Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 220.8 Million | USD 574.04 Million | 11.2% | 2023 |
Zion Market Research has published a report on the global Oryzenin Market, estimating its value at USD 220.8 Million in 2023, with projections indicating that it will reach USD 574.04 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 11.2% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Oryzenin industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Oryzenin is nothing but a type of glutenin found in rice seeds. It is an alternate gluten form, which does not lead to any type of disorders like celiac diseases. Oryzenin is the best alternative for people who are gluten intolerant, lactose intolerant and are looking for non-allergen alternatives. Since oryzenin doesn’t lead to celiac disease or other digestive issues, the global oryzenin market is anticipated to show a steady growth. Oryzenin does not cause any irritable bowel syndrome or other types of gastrointestinal diseases and so the global oryzenin market presents high growth potential in the upcoming years.
There are several factors that drive the growth of the global oryzenin market. These include low production cost of rice proteins and increasing health awareness among people. The functional properties of rice proteins are contributing to its increasing popularity among the masses. Thus, this is one of the leading factors that is augmenting the growth of the global oryzenin market. Furthermore, oryzenin’s consumption in terms of sports nutrition is anticipated to grow steadily along with its use in several foods for enhancing the nutritional value. The food and beverage industry extensively uses oryzenin due to its high protein content and intense gelling properties.
The study provides a decisive view of the oryzenin market by segmenting the market based on form, by type, by application, by function and by region All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
Based on form, the global oryzenin market can be divided into liquid and powder.
On the basis of type, the market can be bifurcated into concentrates and isolates.
On the basis of applications, beverages, dairy alternatives, meat analog, sports and nutrition, and bakery and confectionary and others (salad dressings, soups, sauces, breakfast foods, spices, pasta, frozen fruits, infant formula, and flavor enhancements & savory flavors)
On the basis of function(qualitative), gelling, emulsifying, texturizing, foaming, others (water binding, solubility, and viscosity).
Based on the form analysis includes liquid and dry.
The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Report Attributes | Report Details |
---|---|
Report Name | Oryzenin Market |
Market Size in 2023 | USD 220.8 Million |
Market Forecast in 2032 | USD 574.04 Million |
Growth Rate | CAGR of 11.2% |
Number of Pages | 110 |
Key Companies Covered | Kerry Group, The Green Labs LLC, RiceBran Technologies, Bioway (Xi’An) Organic Ingredients Co., Ltd., Axiom Foods, Shenzhen Beike Biotechnology Co., Ltd., BENEO GmbH, Golden Grain Group Ltd., Ribus Inc., and Aidp Inc., among several others |
Segments Covered | By Form, By Type, By Application And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
These two regions are expected to dominate the global market both in terms of growth rate and revenue. This is because more and more people from these regions are turning to alternative protein options, due to the shift in focus to healthier lifestyle choices and being fit. Thus, a good growth rate is expected in the upcoming years in this market in these regions. The Asia Pacific region is expected to be the fastest growing market for oryzenin owing to the shift in consumers’ food habits and rising health concerns and physical fitness.
Based on the type:
Based on the applications:
Based on the function (qualitative):
Based on the form:
Oryzenin Market: Regional Segment Analysis
FrequentlyAsked Questions
The Oryzenin Market was valued at USD 220.8 Million in 2023.
The Oryzenin Market is expected to reach USD 574.04 Million by 2032, growing at a CAGR of of 11.2% between 2024 to 2032.
Global Oryzenin Market players such as Kerry Group, The Green Labs LLC, RiceBran Technologies, Bioway (Xi’An) Organic Ingredients Co., Ltd., Axiom Foods, Shenzhen Beike Biotechnology Co., Ltd., BENEO GmbH, Golden Grain Group Ltd., Ribus Inc., and Aidp Inc., among several others.
There are several factors that drive the growth of the global oryzenin market. These include low production cost of rice proteins and increasing health awareness among people. The functional properties of rice proteins are contributing to its increasing popularity among the masses. Thus, this is one of the leading factors that is augmenting the growth of the global oryzenin market. Furthermore, oryzenin’s consumption in terms of sports nutrition is anticipated to grow steadily along with its use in several foods for enhancing the nutritional value. The food and beverage industry extensively uses oryzenin due to its high protein content and intense gelling properties.
The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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