Red Yeast Rice Market
Red Yeast Rice Market Forecasts to 2030 - Global Analysis By Product Type (Powder, Extracts, Fermented Products, Capsule & Tablet and Other Product Types), Distribution Channel, Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $1.1 BN |
|
Projected Year Value (2030) |
US $2.4BN |
|
CAGR (2023 - 2030) |
12.4% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Red Yeast Rice Market is accounted for $1.1 billion in 2023 and is expected to reach $2.4 billion by 2030 growing at a CAGR of 12.4% during the forecast period. Red Yeast Rice (RYR) is a traditional Chinese culinary and medicinal product made by fermenting rice with the Monascus purpureus mold. It contains naturally occurring compounds known as monacolins, with monacolin K being identical to lovastatin, a cholesterol-lowering medication. RYR has been used for centuries in traditional Chinese medicine to promote cardiovascular health. Its active compounds are believed to inhibit cholesterol synthesis and lower LDL (""bad"") cholesterol levels. Some people use RYR as a natural alternative for managing cholesterol levels.
Market Dynamics:
Driver:
Rising awareness of natural cholesterol-lowering solutions
As consumers become more health-conscious and seek alternatives to synthetic medications, red yeast rice, known for its potential to lower cholesterol levels, has gained popularity. The rising awareness of the adverse effects associated with conventional cholesterol-lowering drugs has driven individuals toward natural remedies. Consumers are actively seeking products like red yeast rice that offer a natural approach to managing cholesterol without compromising overall health. Thus, the demand for red yeast rice has surged as people recognize its historical use in traditional medicine and its alignment with the broader trend of embracing natural, plant-based solutions for health and wellness.
Restraint:
Safety concerns and potential side effects
Safety concerns surrounding red yeast rice cast a shadow over the market. Unlike strictly regulated prescription drugs, red yeast rice can cause muscle aches, digestive issues, and interact with other medications. These potential side effects raise red flags for both consumers and healthcare professionals. Consumers wary of unintended consequences may opt for established medications. Further doctors, prioritizing patient safety, might hesitate to recommend red yeast rice due to the lack of long-term data and potential interactions with current medications.
Opportunity:
Growing prevalence of cardiovascular diseases
Cardiovascular health concerns escalate globally; there is an increased demand for natural solutions that can contribute to cholesterol management, a key factor in cardiovascular health. Red yeast rice, containing compounds like monacolins, which may help lower cholesterol levels, has gained attention as a potential preventive measure against heart-related issues. The rise in CVD cases has prompted individuals to seek proactive approaches to manage heart health, driving the adoption of red yeast rice supplements contributing to the market growth.
Threat:
Competition from established cholesterol-lowering drugs
The dominance of established cholesterol-lowering medications throws a significant hurdle at the red yeast rice market. These prescription drugs boast a long history of proven effectiveness, extensive clinical research, and the trust of doctors. This makes them the go-to option for many healthcare providers, hindering red yeast rice's integration into mainstream cholesterol management. Furthermore, established drugs may be covered by insurance, making them a more cost-effective choice for some patients compared to out-of-pocket expenses for red yeast rice.
Covid-19 Impact
The COVID-19 pandemic impacted the red yeast rice market in two key ways. Firstly, the focus shifted towards immediate health concerns. People prioritized treating and preventing COVID-1chronic health conditions like high cholesterol took a backseat. This led to a decline in demand for supplements like red yeast rice. This made it difficult for manufacturers to source ingredients and distributors to deliver the product, hindering overall market activity. While the market is expected to recover as people resume focusing on preventative healthcare, the pandemic's effects are likely to be felt for some time.
The powder segment is expected to be the largest during the forecast period
The powder segment is estimated to have a lucrative growth, owing to ease of incorporation into various food and beverage products, expanding its usage beyond traditional supplements. This innovation caters to consumer preferences for convenient and customizable consumption, driving demand and market growth. Additionally, powdered Red Yeast Rice often retains its nutritional benefits, maintaining its cholesterol-lowering properties encourage the market growth.
