According to the research of Future Market Insights, over the projected period, the Rice Bran Wax Market is expected to expand at a CAGR of 6.2%. The industry’s estimated value will increase from US$ 924.1 Million in 2023 to US$ 1,686.4 Million in 2033.
Rice Bran Wax is made from rice bran oil primarily by two processes: hydrogenation and deoiling of the crude wax oil. The rice bran wax is extremely hard and has a high melting point. Esters of higher fatty acids, higher alcohols, a tiny quantity of free fatty acids, and certain hydrocarbons are the main components of rice bran wax.
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Many different products employ rice bran wax because it improves the hardness, texture, and strength of the finished goods. It functions well as an oil gelling agent in low concentrations and is used as a binder, thickener, etc. Because of its emollient qualities, rice bran wax is utilised in cosmetic formulations. There are several applications for rice bran wax.
Rice Bran Wax Market Key Players:
Some of the key manufacturers providing rice bran wax include;
- Poth Hille & Co Ltd.,
- A.F. SUTER & CO. Ltd.,
- Paras Group (Paras Vanaspati Pvt.Ltd.),
- Croda International Plc.,
- H Foster & Co Ltd.,
- Strahl & Pitsch, Inc.,
- Nexira SAS (Starlight Products SA).
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Historical Actual Market Size, 2012 – 2016
- Market Size & Forecast 2017 to 2027
- Supply & Demand Value Chain
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
- Aircraft Refurbishing Market Drivers and Restraints
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Rice Bran Wax Market Regional Outlook:
Rice bran wax has been used to make candles in the Traditional Japanese culture, the candles are mostly handmade and used as a decorative. The raw material required for the manufacturing of this wax is rice bran which is abundantly grown in the Asia Pacific region, India being the second largest producer of rice after China, but the use of rice for oil and further wax extraction is far much more in China. Furthermore the industrial application of rice bran wax is further expected to see an upsurge in demand in certain rising economies such as Tanzania, Maldives, Myanmar, Cambodia, Bangladesh etc. backed up by high industrialization schemes in the respective countries.
Rice Bran Wax Market Drivers and Trends
Substantial application in cosmetic products, rice bran wax is used in several cosmetic products, and due to its plant based nature has gained significant attraction. Products such as natural berry lip mask by Primera, mascara by eye of the hour, parlor conditioner by Jeff Chastain uses rice bran wax to increase body, suppleness, and sheen of the product.
Rice bran provides a renewable alternative to certain products of petroleum origin. Rice bran, which is derived from rice is cultivated on a large scale all over the globe, by the use of this natural renewable source a wide range of products can be derived. The wax derived from rice bran is already being used in cosmetics, confectionaries, fruits and vegetables preservation etc. There is further a scope to meet the increasing demand of products used for surface coatings, lubricants etc., by the use of renewable sources. The concerns on finding renewable products is on the factor expected to drive the market growth.
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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
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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