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Oryzenin Market Size
Oryzenin Market size was valued at around USD 195 million in 2022 and is estimated to reach USD 676.4 million till 2032. Oryzenin is a plant-based protein, and there is a rising demand for plant-based protein sources due to increased awareness of sustainability, environmental concerns, and health benefits associated with reducing animal-based protein consumption.
As the number of individuals following vegan and vegetarian diets increases, there is a growing demand for plant-based protein alternatives like oryzenin. Oryzenin is gluten-free and hypoallergenic, making it suitable for individuals with gluten sensitivity or allergies to other protein sources. The demand for gluten-free and allergen-friendly products is on the rise.
| Report Attributes | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 195 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 13.2% |
| 2032 Value Projection: | USD 676.4 Million |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 191 |
| Segments covered: | Type, Functionality, Application, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The cost of producing oryzenin and its derived products can be higher than traditional protein sources. The oryzenin industry relies on a stable supply of rice as the raw material. Any disruptions in rice production or supply chain can impact the availability and pricing of oryzenin. Oryzenin and its derived products must meet regulatory standards for safety and quality.
COVID-19 Impact
The food industry, which includes manufacturers of oryzenin-based products, faced challenges during the pandemic due to restaurant closures, reduced foodservice operations, and changes in consumer preferences. This impacted the overall demand for oryzenin as an ingredient.
Oryzenin Market Trends
Oryzenin is a suitable alternative for formulating vegan and vegetarian products, and food manufacturers are incorporating oryzenin into a wide range of plant-based food and beverage offerings. Oryzenin is gaining traction in the sports nutrition industry due to its complete amino acid profile and ability to support muscle recovery and growth. It is increasingly used in protein powders, bars, and sports drinks. The rising popularity of plant-based diets and the increasing awareness of the environmental and health benefits of reducing meat consumption have driven the demand for plant-based proteins, including oryzenin.
Oryzenin Market Analysis
Based on type, the oryzenin market is segmented as oryzenin concentrates, oryzenin isolates, others. Oryzenin Concentrates held a majority market value of USD 93.6 million in 2022. Oryzenin concentrates have a higher protein content, making them suitable for applications that require a higher protein concentration, such as sports nutrition products and protein supplements. Oryzenin concentrates are sought after in the sports nutrition industry due to their ability to support muscle recovery and growth.
Based on functionality, the oryzenin market is segmented as emulsifying, foaming, gelling, others. Emulsifying box held a dominant industry share of around 40% in 2022. Oryzenin's functionality as a texturizing and emulsifying agent is valued in the food industry. It improves the texture and mouthfeel of certain food products and enhances the stability of emulsions.
Based on application the oryzenin market is segmented as dietary supplements, food & beverages, animal feed, others. Food & beverages segment is anticipated to grow at 11.7% CAGR by 2032. Oryzenin is used in the formulation of various plant-based food products, including meat analogs, dairy alternatives, plant-based beverages, and snacks, to enhance their nutritional content and appeal to health-conscious consumers.
U.S. dominated the North American region with majority oryzenin market share and a revenue of USD 52.3 million in 2022. North America has witnessed a significant rise in the demand for plant-based proteins due to increasing awareness of the health and environmental benefits associated with reducing meat consumption. Oryzenin, as a plant-based protein, aligns with this trend and is sought after as a sustainable and nutritious protein source.
Oryzenin Market Share
- Some of the major oryzenin market players operating in the:
- Axiom Foods, Inc.
- RiceBran Technologies
- Bioway (Xi'an) Organic Ingredients Co., Ltd.
- Golden Grain Group Limited
- Nutra Food Ingredients
- Shaanxi Fuheng (FH) Biotechnology Co., Ltd.
- AIDP, Inc.
- Kerry Group plc
- BENEO GmbH
- Ribus, Inc.
- Taiyo International
- WFM Brown, LLC
- Rice Protein Corporation
- The Green Labs LLC
- Greenway Organics among others.
Oryzenin Industry News:
- In Jan 2022, Kerry announced the official opening of a new 21,500-square-foot facility at its Jeddah operation in the Kingdom of Saudi Arabia. Over the past four years, the company invested over EUR 80 million in the region. It was announced that the products manufactured at the new facility would be supplied across the Middle Eastern region.
Oryzenin market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:
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By Type
- Oryzenin Concentrates
- Oryzenin Isolates
- Others
By Functionality
- Emulsifying
- Foaming
- Gelling
- Others
By Application
- Dietary Supplements
- Food & Beverages
- Animal Feed
- Others
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
Frequently Asked Questions (FAQ) :