Market Size of Oryzenin Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.05 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Oryzenin Market Analysis
The Oryzenin Market is projected to register a CAGR of 7.05% over the forecast period.
The oryzenin market is one of the emerging markets, with a rise in demand for oryzenin across various industries for its gluten-free properties and other such characteristics. The increased incidences of gluten intolerance and lactose intolerance among consumers across the world have led to the growth of protein alternatives that are gluten-free and lactose-free. Oryzenin or rice glutelin is a rich source of essential amino acids and is especially important because it does not lead to side effects such as celiac disease. According to Ministero della Salute (Ministry of Health of Italy), in 2020, there were 107,123 people with celiac disease in North Italy. Furthermore, 51,714 patients from the South, 50,175 from the center, and 24,675 from the islands of Italy suffered from celiac disease. Such conditions are not only limited to Italy but are spotted across the world, hence creating opportunities for the growth of the oryzenin market worldwide.
With consumers increasingly moving towards a vegan diet, oryzenin presents the right alternative for gluten-intolerant vegan consumers to cater to their daily protein needs. From a manufacturing perspective, rice proteins generally have a lower cost of production and are abundantly available as raw materials. Moreover, oryzenin has better gelling properties and high protein content. The rising awareness regarding healthy and sustainable foods led to an increase in the demand for plant protein-based meat alternatives around the world. Moreover, the popularity of food products with the label 'free from' has encouraged consumers to adopt a 'clean living' with healthy dietary preferences. Hence, companies like Axiom Foods have been positioning the oryzenin offered by them as non-GMO, gluten-free, low-sodium, etc. These factors have been driving the sales of oryzenin ingredients across various market segments, which are increasingly used as ingredients in products that are perceived as mainstream lifestyle products.
