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Rice Bran Derivatives Market 2024-2032 With Top Countries Data , Key Factors, Demand

user image 2024-10-08
By: ramfuture
Posted in: news

Overview of the Rice Bran Derivatives Market

The Rice Bran Derivatives Market is expected to grow from 1.78(USD Billion) in 2023 to 3.4 (USD Billion) by 2032. The Rice Bran Derivatives Market CAGR (growth rate) is expected to be around 7.43% during the forecast period (2024 - 2032).

Market Drivers

  1. Nutritional Value and Health Benefits : Rice bran derivatives, such as rice bran oil, protein, and fiber, have substantial nutritional value. They are a rich source of antioxidants, particularly gamma-oryzanol, which has been linked to cholesterol reduction and cardiovascular health benefits. This makes rice bran derivatives highly attractive to the health-conscious consumer base, contributing to their growing demand in the food and beverage industry.

  2. Rising Demand for Natural Ingredients : The global shift towards natural and organic products has led manufacturers to explore rice bran derivatives as sustainable and natural alternatives to synthetic additives. The growing preference for plant-based ingredients in cosmetics and personal care products has also led to increased demand for rice bran oil, which is known for its anti-aging properties and skin benefits.

  3. Growth in Nutraceutical and Functional Food Sectors : The nutraceutical industry is experiencing robust growth due to rising consumer awareness of the benefits of functional foods and dietary supplements. Rice bran derivatives, such as rice bran protein and fibers, are increasingly used in functional food formulations due to their high protein content, gluten-free nature, and role in promoting digestive health. The inclusion of rice bran derivatives in products like protein bars, shakes, and supplements is a significant driver for market expansion.

  4. Increasing Application in Animal Feed : Rice bran derivatives are also widely used in the animal feed industry due to their high energy content, making them a cost-effective alternative to conventional feed ingredients like corn and soybean meal. The demand for rice bran oil in livestock and poultry feed is growing, particularly in regions like Asia-Pacific, where rice production is abundant.

Market Segmentation

The rice bran derivatives market can be segmented by product type, application, and geography.

  1. By Product Type :

    • Rice Bran Oil : One of the most prominent derivatives, used extensively in food preparation due to its balanced fatty acid profile and high smoking point. It is also used in cosmetics for its emollient properties.
    • Rice Bran Protein : Popular in nutraceuticals and functional foods, rice bran protein is known for its high digestibility and essential amino acid profile.
    • Rice Bran Fiber : Used in food products for its high fiber content and ability to aid digestion.
    • Others : Including rice bran wax and defatted rice bran.
  2. By Application :

    • Food and Beverages : As functional ingredients in health foods and cooking oils.
    • Cosmetics and Personal Care : Primarily rice bran oil for skin care formulations.
    • Animal Feed : Used in livestock and poultry feed.
    • Pharmaceuticals and Nutraceuticals : As ingredients in supplements and therapeutic formulations.
    • Biofuel : Rice bran oil’s use as biodiesel feedstock is gaining momentum in the renewable energy sector.
  3. By Geography :

    • Asia-Pacific : The largest producer and consumer of rice bran derivatives , driven by high rice production and increasing health consciousness.
    • North America : The market is growing due to rising demand for nutraceuticals and functional foods.
    • Europe : Increasing interest in plant-based and natural ingredients is boosting the market for rice bran oil and derivatives.
    • Rest of the World : Countries in Latin America and Africa are also seeing growth due to expanding agriculture and food industries.

Key Companies in the Rice Bran Derivatives Market Include

Louis Dreyfus Company B.V.
Riceland Foods
Cargill Incorporated
Cargill
Toepfer International
Archer Daniels Midland Company
Olam International Limited
Gavilon Group, LLC
Tenere
ADM
Bunge Limited
Viterra Inc.
Wilmar International
CHS Inc.
Viterra

Challenges

Despite the market’s potential, challenges remain. The processing of rice bran is complex due to its high lipid content, which makes it prone to rancidity. This affects the shelf life and quality of derivatives. Additionally, competition from other vegetable oils, such as soybean and canola, can limit the growth of rice bran oil in the global market. Regulatory hurdles in different regions may also affect the commercialization of rice bran-based products.

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mrsandeeproy
11/17/24 02:53:43PM @mrsandeeproy:

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