Rice Bran Oil

Rice Bran Oil

Global Rice Bran Oil Market to Reach 2.1 Million Tons by 2030

The global market for Rice Bran Oil estimated at 1.8 Million Tons in the year 2023, is expected to reach 2.1 Million Tons by 2030, growing at a CAGR of 2.4% over the analysis period 2023-2030. Non-Organic Rice Bran Oil, one of the segments analyzed in the report, is expected to record a 2.1% CAGR and reach 1.8 Million Tons by the end of the analysis period. Growth in the Organic Rice Bran Oil segment is estimated at 3.9% CAGR over the analysis period.

The U.S. Market is Estimated at 479.6 Thousand Tons While China is Forecast to Grow at 3.7% CAGR

The Rice Bran Oil market in the U.S. is estimated at 479.6 Thousand Tons in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of 392.2 Thousand Tons by the year 2030 trailing a CAGR of 3.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.7% and 2.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.

Global Rice Bran Oil Market - Key Trends and Drivers Summarized

Unraveling the Market Dynamics of Rice Bran Oil: Health Benefits and Growth Drivers

Rice Bran Oil is extracted from the outer layer of rice grains, known as the bran, and is recognized for its high nutritional value and health benefits. Rich in antioxidants, vitamin E, and healthy fats, rice bran oil is increasingly being used in cooking, cosmetics, and pharmaceuticals. The oil`s unique composition, which includes a balance of saturated, monounsaturated, and polyunsaturated fats, makes it a heart-friendly option and a preferred choice for health-conscious consumers. Its high smoke point also makes it ideal for high-temperature cooking methods, such as frying, without the risk of forming harmful compounds. As consumer awareness of health and wellness continues to rise, the demand for rice bran oil is witnessing significant growth across various regions.

How Are Technological Advancements Influencing the Rice Bran Oil Market?
Technological advancements in extraction and refining processes are playing a crucial role in enhancing the quality and yield of rice bran oil. The development of advanced extraction techniques, such as cold pressing and solvent extraction, is enabling the production of rice bran oil with higher purity and better retention of natural nutrients. Moreover, innovations in refining technologies, such as enzymatic degumming and molecular distillation, are helping to reduce impurities and improve the oil`s stability and shelf life. The integration of digital tools and automation in the production process is further enhancing efficiency and reducing production costs, making rice bran oil more accessible to a broader consumer base.

What Are the Challenges and Opportunities in the Rice Bran Oil Market?
The rice bran oil market faces several challenges, including the limited availability of high-quality raw materials, high production costs, and competition from other edible oils, such as olive and canola oil. The extraction of rice bran oil is a complex process that requires significant investment in specialized equipment and technology, which can be a barrier for small and medium-sized producers. However, the market is also filled with opportunities, particularly with the rising demand for healthy cooking oils and the increasing use of rice bran oil in the cosmetics and pharmaceutical industries. The growing trend of clean-label products and natural ingredients is further driving the demand for rice bran oil. Additionally, the expansion of distribution channels, including e-commerce and health food stores, is creating new growth avenues for market players.

What Factors Are Driving the Growth of the Rice Bran Oil Market?
The growth in the Rice Bran Oil market is driven by several factors, including the rising consumer awareness of the health benefits associated with the oil`s balanced fatty acid composition and antioxidant properties. Technological advancements in extraction and refining processes are enhancing product quality and expanding market accessibility. The growing demand for healthy and natural cooking oils, driven by lifestyle changes and increasing health consciousness, is further boosting market growth. Additionally, the expanding application of rice bran oil in non-food sectors, such as cosmetics and pharmaceuticals, is contributing to market expansion. The rise of online retail channels and the increasing penetration of rice bran oil in emerging markets are also key drivers of growth in this sector.

 

Select Competitors (Total 66 Featured) -

• A.P. Refinery Pvt. Ltd.
• Emami Agrotech Limited
• Gemini Edibles & Fats India Private Limited (GEF India)
• Gustav Heess Oleochemische Erzeugnisse GmbH
• Kaleesuwari Refinery Private Limited
• Kasisuri Group of Companies
• KRBL Limited
• Monini SpA
• Mother Dairy Fruit & Vegetable Pvt., Ltd.
• PIA Ingredients, Corp.

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