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 type of edible oil extracted from the hard outer layer of rice, known as bran. This oil has gained popularity due to its balanced fatty acid profile and rich nutrient content, which includes antioxidants like oryzanol and tocopherols. The oil is often characterized by its mild flavor and high smoke point, making it suitable for various cooking methods such as frying, sautéing, and grilling. Health-wise, rice bran oil is noted for its cholesterol-lowering properties, largely attributed to the presence of oryzanol. It contains a balanced ratio of monounsaturated, polyunsaturated, and saturated fats, making it a heart-healthy option. It is also less viscous, which means it is less absorbed by food, resulting in lower calorie intake. In the industrial sector, rice bran oil is used in the production of soaps, detergents, and cosmetics. Its high smoke point and stability also make it a preferred choice for high-temperature cooking processes in the food industry. Beyond its culinary and industrial applications, rice bran oil is also studied for its potential therapeutic benefits.
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What are the Growth Prospects and Trends in the Rice Bran Oil Industry?
The rising health consciousness among consumers represents one of the key factors driving the growth of the market across the globe. Rice bran oil is gaining attention for its health-friendly profile, including cholesterol-lowering properties and a balanced ratio of fatty acids. The oil’s high smoke point makes it suitable for various cooking methods like frying and sautéing, which is expanding its culinary applications and increasing its demand. The presence of antioxidants like oryzanol and tocopherols adds to its appeal as a nutrient-rich oil, which is driving consumer interest. The mild and neutral taste of rice bran oil complements a wide range of dishes, which makes it a preferred choice in global cuisines, thus contributing to the growth of the market. The extensive use of rice bran oil in the manufacturing of cosmetics, soaps, and detergents, is further expanding its market scope.
Rice bran oil is often extracted from the by-products of rice milling, thus making it an eco-friendly option that utilizes waste effectively. This aspect makes it attractive to environmentally conscious consumers. The rising globalization and urbanization are exposing consumers to diverse food options, including healthier cooking oils like rice bran oil which is facilitating the growth of the market. The growing awareness about the importance of choosing healthier oils due to information disseminated through digital media, nutritionists, and healthcare providers is propelling the growth of the market. Supportive government policies for sustainable and local agriculture boost the production of rice bran oil, which is also contributing to the market growth. Advancements in supply chain and distribution networks make rice bran oil more readily available to a global consumer base, which is increasing its market potential. In line with this, ongoing research and development (R&D) into the oil’s potential therapeutic properties is creating a positive outlook for the market across the globe.
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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