Rice Bran Derivatives Market 2024-2033: Trends, Size, and Demand Growth Forecast

The Business Research Company recently released a comprehensive report on the Global Rice Bran Derivatives Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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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Market Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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

Rice Bran Derivatives Market 2024 Key Insights:

• 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%.
• Rising Demand In The Food And Beverage Industry Propels Growth Of The Rice Bran Derivatives Market
• Innovative Processing And Extraction Technologies Drive Evolution In The Rice Bran Derivatives Market
• Asia-Pacific was the largest region in the rice bran derivatives market in 2023

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