Global Defatted Rice Bran Market Research Report – Segmented by Nature (Organic and Conventional); By Application (Food & Beverage, Animal Feed, Cosmetics & Personal Care, Biofuel, Pharmaceuticals & Nutraceuticals, and Others); and Region - Size, Share, Growth Analysis | Forecast (2024 – 2030)

Defatted Rice Bran Market Size (2024 – 2030)

The Global Defatted Rice Bran Market was valued at USD 741.6 million and is projected to reach a market size of USD 912.07 million by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 3%. 

A rice bran is a milled rice product that contains the seed coat. Defatted rice bran is rice bran that has had the majority of its fat or oil content removed. Defatted rice bran was primarily used only in animal feed in the past. But, in the present scenario owing to research and innovations there has been a mild incorporation of this food product in human diet in the form of cereals and snacks. In the near future, with rising popularity of vegetarian as well as vegan food and other health & wellness trends this market is expected to see a notable growth.

Key Market Insights:

Rice is an extremely important crop helping in the economy and trade of a majority of nations. Rice output reached a record 1308.37 lakh tonnes in 2022-23 which was 13.65 lakh tonnes greater than the previous year. This further rises the production of defatted rice bran.

In 2020, the market for rice bran derivatives was estimated to be around USD 5 billion.

The Sustainable Rice Platform encourages the cultivation of crops produced through sustainable means. In 2020, rice production produced through organic farming was more than 4 million metric tonnes.

Presently there here are more than 40,000 rice varieties being cultivated. Research is being carried out to evaluate the nutritional content of all these rice derivatives to widen the existing knowledge.

Industries like Food & Beverage, Personal Care & Cosmetics, Animal Feed can face issues regarding the quality, taste, and texture. Research activities are being carried out to tackle these issues and find suitable alternatives as well as improving the existing ones.

Defatted Rice Bran Market Drivers:

Associated health benefit is a major factor driving the market growth.

Defatted rice bran is rich in vitamins like vitamin B. They are rich in antioxidants, aid digestive health, have good source of proteins, fatty acids, fiber, starch, proteins, iron and polysaccharides. Few research articles indicate their role in lowering cholesterol thereby maintaining heart health. They are equipped with a lot of nutrients which provides an energy boost. Additionally, they help to control blood sugar, weight management and improve gut health. In animals, they help to enhance and accelerate of growth rate. Help in reducing cost of raising animal. All these benefits are favorable towards boosting the market expansion.

Rising popularity of veganism is helping in market enlargement.

Incorporation of plant-based diets in everyday life is veganism. According to a report by the UN in 2019 plant-based diets are known to prevent climate change. This motivated and encouraged a lot of environmentalists in implementing this diet as a part of their routine. Animal products are obtained in a harsh way causing a lot of pain to most of them. During the breakout of the corona virus, social media played an immense role in spreading information about the cruelty animal industry faced. A lot of users were shifting towards vegan based diets and supporting other individuals to do the same. Numerous nutritionists, researchers, and medical faculties have conducted sufficient research to determine if vegan diets had the required amount of balanced intake. A lot of alternatives with better taste and nutritional content helps in the flourishment of plant-based products. Furthermore, defatted rice bran promotes sustainability. During milling, rice bran is removed from the rice grain in order to make polished white rice. Instead of wasting the rice bran, it is further processed to make defatted rice bran. All these factors are extremely favorable for market development.

Defatted Rice Bran Market Restraints and Challenges:

Consumer acceptance, insufficient data, testing facilities, and associated costs are the major barriers which are currently being faced by this market.

Being a new product, acceptance by the consumers is one of the major challenges. Many of them fear about the threat and ill effects it can cause to the human body. There are not sufficient research papers providing much information about the new ingredient. Secondly, adhering to regulatory standards is a must which can be neglected by a lot of processing industries. Thirdly, there aren’t much testing facilities available for quality control of this product as of now. The purity and efficiency are often questioned. Furthermore, this food product can be subjected to a lot of price varying demotivating the consumers to buy the same.

