What Is The Overview Of The Global Gamma Oryzanol Market?
Gamma oryzanol is a natural compound found in rice bran oil, derived from rice bran. It comprises a mixture of ferulic acid esters of phytosterols, primarily ferulic acid, cycloartenol, campesterol, and beta-sitosterol. Gamma oryzanol is known for its potential health benefits and is commonly used as a dietary supplement. It has antioxidant properties and is believed to have various health-promoting effects, including supporting cardiovascular health, reducing inflammation, and possibly aiding muscle recovery and endurance.
Gamma Oryzanol Global Market Report 2024 provides data on the global gamma oryzanol market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Gamma Oryzanol market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Forecasted Market Size And Growth Rates For Global Gamma Oryzanol?
The gamma oryzanol market size has grown strongly in recent years. It will grow from $1.66 billion in 2023 to $1.77 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increased consumer awareness about the health benefits of natural antioxidants, expanded dietary supplements industry, rising use of gamma oryzanol in pharmaceuticals for its cholesterol-lowering and anti-inflammatory properties, increased adoption in sports nutrition products, and growing application in cosmetics for its antioxidant properties and anti-aging benefits. The gamma oryzanol market size is expected to see strong growth in the next few years. It will grow to $2.32 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing preference for clean-label products, growing popularity of functional foods, aging global population, rising awareness and need for products that help prevent lifestyle-related chronic diseases, and increasing consumer and industry focus on sustainable and naturally sourced ingredients. Major trends in the forecast period include innovations in extraction and formulation technologies, growth in personalized nutrition, increased online retailing of health supplements, development of new product formats, such as powders, capsules, and beverages incorporating gamma oryzanol, and innovations in sourcing gamma oryzanol from sustainable and eco-friendly processes.
What Factors Are Driving Growth In The Gamma Oryzanol Market?
The growing demand for natural and functional food ingredients is expected to drive the expansion of the gamma oryzanol market in the future. Natural and functional food ingredients are derived from natural sources and provide additional health benefits beyond basic nutrition. This increased demand stems from rising consumer awareness about health and wellness, a rise in lifestyle-related diseases, and a preference for clean-label and nutrient-rich products. Gamma oryzanol, a key ingredient in this category, enhances the nutritional profile and health benefits of food products, supporting cardiovascular health and providing antioxidant protection. For example, a report published by Agriculture and Agri-Food Canada in February 2022 revealed that retail sales in the health and wellness food and beverage sector in the U.S. reached $191.9 billion in 2021, up from $191.7 billion in 2020. Furthermore, the market for fortified or functional foods and beverages is expected to grow by 15.3%, reaching $218.1 billion in 2025, a 13.8% increase from 2021. Consequently, the growing demand for natural and functional food ingredients is driving the growth of the gamma oryzanol market.
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What Are The Main Segments Of The Global Gamma Oryzanol Market?
The gamma oryzanol market covered in this report is segmented –
1) By Component: 24-Methylene Cycloartanyl Ferulate, Campesteryl Ferulate, Cycloartenyl Ferulate
2) By Application: Sports Supplements, Cosmetics, Animal Feed, Pharmaceuticals
3) By Distribution Channel: Online, Offline
What Emerging Trends Are Influencing The Growth Of The Gamma Oryzanol Market?
Leading companies in the gamma oryzanol market are focusing on developing innovative products, such as vegetarian capsules, to deliver effective doses of gamma oryzanol. These capsules utilize natural antioxidants and cater to consumer preferences for clean-label, nutrient-rich options. For example, in June 2021, Ricela Group, an Indian producer of refined rice bran oil, launched Gamma Oryzanol in a vegetarian capsule format. Each capsule provides a daily dose of 300 mg, with 150 mg of Gamma Oryzanol per capsule. This product aims to offer health benefits like preventing lifestyle diseases, supporting muscle strength, and acting as an antioxidant.
What Is The Largest Region In The Gamma Oryzanol Market?
Europe was the largest region in the gamma oryzanol market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gamma oryzanol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
