Global Rice Bran Derivatives Market Overview
The Rice Bran Derivatives Market Size was estimated at 1.66 (USD Billion) in 2022. The Rice Bran Derivatives Industry 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).
Key Rice Bran Derivatives Market Trends Highlighted
The Rice Bran Derivatives Market is gaining significant traction, driven by rising health consciousness and growing demand for natural and sustainable food ingredients. Edible rice bran oil, considered a healthier alternative to traditional oils, has witnessed increased consumption in various food applications.
Moreover, the rising demand for rice bran protein, a high-quality plant-based alternative to animal protein, is fueling market expansion. Bioactive compounds found in rice bran derivatives are driving demand for functional foods and nutraceuticals, further contributing to market growth.
Additionally, the increasing popularity of gluten-free diets is creating opportunities for rice bran as a substitute for wheat flour in bakery products. Exploring these market trends and capturing emerging opportunities will be crucial for stakeholders seeking to capitalize on the burgeoning rice bran derivatives market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Rice Bran Derivatives Market Drivers
Rising demand for natural and healthy food products
Consumers are increasingly seeking out natural and healthy food products as they become more aware of the health benefits associated with a balanced diet. Rice bran derivatives are a natural source of fiber, protein, and antioxidants, which makes them an attractive option for consumers looking to improve their health. The growing demand for natural and healthy food products is expected to drive the growth of the Rice Bran Derivatives Market in the coming years.
Increasing use of rice bran derivatives in food and beverage applications
Rice bran derivatives are increasingly being used in food and beverage applications as they offer a number of functional benefits. For example, rice bran fiber can be used as a thickener, stabilizer, and emulsifier, while rice bran protein can be used as a nutritional supplement. The growing use of rice bran derivatives in food and beverage applications is expected to drive the growth of the Rice Bran Derivatives Market in the coming years.
Expanding applications of rice bran derivatives in personal care and cosmetics
Rice bran derivatives are also finding increasing use in personal care and cosmetics applications. For example, rice bran oil is a rich source of antioxidants and emollients, which makes it an ideal ingredient for skin care products. The growing use of rice bran derivatives in personal care and cosmetics applications is expected to drive the growth of the Rice Bran Derivatives Market in the coming years.
Rice Bran Derivatives Market Segment Insights
Rice Bran Derivatives Market Product Type Insights
The Rice Bran Derivatives Market is segmented by product type into rice bran oil, rice bran protein, rice bran fiber, rice bran wax, and other rice bran derivatives. The rice bran oil segment is expected to hold the largest market share during the forecast period due to its wide range of applications in the food and beverage, personal care, and industrial sectors. Rice bran oil is a rich source of antioxidants and essential fatty acids, which makes it a popular ingredient in cooking oils, salad dressings, and cosmetics. The rice bran protein segment is also expected to experience significant growth during the forecast period due to its high nutritional value and increasing demand for plant-based proteins.Rice bran protein is a complete protein, meaning that it contains all nine essential amino acids, and it is also a good source of dietary fiber. The rice bran fiber segment is expected to grow steadily during the forecast period due to its increasing use in food products as a source of dietary fiber. Rice bran fiber is a good source of insoluble fiber, which is important for digestive health. The rice bran wax segment is expected to experience moderate growth during the forecast period due to its use in various industrial applications, such as the production of candles, polishes, and lubricants.This growth is attributed to the increasing demand for rice bran derivatives from various end-use industries, such as food and beverage, personal care, and animal feed. The rising awareness of the health benefits of rice bran derivatives is also driving the growth of the market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Rice Bran Derivatives Market Application Insights
The Application segment of the Rice Bran Derivatives Market is primarily driven by the increasing demand for rice bran oil and rice bran protein in various industries. Rice bran oil, being rich in antioxidants and essential fatty acids, is widely used in food and beverages, personal care and cosmetics, and pharmaceuticals. The growing awareness of the health benefits of rice bran oil has led to its increasing adoption in food products, such as cooking oils, salad dressings, and margarine. In the personal care and cosmetics industry, rice bran oil is used as a natural moisturizer and emollient in skincare and haircare products.It is also gaining popularity in pharmaceuticals due to its anti-inflammatory and antioxidant properties. Rice bran protein, on the other hand, is used as a plant-based protein source in animal feed and as a functional ingredient in food and beverages. The Application segment is expected to contribute significantly to this growth, with the food and beverages, personal care and cosmetics, and pharmaceuticals industries serving as major end-use markets for rice bran derivatives.
