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Rice Bran Derivatives Market Trends

Report ID: GMI5661
Published Date: May 2023
Report Format: PDF

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Rice Bran Derivatives Market Trends

Global Rice Production, 2020 – 2032 (Million Tons)

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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of rice bran derivatives accounted for USD 6.5 billion in 2022 and will progress at a 5.5% CAGR between 2023 and 2032, propelled by the growing use of rice bran spin-offs in the food & beverages sector.

The rice bran oil segment held 72% of the market share in 2022, as a result of increased demand for fat-free food and growing consumer health consciousness.

The rice bran derivatives industry size from the pharmaceuticals & nutraceuticals application segment will expand at over 5.5% CAGR from 2023 to 2032, owing to increasing awareness regarding the benefits of rice bran products.

Europe market size reached over USD 4 million in 2022, due to the increasing popularity of vegan diets and consumer inclination toward plant-based alternatives in the region.