According to a new report, published by KBV research, The Global Bran Market size is expected to reach $122.9 billion by 2030, rising at a market growth of 8.0% CAGR during the forecast period.
The Animal Feed segment would witness a CAGR of 8.1% during (2023 - 2030). Rice bran has a substantial amount of oil. Rancidity affects storage because of the high oil content. The rancidity in the bran is caused by a lipolytic enzyme that activates during processing and causes a rapid increase in the free fatty acid concentration of the oil. The benefits of the high oil content include a significant amount of linoleic acid, which is essential in laying hen diets. Rice bran contains a lot of B vitamins as well. As a result, it is often used to produce animal feed.
The B2B segment acquired maximum revenue share in the Global Bran Market by Distribution Channel in 2022; thereby, achieving a market value of $74.6 billion by 2030. Manufacturers in the segment are looking for bran to improve their products' nutritional profile due to the increased demand for healthier food products. The demand for bran is further increased by the simple way it may be included in baked goods, cereals, animal feed, and snacks. To satisfy the needs of these consumer segments, food manufacturers cater to specific dietary requirements and include bran in their products.
The Rice segment is showcasing a CAGR of 8.4% during (2023 - 2030). The nutritional profile of rice bran includes a high caloric content, protein, essential fatty acids, and minerals. It has enough nutrients to support animal development, growth, and overall health. The increase in research studies and initiatives on using rice bran in animal feed for health benefits is supporting the segment's growth.
The Asia Pacific region dominated the Global Bran Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $72 billion by 2030. The Europe market is poised to grow at a CAGR of 7.6% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 7.3% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/bran-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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