Defatted Rice Bran Market Opportunities:

The demand for clean label food is predicted to provide the market with ample number of opportunities. There is no waste accumulated thereby encouraging an environment friendly step promising more possible prospects in the future. This is also beneficial to agriculture since it acts as a soil conditioner. It is free from all sorts of chemicals and pesticides. Cosmetics and personal care products contain defatted rice bran derivatives. They have many properties which benefit the skin. Scientists in various fields of pharma, agriculture, and food sector are continuously working on developing products which will help humanity by evaluating defatted rice bran and all the other rice derivatives. Furthermore, there have been a lot of innovations regarding the composition of these substances which is used in animal feed to provide numerous advantages.

DEFATTED RICE BRAN MARKET REPORT COVERAGE:

REPORT METRIC	DETAILS
Market Size Available	2023 - 2030
Base Year	2023
Forecast Period	2024 - 2030
CAGR	3%
Segments Covered	By Nature, Application,  and Region
Various Analyses Covered	Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
Regional Scope	North America, Europe, APAC, Latin America, Middle East & Africa
Key Companies Profiled	Riceland Foods, BCL Industries & Infrastructure Ltd., Vaighai Agro Products Ltd., Golden Ridge Rice Mills Sdn Bhd , Ugar Sugar Works Ltd., Surin Bran Oil Co., Ltd. Thai Edible Oil Co., Ltd., Savitri Rice Mill Kumar Metal Industries Pvt. Ltd., Adani Wilmar Limited

Defatted Rice Bran Market Segmentation: By Nature

• Organic

• Conventional

Based on nature, conventional is the largest and fastest growing segment in this defatted rice bran market owing to larger rice production, cost effectiveness, popularity, familiarness, wider availability, and easy accessibility. They hold a share exceeding 85% of the total market share. However, organic segment is expected to see a stable growth due to increasing organic farming practices and growing consumer awareness.

Defatted Rice Bran Market Segmentation: By Application

• Food & Beverage

• Animal Feed

• Cosmetics & Personal Care

• Biofuel

• Pharmaceuticals & Nutraceuticals

• Others

Based on application, food & beverage segment is the largest growing in this market. Defatted rice bran has a lot of protein intake making them popular in snacks, bars and cereals which require high amount of protein. Additional nutritional values like removed fat, calories, carbohydrate, phospholipids, and various minerals make them a suitable choice to be used in various formulations possibly as a pre work out beverage. Growing health consciousness is helping in further progress. Moreover, are a sustainable and environment-friendly option rising their usage. Food & beverage application roughly holds a share ranging from 40-50% of the total market share. Animal feed is the fastest growing application holding a share tanging between 30-40%. Defatted rice bran helps to increase and accelerate the animal's growth rate. Secondly, they assist in lowering the expense of animal care. Furthermore, it helps to improve animal feed texture and fiber content.

Defatted Rice Bran Market Segmentation: Regional Analysis

• North America

• Asia-Pacific

• Europe

• South America

• Middle East and Africa

Based on region, Asia Pacific is the largest and fastest growing region holding a share of around 60%. India, China, Indonesia, Japan is amongst the top leading regions. These countries are some of the largest exporters of rice. Rice is a popular food consumed as a diet in most of the Asia Pacific countries. High cultivation, technologies, urbanization, economy, industrialization, demand, health awareness, wellness trends, veganism, diverse applications, ongoing research activities are some of the main reasons for the popularity.

COVID-19 Impact Analysis on the Global Defatted Rice Bran Market:

The pandemic had a mixed impact on the market. The new norm was social isolation, movement limitations, and confinement. Supply chain disruptions occurred, affecting import-export commerce. According to reports, 85% of the company's supply chain was disrupted in general. As a result, the economy slowed.  Furthermore, the market faced production challenges. The closure of local retailers and manufacturing firms hampered expansion. This resulted in significant losses for processing mils and manufacturing units. But on the other hand, people realized the importance of health and started leaning towards consumption of health food. Vegan based diets became quite popular. Post pandemic, with upliftment of lockdowns and relaxation of rules & regulations, the industry started to pick showing a good progress.

