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Rice Bran Wax Market

Market Insights on Rice Bran Wax covering sales outlook, demand forecast & up-to-date key trends

Rice Bran Wax Market by Ingredient Type, Application, Distribution Channel & Region – Forecast 2023–2033

Rice Bran Wax Market outlook

According to research by Future Market Insights, The Rice bran wax market is anticipated to expand at a CAGR of 6.2% during the forecasted period. According to Forecasts, the market would be worth US$ 1,686.4 Mn by 2033, up from US$ 924.1 Mn in 2023.

Market size value in 2023

US$ 924.1 Mn

Market forecast value in 2033

US$ 1,686.4 Mn

Forecast period

2023-2033

Global growth rate (CAGR)

6.2%

Share of U.K. in Rice bran wax Market

4.80%

Rice Bran Wax is derived from rice bran oil primarily through two processes deoiling of crudewax oil and hydrogenation of crude wax oil. The rice bran wax has a high melting point and is naturally hard. The main components of rice bran wax are esters of higher fatty acids and higher alcohols, as well as a small amount of free fatty acid with some hydrocarbons.

Rice bran wax is used in a variety of products to improve hardness, texture, and strength. It has excellent oil gelling properties in low concentrations and is used as a binding agent, thickening agent, and so on. Rice bran wax is used in cosmetic preparations due to its emollient properties. This variety of applications for rice bran wax is expected to drive market growth during the forecast period.

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Historical outlook Vs future forecasts for Rice bran wax market

The market for Rice bran wax was growing at CAGR of 3.0% from 2018-2022. Rice bran wax market was valued at US$ 797.2 Mn 2018 and it letter reached US$ 897.2 Mn in 2022.

The increased use of cosmetics due to changes in lifestyle is expected to drive demand for rice bran wax in the near future. Rice bran wax is used in a variety of cosmetic applications. Because of its plant-based nature, it is commonly used in a variety of cosmetic products.

Rice bran is used as a renewable substitute for a variety of petroleum-based products. Rice bran wax is used in confectionaries, fruit and vegetable preservation, and other applications.

Surface coatings, lubricants, and hotmelts can all benefit from rice bran wax. The market is expected to be driven by government support and favorable environmental factors for renewable products.

The Rice bran wax market is anticipated to expand at a CAGR of 6.2% during the forecasted period.

Country wise insights

How North America Holds the Largest Market Share in Rice bran wax market?

Rice bran wax is a unique and versatile ingredient used in a variety of industries, including cosmetics, food processing, and pharmaceuticals. It's no surprise then, that the market for rice bran wax has grown significantly in recent years. One of the key regions driving this growth is North America, which holds the largest share of the global market for rice bran wax.

This can be attributed to several factors. Firstly, there are many established manufacturers in North America that have been producing high-quality rice bran wax for many years. This has allowed them to build a strong customer base across different industries and strengthen their position in the market. Secondly, there is an increasing demand from consumers who are looking for natural ingredients with fewer synthetic additives as part of their lifestyle choices.

What makes Europe an Attractive Market for Rice bran wax?

Rice bran wax is a highly sought-after ingredient for producing cosmetics and food products, among other items. Its popularity has made it an attractive market for producers looking to expand their business. Europe is one of the most lucrative regions for rice bran wax production and here’s what makes it such an attractive option:

Much of the European population consists of health-conscious consumers who are willing to pay extra for natural products like rice bran wax. It’s also easier to access raw materials in Europe as compared to other parts of the world; this helps keep costs down and make it more cost-effective overall. Additionally, many countries in Europe have well established regulations on agricultural products that ensure its quality control standards remain high. This ensures that any product produced with rice bran wax meets international safety requirements and can be easily exported elsewhere in the world.

Why is Asia Pacific Emerging as an Opportunistic Rice bran wax Market?

The Asia Pacific region is emerging as an opportunistic market for rice bran wax. This type of wax is gaining popularity due to its ability to offer a wide array of benefits, including improving the stability and shelf life of cosmetic products, providing anti-aging effects, and acting as a natural sunscreen. Rice bran wax also offers antioxidant properties which can help protect against environmental pollutants.

Rice bran wax has numerous applications in industries such as cosmetics, pharmaceuticals, food production and personal care products. Its use in the cosmetics industry is particularly noteworthy; it can be used to make lipsticks, creams and various other beauty products that are beneficial for both men and women. It can also serve as a key ingredient in health supplements due to its nutritional content.

