Rice Bran Derivatives Market - By Product (Rice Bran Oil, Rice Bran Meal), By Application (Food & Beverage Industry, Animal Feed, Cosmetics & Personal Care, Biofuel, Pharmaceuticals & Nutraceuticals, Others) & Global Forecast, 2023-2032

Rice Bran Derivatives Market Size

Rice Bran Derivatives Market size was valued at USD 6.5 billion in 2022 and is projected to grow at 5.5% CAGR from 2023 to 2032.
 

The growing use of rice bran spin-offs in the food & beverages sector will drive the industry adoption. The rising disposable income and health consciousness across the globe have pushed market expansion. Moreover, supportive efforts by governments to ensure safe and healthy production is contributing to product outlook. For instance, in April 2022, the Ministry of Chemical and Fertilizers issued the Rice Bran Fatty Acid (Quality Control) Order, 2022 to ensure the quality of derivatives and boost the market growth.
 

Limited awareness among many end-use industries is negatively impacting the rice bran derivatives market size. Moreover, the rising use of alternatives including soybean oil, palm oil, and other vegetable oils is also affecting the product outlook. Price fluctuations due to high costs of raw materials and equipment, energy, and transportation are also slowing down industry progression.
 

COVID-19 Impact

The COVID-19 pandemic impacted the product and distribution of rice bran derivatives due to stringent lockdowns and social distancing measures. Labor shortages and transportation disruptions also adversely affected the rice bran derivatives market revenue and increased product prices. However, the increasing demand for healthy and functional food ingredients to improve immunity and support overall health has raised the uptake of rice bran derivatives, which are rich in antioxidants and contain other bioactive compounds that have potential health benefits.
 

Rice Bran Derivatives Market Trends

The rising global rice production is a major factor boosting the industry growth. As per USDA, rice production estimations were raised from 1.5 million cwt to 176 million cwt for 2022-23 as a result of increased yield in the U.S. Several high-yield regions are benefitting from increased rice production, which boosts the availability of rice bran derivatives. This has also accelerated import and export trades among countries, enhancing product adoption globally.
 

Rice Bran Derivatives Market Analysis

The rice bran oil segment held 72% of the rice bran derivatives market share in 2022, due to increased demand for fat-free food and growing consumer health consciousness. Rice bran aids in reducing cholesterol levels and lessen the chance of developing chronic illnesses as they include nutrients viz., gamma, Vitamin E, and oryzanol. According to a 2022 study, the consumption of rice bran oil reduces serum total cholesterol, low-density cholesterol, and triglyceride levels, decreasing the risks of hyperlipidemia in adults.
 

The rice bran derivatives market size from the pharmaceuticals & nutraceuticals application segment will expand at more than 5.5% CAGR through 2032, attributed to the increasing awareness regarding the benefits of rice bran, including antioxidants, vitamins, minerals, and other nutrients, which help in reducing inflammation, refining cardiovascular health, and improving immunity. In addition, promising investments in R&D programs to discover new qualities of rice bran are propelling segment growth.
 

The Europe rice bran derivatives market was reached over USD 4 billion in 2022, credited to the increasing popularity of vegan diets and consumer inclination toward plant-based alternatives. Rice bran products are used as a significant alternative to animal-derived products such as rice bran wax in place of beeswax in cosmetics and personal care products. Moreover, increasing focus on reducing waste and reusing resources for sustainability is also pushing regional growth.
 

Rice Bran Derivatives Market Share

Some of the key players profiled in the rice bran derivatives market include:

• Archer Daniels Midland Company
• Aggrotech International Ltd
• BCL Industries & Infrastructure Ltd
• RiceBran Technologies,
• Riceland Foods, Inc.
   

These companies engage in production capacity expansion to stay ahead in the industry.
 

Rice Bran Derivatives Industry News

• In June 2022, RiceBran Technologies, a rice bran derivatives producer, initiated the expansion project at its leading stabilized rice bran (SRB) facility capacity in Mermentau, Louisiana, U.S. This event was aimed at elevating its market position and increasing customer reach across North America market.
   
• In December 2021, Riceland Foods, Inc., an agricultural firm, invested over USD 13 million in Arkansas Plant for business expansion in Stuttgart and Jonesboro regions. With this investment, the company intended to boost its product offerings and increase production capacity.
   

The rice bran derivatives market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments:

Click here to Buy Section of this Report

Market, By Product

• Rice Bran Oil
• Rice Bran Meal

Market, By Application

• Food & Beverage Industry
• Animal Feed
• Cosmetics & Personal Care
• Biofuel
• Pharmaceuticals & Nutraceuticals
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
  • Malaysia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • South Africa
  • Saudi Arabia