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Rice Bran Derivatives Market Size
- Report ID: GMI5661
- Published Date: May 2023
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Rice Bran Derivatives Market Size in 2022: | USD 6.5 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5.5% |
| 2032 Value Projection: | USD 11.1 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 230 |
| Tables, Charts & Figures: | 179 |
| Segments covered: | Product, Application |
| Growth Drivers: |
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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.
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Rice Bran Derivatives Market Scope