Nandini Roy Choudhury
Nandini Roy Choudhury
Principal Consultant
LinkedIn
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Category wise insights

How is the Food and beverage Industry Supporting Growth of Rice bran wax Market?

The food and beverage industry is increasingly turning toward sustainable sources for their production, and rice bran wax has become a viable alternative to traditional oils. Rice bran wax, derived from the outer layer of rice grain husks, offers a natural, biodegradable product that can replace petroleum-based compounds in food production. This shift towards eco-friendly ingredients presents an opportunity for the growth of the rice bran wax market.

Rice bran wax is used as an emulsifier and coating agent in the food industry to maintain consistency while providing desirable textures and flavours. The unique properties of this wax make it ideal for use in chocolate manufacturing, butter products and baked goods; it also provides a glossy finish on candies and fruit coatings.

By Application, which Category will experience Maximum Rice bran wax growth?

The cosmetics application segment dominated the global market in 2019. The segment is benefiting from an increase in demand for rice bran wax in a variety of products such as conditioners, lotions, lip balm, and lipsticks. When used in hair conditioners, rice bran wax has good antioxidant properties and provides smoothing and softening.

The expansion of the global pharmaceutical sector is expected to drive demand for rice bran wax in pharmaceuticals. Due to its relatively high melting point, food grade rice bran wax can be used in place of carnauba wax in most applications.

It is used as a food additive in the production of candy, confectionery, and chewing gum. It is also used to preserve fruits and vegetables.

Competitive landscape

Government support for the use of plant-based rice bran wax in various products such as cosmetics and personal care products is expected to open up new market opportunities for new players.

These are some of the major companies in the market for Rice bran wax market

  • Nexira SAS
  • Koster Keunen
  • Starlight Products
  • Poth Hille
  • Paras Group
  • Croda International Plc.
  • H Foster & Co Ltd.
  • Frank B. Ross
  • Modi Naturals
  • Likang Weiye
  • Huzhou Shuanglin Shengtao Vegetable Fat Factory
  • Strahl & Pitsch
  • A.F. SUTER & CO. Ltd.
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Global rice bran wax market report scope

Attribute

Details

Forecast period

2023-2033

Historical data available for

2018 to 2022

Market analysis

USD million in value

Key regions covered

  • North America
  • Eastern Europe
  • Western Europe
  • Japan
  • South America
  • Asian pacific
  • Middle east and Africa

Key countries covered

  • USA
  • Germany
  • France
  • Italy
  • Canada
  • U.K.
  • Spain
  • China
  • India
  • Australia

Key segments covered

  • Ingredient type
  • Application
  • Distribution channel
  • Region

Key companies profiled

  • Nexira SAS
  • Koster Keunen
  • Starlight Products
  • Poth Hille
  • Paras Group
  • Croda International Plc.
  • H Foster & Co Ltd. 
  • Frank B. Ross
  • Modi Naturals
  • Likang Weiye
  • Huzhou Shuanglin Shengtao Vegetable Fat Factory
  • Strahl & Pitsch
  • A.F. SUTER & CO. Ltd.

Report coverage

  • Market Forecast
  • Company Share Analysis
  • DROT Analysis
  • Market Dynamics
  • Competitive Landscape
  • Challenges
  • Strategic Growth Initiatives

Customization and Pricing

  • Available upon request

Rice bran wax market segmentation by category

Ingredient type

  • Food grade
  • Industrial grade

By Application

  • Food
  • Medicine
  • Chemicals
  • Cosmetics

By Distribution Channel

  • Online
  • Offline

By Region

  • north America
  • Latin America
  • Asia pacific
  • eastern Europe
  • western Europe
  • Japan

Frequently Asked Questions

The Rice bran wax market size is assessed to US$ 924.1 Mn in 2023.

The Rice bran wax market is expected to rise at a CAGR of 6.2%.

US, China, Canada, Germany, China, India, U.K., Australia are the major countries driving demand for Rice bran wax market.

Market share of Germany in Rice bran wax market is about 22.20% of the global market.

Nexira SAS, Koster Keunen, Starlight Products, Poth Hille, Paras Group, Croda International Plc., H Foster & Co Ltd., Frank B. Ross are expected to be the top players driving the market growth.

The global Rice bran wax market is forecasted to surpass US$ 1,686.4 Mn by the end of 2033.

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Nandini Roy Choudhury
Principal Consultant
LinkedIn
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