The Business Research Company’s Rice Bran Derivatives Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Rice Bran Derivatives Global Market Report 2023 evaluates rice bran derivatives market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global rice bran derivatives market is expected to grow from $6.33 billion in 2022 to $6.8 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The rice bran derivatives market is expected to reach $8.79 billion in 2027 at a CAGR of 6.6%.
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 segments in the report are:
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
The table of contents in TBRC’s rice bran derivatives market report includes:
- Executive Summary
- Rice Bran Derivatives Market Characteristics
- Rice Bran Derivatives Market Trends And Strategies
- Rice Bran Derivatives Market – Macro Economic Scenario
- Rice Bran Derivatives Market Segmentation.
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- Global Rice Bran Derivatives Market Competitive Benchmarking
- Global Rice Bran Derivatives Market Competitive Dashboard
- Key Mergers And Acquisitions In The Rice Bran Derivatives Market
- Rice Bran Derivatives Market Future Outlook and Potential Analysis
- Appendix
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