Latest Trends/ Developments:

The companies in this market are motivated to achieve a higher market share by implementing different strategies, such as acquisitions, partnerships, and investments. Companies are also spending heftily to improve existing technology alongside maintaining competitive pricing. This has further resulted in increased government engagement and further enlargement.

Due to increased demand, several businesses, including food & beverage and agriculture, have begun to use innovative procedures and tactics to get clean-labelled products. The market has become more competitive as a result of the necessity to adhere to regulatory standards and maintain quality control. Furthermore, emphasis is being placed on R&D efforts in order to broaden human understanding.

Key Players:

1. Riceland Foods

2. BCL Industries & Infrastructure Ltd.

3. Vaighai Agro Products Ltd.

4. Golden Ridge Rice Mills Sdn Bhd

5. Ugar Sugar Works Ltd.

6. Surin Bran Oil Co., Ltd.

7. Thai Edible Oil Co., Ltd.

8. Savitri Rice Mill

9. Kumar Metal Industries Pvt. Ltd.

10. Adani Wilmar Limited

In May 2023, BASF, Kubota and ZEN-NOH announced their upcoming collaboration to help improve and optimize rice production in Japan.

In February 2020, reports suggested that Ebro Foods, a leading global food company, completed its acquisition of Riviana Foods, a major rice and pasta company based in the United States. This acquisition expanded Ebro Foods' presence in the North American rice market.

Global automotive lighting refers to all vehicle lighting systems, from headlamps that illuminate the road to taillights that communicate movements. They guarantee motorists and other road users alike safety, visibility, and style. While taillights frequently use LEDs for improved visibility, headlights are available in a variety of technologies, including LED and laser. Interior illumination, DRLs, and signal lights all have a role to play. This market, which was estimated to be worth $33.64 billion in 2022, is anticipated to rise to $67.39 billion by 2030 because of laws, luxury tastes, safety concerns, and technological developments like OLED taillights and adaptive headlights. Anticipate a future dominated by intelligent, connected, personalized, and sustainable lighting systems that enhance the safety, efficiency, and aesthetic appeal of automobiles.

Key Market Insights:

Car lighting works its magic to provide safety, visibility, and style. Headlights cut through the night, taillights express intent, and interiors shine with comfort. The billion-dollar global business is expected to rise due to consumer demand for high-end experiences, safer roads, and cutting-edge technology. Imagine dynamic messages being painted by taillights, headlights that adjust to the road, and interiors that customize their atmosphere. Driven by technological advancements like linked systems and laser beams, this future is calling. Anticipate even more visually attractive, environmentally friendly, and intelligent lighting to illuminate the way ahead, making cars safer, more efficient, and unquestionably cooler.

Global Automotive Lighting Market Drivers:

Using cutting-edge technology to illuminate the road, safety serves as a guiding light.

In the market for automobile lighting, safety is the driving force behind demand from the public and laws. While automated high beams smoothly react to traffic, adaptive headlights modify their beams so as not to blind other people. With visually striking displays, dynamic taillights convey intentions for braking and turning. Beyond these developments, integrated pedestrian identification and lane departure alerts will soon make roads safer and brighter for everyone.

Beyond Performance-Based Luxuries Redefined by Light.

Luxurious automobile lighting creates a distinct visual identity that goes beyond simple illumination. Personalized interior lighting customizes the driving experience by setting the mood with a range of colours and intensities, while intricate designs and distinctive DRLs modify exteriors. As you approach your automobile at night, welcoming lights lead the way, resulting in an interior that is perfectly lit. Not only is this symphony of light aesthetically pleasing, but it also stands as a tribute to luxury. Upcoming developments like gesture-controlled lighting and holographic displays promise to further enhance the experience.

