Product Code: PM3917
The global red yeast rice market size is expected to reach USD 938.88 million by 2032, according to a new study by Polaris Market Research. The report "Red Yeast Rice Market Share, Size, Trends, Industry Analysis Report, By Application (Pharmaceutical, Herbal Supplement, Dietary Supplement, Functional Food, Cosmetics, and Others); By Product Type; By Sales Channel; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The continuously growing demand for natural food colors that are produced through natural or plant-extracted solutions and constantly rising research & development activities for red yeast rice application in the food sector as an effective supplement and replacement for synthetic products and pharmaceuticals due to its medicinal properties and other advantages, are among the major prominent factors fostering the demand and growth of the market over the years.
For instance, in June 2023, Sanofi Consumer Healthcare, announced that they are working with AB-BIOTICS in order to launch probiotics delivering benefits beyond the gut health across South Korea. The launch from the mentioned partnership will be sold under the supplement brand Cenovis with product named Superbiotics Cholesterol.
In recent years, there has been a significantly rising utilization of the products for the production of alcoholic beverages and several fermented food products, coupled with the growing adoption of nutritional and sustainable diets by consumers looking to adopt healthier lifestyles because of the growing prevalence of the mental health issues like stress all over the world, has been positively impacting the market growth at a rapid pace.
Furthermore, leading product manufacturers are developing enhanced formulations by combining red yeast rice with other natural ingredients that are well known for their health benefits, such as coenzyme Q10, omega-3 fatty acids, and plant sterols, mainly aimed to provide a more comprehensive approach to heart health, which in turn, creating huge growth potential for the market in the near future.
Red Yeast Rice Market Report Highlights
- Dietary supplement segment accounted for noteworthy share, owing to growing consumption of various types of dietary supplement worldwide
- Capsule & tablet segment held the substantial market share, mainly due to widespread availability of capsule type red yeast rice and their advantageous characteristics
- E-commerce segment will growth at significant pace, mainly attributable to surge in the number of digital buyers and emergence on online shopping platforms
- Europe region dominated the global market, on account greater consumption of product because of its numerous health advantages over synthetic products
- The key market players include NOW Health Group, Plamed Green Science Group, The Bountiful Company, Purelife Bioscience, and Jarrow Formulas
Polaris Market Research has segmented the red yeast rice market report based on application, product type, sales channel, and region:
Red Yeast Rice, Application Outlook (Revenue - USD Million, 2019 - 2032)
- Pharmaceutical
- Herbal Supplement
- Dietary Supplement
- Functional Food
- Cosmetics
- Others
Red Yeast Rice, Product Type Outlook (Revenue - USD Million, 2019 - 2032)
- Capsule & Tablet
- Powder Extract
- Liquid
Red Yeast Rice, Sales Channel Outlook (Revenue - USD Million, 2019 - 2032)
- Supermarket
- Specialty Store
- Pharmaceutical Store
- E-commerce
- Others
Red Yeast Rice, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Red Yeast Rice Market Insights
- 4.1. Red Yeast Rice Market - Sales Channel Snapshot
- 4.2. Red Yeast Rice Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising importance of maintaining cholesterol levels
- 4.2.1.2. Increasing consumer desire for health lifestyle
- 4.2.2. Restraints and Challenges
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Red Yeast Rice Market Sales Channel Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Red Yeast Rice Market, by Application
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 5.3. Pharmaceutical
- 5.3.1. Global Red Yeast Rice Market, by Pharmaceutical, by Region, 2019-2032 (USD Billion)
- 5.4. Herbal Supplement
- 5.4.1. Global Red Yeast Rice Market, by Herbal Supplement, by Region, 2019-2032 (USD Billion)
- 5.5. Dietary Supplement
- 5.5.1. Global Red Yeast Rice Market, by Dietary Supplement, by Region, 2019-2032 (USD Billion)
- 5.6. Functional Food
- 5.6.1. Global Red Yeast Rice Market, by Functional Food, by Region, 2019-2032 (USD Billion)
- 5.7. Cosmetics
- 5.7.1. Global Red Yeast Rice Market, by Cosmetics, by Region, 2019-2032 (USD Billion)
- 5.8. Others
- 5.8.1. Global Red Yeast Rice Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Red Yeast Rice Market, by Product Type
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 6.3. Capsule & Tablet
- 6.3.1. Global Red Yeast Rice Market, by Capsule & Tablet, by Region, 2019-2032 (USD Billion)
- 6.4. Powder Extract
- 6.4.1. Global Red Yeast Rice Market, by Powder Extract, by Region, 2019-2032 (USD Billion)
- 6.5. Liquid
- 6.5.1. Global Red Yeast Rice Market, by Liquid, by Region, 2019-2032 (USD Billion)
7. Global Red Yeast Rice Market, by Sales Channel