Rice Bran Derivatives Market Extraction Method Insights
The Rice Bran Derivatives Market Segmentation by Extraction Method comprises Mechanical Expeller Pressing, Solvent Extraction, and Other Extraction Methods. Among these, Mechanical Expeller Pressing dominates the market with a revenue share of around 55.0% in 2023 and is projected to maintain its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing demand for minimally processed and natural food ingredients. Additionally, mechanical expeller pressing is a cost-effective and environmentally friendly extraction method, making it a preferred choice for manufacturers.Solvent Extraction holds the second-largest market share due to its high efficiency and ability to extract a wide range of compounds from rice bran. However, concerns regarding the use of chemical solvents may hamper the growth of this segment to some extent. Other Extraction Methods, such as supercritical fluid extraction and microwave extraction, are gaining traction due to their ability to extract specific components and preserve the bioactivity of the extracts. They are expected to witness significant growth over the forecast period.
Rice Bran Derivatives Market Form Insights
The 'Form' segment in the Rice Bran Derivatives Market encompasses various physical forms in which rice bran derivatives are available - 'Liquid', 'Powder', and 'Flakes'. As of 2023, the Rice Bran Derivatives Market revenue was valued at 1.78 USD Billion. Among its sub-segments, the Liquid form holds a significant market share. In 2023, the market size of Liquid Rice Bran Derivatives was valued at 865 Million USD. Due to its ease of handling and incorporation into various applications, liquid rice bran derivatives are widely used in the food and beverage industry.The Powder form, valued at 545 Million USD in 2023, is another important segment. Powdered rice bran derivatives are gaining popularity in nutritional supplements and bakery products due to their stability and extended shelf life. Flakes, valued at 370 Million USD in 2023, are primarily used as a food ingredient, providing dietary fiber, protein, and antioxidants.
Rice Bran Derivatives Market Regional Insights
The regional segmentation of the Rice Bran Derivatives Market offers valuable insights into market dynamics across different geographic regions. North America, Europe, APAC, South America, and MEA are the key regional markets for rice bran derivatives. North America holds a significant market share due to rising consumer awareness about healthy food products. Europe follows closely, driven by growing demand for natural and organic ingredients in food and beverage applications. APAC is anticipated to emerge as the fastest-growing region over the forecast period, owing to the increasing consumption of rice bran oil and other derivatives in countries like China and India.South America and MEA also present growth opportunities, with growing demand for rice bran derivatives in food and personal care industries, contributing to the overall growth of the Rice Bran Derivatives Market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Rice Bran Derivatives Market Key Players And Competitive Insights
Major players in the Rice Bran Derivatives Market industry are constantly striving to gain a competitive edge by investing in research and development, expanding their product portfolio, and entering into strategic partnerships. Leading Rice Bran Derivatives Market players are focusing on developing innovative products that meet the evolving needs of consumers. They are also expanding their distribution channels to reach a wider customer base. The Rice Bran Derivatives Market development is driven by the growing demand for natural and healthy ingredients in food and beverage applications. Rice bran derivatives are gaining popularity as they offer a range of health benefits, including reducing cholesterol levels, improving blood sugar control, and supporting weight management. The Rice Bran Derivatives Market Competitive Landscape is expected to remain highly competitive in the coming years, with key players vying for market share through product innovation, strategic alliances, and aggressive marketing strategies.A major competitor in the Rice Bran Derivatives Market is Archer Daniels Midland Company. The company offers a wide range of rice bran derivatives, including rice bran oil, rice bran protein, and rice bran fiber. Archer Daniels Midland Company has a strong global presence and is expanding its operations in emerging markets. The company is also investing in research and development to develop new and innovative rice bran derivatives.Another key competitor in the Rice Bran Derivatives Market is Cargill, Incorporated. The company offers a variety of rice bran derivatives, including rice bran oil, rice bran protein, and rice bran fiber. Cargill, Incorporated has a strong presence in North America and Europe and is expanding its operations in Asia-Pacific. The company is also investing in research and development to develop new and innovative rice bran derivatives.
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
Rice Bran Derivatives Market Industry Developments
The Rice Bran Derivatives Market is projected to reach USD 3.4 billion by 2032, exhibiting a CAGR of 7.43% during the forecast period (2024-2032). Rising consumer awareness about the health benefits of rice bran derivatives, coupled with increasing demand for natural and organic food products, is driving market growth. The market is also witnessing a surge in demand from the food and beverage industry, where rice bran derivatives are used as stabilizers, emulsifiers, and thickeners. Additionally, the growing popularity of rice bran oil in the personal care and cosmetics industry is further propelling market expansion. Key players are focusing on strategic partnerships, mergers, and acquisitions to expand their market share and enhance their product portfolio. Recent developments include the acquisition of RiceBran Technologies by Ingredion Incorporated in 2021, strengthening Ingredion's position in the rice bran derivatives market.
Rice Bran Derivatives Market Segmentation Insights
- Rice Bran Derivatives Market Product Type Outlook
- Rice Bran Oil
- Rice Bran Protein
- Rice Bran Fiber
- Rice Bran Wax
- Other Rice Bran Derivatives
- Rice Bran Derivatives Market Application Outlook
- Food and Beverages
- Personal Care and Cosmetics
- Pharmaceuticals
- Animal Feed
- Industrial
- Rice Bran Derivatives Market Extraction Method Outlook
- Mechanical Expeller Pressing
- Solvent Extraction
- Other Extraction Methods
- Rice Bran Derivatives Market Form Outlook
| Report Attribute/Metric |
Details |
| Market Size 2022 |
1.66(USD Billion) |
| Market Size 2023 |
1.78(USD Billion) |
| Market Size 2032 |
3.4(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
7.43% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2022 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
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 |
| Segments Covered |
Product Type, Application, Extraction Method, Form, Regional |
| Key Market Opportunities |
1 Rising demand for plant-based alternatives2 Health benefits and functional properties3 Growing awareness of sustainability4 Expansion into emerging markets5 Technological advancements |
| Key Market Dynamics |
1 Rising demand for natural ingredients2 Growing awareness of health benefits3 Increasing disposable income4 Expanding food and beverage industry5 Technological advancements |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Rice Bran Derivatives Market is expected to be valued at approximately USD 1.78 billion in 2023.
The market is projected to register a CAGR of 7.43% during the forecast period from 2024 to 2032.
The Asia-Pacific region is expected to hold the largest market share in the coming years due to the increasing demand for rice bran derivatives in countries like China, India, and Japan.
Rice bran derivatives are primarily used in the food and beverage industry, as well as in personal care and pharmaceutical applications. In the food industry, they are used as stabilizers, emulsifiers, and thickeners, while in personal care products, they are used as moisturizers, emollients, and anti-aging agents.
Some of the key players in the Rice Bran Derivatives Market include Archer Daniels Midland Company, Cargill, Incorporated, Wilmar International Limited, and Riceland Foods, Inc.
The growth of the Rice Bran Derivatives Market is primarily driven by the increasing demand for natural and healthy ingredients in food and personal care products, as well as the growing awareness of the health benefits associated with rice bran derivatives.
The major challenge faced by the Rice Bran Derivatives Market is the availability of low-cost substitutes, such as wheat bran and soy bran derivatives.
Key trends shaping the Rice Bran Derivatives Market include the growing demand for plant-based ingredients, the increasing use of rice bran derivatives in functional foods, and the development of new applications for rice bran derivatives in the pharmaceutical industry.
Potential growth opportunities for the Rice Bran Derivatives Market include the expansion of the market in emerging economies, the development of new and innovative applications for rice bran derivatives, and the increasing demand for sustainable and eco-friendly ingredients.
Key regulatory considerations for the Rice Bran Derivatives Market include the need to comply with food safety regulations, as well as the need to obtain regulatory approval for new applications of rice bran derivatives.
