The global rice bran derivatives market size is expected to reach USD 13.91 billion by 2032, according to a new study by Polaris Market Research. The report “Rice Bran Derivatives Market Size, Share & Trends Analysis Report By Product (Rice Bran Oil, Rice Bran Meal, Rice bran wax, Rice bran protein, Rice bran fiber, Others); By Application; By End-Use; By Region; And Segment Forecasts, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rice bran derivatives market refers to the products that are derived from rice bran, which is the outer layer of the rice grain that is removed during the milling process. Rice bran derivatives are used in a wide range of applications, including food and beverage, animal feed, and cosmetics.
One of the key drivers of the rice bran derivatives market is the increasing demand for healthy and natural food ingredients. Rice bran derivatives are a rich source of nutrients, including vitamins, minerals, and antioxidants, which make them popular as functional food ingredients. They are also used in animal feed as a source of energy and protein.
The demand for rice bran derivatives is predicted to increase in the foreseeable future, propelled by various factors, including the rising preference for natural and wholesome ingredients, the popularity of plant-based diets, and the expanding utilization of rice bran derivatives in the cosmetics sector. Nonetheless, the market faces challenges like the fluctuation of rice prices and the availability of raw materials, which can impact the cost and accessibility of rice bran derivatives. To adapt to the shifting market demands, some companies invest in research and development to innovate new rice bran derivative products.
The rice bran derivatives are used in a wide range of applications. Some of the key industries that utilize rice bran derivatives include food and Beverage Industry which are used as functional food ingredients, such as in baked goods, cereals, and snacks. They are also used in the production of rice bran oil, which is a popular cooking oil.
In animal feed industry, the rice bran derivatives are used in animal feed as a source of energy and protein for livestock and poultry. Further in cosmetics industry, rice bran derivatives are used in cosmetics and personal care products due to their antioxidant properties and ability to improve skin health and the pharmaceuticals industry work production of dietary supplements and nutraceuticals due to their high nutrient content.
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The market for rice bran derivatives exhibits regional disparities, with Asia Pacific emerging as the largest market owing to the region's high rice consumption. North America and Europe are also significant players in the rice bran derivatives market, propelled by the increasing demand for natural and wholesome food ingredients. Given these factors, the rice bran derivatives market is poised to expand as consumers increasingly seek out wild and healthy food ingredients, and the demand for sustainable animal feed ingredients continues to surge.
Rice Bran Derivatives Market Report Highlights
Polaris Market Research has segmented the Rice Bran Derivatives Market report based on product, application, end-use, and region:
Rice Bran Derivatives Market, Product Outlook (Revenue - USD Billion, 2019 - 2032)
Rice Bran Derivatives Market Application Outlook (Revenue - USD Billion, 2019- 2032)
Rice Bran Derivatives Market, End-Use Outlook (Revenue - USD Billion, 2019- 2032)
Rice Bran Derivatives Market, Regional Outlook (Revenue - USD Billion, 2019 - 2032)