Product ID: UCMIG30H2101
Report ID:
UCMIG30H2101 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The 2022 global market size for bran reached an estimated value of $69.56 billion, with a projected compound annual growth rate (CAGR) of 8.5% from 2023 to 2030. The increased emphasis on maintaining a healthy lifestyle and adopting natural, whole foods, along with a growing awareness of the nutritional benefits of bran, has been a driving force behind the rising demand for bran products. Bran is renowned for its abundance of antioxidants, minerals, dietary fiber, and vitamins, which contribute significantly to overall well-being and digestive health. Moreover, the recognition of the advantages of a high-fiber diet among consumers has led many companies to integrate fiber-rich ingredients into their products.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Agricultural Products by segment aggregation, the contribution of the Agricultural Products in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG30H2101