Global Red Yeast Rice Powder Market Growth 2023-2029

Global Red Yeast Rice Powder Market Growth 2023-2029

The global Red Yeast Rice Powder market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Red Yeast Rice Powder is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Red Yeast Rice Powder is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Red Yeast Rice Powder is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Red Yeast Rice Powder players cover Kingherbs, Green Jeeva, Jeeva Organic, GUANJIE, Qingdao BNP BioScience, Zhejiang Sanhe Bio-Tech, Now Foods, Zenith Food Solutions and Solgar, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

Red Yeast Rice powder can be used as a Chinese medicine to strengthen spleen and promote digestion. Modern clinical research shows that red yeast rice powder contains several physiological active matters, such as Lovastatin, which can adjust abnormal blood lipid levels, lower serum total cholesterol, serum triglyceride, low-density lipoprotein cholesterol, and increase high-density lipoprotein cholesterol. As a kind of natural food additives, red yeast rice is widely used in food, pastry, wine, drink, cosmetic, and so on.

LPI (LP Information)' newest research report, the “Red Yeast Rice Powder Industry Forecast” looks at past sales and reviews total world Red Yeast Rice Powder sales in 2022, providing a comprehensive analysis by region and market sector of projected Red Yeast Rice Powder sales for 2023 through 2029. With Red Yeast Rice Powder sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Red Yeast Rice Powder industry.

This Insight Report provides a comprehensive analysis of the global Red Yeast Rice Powder landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Red Yeast Rice Powder portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Red Yeast Rice Powder market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Red Yeast Rice Powder and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Red Yeast Rice Powder.

This report presents a comprehensive overview, market shares, and growth opportunities of Red Yeast Rice Powder market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Organic
Regular

Segmentation by application
Food
Drink
Cosmetic
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Kingherbs
Green Jeeva
Jeeva Organic
GUANJIE
Qingdao BNP BioScience
Zhejiang Sanhe Bio-Tech
Now Foods
Zenith Food Solutions
Solgar
Weider Global Nutrition
BioScience Nutrition

Key Questions Addressed in this Report

What is the 10-year outlook for the global Red Yeast Rice Powder market?

What factors are driving Red Yeast Rice Powder market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Red Yeast Rice Powder market opportunities vary by end market size?

How does Red Yeast Rice Powder break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.