Red Yeast Rice Market
Red Yeast Rice Market Analysis By Application Type (Pharmaceutical, Herbal Supplement, Dietary supplement, Functional food), By Types (Capsule & tablet, Powder extract, Liquid), & By sales Channel & Region - Global Market Insights 2022 to 2032
Analysis of Red Yeast Rice Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Red Yeast Rice Market Outlook (2022 to 2032)
Monacolin K-rich red yeast rice products have the potential to significantly decrease blood pressure, blood sugar, and cholesterol. Additionally, they might lower the risk of death and heart issues in those who have metabolic syndrome. The demand in this market is anticipated to gain traction in the forecast period due to accelerated health awareness.
Red yeast rice, one of the best all-natural treatments for high cholesterol, is one of the few dietary supplements with active components that are almost exactly the same as those in over-the-counter medicines. Additionally, it has advantages beyond decreasing cholesterol, since emerging research indicates that it may also have advantages for inflammation, metabolic syndrome, blood sugar levels, and other conditions.
Don't Need a Global Report?
save 40%! on Country & Region specific reports
What are the drivers of demand in this market?
This rice is considered a cost-effective alternative to conventional medications that help to reduce cholesterol levels and further support good health for the heart. Red yeast rice, one of the best all-natural treatments for high cholesterol, is one of the few dietary supplements with active components that are almost exactly the same as those in over-the-counter medicines.
Additionally, this rice has advantages beyond decreasing cholesterol, since emerging research indicates that it may also have advantages for inflammation, metabolic syndrome, blood sugar levels, and other conditions.
The market is primarily driven due to its key application as a health product and food additive. The therapeutic application of this rice is increasing its demand and contributing to market growth, as it contains monacolin K, which is the main substitute for the cholesterol-lowering drug lovastatin.
Also, the demand in the market is increasing more in some specific regions where it is being used as a food additive. Also, the availability of regional suppliers and retail stores will enhance the demand and market growth. But the side effect of the market is lowering its demand. Some red yeast rice products contain a contaminant called citrinin, which can cause kidney failure.
What are the concerns associated with consumption?
The amount of monacolin K present in these products cannot be determined by consumers. Monacolin K and lovastatin concentrations are typically not listed on product labels.
Studies have demonstrated that minor side effects, such as headaches, heartburn, and upset stomach, can occur. Elevated levels of liver enzymes, elevated levels of muscle enzymes, liver issues, and problems with the muscles are all side effects of prescription lovastatin.
However, further investigation is required before we can determine the extract's long-term safety. We are aware that some varieties may be more hazardous than others due to high concentrations of other chemicals, such as citric acid.
Monacolin K, may be present and cause liver damage in some persons, and Red yeast rice consumption may raise the risk of liver damage when used with these medications, medicines, and supplements. Niacin used at large doses along with this rice may raise the risk of myopathy.
Red yeast rice products have not been studied for safety during pregnancy or breastfeeding. Consuming products while pregnant or nursing is not advised. The above-mentioned concerns might impact the market growth and sales of manufacturers.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
How do regulatory measures by FDA are applicable to products?
The FDA states that lovastatin, which is structurally identical to monacolin K, cannot be added to or enhanced products for the purpose of marketing them as dietary supplements in the US. The FDA's approval of lovastatin as a novel medicine before it was ever promoted as a food or dietary supplement forms the basis for this rule.
The FDA sent warning letters to businesses selling these products that had lovastatin increased or added on many times, advising them to fix their breaches.
What competitive landscape has to say?
The competition in the market is at a moderate rate as the demand is stagnant in the global market. The competition in the market is between retail suppliers, distributors, and third-party online channels. The product is easily available on these online channels at a good price with a variety of products and home delivery options. Consumers are more attracted to buy products from these channels creating competition in the market.
Red Yeast Rice Market- Key Segments
On the basis of Application Type :
- Herbal Supplement
- Dietary supplement
- Functional food
According to the Types :
- Capsule & tablet
- Powder extract
On the basis of Sales Channels :
- Super Market
- Specialty Store
- Pharmaceutical Stores
- E-commerce Websites
- Another Retail Format
On the basis of Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia & New Zealand
- Middle East and Africa
- S. Africa
- N. Africa
- North America
- FAQs -
China is the most prominent region for the market as it is also used as a food additive in this country.
The market is primarily driven due to its key application as a health product and food additive.
The number of the consumers in Asia region is more as compared to the other regions.