Fuel Efficiency Takes the Lead: Illuminating Sustainability

The worldwide automotive lighting market is undergoing a significant transition towards energy-efficient solutions, as environmental concerns gain prominence. LED technology is leading the way, providing a ray of hope for the environment and drivers alike. LED lights beam brighter and use a lot less energy than conventional halogen lamps. There are some tangible advantages to this. For drivers, this translates to increased fuel economy, which lowers petrol prices and lessens reliance on fossil fuels. Greater air quality and a reduction in the transport sector's contribution to climate change are the results of reduced overall emissions.

Global Automotive Lighting Market Restraints and Challenges:

Although the global automotive lighting business is booming, there are still unknowns. Difficulties impede growth even as innovation propels it with eye catching features like laser beams and adaptable headlights. These technologies are luxury items due to their high cost and difficult integration, which puts producers' abilities to the test. The worldwide patchwork created by unclear legislation limits the potential of innovation. Durability issues persist, particularly when complex systems are subjected to challenging conditions. Ultimately, a lot of drivers still don't fully understand how these improvements can help them. Together, we can overcome these obstacles. The keys to reducing costs are improved production, more seamless integration, and unified regulations. Their full potential can be realized by educating customers about the safety, efficiency, and aesthetic value of these lighting wonders. By working together, we can pave the way for an even brighter and safer future for vehicle lighting.

Global Automotive Lighting Market Opportunities:

It is made possible by advanced LED technology, which gives drivers the ability to customize their illumination for the highest level of comfort and flair. Consumers that care about the environment want greener products, and vehicle lighting complies. While solar- and self-powered lighting technologies offer a future powered by clean energy, energy-efficient LEDs lower pollution. The advent of connected lighting systems heralds a new age. Envision automobiles interacting with infrastructure and one another to minimize accidents and enhance traffic efficiency. Integrated headlights with pedestrian recognition provide unmatched safety, while dramatic taillights with eye-catching displays alert onlookers to your intentions. The possibilities are endless in the future. Gesture-controlled interior illumination, holographic displays projected onto the road, and even light fixtures with self-healing capabilities.

AUTOMOTIVE LIGHTING MARKET REPORT COVERAGE:

Global Automotive Lighting Market Segmentation: By Application

• Exterior Lighting
• Interior Lighting

Due to laws requiring safety features like headlights, taillights, and brake lights, exterior lighting presently holds the most market share in the vehicle lighting industry. The dominance of this market is partly attributed to advancements in safety-focused technologies such as adaptive headlights and daytime running lights. The market value of external lighting is increased by the quick adoption of technology like LED bulbs and laser lights, which improve performance and aesthetics. Conversely, the interior lighting market is expected to increase at the fastest rate in the upcoming years. Innovations like ambient lighting and technology breakthroughs like LED and OLED displays, driven by consumer demand for comfort and personalisation, open new possibilities. The spread of sophisticated interior lighting systems is further driven by the growing emphasis on safety and the expansion of the luxury car market.

Global Automotive Lighting Market Segmentation: By Technology

• Halogen
• LED (Light-Emitting Diode)
• Xenon
• Emerging Technologies

The worldwide vehicle lighting market is currently dominated by halogen because of its more affordable price, advanced technology, and useful illumination. With its dependable supply chain and affordable option for manufacturers and cost-conscious customers, halogen holds the biggest market share. The fastest-growing market right now is LEDs, which are predicted to shortly overtake halogen. The rapid expansion of LEDs is driven by their higher efficiency, longer lifespan, flexibility in design, and technological breakthroughs including enhanced brightness. Because LEDs use less energy and produce fewer emissions and better fuel economy, they are becoming more and more popular in the changing automotive lighting market.

