Oryzenin Market Share, Size, Trends, Industry Analysis Report, By Type (Isolates, Concentrates, Hydrolysates, and Others); By Form; By Function; By Application; By Region; Segment Forecast, 2024-2032
- Published Date:Jan-2024
- Pages: 112
- Format: PDF
- Report ID: PM3459
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global oryzenin market size and share was valued at USD 219.9 million in 2023 and is expected to grow at a CAGR of 10.60 % during the forecast period. Oryzenin is a protein found in rice, specifically in the endosperm, which is part of the rice grain that is commonly consumed. It is low in fat, cholesterol-free, and gluten-free, making it an attractive protein source for those with dietary restrictions or health concerns. It is a natural, non-GMO, and allergen-free protein source, which aligns with the clean-label trend in the food industry. Oryzenin is increasingly used as a plant-based protein source in various food products, including sports and energy nutrition, meat alternatives, and baked goods.
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The COVID-19 pandemic has positively and negatively impacted the global Oryzenin Market. On the one hand, the demand for plant-based protein sources, including oryzalin, has increased due to a growing interest in healthier and more sustainable food options and concerns over the potential risks associated with consuming animal-based products. Additionally, the pandemic has led to disruptions in global supply chains, which has resulted in a greater focus on locally sourced ingredients, including oryzalin.
However, the pandemic has also had negative impacts on the global market. The closure of restaurants and other food service establishments has decreased demand for many food ingredients, including oryzalin. Additionally, the economic impacts of the pandemic have led to decreased consumer spending and a reduction in overall food production, which has had a knock-on effect on the demand for oryzalin.
The oryzenin market report is a comprehensive assessment of all the opportunities and challenges in the industry. It covers all the recent innovations and major events in the industry while shedding light on the key market features such as CAGR, supply/demand, cost, production rate, and consumption. Along with that, the study offers a thorough analysis of the key market dynamics and latest trends to help businesses develop strategies that will drive oryzenin industry growth.
Industry Dynamics
Growth Drivers
The surging consumption of meat alternatives among the huge population is one of the leading factors booming global market sales. Meat alternatives, such as plant-based burgers, sausages, and meatballs, are becoming increasingly popular among consumers looking for more sustainable, ethical, and healthier food options. With retail sales of plant-based meat in 2021 passing US$ 5 billion globally, consumer curiosity in effective alternatives to conventional animal products continues to enhance worldwide. Oryzenin is a key ingredient in many meat alternative products due to its high protein content and texturizing properties. Therefore, the global market is growing substantially at a rapid pace.
Escalating investment in rice protein products due to their significant properties is another growth factor fuelling the market’s growth worldwide. Rising concerns about the environmental impact of animal agriculture and a desire for allergen-free protein sources are improving the trend of using rice protein as an alternative to animal-based protein sources. For example, Axiom Foods and Brenntag Food & Nutrition signed an agreement to distribute plant-based products such as rice and pea proteins in EMEA, apart from the UK & Ireland. Such strategies for developing rice proteins like oryzalin are dramatically broadening the market value worldwide.
Report Segmentation
The market is primarily segmented based on type, form, function, application, and region.
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By Form |
By Function |
By Application |
By Region |
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Concentrates segment held the largest share of the global market in 2022
In the fiscal year 2022, the concentrates segment held the largest market share as it is a highly purified rice protein isolate with several potential benefits and applications. This type typically contains over 80% protein by weight, making it a rich source of amino acids and a suitable ingredient for protein fortification in food products. Also, it is a natural, non-GMO, and sustainable protein source, which aligns with the clean-label trend in the food industry.
As more consumers shift towards plant-based diets, the demand for proteins like concentrated oryzalin increases. Combining high protein content, improved functionality, low allergenicity, sustainability, and growing demand for plant-based proteins makes concentrated oryzalin dominant in the oryzalin market.
