The global gamma oryzanol market is expected to reach USD
2.06 billion by 2022, according to a new report by Grand View Research, Inc.
Increasing consumer awareness towards a healthy lifestyle is expected to drive
product demand over the next seven years.
Improper diet intake coupled with
rising health treatment expenditure has urged consumers to switch to
alternatives, such as dietary supplements, that offers a balanced diet. Gamma
oryzanol plays a significant role in boosting good cholesterol and minimize
adverse impacts of unhealthy diet intake.
Rapid urbanization coupled with
increasing participation in health clubs and fitness activities are expected to
play a vital role in industry growth over the forecast period. High product
price along with the lack of consumer awareness are expected to remain major
factors hindering market growth.
Technological innovation in the
industry includes research initiatives to enhance yield rate from rice bran oil
that is anticipated to reduce production costs and enable market players to
attain economies of scale. Ongoing technological innovations along with
increasing R&D spending is expected to provide significant opportunities
for gamma oryzanol manufacturers over the forecast period.
Sports supplement emerged as the
principal application segment and accounted for over 40% of total revenue in
2014. The segment is anticipated to witness moderate growth rate owing to high
requirement of gamma oryzanol as an essential supplement for sports nutrition.
Browse full research report on Gamma Oryzanol Market: https://www.grandviewresearch.com/industry-analysis/gamma-oryzanol-market
Further key findings from the report suggest:
- The global gamma oryzanol market demand was 11,520.0 tons in
2014 and is expected to reach 18,597.8 tons by 2022, growing at an
estimated CAGR of 6.2% from 2015 to 2022
- Gamma oryzanol demand in cosmetic applications is anticipated
to witness the highest growth over the forecast period. The segment is
estimated to grow at a CAGR of 6.9% in terms of demand from 2015 to 2022.
- The product demand in animal feed in the U.S. was over 710
tons in 2014. High requirement of the micronutrient in horses and dogs to
enhance muscle development may be attributed to significant development in
the segment.
- Europe was the leading regional market and accounted for 30%
of total consumption in 2014. The increasing acceptance of sports
supplements as an essential form of nutrition in the UK, Italy, and
Germany is expected to remain a key factor driving regional market.
- Asia Pacific is estimated to witness the highest growth of
7.1%over the forecast period. Abundant raw material availability coupled
with significant developments in cosmetics and animal feed sectors
particularly in Japan, China, Vietnam, and India are anticipated to steer
industry growth.
- Key players operating in the global gamma oryzanol market
include Oryza Oil & Fat Chemical Co., Ltd., Jining Ankang
Pharmaceutical, Honson Pharmatech Group, KangCare Bioindustry, Lamotte
Oils, Tsuno Rice, Xi’an Realin Biotechnology, Shanghai Freemen LLC,
Chromadex Inc., and Sunrise Nutrachem Group Co. Ltd.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/gamma-oryzanol-market/request/rs1
Grand View Research has segmented the gamma oryzanol market on the
basis of application and region:
Global Gamma Oryzanol Application Outlook (Volume, Tons; Revenue,
USD Million, 2012 - 2022)
- Sports
supplements
- Cosmetics
- Pharmaceuticals
- Animal
feed
Global Gamma Oryzanol Regional Outlook (Volume, Tons; Revenue, USD
Million, 2012 - 2022)
- North
America
- U.S.
- Europe
- France
- Germany
- UK
- Asia
Pacific
- China
- India
- Central
& South America
- Middle
East & Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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