The dietary supplements segment is expected to have the highest CAGR during the forecast period
The dietary supplements segment is anticipated to witness the highest CAGR growth during the forecast period, due to widely recognized for its potential cholesterol-lowering benefits, it has become a sought-after ingredient in cardiovascular health supplements. The incorporation of Red Yeast Rice into dietary supplements has expanded its consumer reach, offering individuals a convenient and standardized way to incorporate its health benefits into their daily routines. The demand for combination supplements, blending Red Yeast Rice with other heart-healthy ingredients, has further amplified its market presence.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period because red yeast rice has been traditionally used in Asian cuisines for its distinctive flavor and color. It is often used to impart a reddish hue to food, as well as for its subtle sweet taste. Moreover, red yeast rice has gained popularity for its potential health benefits, particularly in managing cholesterol levels. Some studies suggest that the monacolin K in red yeast rice may help a lower LDL cholesterol level which boosts the market growth.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, as red yeast rice is often marketed and consumed in North America as a dietary supplement, particularly for its potential cholesterol-lowering properties. Consumers may use red yeast rice supplements as a natural alternative to traditional statin medications. Additionally, various companies in North America may produce and distribute red yeast rice supplements and competition in the market can involve factors such as product quality, brand reputation, and marketing strategies.
Key players in the market
Some of the key players in the Red Yeast Rice Market include Shanghai Fengyi Biotechnology Co., Ltd, Nutraceuticals International Group, Golden Grain Group Limited, Zhejiang Sanhe Bio-Tech Co., Ltd., Nanjing Zelang Medical Technology Co., Ltd., Wuhan Jiacheng Biotechnology Co., Ltd, Fermentek Biotechnology, Hebei Food Additive Co., Ltd., CSPC Pharmaceutical Group Limited, Alesco S.r.L., Amazing Nutrition, Giellepi SpA, Sylvan Wellness, PLAMED Green Science Group, NOW Health Group, Purelife Bioscience Co Ltd, Natural Plus and Swanson
Key Developments:
In January 2024, NOW Sports Named Official Sports Nutrition Partner of the Brooks Beasts Track Club. The strategic alignment comes as Brooks professional athletes look to compete on the world’s biggest stage at this summer’s 2024 Paris Olympics
In January 2024, NOW Partners with Top Wellness Experts to Launch You’re Enough NOW Campaign. Peloton instructor emma lovewell, Celebrity Health Coach Kelly LeVeque, and Functional Medicine Practitioner Dr. Will Cole Will Inspire People to Feel Fulfilled, Nourished and Strong
In July 2023, Plamed launched a speech and participated the exhibition at Ringier PCT 2023. Many big names from domestic and foreign beauty and personal care brands, raw material supplier, OEM companies, scientific research institutes, and industry associations gathered in large numbers.
Product Types Covered:
• Powder
• Extracts
• Fermented Products
• Capsule & Tablet
• Other Product Types
Distribution Channels Covered:
• Online Retail
• Hypermarkets/Supermarkets
• Convenience Store
• Speciality Stores
• Other Distribution Channels
Applications Covered:
• Pharmaceuticals
• Dietary Supplements
• Functional Foods
• Other Applications
End Users Covered:
• Athletes & Fitness Enthusiasts
• Elderly Population
• Cholesterol Patients
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Red Yeast Rice Market, By Product Type
5.1 Introduction
5.2 Powder
5.3 Extracts
5.4 Fermented Products
5.5 Capsule & Tablet
5.6 Other Product Types
6 Global Red Yeast Rice Market, By Distribution Channel
6.1 Introduction
6.2 Online Retail
6.3 Hypermarkets/Supermarkets
6.4 Convenience Store
6.5 Speciality Stores
6.6 Other Distribution Channels
7 Global Red Yeast Rice Market, By Application
7.1 Introduction
7.2 Pharmaceuticals
7.3 Dietary Supplements
7.4 Functional Foods
7.5 Other Applications
8 Global Red Yeast Rice Market, By End User
8.1 Introduction
8.2 Athletes & Fitness Enthusiasts
8.3 Elderly Population
8.4 Cholesterol Patients
8.5 Other End Users
9 Global Red Yeast Rice Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Shanghai Fengyi Biotechnology Co., Ltd.
11.2 Nutraceuticals International Group
11.3 Golden Grain Group Limited
11.4 Zhejiang Sanhe Bio-Tech Co., Ltd.
11.5 Nanjing Zelang Medical Technology Co., Ltd.
11.6 Wuhan Jiacheng Biotechnology Co., Ltd.
11.7 Fermentek Biotechnology
11.8 Hebei Food Additive Co., Ltd.
11.9 CSPC Pharmaceutical Group Limited
11.10 Alesco S.r.L.
11.11 Amazing Nutrition
11.12 Giellepi SpA
11.13 Sylvan Wellness
11.14 PLAMED Green Science Group
11.15 NOW Health Group
11.16 Purelife Bioscience Co Ltd
11.17 Natural Plus
11.18 Swanson
List of Tables
1 Global Red Yeast Rice Market Outlook, By Region (2021-2030) ($MN)
2 Global Red Yeast Rice Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Red Yeast Rice Market Outlook, By Powder (2021-2030) ($MN)
4 Global Red Yeast Rice Market Outlook, By Extracts (2021-2030) ($MN)
5 Global Red Yeast Rice Market Outlook, By Fermented Products (2021-2030) ($MN)
6 Global Red Yeast Rice Market Outlook, By Capsule & Tablet (2021-2030) ($MN)
7 Global Red Yeast Rice Market Outlook, By Other Product Types (2021-2030) ($MN)
8 Global Red Yeast Rice Market Outlook, By Distribution Channel (2021-2030) ($MN)
9 Global Red Yeast Rice Market Outlook, By Online Retail (2021-2030) ($MN)
10 Global Red Yeast Rice Market Outlook, By Hypermarkets/Supermarkets (2021-2030) ($MN)
11 Global Red Yeast Rice Market Outlook, By Convenience Store (2021-2030) ($MN)
12 Global Red Yeast Rice Market Outlook, By Speciality Stores (2021-2030) ($MN)
13 Global Red Yeast Rice Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
14 Global Red Yeast Rice Market Outlook, By Application (2021-2030) ($MN)
15 Global Red Yeast Rice Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
16 Global Red Yeast Rice Market Outlook, By Dietary Supplements (2021-2030) ($MN)
17 Global Red Yeast Rice Market Outlook, By Functional Foods (2021-2030) ($MN)
18 Global Red Yeast Rice Market Outlook, By Other Applications (2021-2030) ($MN)
19 Global Red Yeast Rice Market Outlook, By End User (2021-2030) ($MN)
20 Global Red Yeast Rice Market Outlook, By Athletes & Fitness Enthusiasts (2021-2030) ($MN)
21 Global Red Yeast Rice Market Outlook, By Elderly Population (2021-2030) ($MN)
22 Global Red Yeast Rice Market Outlook, By Cholesterol Patients (2021-2030) ($MN)
23 Global Red Yeast Rice Market Outlook, By Other End Users (2021-2030) ($MN)
24 North America Red Yeast Rice Market Outlook, By Country (2021-2030) ($MN)
25 North America Red Yeast Rice Market Outlook, By Product Type (2021-2030) ($MN)
26 North America Red Yeast Rice Market Outlook, By Powder (2021-2030) ($MN)
27 North America Red Yeast Rice Market Outlook, By Extracts (2021-2030) ($MN)
28 North America Red Yeast Rice Market Outlook, By Fermented Products (2021-2030) ($MN)
29 North America Red Yeast Rice Market Outlook, By Capsule & Tablet (2021-2030) ($MN)
30 North America Red Yeast Rice Market Outlook, By Other Product Types (2021-2030) ($MN)
31 North America Red Yeast Rice Market Outlook, By Distribution Channel (2021-2030) ($MN)
32 North America Red Yeast Rice Market Outlook, By Online Retail (2021-2030) ($MN)
33 North America Red Yeast Rice Market Outlook, By Hypermarkets/Supermarkets (2021-2030) ($MN)
34 North America Red Yeast Rice Market Outlook, By Convenience Store (2021-2030) ($MN)
35 North America Red Yeast Rice Market Outlook, By Speciality Stores (2021-2030) ($MN)
36 North America Red Yeast Rice Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
37 North America Red Yeast Rice Market Outlook, By Application (2021-2030) ($MN)
38 North America Red Yeast Rice Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
