Oryzanol Market demand is propelled by increasing health consciousness among consumers pertaining to the high cholesterol level.
Sellbyville, DE -- (SBWIRE) -- 05/14/2019 -- Global Market Insights, Inc. has launched a report on Oryzanol Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.
Pharmaceuticals dominated the overall industry demand and accounts for more than half of the volume share in 2018. Rising heart related diseases due to high occurrence of LDL among population of all age groups has surged the consumption of cholesterol control medicines. As cholesterol doesn't have any specific symptoms which induce the consumer to keep a check on health and take precautionary medicines.
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Increasing consumer healthcare spending on dietary supplements and medicines to maintain a healthy lifestyle will promote the oryzanol market growth. The ingredient is highly beneficial due to its high cholesterol controlling properties. Large product availability along with safety approvals from the FDA has promulgated the product demand in various industries including cosmetics, nutraceuticals, and pharmaceuticals.
Shifting trends towards fitness has created the demand for sport supplements to help in body building among young population. Oryzanol based sport supplements are considered to be highly safe due to its natural extraction from the rice bran oil. No legal limitation over its consumption makes it more popular among athletes.
Increasing government focus to expand the oryzanol production due to its highly beneficial properties and currently underutilized production capacity will fuel the industry production expansion. The industry will witness downward price trend owing to increasing extraction process which will result into more product availability and high competition in the oryzanol market.
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The ingredient is used in anti-aging, skin whitening, and sunblock creams in the cosmetic industry. Rich in antioxidants and scavenging toxicity from the skin has made the product popular in skin care applications. Cosmetic sector is expected to observe more than 12% growth up to 2025 in oryzanol market.
Oryzanol market nutraceuticals & sport supplements application is set to observe over 14% CAGR up to 2025. Rising fitness trends along with increasing consumer spending on self-development products with respect to appearance has stimulated the oryzanol based sport supplements demand.
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North America oryzanol market is projected to witness over 14% CAGR from 2018 to 2025. High consumer spending along with increasing health awareness programs by the government to control premature deaths from heartache will drive the regional industry growth. It is estimated that in the U.S. over 50% of the adult population take prescribed cholesterol control remedies.
The global oryzanol market share is consolidated and focused in Asia Pacific region. TSUNO, Oryza Oil & Fat Chemical, Okayasu, Delekang Food, Henry Lamotte Oils, Kangcare, and Jining Ankang Pharmaceuticals are among the key industry players. Predictions pertaining to production capacity expansion and entrance of new industry players due to large availability of resources will impact the market share during the forecast period.
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