According to a new report, published by KBV research, The Global Rice Bran Derivatives Market size is expected to reach $9 billion by 2028, rising at a market growth of 5.0% CAGR during the forecast period.
The Animal Feed segment is showcasing a CAGR of 4.8% during (2022 - 2028). There is a lot of oil in rice bran. Due to its high oil content, rancidity causes storage issues. A lipolytic enzyme brings on the rancidity in the bran that becomes active throughout processing and causes the oil's free fatty acid concentration to rise quickly. A large amount of linoleic acid—crucial in laying hen diets—is a benefit of the high oil content. The B vitamins are also abundant in rice bran. As a result, it is highly preferred for manufacturing animal feed.
The Rice Bran Oil segment acquired maximum revenue share in the Global Rice Bran Derivatives Market by Product in 2021 thereby, achieving a market value of $6.8 billion by 2028. The high demand for fat-free goods and growing consumer health consciousness drive the need for rice bran oil. The oil's neutral flavor has little effect on the flavor of cooked items, making it a popular option for edible oil among customers. The usage of rice-bran oil is supported by regulatory agencies, which has increased demand for the market.
The Asia Pacific market dominated the Global Rice Bran Derivatives Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5.3 billion by 2028. The Europe market is experiencing a CAGR of 4.7% during (2022 - 2028). Additionally, The North America market would display a CAGR of 4.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/rice-bran-derivatives-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 Archer Daniels Midland Company, Wilmar International Limited, A.P. Refinery Private Limited, Cargill, Incorporated, BCL Industries Limited, Riceland Foods, Inc., Agrotech International Limited (AIL), RiceBran Technologies, Golden Grain Group Limited, and Agro Tech Foods Limited (CAG – Tech (Mauritius) Limited)
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