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.3. Supermarket
- 7.3.1. Global Red Yeast Rice Market, by Supermarket, By Region, 2019-2032 (USD Billion)
- 7.4. Specialty Store
- 7.4.1. Global Red Yeast Rice Market, by Specialty Store, By Region, 2019-2032 (USD Billion)
- 7.5. Pharmaceutical Store
- 7.5.1. Global Red Yeast Rice Market, by Pharmaceutical Store, By Region, 2019-2032 (USD Billion)
- 7.6. E-commerce
- 7.6.1. Global Red Yeast Rice Market, by E-commerce, By Region, 2019-2032 (USD Billion)
- 7.7. Others
- 7.7.1. Global Red Yeast Rice Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Red Yeast Rice Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Red Yeast Rice Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Red Yeast Rice Market - North America
- 8.3.1. North America: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.3.2. North America: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.3.3. North America: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.3.4. Red Yeast Rice Market - U.S.
- 8.3.4.1. U.S.: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.3.5. Red Yeast Rice Market - Canada
- 8.3.5.1. Canada: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.4. Red Yeast Rice Market - Europe
- 8.4.1. Europe: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.4.3. Europe: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.4. Red Yeast Rice Market - UK
- 8.4.4.1. UK: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.5. Red Yeast Rice Market - France
- 8.4.5.1. France: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.4.5.3. France: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.6. Red Yeast Rice Market - Germany
- 8.4.6.1. Germany: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.7. Red Yeast Rice Market - Italy
- 8.4.7.1. Italy: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.8. Red Yeast Rice Market - Spain
- 8.4.8.1. Spain: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.9. Red Yeast Rice Market - Netherlands
- 8.4.9.1. Netherlands: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.10. Red Yeast Rice Market - Russia
- 8.4.10.1. Russia: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.5. Red Yeast Rice Market - Asia Pacific
- 8.5.1. Asia Pacific: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.4. Red Yeast Rice Market - China
- 8.5.4.1. China: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.5.4.3. China: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.5. Red Yeast Rice Market - India
- 8.5.5.1. India: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.5.5.3. India: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.6. Red Yeast Rice Market - Malaysia
- 8.5.6.1. Malaysia: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.7. Red Yeast Rice Market - Japan
- 8.5.7.1. Japan: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.8. Red Yeast Rice Market - Indonesia
- 8.5.8.1. Indonesia: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.9. Red Yeast Rice Market - South Korea
- 8.5.9.1. South Korea: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.6. Red Yeast Rice Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.6.4. Red Yeast Rice Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.6.5. Red Yeast Rice Market - UAE
- 8.6.5.1. UAE: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.6.6. Red Yeast Rice Market - Israel
- 8.6.6.1. Israel: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.6.7. Red Yeast Rice Market - South Africa
- 8.6.7.1. South Africa: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.7. Red Yeast Rice Market - Latin America
- 8.7.1. Latin America: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.7.4. Red Yeast Rice Market - Mexico
- 8.7.4.1. Mexico: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.7.5. Red Yeast Rice Market - Brazil
- 8.7.5.1. Brazil: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
- 8.7.6. Red Yeast Rice Market - Argentina
- 8.7.6.1. Argentina: Red Yeast Rice Market, by Application, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Red Yeast Rice Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Red Yeast Rice Market, by Product Type, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Alesco Srl.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Amazing Nutrition
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Giellepi SpA
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Jarrow Formulas Inc.
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Natures Plus
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. NOW Health Group Inc.
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Plamed Green Science Group
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Purelife Bioscience Co. Ltd.
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. SunWay Biotech Co.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Swanson
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Sylvan Wellness
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. The Bountiful Company
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Xi'an Sost Biotech Co. Ltd.
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. YT Biochem Co. Ltd.
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development