Rice Bran Derivatives Global Market Exhibit a Remarkable CAGR of 6.5% and is Expected to Reach $9.41 Billion By 2028 | Doosan Corp., Adani Group, SunOpta Inc., Omega Fields

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Overview and Scope
Rice bran derivatives refer to various products produced from the rice milling process’s nutrient-rich byproduct, the bran of rice. Rice bran derivatives supply nutrients and bioactive chemicals with positive health effects such as glycemic management, hypocholesterolemia, hypotensive and anti-inflammatory properties, and aiding bowel function.

Sizing and Forecast
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.

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Segmentation & Regional Insights
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

Asia-Pacific was the largest region in the rice bran derivatives market in 2023. The regions covered in the rice bran derivatives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
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 refer 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.

Key Industry Players
Major companies operating in the rice bran derivatives market report are Cargill Incorporated, The Archer Daniels Midland Company, Wilmar International Ltd., Doosan Corp., Yihai Kerry Arawana Holdings Co. Ltd, Adani Group, Patanjali Foods Limited, SunOpta Inc., Omega Fields, Riceland Foods Inc., Vantage Specialty Ingredients Inc., Swanson Health Products Inc, NOW Health Group Inc., Manna Pro Corporation, TAJ Agro Commodities Pvt Ltd, Ribus Inc., Agro Tech Foods Ltd., BCL Industries & Infrastructure Ltd., Maharashtra Solvent Extraction (P) Ltd., RiceBran Technologies, Valensa International LLC, Ricela Health Foods Ltd., Kisan Agro Product Industries, 3F Industries Limited, Kasisuri Co. Ltd., A.P. Refinery Pvt. Ltd., Agrotech International Ltd., King Rice Oil Group, Maheshwari Solvent Extraction Ltd, Tsuno Rice Fine Chemicals Co. Ltd

The rice bran derivatives market report table of contents includes:
1. Executive Summary