Dry segment dominated the global market in 2022
In 2022, the dry segment held the highest position in the market. Dry oryzalin has a longer shelf life than liquid oryzalin, making it easier to transport, store, and use in food products. It can be easily incorporated into various food products, including baked goods, snacks, beverages, and meat alternatives. Easy-to-handling features of dry products are gaining huge popularity among different end users.
Furthermore, shelf stability, versatility, ease of handling, cost-effectiveness, and growing demand for plant-based proteins are attributed to the growth of this segment, with the largest market share. However, it's worth noting that liquid oryzalin also has its unique advantages and applications in the food industry, particularly in certain formulations such as beverages and nutritional supplements.
North America held the largest share of the global market in 2022
In the fiscal year 2022, North America is expected to lead the largest market share. Growing adoption of meat alternatives, availability of various products, investments among market players, and many other factors are attributed to the market's development in this region. The plant-based food industry is progressively expanding at a rapid pace across North American countries. For example, there has been almost a 250% rise in vegetarians in Canada. Currently, there are more than 2.3 million vegetarians and nearly 850,000 vegans. As a result, the shift towards healthy food and veganism is ultimately heightening the sales of oryzalin in North America.
The oryzanol market has experienced significant growth across the Asia-Pacific region over the past few years. Several factors are attributed to the expansion of the market, which involves the escalation in awareness of dairy alternatives, plant-based meat, and other gluten-free products throughout the prime parts of the Asia-Pacific region. The vast manufacturing base of raw materials for oryzalin processing is a key factor in the development of the market. For example 2021, China produced 214 million tonnes of paddy rice. Despite significant fluctuations in recent years, China's paddy rice production generally increased from 1972 to 2021, reaching 214 million tonnes in 2021. As a result, the demand for oryzalin is also improving and further bolstering the market growth.
Competitive Insight
The global oryzenin market involves Ribus, Inc., RiceBran Technologies, Bioway (Xi'An) Organic Ingredients, Axiom Foods, The Green Labs, BENEO, Golden Grain Group, AIDP, Kerry Group, and Beike Biotechnology.
Recent Developments
- In July 2021, Barebell Company launched two new products, Salty Peanut & Hazelnut, and Nougat, and entered the plant-based protein category. The products have 15 grams of protein with 9 grams of fats and provide about 210 calories per bar. Soy protein, rice protein (Oryzenin), and pea protein are plant-based proteins used to produce this product.
Oryzenin Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 242.74 million |
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Revenue Forecast in 2032 |
USD 542.30 million |
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CAGR |
10.60 % from 2023– 2032 |
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Base year |
2023 |
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Historical data |
2019– 2022 |
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Forecast period |
2024– 2032 |
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Quantitative units |
Revenue in USD million/billion and CAGR from 2024 to 2032 |
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Segments Covered |
By Type, By Form, By Function, By Application, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key Companies |
Ribus, Inc., RiceBran Technologies, Bioway (Xi'An) Organic Ingredients Co., Ltd, Axiom Foods, Inc., The Green Labs LLC, BENEO, Golden Grain Group Limited, AIDP Inc, Kerry Group and Beike Biotechnology Co., Ltd. |
Navigate through the intricacies of the 2024 oryzenin market with precision, thanks to the comprehensive statistics on market share, size, and revenue growth rate assembled by Polaris Market Research Industry Reports. This thorough analysis not only provides a glimpse into the historical context but also extends its reach with a market forecast outlook until 2032. Immerse yourself in the richness of this industry analysis by securing a complimentary PDF download of the sample report.
FAQ's
The global oryzenin market size is expected to reach USD 542.30 million by 2032.
Top market players in the Oryzenin Market are Ribus, Inc., RiceBran Technologies, Bioway (Xi'An) Organic Ingredients, Axiom Foods, The Green Labs, BENEO.
North America contribute notably towards the global Oryzenin Market.
The global oryzenin market expected to grow at a CAGR of 10.5% during the forecast period.
The Oryzenin Market report covering key are type, form, function, application and region.
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