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

Report Overview

The global rice bran derivatives market was valued at USD 6.55 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. The growth of the market is being driven by the increasing use of rice bran derivatives in food and beverage applications as healthy alternatives to traditional oils and fats. Furthermore, the perceived health benefits offered by rice bran oil are also driving the demand for the market. The COVID-19 pandemic positively impacted the market owing to the rise in the number of consumers opting for healthier alternatives. The pandemic also highlighted the importance of a healthy diet, thereby increasing the demand for healthy oils. For instance in 2021, as per a survey by a Japan-based provider of rice bran oil, TSUNO Group, the use of rice bran oil as a household oil expanded by 42% during the pandemic owing to health concerns among consumers in the country.

Growing concerns over the risk of heart diseases, diabetes, and brain stroke due to the consumption of trans-fat consumption are also promoting the use of rice-bran derivatives. Rice bran oil is one of the most popular rice bran derivatives, and its demand has been steadily increasing due to its numerous health benefits. Rice bran oil is rich in antioxidants, vitamin E, and other essential nutrients, which make it a healthier alternative to other vegetable oils.

Furthermore, advances in processing and extraction technology have improved the quality and efficiency of rice bran derivatives production. For example, the use of supercritical CO2 extraction has enabled the production of high-quality rice bran oil with minimal solvent residue. For instance, in May 2022, U.S.-based RiceBran Technologies announced the expansion of the company’s facility in Minnesota. Through the expansion, the company aims to double the capacity of the pearling mill to cater to the growing demand for grain-based ingredients such as rice and other ancient grains.

Also, the development of new rice bran derivatives and improved processing methods have expanded the range of applications for rice bran products. For example, rice bran wax is now being used as an ingredient in cosmetics, and rice bran protein is being used in sports nutrition and animal feed products.

Product Insights

Rice bran oil dominated the product segment accounting for the highest revenue share of over 74% in 2021. The demand for rice bran oil is driven by the high demand for fat-free foods coupled with rising consumer health consciousness. The presence of essential nutrients such as gamma, Vitamin E, and oryzanol make rice bran-derived products an ideal choice for consumers who want to lower their cholesterol levels to prevent the risk of chronic diseases. In addition, the neutral taste of the oil does not impact the taste of cooked foods, thereby acting as a popular choice of edible oil among consumers.

Support from regulatory bodies towards the consumption of rice-bran oil has further increased the demand for the segment. For instance, the American Heart Association and the World Health Organization have approved the use of rice bran oil owing to its saturated fat composition and perceived health benefits. The regulations have compelled manufacturers to increase the number of rice-bran offerings in retail stores and supermarkets to consumers.

The rice bran meal segment is predicted to expand at a CAGR of 5.2% during the forecast period of 2023-2030. Rice bran meal is a byproduct of rice milling, and it is gaining popularity as an ingredient in animal feed due to its high nutritional value. As global demand for meat, dairy, and other animal products continues to rise, there is a corresponding increase in demand for high-quality animal feed. Rice bran meal is an excellent source of energy, protein, and essential fatty acids, making it an attractive ingredient for livestock feed.

Application Insights

The food & beverage segments dominated the application segment with the largest share of 44.4%. Rice bran derivatives are increasingly being used in the food and beverage industry due to their functional properties and nutritional benefits. For instance, Rice bran protein is a high-quality protein source that is derived from the protein-rich fraction of rice bran. It is a complete protein, containing all essential amino acids, and it is often used in sports nutrition products, protein bars, and other functional foods.U.S.-based RiceBran Ingredients offers  Prorzya, a range of protein ingredients made from rice bran. The ingredients can be used in beverage applications. Overall, rice bran derivatives offer a range of functional and nutritional benefits that make them an attractive ingredient in the food and beverage industry. They are also a sustainable and environmentally friendly option, as they are derived from a byproduct of rice milling, which would otherwise be discarded or used for low-value applications.

