PUBLISHER: The Business Research Company | PRODUCT CODE: 1428390
PUBLISHER: The Business Research Company | PRODUCT CODE: 1428390
Rice bran derivatives encompass various products derived from the nutrient-rich byproduct of the rice milling process, known as rice bran. These derivatives provide nutrients and bioactive compounds with positive health effects, including glycemic management, hypocholesterolemia, hypotensive and anti-inflammatory properties, as well as aiding bowel function.
The primary types of rice bran derivatives products include rice bran oil and rice bran meal. Rice bran oil is obtained from the husk or outer bran of rice grains. These products find applications in various industries such as food and beverages, animal feed, cosmetics and personal care, biofuel, pharmaceuticals and nutraceuticals, and others, catering to both industrial and retail sectors.
The rice bran derivatives market research report is one of a series of new reports from The Business Research Company that provides rice bran derivatives market statistics, including rice bran derivatives industry global market size, regional shares, competitors with a rice bran derivatives market share, detailed rice bran derivatives market segments, market trends and opportunities, and any further data you may need to thrive in the rice bran derivatives industry. This rice bran derivatives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 observed in the historic period can be attributed to the increase in health-conscious consumer trends, the growth in the food and beverage industry, rising awareness of nutritional benefits, the expansion of the cosmetics industry, and the 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 anticipated growth in the forecast period can be attributed to the growing demand for natural and organic products, the expansion of the pharmaceutical industry, increased use of rice bran derivatives in animal feed, rising popularity of functional foods, and evolving dietary preferences. Major trends expected in the forecast period include the development of new applications for rice bran derivatives, an increased focus on sustainable and eco-friendly production methods, greater utilization of rice bran derivatives in personal care products, the adoption of clean labeling in food products, and the emergence of innovative extraction and processing technologies.
The anticipated surge in demand for the food and beverage industry is set to drive the growth of the rice bran derivatives market. The food and beverage sector encompasses businesses involved in processing, packaging, and distributing a range of food products and beverages. In this industry, rice bran plays a multifaceted role as a bioactive component transporter, flavor enhancer, and source for oil extraction. Notably, the United States Department of Agriculture reported that from 2021 to 2022, the total value of US food imports increased from $174,144.8 million to $199,835.8 million. Additionally, the value of imported beverages in the US rose from $15,760 million to $16,076.5 million in 2022. Thus, the escalating demand in the food and beverage sector is a driving force behind the growth of the rice bran derivatives market.
The expanding cosmetics industry is also expected to contribute to the growth of the rice bran derivatives market. The cosmetics sector involves the production and sale of beauty and personal care products. Rice bran derivatives find applications in cosmetics for their versatile properties, serving as natural ingredients that contribute to skincare formulations, providing moisturization, antioxidants, and nourishing benefits. For instance, the International Trade Administration reported that the cosmetic market in Canada achieved revenue of around $1.2 billion in 2021, with projections estimating a 1.45% annual growth rate, reaching $1.8 billion by 2024. Therefore, the growth in the cosmetics industry becomes a significant driver for the rice bran derivatives market.
A prominent trend in the rice bran derivatives market is the adoption of advanced processing and extraction technology. Major companies in the market are introducing innovative processes to manufacture products, enhancing their position in the industry. For example, POLYCON CO. LTD., a Japan-based wax dispersion manufacturing company, launched POLYCON RB-1, the first alcohol-based rice bran wax dispersion, created by mixing rice bran wax with IPA. This product finds applications in gravure printing inks, paint, and other sectors, enhancing abrasion resistance and anti-blocking qualities.
Companies in the rice bran derivatives market are actively developing health-promoting supplements, such as natural antioxidants, to gain a competitive edge. Natural antioxidants inhibit oxidation, counteracting the damaging effects of free radicals and promoting overall health. For instance, Ricela Group, an India-based exporter of refined rice bran oil, introduced Gamma Oryzanol, a natural antioxidant, in vegetarian capsules. Recognized by the Food Safety and Standards Authority of India (FSSAI) as a nutraceutical, this health-promoting supplement offers benefits such as managing cholesterol, anxiety, and sugar levels.
In June 2023 Stabil Nutrition LLC, a US-based food and beverage services company, acquired the stabilized rice bran business of RiceBran Technologies for $3.5 million. This acquisition streamlines the organization in the derivatives business and enables Stabil to reduce ongoing fixed costs. RiceBran Technologies is a US-based company specializing in the highest quality rice bran, derivatives, and oil.
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
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
The countries covered in the rice bran derivatives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The rice bran derivatives market consists of sales of rice bran phospholipids and nutritional animal food. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Rice Bran Derivatives Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on rice bran derivatives market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for rice bran derivatives ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The rice bran derivatives market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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