Global Oryzanol Market to amass substantial growth by 2024

October 11, 2019

As per the new research report available with Market Study Report LLC under the title ‘Global Gamma Oryzanol Market Growth 2019-2024’, the worldwide oryzanol market is anticipated to grow substantially by the year 2024.

Oryzanol or ?-oryzanol is found in rice bran and is extracted from rice bran oil. It is a mixture of lipids. The nutrient is known to helpful in curing mild anxiety, high cholesterol, menopausal symptoms, and stomach upset. It is reported to increase growth hormones and testosterone in body, hence used as sports supplement which is propelling the demand for oryzanol. Rising disposable income, coupled with increasing awareness regarding the health benefits of product is driving the oryzanol market growth.

As per the report, the global production of oryzanol was 1191 MT in 2015 and is expected to cross 1407 MT by the year 2021. The report provides details about the revenues shares and projected growth rates of the various market segments. It thoroughly summarizes the trends, drivers, challenges, and opportunities influencing the oryzanol market.

The global oryzanol market is studied on the basis of various segmentations such as type, application spectrum, and regional outlook. Based on type, the market is categorized as food grade, pharmaceutical grade, and others.

Speaking on application spectrum, pharmaceuticals segment dominated the oryzanol market with 47.49% share in 2015 and is presumed to grow with a CAGR of 2.09% by the year 2021. While, oryzanol industry from food supplement segment held 40.75% share in the same year and is estimated to register a growth rate of 3.54% over the analysis period.

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Considering the regional outlook, the worldwide oryzanol market is segregated into four main regions; Asia Pacific comprises of India, Australia, China, Korea, Japan, and Southeast Asia; Americas is split into Mexico, Brazil, United States, and Canada; UK, Germany, Spain, France, Russia, and Italy fall under Europe; and GCC countries, Egypt, Israel, South Africa, and Turkey compose Middle East & Africa. Additionally, Asia Pacific led the oryzanol market with Japan being the leading producer with 808 MT in 2015, which accounted for 67.84% of global production, claims the report.

The key players of oryzanol market profile in the study are Oryza Oil & Fat Chemical, Huadong Medicine Group Wufeng Pharmaceutical, TSUNO, Kangcare, Henry Lamotte OILS, Jining Ankang Pharmaceutical, Delekang Food, and Okayasu Shorten.