Global Rice Bran Wax Market Size To Exceed USD 1500.7 Million By 2033 | CAGR of 6.16%
Category: Consumer GoodsGlobal Rice Bran Wax Market Size To Exceed USD 1500.7 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global Rice Bran Wax Market Size is Expected to Grow from 825.3 Million in 2023 to USD 1500.7 Million by 2033, at a CAGR of 6.16% during the forecast period 2023-2033.
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Browse key industry insights spread across 214 pages with 110 Market data tables and figures & charts from the report on the "Global Rice Bran Wax Market Size, Share, and COVID-19 Impact Analysis, By Type (Adjustable Pressure Regulators and Fixed Pressure Regulators), By Application (Agriculture, Residential, Commercial, and Industrial Sectors), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/rice-bran-wax-market
The market for rice bran wax includes the production, distribution, and application of this natural wax, which is derived from the outer layer of rice grains. Known for its high melting point, exceptional emollience, and glossy finish, rice bran wax is used in a variety of industries, such as personal care, cosmetics, food, and medicine. When rice is pulverized, rice bran oil is created, which is the natural source of rice bran wax. It is a complex blend of esters, fatty alcohols, and hydrocarbons with special qualities and a wide range of uses. Furthermore, one of the primary drivers of the rice bran wax market's growth is the rising demand from the cosmetics and personal care industry. The market for rice bran wax is expected to expand in the near future as a result of the rising demand for natural and organic ingredients in a variety of sectors, such as medicines, cosmetics, and food and beverage. Rice bran wax is a renewable and natural resource. It is the suggested substitute for synthetic wax. The greater awareness of the benefits of rice bran wax is anticipated to be very beneficial to players in the global rice bran wax market. Rice bran wax is gaining popularity in a number of applications due to its unique properties, which include its high melting point, water resistance, and durability against oxidation. The increasing use of rice bran wax in the food and beverage industry is another factor propelling market expansion. However, one of the primary deterrents is competition from alternative waxes, both natural and synthetic, which can offer similar properties at a lesser cost.
The food grade segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on type, the global rice bran wax market is categorized as food grade, industrial grade, and cosmetic grade. Among these, the food grade segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. This sector is a widely favored component for food processing and packaging due to its non-toxic and biodegradable qualities. As people look for safer and more natural options in their diets, food-grade rice bran wax has grown even more in popularity, contributing to the shift toward clean-label and organic food products.
The food and beverage segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the global rice bran wax market is categorized into food and beverage, pharmaceuticals, cosmetics and personal care, industrial processes, and others. Among these, the food and beverage segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. In the food and beverage industry, its use as a natural coating agent and additive is particularly apparent. Rice bran wax enhances the texture and stability of food products while also providing a protective layer that preserves freshness.
Asia Pacific is projected to hold the largest share of the global rice bran wax market over the forecast period.
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Asia Pacific is projected to hold the largest share of the global rice bran wax market over the forecast period. The region's dominance can be attributed to the abundant production of rice and rice byproducts, particularly in countries such as China, Japan, and India. A growing industrial base, growing consumer awareness of natural products, and the availability of raw materials are the main drivers of the demand for rice bran wax in this region. It is anticipated that a favorable regulatory environment and the increasing adoption of eco-friendly products across various industries will propel the growth trajectory of the Asia Pacific market.
North America is expected to grow at the fastest CAGR growth of the global rice bran wax market during the forecast period. The region is propelled by the increasing demand for sustainable and natural ingredients in the food, cosmetics, and pharmaceutical sectors. Because of the region's strong industrial foundation and stringent regulations against artificial additives, rice bran wax has become a popular safe and effective alternative. The market expansion in North America is being driven by consumers' increasing demand for clean-label products and their increasing awareness of the benefits of natural ingredients.
Major vendors in the global rice bran wax market are Koster Keunen Inc., Strahl & Pitsch Inc., Poth Hille & Co Ltd., Paramount Chemicals & Plastics Inc., Huzhou Shuanglin Shengtao Vegetable Fat Factory, and Frank B. Ross Co. Inc., Kerax Limited, Huzhou Shuanglin Shengtao Wax Co., Ltd., Nippon Seiro Co., Ltd., Deurex AG, Brenntag AG, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global rice bran wax market based on the below-mentioned segments:
Global Rice Bran Wax Market, By Type
- Food Grade
- Industrial Grade
- Cosmetic Grade
Global Rice Bran Wax Market, By Application
- Food and Beverage
- Pharmaceuticals
- Cosmetics and Personal Care
- Industrial Processes
- Others
Global Rice Bran Wax Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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