Global Rice Bran Oilcake Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
The by product known as Rice Bran Oilcake is derived from extracting oil from rice bran. Is valued for its protein content as well as fiber and essential oils which are beneficial in the animal feed sector due to its high nutritional value and ability to enhance livestock health and productivity significantly. Apart, from being used in animal feed production industry it is also utilized in fertilizers because of its rich nutrient composition.
Market Key Insights
- The Rice Bran Oilcake market is projected to grow from $545.5 million in 2024 to $986 million in 2034. This represents a CAGR of 6.1%, reflecting rising demand across Animal Feed, Fertilizers and Biofuel Production.
The market leaders Wilmar International Limited Archer Daniels Midland Company and Bunge Limited drive the competitive dynamics of this industry.
- India and China are the top markets within the Rice Bran Oilcake market and are expected to observe the growth CAGR of 4.0% to 5.9% between 2024 and 2030.
- Emerging markets including Vietnam, Nigeria and Argentina are expected to observe highest growth with CAGR ranging between 7.0% to 8.4%.
The Rice Bran Oilcake market will receive a $57.7 million growth boost from the transition toward sustainable feed production during the next decade.
- The Rice Bran Oilcake market is set to add $441 million between 2024 and 2034, with manufacturer targeting Fertilizer & Biofuel Application projected to gain a larger market share.
- With
increasing health consciousness, and
versatility in applications, Rice Bran Oilcake market to expand 81% between 2024 and 2034.
Opportunities in the Rice Bran Oilcake
The growing inclination towards health awareness among consumers opens up a lucrative market for Rice Bran Oilcake. A by product of rice milling known for its high protein and fiber content that is gaining popularity for its health benefits, in the wellness industry.
Growth Opportunities in North America and Asia Pacific
North America Outlook
In North America's Rice Bran Oilcake market demand is on the rise due to the thriving livestock industry in the region. The nutrient rich Rice Bran Oilcake with its high protein content is favored as feed for poultry, livestock and fish gaining popularity. Moreover the competition is fierce with players like Archer Daniels Midland Company and Cargill Incorporated leading to increased innovation and quality enhancements, in the Rice Bran Oilcake industry. The market growth is being driven further by the growing recognition of farming methods and the adoption of organic feed.
Asia Pacific Outlook
The Asia Pacific region is a market for Rice Bran Oilcake with countries like India and China playing a significant role due to their large scale rice cultivation practices; Thailand also contributes notably to this market sector. Local manufacturers in these countries benefit from raw materials and cutting edge extraction techniques that give them a competitive advantage in the industry. The growth of the aquaculture sector in the region acts as a catalyst for the Rice Bran Oilcake market since it serves as a valuable feed source, for diverse fish species. The local and global market shows competition between various players striving to gain a bigger share of the market pie here. The growing need for healthier animal feed options creates profitable prospects for Rice Bran Oilcake producers, in the Asia Pacific region.
Market Dynamics and Supply Chain
Driver: Increasing Health Consciousness, and Technological Advancements in Extraction Processes
The utilization of Rice Bran Oilcake spans across sectors including animal feed production biofuel manufacturing and fertilizer industry applications due to its notable attributes in each area; its substantial protein content makes it a valuable component in livestock feed production while its abundant oil content renders it a feasible option for biofuel generation purposes as well Also its nutrient rich composition qualifies it as an effective organic fertilizer This adaptability and usefulness across different sectors are also predicted to drive the increasing demand, for Rice Bran Oilcake.
Restraint: High Processing Costs
Opportunity: Strategic Collaborations for Market Penetration and Technological Innovations in Processing
The progress made in enhancing the processing of Rice Bran Oilcake to extract nutrients presents a favorable pathway for growth ahead. Advances in equipment and methods have the potential to improve productivity and standards significantly; thus elevating the appeal of Rice Bran Oilcake, in the market.
Challenge: Lack of Awareness
Supply Chain Landscape
Cargill Incorporated
Archer Daniels Midland Company
Ricela Health Foods Ltd.
Sethia Oils Ltd
Bunge Limited
Wilmar International Ltd
Animal Feed
Biofuel
Fertilizer
Cargill Incorporated
Archer Daniels Midland Company
Ricela Health Foods Ltd.
Sethia Oils Ltd
Bunge Limited
Wilmar International Ltd
Animal Feed
Biofuel
Fertilizer
Applications of Rice Bran Oilcake in Animal Feed, Fertilizers & Biofuel Production
Rice Bran Oilcake is commonly utilized in animal feed thanks to its nutritional profile that includes proteins as well as essential vitamins and minerals within it. This exceptional ingredient serves as a valuable dietary supplement for livestock like cows and pigs along with poultry and fish since it plays a significant role in improving their well being and efficiency. Prominent companies such as Cargill and ADM hold pivotal roles, in this particular industry by capitalizing on the advantages of Rice Bran Oil Cake to elevate the standard of their animal feed offerings.
Rice Bran Oilcake also finds an use in creating natural fertilizers for farming purposes due to its high nutritional value that enhances soil quality and supports the growth of strong and healthy crops in an environmentally friendly manner. Businesses, like Agrocart and Neelam Phyto extracts have taken advantage of this opportunity by offering organic fertilizers to consumers.
The use of Rice Bran Oilcake extends to the production of biofuels well due to its rich oil content which serves as a sustainable option for making biodiesel and providing an environmentally friendly substitute for conventional fuels in the market today. Leading companies such, as BioD Energy and Universal Biofuels have acknowledged this opportunity by incorporating Rice Bran Oilcake into their biofuel manufacturing procedures.
Recent Developments
Cargill revealed its plans to expand the Rice Bran Oilcake production units in India due to the rising demand for this byproduct, in animal feed usage.
Biovet Pvt Ltd introduced a range of feed supplements based on Rice Bran Oilcake. The company emphasizes the protein and fiber content of the product.
According to a report from the Food and Agriculture Organization there has been a rise in the worldwide demand for Rice Bran Oilcake due to its increasing popularity, in sustainable agricultural methods.
In the market scenario today There is a notable rise in interest surrounding Rice Bran Oilcake, a leftover from rice processing known for its rich nutrients and diverse uses. Lately There is been an uptick in demand for this product especially from the animal feed sector. This increase is attributed to the acknowledgment of Rice Bran Oilcake as an nourishing component, for animal feed.