Rice Bran Derivatives Market Size & Share 2023 to 2032
Market Size by Product (Rice Bran Oil, Rice Bran Meal), by Application (Food & Beverage Industry, Animal Feed, Cosmetics & Personal Care, Biofuel, Pharmaceuticals & Nutraceuticals, Others) & Global Forecast.
Report ID: GMI5661
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Published Date: May 2023
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Report Format: PDF
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Authors:
Kiran Pulidindi, Kunal Ahuja
Rice Bran Derivatives Market Size
Rice Bran Derivatives Market size was valued at USD 6.5 billion in 2022 and is projected to grow at 5.5% CAGR from 2023 to 2032.
Rice Bran Derivatives Market Key Takeaways
Market Size & Growth
Key Market Drivers
The growing use of rice bran spin-offs in the food & beverages sector will drive the industry adoption. The rising disposable income and health consciousness across the globe have pushed market expansion. Moreover, supportive efforts by governments to ensure safe and healthy production is contributing to product outlook. For instance, in April 2022, the Ministry of Chemical and Fertilizers issued the Rice Bran Fatty Acid (Quality Control) Order, 2022 to ensure the quality of derivatives and boost the market growth.
Limited awareness among many end-use industries is negatively impacting the rice bran derivatives market size. Moreover, the rising use of alternatives including soybean oil, palm oil, and other vegetable oils is also affecting the product outlook. Price fluctuations due to high costs of raw materials and equipment, energy, and transportation are also slowing down industry progression.
COVID-19 Impact
The COVID-19 pandemic impacted the product and distribution of rice bran derivatives due to stringent lockdowns and social distancing measures. Labor shortages and transportation disruptions also adversely affected the rice bran derivatives market revenue and increased product prices. However, the increasing demand for healthy and functional food ingredients to improve immunity and support overall health has raised the uptake of rice bran derivatives, which are rich in antioxidants and contain other bioactive compounds that have potential health benefits.
Rice Bran Derivatives Market Trends
The rising global rice production is a major factor boosting the industry growth. As per USDA, rice production estimations were raised from 1.5 million cwt to 176 million cwt for 2022-23 as a result of increased yield in the U.S. Several high-yield regions are benefitting from increased rice production, which boosts the availability of rice bran derivatives. This has also accelerated import and export trades among countries, enhancing product adoption globally.
Rice Bran Derivatives Market Analysis
The rice bran oil segment held 72% of the rice bran derivatives market share in 2022, due to increased demand for fat-free food and growing consumer health consciousness. Rice bran aids in reducing cholesterol levels and lessen the chance of developing chronic illnesses as they include nutrients viz., gamma, Vitamin E, and oryzanol. According to a 2022 study, the consumption of rice bran oil reduces serum total cholesterol, low-density cholesterol, and triglyceride levels, decreasing the risks of hyperlipidemia in adults.
The rice bran derivatives market size from the pharmaceuticals & nutraceuticals application segment will expand at more than 5.5% CAGR through 2032, attributed to the increasing awareness regarding the benefits of rice bran, including antioxidants, vitamins, minerals, and other nutrients, which help in reducing inflammation, refining cardiovascular health, and improving immunity. In addition, promising investments in R&D programs to discover new qualities of rice bran are propelling segment growth.
The Europe rice bran derivatives market was reached over USD 4 billion in 2022, credited to the increasing popularity of vegan diets and consumer inclination toward plant-based alternatives. Rice bran products are used as a significant alternative to animal-derived products such as rice bran wax in place of beeswax in cosmetics and personal care products. Moreover, increasing focus on reducing waste and reusing resources for sustainability is also pushing regional growth.
Rice Bran Derivatives Market Share
Some of the key players profiled in the rice bran derivatives market include:
These companies engage in production capacity expansion to stay ahead in the industry.
Rice Bran Derivatives Industry News
The rice bran derivatives market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments:
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Market, By Product
Market, By Application
The above information has been provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
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Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →