Global Defatted Rice Bran Market is projected to reach the value of USD 912.07 million by 2030

According to the report published by Virtue Market Research in 2022 Global Defatted Rice Bran Market was valued at USD 720 million and is projected to reach a market size of USD 912.07 million by the end of 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 3%.

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A pivotal long-term driver in the Defatted Rice Bran market is the increasing awareness of health and wellness. Consumers are placing greater emphasis on their well-being, leading to a demand for healthier dietary options. Defatted Rice Bran, rich in essential nutrients, fiber, and antioxidants, aligns with this trend. It is increasingly recognized as a valuable ingredient for various food products and dietary supplements.

However, the COVID-19 pandemic had a significant impact on the market dynamics. The pandemic brought disruptions to supply chains and production processes, affecting the availability and distribution of Defatted Rice Bran. While the demand for healthy food ingredients remained strong, logistical challenges and lockdowns led to temporary setbacks in production and distribution. Nevertheless, the pandemic underscored the importance of resilient and sustainable supply chains, further emphasizing the value of Defatted Rice Bran in the long term.

In the short term, a notable market driver is the rise of plant-based diets. Consumers are increasingly adopting plant-based diets for health, environmental, and ethical reasons. Defatted Rice Bran fits into this trend as a versatile and plant-derived ingredient. It can be incorporated into plant-based food products, providing nutritional benefits and enhancing texture and flavor.

An exciting opportunity within the industry lies in expanding applications beyond food. Defatted Rice Bran offers numerous benefits, including its use in cosmetics and personal care products. Its natural antioxidants and moisturizing properties make it a sought-after ingredient in skincare and haircare formulations. Companies in the market have the opportunity to explore and develop innovative products in the beauty and personal care sector.

A prevailing trend in the Defatted Rice Bran market is sustainability and waste reduction. Food manufacturers and consumers are increasingly conscious of minimizing waste and utilizing by-products effectively. Defatted Rice Bran is a by-product of rice milling, and the trend is to maximize its utilization. Recent developments include the use of Defatted Rice Bran in animal feed, contributing to reducing food waste and ensuring sustainable practices throughout the supply chain.

Market Segmentation:
By Nature: Organic and Conventional
Among these, the largest segment is Conventional. Conventional Defatted Rice Bran is widely produced and utilized due to its availability and cost-effectiveness. It serves as a valuable ingredient in various industries, including food and cosmetics.
Conversely, the fastest-growing segment during the forecast period is Organic. Organic Defatted Rice Bran is gaining popularity as consumers increasingly seek natural and chemical-free products. It aligns with the growing trend of organic and clean-label food products. Recent developments highlight the adoption of organic farming practices to produce high-quality Defatted Rice Bran, meeting the rising demand for organic and sustainable ingredients.

By Application: Food & Beverage, Animal Feed, Cosmetics & Personal Care, Biofuel, Pharmaceuticals & Nutraceuticals, and Others
Among these, the largest segment is Food & Beverage. Defatted Rice Bran is a versatile ingredient used in a range of food products, including baked goods, cereals, and snacks. Its nutritional profile, including fiber and antioxidants, makes it a sought-after addition to the food industry.

Conversely, the fastest-growing application is Animal Feed. Defatted Rice Bran is increasingly recognized as an essential component in animal feed formulations. It provides a source of nutrition for livestock and poultry, contributing to improved animal health and productivity. Recent developments include research and innovations in animal nutrition, emphasizing the importance of Defatted Rice Bran as a sustainable feed ingredient.

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Regional Analysis:
Among the regions, Asia-Pacific (APAC) takes the lead as the largest market. APAC's dominance can be attributed to the region's significant rice production and consumption. Countries like India, Thailand, and China are key contributors to the market. The availability of rice milling by-products, including Defatted Rice Bran, has fueled the market's growth in this region.

Conversely, the fastest-growing market during the forecast period is North America. North America is witnessing a surge in demand for healthier food options, and Defatted Rice Bran fits into this trend. The region's focus on clean-label and functional food products has propelled the adoption of Defatted Rice Bran in various applications. Recent developments include collaborations between food manufacturers and suppliers to incorporate Defatted Rice Bran into innovative products, boosting its market growth.

Latest Industry Developments:
• Expansion of Product Portfolio: Companies in the Defatted Rice Bran market are expanding their product portfolios to cater to a wider range of industries and applications. This trend involves developing specialized variants of Defatted Rice Bran tailored for specific sectors, such as the food and cosmetics industries. Recent developments include the introduction of Defatted Rice Bran with enhanced nutritional profiles and varied particle sizes to meet diverse industry requirements.

• Emphasis on Sustainable Sourcing: Sustainability is a growing trend in the market, and companies are placing a strong emphasis on sustainable sourcing practices. They are increasingly sourcing rice bran from environmentally responsible suppliers and regions, aligning with consumer expectations for ethical and sustainable ingredient sourcing. Recent developments showcase partnerships with rice producers and farmers who implement eco-friendly farming practices and prioritize waste reduction.

• Investment in Research and Development: Research and development (R&D) initiatives are a prominent trend among companies aiming to enhance their market share. These initiatives involve ongoing research into the nutritional benefits and potential applications of Defatted Rice Bran. Recent developments include collaborations with academic institutions and research organizations to explore new product formulations and extraction methods, ensuring companies stay at the forefront of innovation in the market.

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