The Asia Pacific Bran Market would witness market growth of 8.1% CAGR during the forecast period (2023-2030).
Cereal and grain-based foods have become more prevalent in the processed food industry, even though fruits and vegetables are high in dietary fiber. Nowadays, several food products, including bakery goods, pasta & noodles, and breakfast cereals, use wheat millers' bran, which is high in fiber. Wheat miller's bran recipes are predicted to become more prevalent in consumer diets as a result of the growing interest in plant-based food. The market is anticipated to increase faster throughout the forecast period due to the "fiber-rich" trend.
Wheat bran products are becoming more popular as consumers seek more nutrient-dense, healthy foods. Protein included in wheat bran aids in forming enzymes and other chemical processes. Wheat bran has a higher fiber content than other grains, which helps to absorb dietary cholesterol and prevent constipation.
Wheat bran is added to heavy animal feed to lighten and add the right amount of protein and amino acids. Horses, cows, sheep, and swine are frequently fed wheat bran. Many animal feed products on the market contain fiber-rich wheat bran, like Garudan Mach wheat bran for poultry and cattle and wheat bran animal feed by BS Group.
A sizable vegetarian population and a rising desire for healthy food drive India's rapid growth of plant-based meat alternatives. India's population of 1.38 billion people, approximately 18% of the world's population, as of March 2021. In addition, the Asia-Pacific region is the largest producer of wheat and wheat-milled byproducts, such as bran, and thus leads the market. The enormous quantity of livestock is another factor in the growing demand for bran as animal feed. A larger acceptance of fiber-rich items like bran and changes in the consumption habits of the region would also help the market expand.
The China market dominated the Asia Pacific Bran Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $20,106.6 million by 2030. The Japan market is registering a CAGR of 7.4% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 8.7% during (2023 - 2030).
Based on Application, the market is segmented into Food (Bakery Goods, Oil, Breakfast Cereals, Pasta & Noodles, and Others), Animal Feed, Health & Wellness, and Others. Based on Distribution Channel, the market is segmented into B2B, and B2C. Based on Source, the market is segmented into Wheat, Rice, Corn, Barley, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Bran Market is Projected to reach USD 122.9 Billion by 2030, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include GoodMills Group GmbH (Leipnik-Lundenburger), Riceland Foods, Inc., Wilmar International Limited, Archer Daniels Midland Company, Hindustan Animal Feeds, Astra Alliance, Siemer Milling Company, Didion Inc., Grain Millers, Inc. and Grain Processing Corporation (Kent Corporation).
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