The pharmaceutical & nutraceutical segment is anticipated at the fastest CAGR of 6.7% during the forecast period. The nutritional and functional properties offered by rice starch derivatives make it an ideal choice for the nutraceutical and pharmaceutical industry. Antioxidants such as gamma-oryzanol and tocotrienol are derived from rice bran oils and are used as major ingredients in nutraceuticals, functional foods, and dietary supplements. In June 2021, India-based Ricerol Group announced the launch of Gamma Oryzanol. The company has launched the natural antioxidant in form of tablets. The launch of the product will help the company to cater to the growing demand for gamma oryzanol-based supplements in India.

Regional Insights

Asia Pacific led the market and accounted for over 64% share of the global revenue in 2022. The demand for rice bran based products is high in the region owing to the easy availability of raw materials across the region. Japan, India, and China are the major producers of rice bran in the region. The rise in the number of health-conscious consumers coupled with the health benefit offered by rice bran are the primary factors driving the demand for the market. Furthermore, supportive initiatives by the government in the region is also boosting the market growth. For example, in June 2021, India’s government announced the launch of rice bran oil in India. The oil was marketed by the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED).

In addition, the rise in the usage of rice-bran derivatives in multiple applications in the region is also boosting the demand for the market. In December 2022, Japan-based Satake Corporation announced the launch of a meat substitute made from defatted rice bran. The launch of the product will act as a new source of income for farmers in the country.

The North American rice bran derivatives market is estimated at a CAGR of 6.0% from 2023-2030. The rising demand for rice-based proteins owing to changing dietary habits and lack of dietary intake is boosting the demand for the market. The demand for low-cholesterol foods has boosted the demand for rice-bran derivatives in the region. Consumers in the region are switching togreen-labell foods which is also supporting the growth of the market.

In December 2022, RiceBran Technologies, a producer of nutritional and functional ingredients derived from rice and other grain, announced the commencement of a capacity expansion project for its SRB facility located in Mermentau, Louisiana. This expansion will enhance the facility's stabilizing capabilities, enabling the company to cater to the rising demand for North American-originated ingredients in the pet care industry.

Key Companies & Market Share Insights

The global rice bran derivatives market is expected to witness competition among the companies due to the presence of several players across the industry. Due to changing consumer trends, several companies are increasing their product portfolio to gain a competitive edge in the market. Some of the key players include Riceland Foods, Inc., Wilmar International Limited, Archer Daniels Midland Company, BCL Industries & Infrastructure Ltd., and  A.P. Refinery Pvt. Ltd, Aggrotech International Ltd., among others.

Manufacturers are increasingly engaged in R&D activities related to products that are used in the manufacturing of rice bran derivatives. They are also expanding their production capacities to meet the growing demand for rice bran derivatives from the application industry. For instance, in November 2021, Archer Daniels Midland announced the acquisition of Sojaprotein, a  provider of non-GMO ingredients. Through this, ADM has significantly expanded its alternative protein capabilities and reinforced its ability to meet the growing demand for plant-based food and beverage options. Some of the prominent key companies operating in the global rice bran derivatives market include:

• Riceland Foods, Inc.

• Wilmar International Ltd.

• Archer Daniels Midland Company

• BCL Industries & Infrastructure Ltd

• A.P. Refinery Pvt. Ltd.

• Agrotech International Ltd

• RiceBran Technologies

• Golden Grain Group Limited

• Agro Tech Foods Ltd.

• Kaisuri Co., Ltd

• Maharashtra Solvent Extraction (P) Ltd.

Rice Bran Derivatives Market Report Scope

Global Rice Bran Derivatives Market Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global rice bran derivatives market report based on product, application, and region:

• Product Outlook (Revenue, USD Million, 2017 - 2030)

  • Rice Bran Oil

  • Rice Bran Meal

• Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Food & Beverages

  • Animal Feed

  • Cosmetics & Personal Care

  • Biofuel

  • Pharmaceuticals & Nutraceuticals

  • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia & New Zealand

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa