The Rice Bran Derivatives Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Rice Bran Derivatives Global Market Report 2024, The rice bran derivatives market size has grown strongly in recent years. It will grow from $6.8 billion in 2023 to $7.31 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to increase in health-conscious consumer trends, growth in the food and beverage industry, rising awareness of nutritional benefits, expansion of the cosmetics industry, globalization of trade.
The rice bran derivatives market size is expected to see strong growth in the next few years. It will grow to $9.41 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to growing demand for natural and organic products, expansion of the pharmaceutical industry, increased use of rice bran derivatives in animal feed, rising popularity of functional foods, evolving dietary preferences. Major trends in the forecast period include development of new rice bran derivative applications, rising focus on sustainable and eco-friendly production methods, increased use of rice bran derivatives in personal care products, adoption of clean labeling in food products, emergence of innovative extraction and processing technologies.
The increasing demand for the food and beverage industry is expected to propel the growth of the rice bran derivatives market going forward. The food and beverage industry refers to all businesses that handle the processing, packaging, and distribution of uncooked food products, freshly prepared foods, and alcoholic and nonalcoholic beverages. In the food and beverage industry, rice bran can be employed as a bioactive component transporter, flavor enhancer, and oil extraction. For instance, in March 2023, according to the United States Department of Agriculture, a US-based government administration, between 2021 and 2022, the total value of US food imports rose from $1,74,144.8 million to $1,99,835.8 million. Additionally, in 2022, the value of imported beverages in the US rose from $15,760 million to $16,076.5 million. Therefore, the increasing demand for the food and beverage industry is driving the growth of the rice bran derivatives market.
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The rice bran derivatives market covered in this report is segmented –
1) By Product: Rice Bran Oil, Rice Bran Meal
2) By Application: Food And Beverages, Animal Feed, Cosmetics And Personal Care, Biofuel, Pharmaceuticals And Nutraceuticals, Other Applications
3) By End-Use: Industrial, Retail
Advances in processing and extraction technology are a key trend gaining popularity in the rice bran derivatives market. Major companies operating in the rice bran derivatives market are introducing advanced processes for manufacturing innovative products to sustain their position in the market. For instance, in July 2022, POLYCON CO. LTD., a Japan-based wax dispersion manufacturing company, launched POLYCON RB-1, the first alcohol-based rice bran wax dispersion. POLYCON RB-1 is created by mixing rice bran wax with IPA and adjusting the viscosity and particle size. It can be used as an addition for gravure printing inks applied to food packaging, building materials, and automobile components, as well as for paint utilized in the building industry and other sectors to increase abrasion resistance and anti-blocking qualities.
The rice bran derivatives market report table of contents includes:
- Executive Summary
- Bran Derivatives Market Characteristics
- Bran Derivatives Market Trends And Strategies
- Bran Derivatives Market – Macro Economic Scenario
- Global Bran Derivatives Market Size and Growth
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- Global Bran Derivatives Market Competitive Benchmarking
- Global Bran Derivatives Market Competitive Dashboard
- Key Mergers And Acquisitions In Bran Derivatives Market
- Bran Derivatives Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Cargill Incorporated
- The Archer Daniels Midland Company
- Wilmar International Ltd.
- Doosan Corp.
- Yihai Kerry Arawana Holdings Co. Ltd.
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