Report ID: UCMIG30H2055
Report ID:
UCMIG30H2055 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global rice bran derivatives market achieved a valuation of USD 6.55 billion in 2022, reflecting its substantial size and importance in the industry. Projections indicate that the market will continue to grow steadily, with a projected compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. This growth can be attributed to various factors, including increasing consumer awareness about the nutritional benefits of rice bran derivatives and their versatile applications in food, cosmetics, and pharmaceutical industries. Additionally, the expanding global population and rising disposable incomes in developing economies are expected to drive the demand for rice bran derivatives in the forecast period. Overall, the future looks promising for the global rice bran derivatives market, offering lucrative opportunities for industry players.
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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Report ID: UCMIG30H2055