The Latin America, Middle East and Africa Rice Bran Derivatives Market would witness market growth of 7.3% CAGR during the forecast period (2022-2028).
Rapid urbanization, increasing supply, different lifestyles, effective promotional marketing, and expanded penetration in established and new markets are further important factors driving expansion. Governments worldwide have implemented several policies to manage the availability and demand of cooking oils. As a result, several producers and investors have removed the quantitative restrictions on organic edible oils, leading to a boom in the rice bran derivatives market.
Since rice bran oil has a greater smoke point than other oils like palm oil, this oil is frequently used to prepare foods that call for high heating temperatures. Food that requires high heat points is prepared in restaurants throughout many nations. As a result, several restaurants, cooking establishments, and eateries gradually start using this oil to produce diverse foods. In addition, restaurant chains are utilizing these goods to enhance the nutritional profile of menu items.
More and more customers are becoming aware of and appreciating nutritious, fresh, and high-quality food. The population's main concerns are health and personal care. Simultaneously, the higher demand for rice and rice bran products has facilitated their inclusion in numerous products, from rice bran oil to rice bran derivatives-based face creams. Similarly, with nations like Saudi Arabia, Kuwait, and Qatar topping the charts for most obese countries per capita, the F&B sector has long been under investigation in the Middle East. As a result, the market will grow dramatically in the region during the next few years.
The Brazil market dominated the LAMEA Rice Bran Derivatives Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $154.5 Million by 2028. The Argentina market is experiencing a CAGR of 7.9% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 7% during (2022 - 2028).
Based on Application, the market is segmented into Food & Beverage, Animal Feed, Cosmetics & Personal Care, Biofuel, Pharmaceuticals & Nutraceuticals, and Others. Based on Product, the market is segmented into Rice Bran Oil and Rice Bran Meal. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Rice Bran Derivatives Market is Projected to reach USD 9 Billion by 2028, at a CAGR of 5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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)
By Application
By Product
By Country
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