Oryzanol Market by Applications (Pharmaceuticals, Cosmetics, Nutraceuticals& Sport Supplements, Animal Feed),Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.
The global oryzanol market is expected to grow from USD 1,320.9 Million in 2017 to USD 4,234.6 Million by 2025 at a CAGR of 7.7% during the forecast period from 2018-2025. Growth of sports supplements industry and rise in health consciousness among consumers owing to the high cholesterol levelarepropelling the market growth
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The pharmaceuticals segment is dominating the market with the highest share of 43.20% in 2017
The applications segment is segmented into pharmaceuticals, cosmetics, nutraceuticals& sports supplements and animal feed. The pharmaceuticals are dominating the market in 2017. Growing health issue occurrences such as high cholesterol, hyperlipidemia, and hormonal changes during menopause have stimulated the oryzanol medicines consumption. Also, the absence of health side effects due to its natural substance makes the product least risky and beneficial to consume.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. TheNorth America region is dominating the market with the highest share of 39.20% in 2017. North America is dominating the market owing to increasing cases of high cholesterol among young and geriatric population which have positively influenced the regional product penetration. High consumer purchasing power along with increasing health awareness programs by the government will encourage the development of health supplements in the region.
The major players of market include Oryza Oil & Fat Chemical, KangCareBioindustry, TSUNO, Henry Lamotte Oils, Okayasu, Delekang Food, JiningAnkang Pharmaceuticals,HonsonPharmatech Group,Xi’an Realin Biotechnology, Shanghai Freemen LLC, Chromadex Inc., and Sunrise Nutrachem Group Co. Ltdand Kangcare.
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