IMARC Group, a leading market research company, has recently released a report titled “Rice Bran Oil Market Report by End-Use (Edible, Industrial), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the global rice bran oil market share, trends, size, and industry trends forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global rice bran oil market size reached 1.8 million Tons in 2023. Looking forward, IMARC Group expects the market to reach 2.1 million Tons by 2032, exhibiting a growth rate (CAGR) of 1.7% during 2024-2032.
Global Rice Bran Oil Market Trends:
At present, the growing consumer awareness of health and wellness is driving demand for rice bran oil, known for its heart-healthy properties, including the ability to lower cholesterol levels. In addition, rice bran oil is gaining popularity in the culinary sector and in cosmetics and pharmaceuticals, due to its antioxidant properties and high levels of Vitamin E.
Moreover, the extensive use of rice bran oil, a byproduct of rice milling, is seen to add value to the rice production process and reduce waste. Besides this, improvements in extraction and processing technologies are making rice bran oil more accessible and affordable, enhancing its market penetration.
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Factors Affecting the Growth of the Global Rice Bran Oil Industry:
· Changing Shift Toward Healthier Oils:
The global dietary market is undergoing a significant transformation as consumers are prioritizing health and wellness in their food choices, escalating the demand for cooking oils that are versatile in use and also beneficial for health.
Additionally, rice bran oil emerges as a frontrunner in this regard, distinguished by its rich profile of mono- and polyunsaturated fats. Unlike traditional cooking oils that may contain higher levels of saturated fats or trans fats, rice bran oil offers a healthier alternative that supports cardiovascular health without compromising flavor or cooking performance. Its balanced fatty acid composition helps in lowering cholesterol levels and improving lipid profiles, making it a preferred choice for those seeking to make heart-healthy dietary changes.
Furthermore, the increasing use of rice bran oil due to its high smoke point makes it suitable for various cooking methods, including frying, without deteriorating its nutritional value.
· Various Government Initiatives:
Government initiatives are promoting healthier dietary choices and recognizing the health benefits associated with rice bran oil, such as its potential to reduce cholesterol levels and support cardiovascular health Consequently, several countries are implementing measures to encourage its production and consumption. These initiatives provide subsidies to rice bran oil producers, which lower the cost of production and encourage farmers to allocate resources toward rice bran oil extraction.
Additionally, governments may fund research to further explore the nutritional advantages of rice bran oil, thereby generating enhanced body of evidence that supports its health claims.
· Emerging Innovation in Product Offerings:
The rice bran oil market is characterized by a dynamic and innovative landscape, with companies continuously seeking to differentiate their product offerings to meet evolving consumer demands. Additionally, rice bran oil with added vitamins and minerals, enhancing its nutritional profile beyond its inherent health benefits. These fortified oils cater to a growing segment of health-conscious consumers looking for cooking oils that contribute to their nutritional intake.
Moreover, by adding nutrients such as vitamin E, which is known for its antioxidant properties, or omega-3 fatty acids, which are beneficial for heart health, manufacturers can offer a product that stands out in a crowded market which addresses the consumer desire for functional foods products that offer health benefits beyond basic nutrition.
Rice Bran Oil Market Report Segmentation:
By End Use:
· Edible
· Industrial
The edible sector accounts for the largest market share due to its widespread use in cooking and food processing due to its health benefits and high smoke point.
Regional Insight:
· India
· China
· Japan
· Others
India’s dominance in the rice bran oil market is attributed to the country's vast rice production and growing awareness of the oil's health advantages among its population.
Key Highlights of the Report:
· Market Performance (2018-2023)
· Market Outlook (2024-2032)
· Market Trends
· Market Drivers and Success Factors
· Impact of COVID-19
· Value Chain Analysis
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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