Rice Bran Derivatives Market Size, Share & Trends Analysis Report By Product (Rice Bran Oil, Rice Bran Meal), By Application (Food & Beverage, Animal Feed), By Region, And Segment Forecasts, 2023 - 2030

Rice Bran Derivatives Market Size, Share & Trends Analysis Report By Product (Rice Bran Oil, Rice Bran Meal), By Application (Food & Beverage, Animal Feed), By Region, And Segment Forecasts, 2023 - 2030

Rice Bran Derivatives Market Growth & Trends

The global rice bran derivatives market size is expected to reach USD 10.1 billion by 2030, expanding at a CAGR of 5.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. growing consumer preference for plant-based foods globally, and increasing demand for alternative proteins ingredients in various end-use industries, are the major factors driving the market growth.

Consumers are becoming more aware of the health benefits of a balanced diet and are increasingly looking for functional foods that can support their health goals. Rice bran derivatives are rich in nutrients such as fiber, vitamins, and antioxidants, which are associated with a range of health benefits. For example, rice bran is high in dietary fiber, which can promote digestive health and help lower cholesterol levels. Additionally, rice bran is rich in vitamins B and E, which can help support immune function and protect against oxidative stress.

In addition, the rising demand for the animal feed industry globally is also encouraging the demand for rice bran derivatives. It is a by-product of the rice milling process and is used as a high-quality ingredient in animal feed due to its high protein content, which can help promote animal growth and health. Rice bran is also a good source of energy important for livestock production.

Also, the demand for gluten-free products is increasing due to the growing prevalence of celiac disease and gluten sensitivity. Rice bran derivatives are gluten-free and can be used as a substitute for wheat-based ingredients in many food products. For example, rice bran can be used to make gluten-free bread, pasta, and baked goods that have similar texture and flavor profiles as wheat-based products. This makes rice bran derivatives a popular ingredient in the gluten-free food market. Germany-based Beneo GmBH offers RemyLiVE shelf stable rice bran which helps in adding dietary fiber in gluten-free baked goods.

Asia Pacific is anticipated to grow at a substantial CAGR from 2023-2030 due to an increase in the consumption of healthy food products. Rice is a staple food in many Asian countries, and as a result, there is a large amount of rice bran available 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 other industrial applications,

In addition, the food and beverage industry in Asia Pacific is experiencing rapid growth and is looking for new, innovative ingredients to improve the nutritional profile and functional properties of their products. Rice bran derivatives offer a range of functional benefits, such as improved texture, shelf-life, and stability, making them an attractive option for food and beverage manufacturers in the region.

Rice Bran Derivatives Market Report Highlights

• Rice bran oil held the largest market share in 2022 owing to its ease of availability, and its high nutritional properties.
• The food and beverage segment emerged as the largest application segment with the highest revenue share in 2022 owing to rising demand for plant-based ingredients among consumers.
• Pharmaceuticals & Nutraceuticals in the application segment is expected to expand at a significant CAGR from 2023-2030. The growth can be attributed to rising consumer demand for dietary supplements among consumers globally.
• Asia Pacific is estimated to grow significantly over the forecast period owing to various developments in healthcare and cosmetic sectors in developing countries in the region.

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