IMARC Group, a leading market research company, has recently released a report titled “Rice Bran Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global rice bran oil market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Rice Bran Oil Market?
The global rice bran oil market size reached 1.8 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 2.0 Million Tons by 2028, exhibiting a growth rate (CAGR) of 2.07% during 2023-2028.
What is Rice Bran Oil?
Rice bran oil is a versatile cooking oil extracted from the hard outer brown layer of rice called chaff (rice husk). It is notable for its mild flavor, which makes it suitable for high-temperature cooking methods such as stir-frying and deep-frying. The oil has a balanced fatty acid composition, being rich in monounsaturated fats (MUFA), and polyunsaturated fats (PUFA), and containing trans fat-free saturated fats. What sets rice bran oil apart is its rich content of vitamin E complex, antioxidants (notably oryzanol), and other micronutrients. The presence of these components contributes to its purported health benefits, such as supporting cardiovascular health, potentially due to its ability to help lower cholesterol levels and contribute to its high smoke point, which is beneficial for maintaining stability at high temperatures without breaking down and generating harmful free radicals. The oil is also used in various non-food products, such as cosmetics and personal care items, due to its skin-friendly properties. It’s often found in soaps, lotions, and hair care products, where it’s valued for its moisturizing and softening effects.
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What are the Growth Prospects and Trends in the Rice Bran Oil Industry?
The health benefits of rice bran oil represents one of the key factors driving the growth of the market across the globe. Rich in antioxidants, such as oryzanol, and balanced fatty acids, rice bran oil is associated with cholesterol-lowering properties and improved cardiovascular health, which is resonating with the global trend towards healthier cooking oils. The high smoke point makes it ideal for high-temperature cooking, such as frying, without deteriorating and releasing harmful free radicals, which is appealing to both home cooks and professional chefs.
The growing consumer awareness about the nutritional benefits of rice bran oil, often promoted as heart-healthy and hypoallergenic, is contributing to its increased adoption. Beyond cooking, rice bran oil is used in cosmetics and personal care products, which is benefiting from the rise in the natural beauty products market. As Western populations adopt Asian cuisines, the demand for traditional ingredients like rice bran oil increases. There’s a growing industrial demand for rice bran oil in the production of biodiesel as well as in the animal feed industry, where its high-fat content and nutritional profile are valued. Aggressive marketing by manufacturers and retailers is playing a role in popularizing the oil’s health and culinary benefits. Continuous research is leading to improved extraction techniques, which increase the yield and quality of rice bran oil, thus making it more cost-effective and driving market growth. In some rice-producing countries, government initiatives promote the extraction and consumption of rice bran oil due to its health benefits, which encourages both production and awareness. The rising use of modern retail formats and online sales channels is making rice bran oil more accessible to a wider audience. With an increasing global focus on sustainability, rice bran oil, which can be produced from a byproduct of rice milling, is seen as a more sustainable option, which contributes to waste reduction.
What is Included in Market Segmentation?
The report has categorized the market based on end-use, and regional insights.
Breakup by End Use:
- Edible
- Industrial
Regional Insights:
- India
- China
- Japan
- Others
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Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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