Rice Bran Oil Market Soars to USD Billion , witnessing a CAGR of 9.23 during the forecast period 2024-2032

Key Insights

The Rice Bran Oil Market size was valued at USD 6.16 USD Billion in 2023 and is projected to reach USD 11.43 USD Billion by 2032, exhibiting a CAGR of 9.23 % during the forecast period Rice Bran Oil is extracted using cold pressing technique from the hard outer layer of rice grain called husk or the chaff Rice bran oil is a good source of vitamin E compounds or tocopherols It is the also rich in vitamin k is needed for adequate blood clotting and bone health Theses make it a healthy cooking oil for diabetics oil is used for pulling ,swishing the oil in the mouth with help of halitosis or bad breath and reduces the incidences of plaque and gum infections in mouths. Rice bran oil may  be used in sports supplements for muscle development and bodybuilding. The blend of sesame oil and rice bran oil reduce high blood pressure by lowering triglycerides, fats, lipids and bad cholesterol levels. Rice bran oil is extracted from the outer bran or husk of rice grains. Because of its high smoke point, it is useful for high heat cooking and is often used in various cuisines of South and East Asian countries.it is used benefits like high cholesterol, diabetes ,high blood pressure, athletic performance ,and other purpose Rice bran oil contain substance decrease cholesterol the body absorb. Rice bran is decreases. calcium absorption..

Rice Bran Oil Trends

• Increasing awareness of the health benefits of rice bran oil, such as its high content of antioxidants, vitamins, and minerals.
• Growing demand for plant-based oils in food applications due to concerns about animal-derived fats.
• Rising popularity of rice bran oil in skincare and cosmetic products due to its nourishing and moisturizing properties.

Driving Forces: What's Propelling the Rice Bran Oil Market

• Health and Wellness Trends: Consumers increasingly prioritize healthy and natural food choices, driving the demand for rice bran oil, known for its rich nutritional profile and heart-healthy properties.
• Sustainability Concerns: The sustainable nature of rice bran oil is a major factor fueling its growth. As a byproduct of rice milling, it reduces waste and aligns with growing environmental consciousness.
• Rising Disposable Incomes: Increased purchasing power in developing countries has created a surge in demand for premium cooking oils, such as rice bran oil, which offers both health and flavor benefits.
• Growing Awareness: Educational campaigns and media coverage have raised awareness about the health benefits of rice bran oil, further propelling its adoption.
• Government Support: In some regions, governments are supporting the production and consumption of rice bran oil through subsidies and incentives, contributing to its market expansion.

Challenges and Restraints in Rice Bran Oil Market

• Availability of substitutes: Other plant-based oils, such as soybean oil and sunflower oil, pose competition to rice bran oil.
• Limited supply: Supply chain disruptions and fluctuations in rice production can affect the availability of rice bran oil.
• Flavor and aroma: Some consumers may prefer the taste and smell of traditional cooking oils.

Emerging Trends in Rice Bran Oil

• Innovations in extraction and refining processes for improved quality and yield.
• Development of flavored and fortified rice bran oils to meet evolving consumer preferences.
• Growing applications in the pharmaceutical and nutraceuticals industries.

Growth Catalysts in Rice Bran Oil Industry

• Partnerships between rice bran oil producers and food manufacturers to expand distribution channels.
• Government initiatives to promote healthy oil consumption and reduce dependency on imported oils.
• Technological advancements in oil extraction and refining to enhance efficiency and quality.

Market Segmentation: Rice Bran Oil Analysis

Type:

• Refined
• Unrefined

Leading Players in the Rice Bran Oil Market

• Adani Wilmar (Gujarat, India)
• Modi Naturals (New Delhi, India)
• Marico (Maharashtra, India)
• Conagra Foods (Chicago, U.S.)
• BCL Industries Limited (Punjab, India)
• King Rice Oil Group (Bangkok, Thailand)
• California Rice Oil Company (California, U.S.)
• Ricela Health Foods Ltd. (Punjab, India)
• 3F Industries Ltd (Mumbai, India)
• Sethia Oils Ltd. (West Bengal, India)

Significant developments in Rice Bran Oil Sector

• Collaboration between Marico and the Indian Institute of Rice Research to develop new rice bran oil varieties.
• Adani Wilmar's acquisition of Kohinoor Foods to strengthen its distribution network in India.
• King Rice Oil Group's investment in a new rice bran oil extraction facility in Thailand.

Comprehensive Coverage Rice Bran Oil Market Report

This comprehensive report offers a detailed analysis of the rice bran oil market:

• Market Overview: A thorough examination of market size, growth rate, and industry trends.
• Market Segmentation: A granular analysis of market segmentation based on type, application, and region.
• Competitive Landscape: Detailed profiles of leading players in the rice bran oil industry, including their strategies, market share, and product offerings.
• SWOT Analysis: A comprehensive assessment of the strengths, weaknesses, opportunities, and threats facing the rice bran oil industry.
• Future Outlook: An insightful forecast of future market growth, emerging trends, and potential opportunities.

Regional Insight

The Asia-Pacific region is the largest market for rice bran oil, accounting for over 60% of global consumption. India is the leading producer and consumer of rice bran oil in the region. Europe and North America are also significant markets for rice bran oil, driven by health-conscious consumers and growing demand for plant-based oils.

Consumer Side Analysis

Consumers are increasingly seeking healthier and more sustainable alternatives to traditional cooking oils. Rice bran oil with its high nutritional value and versatility is gaining popularity among health-conscious consumers.

DROCs

• Drivers: Health trends, sustainability concerns, growing disposable incomes
• Restraints: Availability of substitutes, limited supply, flavor preferences
• Opportunities: Innovations in extraction and refining, partnerships, technological advancements
• Challenges: Volatility in rice production, competition from other plant-based oils