Published by Persistence MarketResearch
Posted on October 7, 2021
There are a number of factors that are responsible for hindering the growth of the global market for red yeast rice, and the most prominent among those include government restrictions and mandatory food safety regulations, both, region specific and international. Another factor is the reliance on cheaper solutions for food colors, basically the synthetic options available across the world.
The global red yeast rice market is set to witness growth at a CAGR of 8.6% through 2031, and be valued at over US$ 1.2 Bn.
Demand for healthy foods is increasing across the world, which is one of the key reasons for increased utilization of food-enriching products such as red yeast rice. Increasing millennial population and their work-centric lifestyles are converging to high demand for products that simply don’t just provide energy for carrying out daily activities but also aid in enhancing bodily functions.
Red yeast rice has recently been introduced in the healthcare industry owing to its feature of being a top natural remedy for managing and/or controlling high cholesterol levels in the body. It contains constituents that are often found in prescription medicines and has the potential to positively impact a number of diseases. Further, due to its vibrant natural color, red yeast rice is also being used in cosmetic products on a large scale.
Driving demand for red yeast rice is driven the most for use in dietary supplements, and the global market is set to expand approx. 2.4X over the next ten years.
Request for sample PDF of report: https://www.persistencemarketresearch.com/samples/17791
Key Takeaways from Market Study
Get customized report by asking an expert: https://www.persistencemarketresearch.com/ask-an-expert/17791
“Red yeast rice has varied applications in food & beverages, cosmetics & personal care products, retail/household, and most importantly, in dietary supplements, which are anticipated to be the main demand accelerator for red yeast rice sales over the coming years,” says a Persistence Market Research analyst.
Competitive Landscape
Key manufacturers are emphasizing on offering products that suit evolving trends so as to keep ahead of their competitors. Moreover, players are obtaining quality certifications from various authentic and trusted certification providers to ensure a wide acceptability of their products.
Get full access of report: https://www.persistencemarketresearch.com/checkout/17791
Explore More Valuable Insights
Persistence Market Research, in its new report, offers an impartial analysis of the global red yeast rice market, presenting historical data (2016-2020) and estimation statistics for the forecast period of 2021-2031.
The study offers compelling insights on the basis of end use (food & beverages, cosmetic & personal care, retail/household, and dietary supplements) and distribution channel (business to business and business to consumers), across seven major regions of the world.
Related Reports:
About Persistence Market Research:
Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
Overview:
Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.
Contact
Rajendra Singh
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA – Canada Toll-Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Visit Our Website: https://www.persistencemarketresearch.com
The post What are the Factors Restraining Growth of Red Yeast Rice Suppliers? appeared first on Lake Shore Gazette.
There are a number of factors that are responsible for hindering the growth of the global market for red yeast rice, and the most prominent among those include government restrictions and mandatory food safety regulations, both, region specific and international. Another factor is the reliance on cheaper solutions for food colors, basically the synthetic options available across the world.
The global red yeast rice market is set to witness growth at a CAGR of 8.6% through 2031, and be valued at over US$ 1.2 Bn.
Demand for healthy foods is increasing across the world, which is one of the key reasons for increased utilization of food-enriching products such as red yeast rice. Increasing millennial population and their work-centric lifestyles are converging to high demand for products that simply don’t just provide energy for carrying out daily activities but also aid in enhancing bodily functions.
Red yeast rice has recently been introduced in the healthcare industry owing to its feature of being a top natural remedy for managing and/or controlling high cholesterol levels in the body. It contains constituents that are often found in prescription medicines and has the potential to positively impact a number of diseases. Further, due to its vibrant natural color, red yeast rice is also being used in cosmetic products on a large scale.
Driving demand for red yeast rice is driven the most for use in dietary supplements, and the global market is set to expand approx. 2.4X over the next ten years.
Request for sample PDF of report: https://www.persistencemarketresearch.com/samples/17791
Key Takeaways from Market Study
Get customized report by asking an expert: https://www.persistencemarketresearch.com/ask-an-expert/17791
“Red yeast rice has varied applications in food & beverages, cosmetics & personal care products, retail/household, and most importantly, in dietary supplements, which are anticipated to be the main demand accelerator for red yeast rice sales over the coming years,” says a Persistence Market Research analyst.
Competitive Landscape
Key manufacturers are emphasizing on offering products that suit evolving trends so as to keep ahead of their competitors. Moreover, players are obtaining quality certifications from various authentic and trusted certification providers to ensure a wide acceptability of their products.
Get full access of report: https://www.persistencemarketresearch.com/checkout/17791
Explore More Valuable Insights
Persistence Market Research, in its new report, offers an impartial analysis of the global red yeast rice market, presenting historical data (2016-2020) and estimation statistics for the forecast period of 2021-2031.
The study offers compelling insights on the basis of end use (food & beverages, cosmetic & personal care, retail/household, and dietary supplements) and distribution channel (business to business and business to consumers), across seven major regions of the world.
Related Reports:
About Persistence Market Research:
Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
Overview:
Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.
Contact
Rajendra Singh
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA – Canada Toll-Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Visit Our Website: https://www.persistencemarketresearch.com
The post What are the Factors Restraining Growth of Red Yeast Rice Suppliers? appeared first on Lake Shore Gazette.
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