inflammatory properties. Advances in food technology can enhance developing oryzenin-based products. As a result demand for oryzenin is expected to grow in the future.
Nutraceuticals and functional foods can incorporate oryzenin, providing health benefits above and beyond their nutritional value. Oryzenin will be able to expand its products into international markets as the demand for plant-based protein grows. Adapting products to different markets can help companies meet different tastes and dietary habits.
| Attributes | Details |
|---|---|
| Historical CAGR (2018 to 2022) | 2.8% |
| Estimated CAGR (2023 to 2033) | 8.2% |
Based on revenues, the following table illustrates the top 5 leading countries, led by the United States and India. Boosting immunity and maintaining muscular strength will result in higher oryzenin sales in these two countries through 2033.
Market Share of 2022
| Attributes | Details |
|---|---|
| United States | 28.6% |
| Germany | 6.6% |
Forecast CAGRs from 2023 to 2033
| Attributes | Details |
|---|---|
| United Kingdom | 7.7% |
| India | 9.5% |
| China | 8.1% |
The United States market for oryzenin has grown steadily over the past few years. Forecasts indicated that the market held a share of 28.6% by 2022. Increasing demand for ready-to-eat foods and meat substitutes is expected to drive demand in the near future. A variety of products are being produced, and investments are increasing which are factors driving the market.
Lactose intolerance or coeliac disease are driving consumers to try these alternatives. Oryzenin is becoming more prevalent in the food processing industry due to its chemical properties and its popularity among vegans. A Plant-based Food Association report says plant-based foods made USD 7.4 billion in sales in the United States in the 52 weeks ending December 2021. Growing health consciousness among consumers and the availability of meat alternatives will increase demand.
Oryzenin consumption in India is expected to proliferate in the near future. The market was worth 9.5% CAGR in 2022. As conventional eating habits shift to vegetarianism, the market is expected to grow. Rise in number of rice production and
A shift towards veganism and an increase in western culture are expected to expand the market. Increasing disposable income and purchasing power are expected to increase demand. An association for the plant-based food industry and the Good Food Institute conducted a survey in 2021 to assess consumer awareness of plant-based foods. 91% of respondents had heard of plant-based milk. While 66% of Indian customers consumed plant-based milk over the past year.
China is expected to dominate the Oryzenins market. The market showed a CAGR of 8.1% in 2022. With growing awareness of health and wellness, plant-based diets are becoming more popular, as they are healthy alternatives to animal proteins. Due to its plant-based nature, oryzenin has gained popularity among vegetarians and vegans seeking more protein.
Individuals who are allergic or sensitive to other protein sources such as soy, dairy, or wheat can consume oryzenin as an alternative protein source. It has become increasingly popular in China to engage in sports nutrition and fitness activities. For athletes and fitness enthusiasts, oryzenin is a great source of plant-based protein. As a result, existing players will be encouraged to expand their portfolios in the oryzenin market by enhancing raw material supply and attracting more players.
Increasing demand for protein substitutes is driving Germany's market. Germany held approximately 6.6% of the market share in 2022. Oryzenin is increasingly being used in food products as a source of plant-based protein. The rise of fast foods and the growth in food industries will increase demand in the near future.
Many food manufacturers developed products that contained oryzenin, such as protein bars. As a result, oryzenin was in high demand on the market. With animal agriculture's impact on the environment becoming more apparent, people have been turning to plant-based options, thereby increasing the consumption of plant-based proteins.
The United Kingdom is expected to dominate demand for oryzenin in the market. A CAGR of 7.7% was predicted for the market in 2022. Plant-based diets are becoming more popular among consumers. As government regulations have become more stringent, meat alternatives and plant-based diets have seen a surge in popularity, resulting in an increase in consumer demand.
Plant-based diets are becoming more popular, as well as products with clean labels and allergen-free ingredients. Due to the growing demand for dietary supplements and healthier food alternatives, the United Kingdom offers a wide variety of oryzalin-derived products.
According to market forecasts, bakery and confectionary applications are predicted to dominate the market until 2033, holding a market share of 35.6% during the forecast period. Within the isolates segment, market share is expected to reach 30.2% during the forecast period.
| Attributes | Details |
|---|---|
| Isolates Market Share (2022) | 30.2% |
| Bakery and Confectionary Market Share (2022) | 35.6% |
Based on the product type, isolates are expected to gain market share over the next few years. The market share is expected to accumulate a 30.2% revenue share in 2023. Food and beverage industries are among the most prominent users of oryzenin isolates.
Isolates of oryzenin are frequently used in food products because of their purity and concentration. As with the overall oryzenin market, the market for oryzenin isolates is expected to grow. Food and beverage manufacturers can make a variety of products from oryzenin isolates, such as protein powder, snacks, meat replacements, dairy alternatives, and baked goods.
Because of their versatility, food manufacturers are attracted to their products. In addition to powder and liquid forms, oryzenin isolates are available in various forms. Due to its cost-effectiveness, concentrates of oryzenin are expected to dominate the market.
Based on the application, the bakery and confectionery segment is expected to dominate the market. From 2023 to 2033, bakery and confectionery applications are expected to account for 35.6% of the market share.
Protein derived from rice known as oryzenin is a plant-based product. Because of its numerous functional and nutritional properties, it has gained popularity in the food industry. Bakery and confectionery products can benefit from the addition of oryzenin to increase protein content.
Vegans and vegetarians especially will benefit from this, since they are seeking healthy alternatives to meat. Gluten-sensitive or celiac disease sufferers may benefit from rice protein since it is naturally gluten-free. Products made from gluten-free flour can be used in baking and confectionery.
Adding oryzenin to baked goods can enhance their texture and moisture content. Some products, such as gluten-free breads and energy bars, can benefit from it because it enhances softness and chewiness.
Often, rice protein is used as a component of products to create a balanced protein profile, which is produced by combining rice protein with additional protein sources to supply the body with essential amino acids. In comparison to pea or hemp proteins, oryzenin has a relatively neutral flavour that is suitable for use in a variety of processes.
Due to several local and regional rivals, oryzenin's global market is extremely fragmented and competitive. Mergers, collaborations, acquisitions, partnerships, and expansions are just some of the marketing strategies employed by key players.
| Attributes | Details |
|---|---|
| Estimated Market Size in 2023 | USD 116.48 billion |
| Projected Market Valuation in 2033 | USD 257.32 billion |
| Value-based CAGR 2023 to 2033 | 8.2% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value in USD billion |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Key Market Segments Covered | Product Type, Application, Function, Form, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | AIDP, Inc.; BENEO GmbH; Kerry Group PLC; Shenzhen Beike Biotechnology Co. Ltd; Axiom Foods, Inc.; Golden Grain Group Limited; Ribus, Inc.; Ricebran Technologies, Inc.; The Green Labs LLC; Bioway (Xi’An) Organic Ingredients Co., Ltd |
The oryzenin market is expected to reach USD 116.48 billion in 2023.
The oryzenin market is set to expand by a CAGR of 8.2% by 2033.
The oryzenin industry is forecast to reach USD 257.32 billion by 2033.
The bakery and confectionery application segment is expected to dominate the market.
The isolates segment is expected to dominate the oryzenin market.
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Oryzenin Market
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