Global Automotive Lighting Market Segmentation: By Vehicle Type

• Passenger Cars
• Commercial Vehicles

Passenger automobiles rule the worldwide automotive lighting market. The sheer number of passenger cars produced which surpasses that of business vehicles and fuels the need for lighting systems is the primary cause of this popularity. The growing demand for personal automobiles in developing nations is a result of rising disposable income, which in turn drives the rise of the passenger car market. The importance that consumers place on safety and aesthetics elements helps to drive market expansion. But in the upcoming years, the market for electric and hybrid cars is expected to develop at the quickest rate. The exponential rise of the worldwide electric car market, which is still expanding and shows no signs of slowing down, is what is driving this surge. Specialised lighting solutions are required since electric and hybrid vehicles have different lighting requirements because of their specific functionality and design aesthetics.

Global Automotive Lighting Market Segmentation: By Sales Channel

• OEM (Original Equipment Manufacturers)
• Aftermarket

Most lighting systems sold nowadays are sold by OEMs (Original Equipment Manufacturers), primarily because manufacturers pre-install lighting systems in new cars. But in the next years, the aftermarket is expected to develop at the quickest rate. This spike in demand for replacement parts, especially lighting systems, can be linked to several variables, one of them being the average age of cars. The industry is expanding because of consumers' growing desire to personalise their cars with aftermarket lighting upgrades such LED upgrades and decorative lighting. The availability and affordability of technologies like adaptive headlights and laser lights in the aftermarket, together with other advancements in lighting technology, are driving demand even more. Moreover, the growing market for electric cars (EVs).

Global Automotive Lighting Market Segmentation: By Region

• North America
• Asia-Pacific
• Europe
• South America
• Middle East and Africa

Throughout the forecast period, Asia Pacific is anticipated to be the automotive lighting market with the highest profitability. Over the past few years, Asia Pacific countries like China and India have seen notable increases in automotive manufacturing and sales, primarily in the medium-to premium luxury car segment. Asia Pacific is predicted to see an increase in the manufacturing of passenger cars, with India experiencing the strongest growth rate. Depending on the state of the national economy, the area offers a suitable selection of both high-end and cheap cars. For instance, there is a substantial demand for halogen, Xenon/HID, and LED since China and India produce more economy and mid-range automobiles. On the other hand, luxury car adoption rates are greater in South Korea and Japan, where LED lighting is the norm.

COVID-19 Impact Analysis on the Global Automotive Lighting Market:

A brief shadow was thrown by COVID-19 over the worldwide automotive lighting market. Production was stopped by lockdowns and supply chain disruptions, while luxury lighting upgrades were shelved by consumers on a tight budget. Resources became scarce, and R&D stagnated. Still, the market is recovering thanks to resurgent demand and rearranged priorities. While energy-efficient LEDs are being pushed towards adoption by sustainability, safety concerns are driving interest in features like pedestrian detection and adaptive headlights. The digital push of the epidemic creates opportunities for intelligent, networked lighting systems that may interact with infrastructure and other cars. Ultimately, the industry is positioned to shine brighter, focused on safety, sustainability, and a connected future, even though the pandemic dimmed its brilliance.

Recent Trends and Developments in the Global Automotive Lighting Market:

A development collaboration between OSRAM Continental and REHAU aims to incorporate lighting into external components, providing automobile manufacturers with innovative lighting options that improve functionality and design flexibility. For rear combination lamps, Hella unveiled a revolutionary lighting innovation called Hella FlatLight technology. A Memorandum of Understanding (MoU) was signed by Samvardhana Motherson Automotive Systems Group BV (SMRPBV), a division of Motherson Group, and Marelli Automotive Lighting to investigate a technology collaboration focused on intelligently lighted external body components. Valeo debuted their revolutionary 360° lighting system at the Shanghai Auto Show. This technology surrounds the car with a band of light, projecting instantaneous, clear signs that other drivers can see from a distance. Pedestrians, cyclists, and scooter riders are especially susceptible to these signals

Key Players:

1. AMS Osram
2. Cree
3. Hella
4. Hyundai Mobis
5. Koito
6. Luminus Devices
7. Magneti Marelli
8. Osram Licht AG
9. Stanley Electric
10. Valeo