39 North America Red Yeast Rice Market Outlook, By Dietary Supplements (2021-2030) ($MN)
40 North America Red Yeast Rice Market Outlook, By Functional Foods (2021-2030) ($MN)
41 North America Red Yeast Rice Market Outlook, By Other Applications (2021-2030) ($MN)
42 North America Red Yeast Rice Market Outlook, By End User (2021-2030) ($MN)
43 North America Red Yeast Rice Market Outlook, By Athletes & Fitness Enthusiasts (2021-2030) ($MN)
44 North America Red Yeast Rice Market Outlook, By Elderly Population (2021-2030) ($MN)
45 North America Red Yeast Rice Market Outlook, By Cholesterol Patients (2021-2030) ($MN)
46 North America Red Yeast Rice Market Outlook, By Other End Users (2021-2030) ($MN)
47 Europe Red Yeast Rice Market Outlook, By Country (2021-2030) ($MN)
48 Europe Red Yeast Rice Market Outlook, By Product Type (2021-2030) ($MN)
49 Europe Red Yeast Rice Market Outlook, By Powder (2021-2030) ($MN)
50 Europe Red Yeast Rice Market Outlook, By Extracts (2021-2030) ($MN)
51 Europe Red Yeast Rice Market Outlook, By Fermented Products (2021-2030) ($MN)
52 Europe Red Yeast Rice Market Outlook, By Capsule & Tablet (2021-2030) ($MN)
53 Europe Red Yeast Rice Market Outlook, By Other Product Types (2021-2030) ($MN)
54 Europe Red Yeast Rice Market Outlook, By Distribution Channel (2021-2030) ($MN)
55 Europe Red Yeast Rice Market Outlook, By Online Retail (2021-2030) ($MN)
56 Europe Red Yeast Rice Market Outlook, By Hypermarkets/Supermarkets (2021-2030) ($MN)
57 Europe Red Yeast Rice Market Outlook, By Convenience Store (2021-2030) ($MN)
58 Europe Red Yeast Rice Market Outlook, By Speciality Stores (2021-2030) ($MN)
59 Europe Red Yeast Rice Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
60 Europe Red Yeast Rice Market Outlook, By Application (2021-2030) ($MN)
61 Europe Red Yeast Rice Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
62 Europe Red Yeast Rice Market Outlook, By Dietary Supplements (2021-2030) ($MN)
63 Europe Red Yeast Rice Market Outlook, By Functional Foods (2021-2030) ($MN)
64 Europe Red Yeast Rice Market Outlook, By Other Applications (2021-2030) ($MN)
65 Europe Red Yeast Rice Market Outlook, By End User (2021-2030) ($MN)
66 Europe Red Yeast Rice Market Outlook, By Athletes & Fitness Enthusiasts (2021-2030) ($MN)
67 Europe Red Yeast Rice Market Outlook, By Elderly Population (2021-2030) ($MN)
68 Europe Red Yeast Rice Market Outlook, By Cholesterol Patients (2021-2030) ($MN)
69 Europe Red Yeast Rice Market Outlook, By Other End Users (2021-2030) ($MN)
70 Asia Pacific Red Yeast Rice Market Outlook, By Country (2021-2030) ($MN)
71 Asia Pacific Red Yeast Rice Market Outlook, By Product Type (2021-2030) ($MN)
72 Asia Pacific Red Yeast Rice Market Outlook, By Powder (2021-2030) ($MN)
73 Asia Pacific Red Yeast Rice Market Outlook, By Extracts (2021-2030) ($MN)
74 Asia Pacific Red Yeast Rice Market Outlook, By Fermented Products (2021-2030) ($MN)
75 Asia Pacific Red Yeast Rice Market Outlook, By Capsule & Tablet (2021-2030) ($MN)
76 Asia Pacific Red Yeast Rice Market Outlook, By Other Product Types (2021-2030) ($MN)
77 Asia Pacific Red Yeast Rice Market Outlook, By Distribution Channel (2021-2030) ($MN)
78 Asia Pacific Red Yeast Rice Market Outlook, By Online Retail (2021-2030) ($MN)
79 Asia Pacific Red Yeast Rice Market Outlook, By Hypermarkets/Supermarkets (2021-2030) ($MN)
80 Asia Pacific Red Yeast Rice Market Outlook, By Convenience Store (2021-2030) ($MN)
81 Asia Pacific Red Yeast Rice Market Outlook, By Speciality Stores (2021-2030) ($MN)
82 Asia Pacific Red Yeast Rice Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
83 Asia Pacific Red Yeast Rice Market Outlook, By Application (2021-2030) ($MN)
84 Asia Pacific Red Yeast Rice Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
85 Asia Pacific Red Yeast Rice Market Outlook, By Dietary Supplements (2021-2030) ($MN)
86 Asia Pacific Red Yeast Rice Market Outlook, By Functional Foods (2021-2030) ($MN)
87 Asia Pacific Red Yeast Rice Market Outlook, By Other Applications (2021-2030) ($MN)
88 Asia Pacific Red Yeast Rice Market Outlook, By End User (2021-2030) ($MN)
89 Asia Pacific Red Yeast Rice Market Outlook, By Athletes & Fitness Enthusiasts (2021-2030) ($MN)
90 Asia Pacific Red Yeast Rice Market Outlook, By Elderly Population (2021-2030) ($MN)
91 Asia Pacific Red Yeast Rice Market Outlook, By Cholesterol Patients (2021-2030) ($MN)
