Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Rice Bran Oil Market Size is Expected to Grow from USD 5.98 Billion in 2023 to USD 9.65 Billion by 2033, Growing at a CAGR of 4.90% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Rice Bran Oil Market Size, Share, and COVID-19 Impact Analysis, By Type (Organic and Non-organic), By Application (Nutraceutical, Food & Beverage, Animal Feed, and Others), By Distribution Channel (Online and Offline), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
A type of edible vegetable oil made from the outer brown layer of rice is known as rice bran oil. It has a mild flavor and neutral taste and is rich in vitamin E, antioxidants, and naturally occurring bioactive phytochemicals such as lecithin, tocopherols, tocopherols, and oryzanol. It is incredibly adaptable, light in texture, and has subtle flavors that work well in high-temperature cooking. It also blends nicely with other less stable oils. Natural and organic food products are becoming increasingly popular as people become more conscious of the negative effects of synthetic ingredients and preservatives. This gap is effectively filled by rice bran oil, which is typically marketed as a healthier edible oil than conventional ones. Consumer demand for vegetable oil is developing quickly as more people become aware of its health benefits, particularly in North America and Europe. Customers who like vegetable oil for cooking may find this oil to be a more affordable and suitable substitute. However, the growing duration of new plant biotechnology features and the declining volume of planting rates will probably serve as market barriers to the expansion of the rice bran oil markets throughout the projection period.
The organic segment is expected to hold the largest market share of the global rice bran oil market through the projected timeframe.
Based on the type, the rice bran oil market is classified into organic and non-organic. Among these, the organic segment is expected to hold the largest market share of the global rice bran oil market through the projected timeframe. Consumers are becoming more conscious of the adverse health impacts of consuming organic products, including rice bran oil. Since organic rice bran oil does not include artificial fertilizers and pesticides, it is seen as healthier, which appeals to consumers who want natural foods. Furthermore, the rich nutritional content of organic rice bran oil which includes important fatty acids and antioxidants makes it even more attractive.
The food & beverage segment is predicted to hold a significant market share in the global rice bran oil market through the projected timeframe.
Based on the application, the rice bran oil market is classified into nutraceutical, food & beverage, animal feed, and others. Among these, the food & beverage segment is predicted to hold a significant market share in the global rice bran oil market through the projected timeframe. This expansion can be attributed to its remarkable nutritional composition, adaptable cooking qualities, health advantages, acceptance to consumer preferences for natural products, sustainability factors, market expansion possibilities, and regulatory frameworks that are beneficial. Growing public awareness of diet-related health issues has led to a movement toward natural and minimally processed foods.
The offline segment is expected to hold the highest market share of the global rice bran oil market through the projected period.
Based on the distribution channel, the rice bran oil market is divided into online and offline. Among these, the offline segment is expected to hold the highest market share of the global rice bran oil market through the projected period. Regarding food items, customers prefer to have greater faith in well-known physical stores than in online retailers. Customers' confidence is increased when they engage with store employees and ask inquiries regarding the merchandise. In addition to waiting for delivery, offline shopping enables customers to take their goods home right away, which is particularly appealing for necessary kitchen materials.
Asia Pacific is expected to hold the largest share of the rice bran oil market through the forecast period.
Asia Pacific is expected to hold the largest share of the rice bran oil market through the forecast period. There are several of the world's leading rice-producing nations in the area, including China, India, and Japan. One of the primary by-products of rice milling is rice bran, and the oil that is produced from processing the bran is used to make cooking oil and cosmetics. Since it helps cardiovascular patients, this oil is referred to as the "heart oil" in Japan. Some growing economies, such as China and India, have seen increases in disposable income, which has increased demand for high-quality, healthful food ingredients such as this oil. These oil providers are mostly found in Asia-Pacific nations that sell their goods to other parts of the world.
North America is predicted to grow at the fastest CAGR of the rice bran oil market over the forecast period. Nutritious food habits have become more popular in this area due to modern, hectic lifestyles and growing health consciousness. Many food and beverage companies that are always coming out with new and healthful items are based in the region. Rice bran oil is known for having a balanced fatty acid composition that contains antioxidants such as gamma-oryzanol and important fatty acids. These elements support heart health and fight off illnesses such as Alzheimer's and some types of cancer.
Company Profiling
Major key players in the rice bran oil market include Adani Wilmar Ltd., 3F Industries Ltd, Cargill, Incorporated, Ricela Health Foods Limited, King Rice Oil Group, Marico Limited, The Kraft Heinz Company, Conagra Brands, Inc, Sethia Oils Ltd, Modi Naturals Ltd., and Others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the rice bran oil market based on the below-mentioned segments:
Global Rice Bran Oil Market, By Type
Global Rice Bran Oil Market, By Application
Global Rice Bran Oil Market, By Distribution Channel
Global Rice Bran Oil Market, By Regional Analysis
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