The global rice bran derivatives market is poised to achieve a market size of USD 10.1 billion by 2030, demonstrating robust growth at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030.
This growth is driven by several pivotal factors, including the increasing worldwide preference for plant-based foods and the rising demand for alternative protein ingredients across various industries.
As consumers become more health-conscious, they actively seek functional foods that align with their wellness objectives. Rice bran derivatives, rich in nutrients such as fiber, vitamins, and antioxidants, are gaining popularity due to their associated health benefits. For instance, rice bran, with its high dietary fiber content, is recognized for promoting digestive health and reducing cholesterol levels. Furthermore, it contains essential vitamins B and E, which bolster immune function and combat oxidative stress.
The global demand for rice bran derivatives is also receiving significant impetus from the animal feed industry. This by-product of the rice milling process boasts a high protein content, making it a valuable ingredient for animal feed. It facilitates animal growth and overall health while providing essential energy.
Moreover, the growing demand for gluten-free products, driven by the increasing prevalence of celiac disease and gluten sensitivity, is propelling the market. Rice bran derivatives, being gluten-free, are employed as substitutes for wheat-based ingredients in various food products. For example, rice bran is utilized to create gluten-free bread, pasta, and baked goods with textures and flavor profiles akin to their wheat-based counterparts. This makes rice bran derivatives a sought-after ingredient in the gluten-free food market.
The Asia Pacific region is expected to witness substantial growth from 2023 to 2030, primarily due to the rising consumption of healthy food products. Rice is a dietary staple in many Asian countries, resulting in abundant rice bran availability as a byproduct of rice milling. This makes rice bran derivatives a cost-effective and readily available source of nutrition and functional ingredients for food, feed, and industrial applications.
Furthermore, the burgeoning food and beverage industry in the Asia Pacific is actively exploring innovative ingredients to enhance the nutritional profiles and functional properties of products. Rice bran derivatives offer various functional benefits, including improved texture, shelf-life, and stability, making them an attractive choice for regional food and beverage manufacturers.
Key Companies Mentioned in this Report:
– Riceland Foods, Inc.
– Wilmar International Ltd.
– Archer Daniels Midland Company
– BCL Industries & Infrastructure Ltd.
– A.P. Refinery Pvt. Ltd.
– Agrotech International Ltd
– RiceBran Technologies
– Golden Grain Group Limited
– Agro Tech Foods Ltd.
– Kaisuri Co., Ltd
– Maharashtra Solvent Extraction (P) Ltd.
Key Highlights of the Rice Bran Derivatives Market:
– Rice bran oil dominated the market in 2022 due to its availability and high nutritional properties.
– The food and beverage segment emerged as the largest application segment, holding the highest revenue share in 2022, driven by increasing demand for plant-based ingredients.
– The pharmaceuticals and nutraceuticals segment within the application category is expected to witness significant growth from 2023 to 2030 due to rising consumer demand for dietary supplements.
– Asia Pacific is estimated to experience substantial growth over the forecast period, driven by developments in the healthcare and cosmetic sectors in developing countries within the region.
This report covers a comprehensive range of topics, including methodology, executive summary, market variables, product estimates, application estimates, regional estimates, competitive analysis, and company profiles.
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