92 Asia Pacific Red Yeast Rice Market Outlook, By Other End Users (2021-2030) ($MN)
93 South America Red Yeast Rice Market Outlook, By Country (2021-2030) ($MN)
94 South America Red Yeast Rice Market Outlook, By Product Type (2021-2030) ($MN)
95 South America Red Yeast Rice Market Outlook, By Powder (2021-2030) ($MN)
96 South America Red Yeast Rice Market Outlook, By Extracts (2021-2030) ($MN)
97 South America Red Yeast Rice Market Outlook, By Fermented Products (2021-2030) ($MN)
98 South America Red Yeast Rice Market Outlook, By Capsule & Tablet (2021-2030) ($MN)
99 South America Red Yeast Rice Market Outlook, By Other Product Types (2021-2030) ($MN)
100 South America Red Yeast Rice Market Outlook, By Distribution Channel (2021-2030) ($MN)
101 South America Red Yeast Rice Market Outlook, By Online Retail (2021-2030) ($MN)
102 South America Red Yeast Rice Market Outlook, By Hypermarkets/Supermarkets (2021-2030) ($MN)
103 South America Red Yeast Rice Market Outlook, By Convenience Store (2021-2030) ($MN)
104 South America Red Yeast Rice Market Outlook, By Speciality Stores (2021-2030) ($MN)
105 South America Red Yeast Rice Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
106 South America Red Yeast Rice Market Outlook, By Application (2021-2030) ($MN)
107 South America Red Yeast Rice Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
108 South America Red Yeast Rice Market Outlook, By Dietary Supplements (2021-2030) ($MN)
109 South America Red Yeast Rice Market Outlook, By Functional Foods (2021-2030) ($MN)
110 South America Red Yeast Rice Market Outlook, By Other Applications (2021-2030) ($MN)
111 South America Red Yeast Rice Market Outlook, By End User (2021-2030) ($MN)
112 South America Red Yeast Rice Market Outlook, By Athletes & Fitness Enthusiasts (2021-2030) ($MN)
113 South America Red Yeast Rice Market Outlook, By Elderly Population (2021-2030) ($MN)
114 South America Red Yeast Rice Market Outlook, By Cholesterol Patients (2021-2030) ($MN)
115 South America Red Yeast Rice Market Outlook, By Other End Users (2021-2030) ($MN)
116 Middle East & Africa Red Yeast Rice Market Outlook, By Country (2021-2030) ($MN)
117 Middle East & Africa Red Yeast Rice Market Outlook, By Product Type (2021-2030) ($MN)
118 Middle East & Africa Red Yeast Rice Market Outlook, By Powder (2021-2030) ($MN)
119 Middle East & Africa Red Yeast Rice Market Outlook, By Extracts (2021-2030) ($MN)
120 Middle East & Africa Red Yeast Rice Market Outlook, By Fermented Products (2021-2030) ($MN)
121 Middle East & Africa Red Yeast Rice Market Outlook, By Capsule & Tablet (2021-2030) ($MN)
122 Middle East & Africa Red Yeast Rice Market Outlook, By Other Product Types (2021-2030) ($MN)
123 Middle East & Africa Red Yeast Rice Market Outlook, By Distribution Channel (2021-2030) ($MN)
124 Middle East & Africa Red Yeast Rice Market Outlook, By Online Retail (2021-2030) ($MN)
125 Middle East & Africa Red Yeast Rice Market Outlook, By Hypermarkets/Supermarkets (2021-2030) ($MN)
126 Middle East & Africa Red Yeast Rice Market Outlook, By Convenience Store (2021-2030) ($MN)
127 Middle East & Africa Red Yeast Rice Market Outlook, By Speciality Stores (2021-2030) ($MN)
128 Middle East & Africa Red Yeast Rice Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
129 Middle East & Africa Red Yeast Rice Market Outlook, By Application (2021-2030) ($MN)
130 Middle East & Africa Red Yeast Rice Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
131 Middle East & Africa Red Yeast Rice Market Outlook, By Dietary Supplements (2021-2030) ($MN)
132 Middle East & Africa Red Yeast Rice Market Outlook, By Functional Foods (2021-2030) ($MN)
133 Middle East & Africa Red Yeast Rice Market Outlook, By Other Applications (2021-2030) ($MN)
134 Middle East & Africa Red Yeast Rice Market Outlook, By End User (2021-2030) ($MN)
135 Middle East & Africa Red Yeast Rice Market Outlook, By Athletes & Fitness Enthusiasts (2021-2030) ($MN)
136 Middle East & Africa Red Yeast Rice Market Outlook, By Elderly Population (2021-2030) ($MN)
137 Middle East & Africa Red Yeast Rice Market Outlook, By Cholesterol Patients (2021-2030) ($MN)
138 Middle East & Africa Red Yeast Rice Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
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We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
