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By 2023, the rice bran oil industry had grown to a value of $6.48 billion. Forecasts indicate that the rice bran oil market will expand from $7.94B in 2024 to $12.34B in 2031, a CAGR (compound annual growth rate) of 11.06% from 2024 to 2031. Key market factors supporting market growth include rising health consciousness, a preference for fat-free and nutritional diets, and increasing knowledge of the multiple health benefits of rice bran oil.
Rice bran oil has become very popular due to the many health benefits it provides. The rising demand for nutrient-dense food components and the shifting dietary preferences of consumers are driving the market's rise. Rice bran oil is touted by the American Heart Association and the World Health Organization (WHO) as a healthier alternative to other vegetable oils due to its polyunsaturated and saturated fats, as well as its high monosaturated fat content.
Soap, moisturisers, lotion, and hair-care products made with rice bran oil are a staple in the cosmetics and pharmaceutical industries because to the oil's ability to promote hair growth, protect skin from ultraviolet radiation, and slow down the aging process. Accelerated urbanization, an oversupply, changed lifestyles, heavy promotional marketing, and expanded penetration in both developed and developing nations are other important factors that drive expansion. Various rules have been put in place by governments worldwide to ensure that edible oil supplies are balanced with demand. A number of manufacturers and financiers have removed the quantitative restrictions on organic edible oils, leading to a thriving market for rice bran oil.
Consumption of rice bran oil has increased as more people become aware of its many health benefits. This, together with the rising interest in healthy food options, is driving the market forward. In addition, the American Heart Association and the World Health Organization have both given their stamp of approval to the usage of rice bran oil, stating that it is far safer than other vegetable oils due to its composition of monounsaturated, polyunsaturated, and saturated fats. A key ingredient in many hair care products, as well as soaps, moisturisers, lotions, and pharmaceuticals, rice bran oil contains oryzanol, which promotes hair growth, protects the skin from UV rays, and fights ageing. Increased penetration in both established and developing markets, changing lifestyles, growing disposable incomes, and fast urbanization are among important elements propelling the market forward.
Market growth for rice bran oil is expected to be hindered over the forecast period by factors such as falling planting rates and longer new plant biotechnology features. The two most important factors limiting market expansion are changing weather patterns and government regulations. Recent developments, trade regulations, import-export analysis, production optimization, value chain study, market share, influence of local and domestic market players, opportunities for growth based on new regulations, market size, category growth, application niches and dominance, product approvals, launches, geographic expansions, and technological innovations are all covered in this report on the rice bran oil market.
Although the COVID-19 epidemic shook up many markets, edible oil was mostly unaffected. The market for rice bran oil was so unaffected. Due to rising demand for edible oils and other food and drink products, the market grew. Also, as word got out about the benefits of rice bran oil during the pandemic, demand for organic edible oils like that shot up, according to a number of studies.
Rising production levels have led to a rise in the demand for rice. With more rice being grown, there has been a rise in the need for rice bran oil. Based on data from the United States Department of Agriculture's Agricultural Production 2023, the top three countries producing milled rice in the fiscal year 2020-21 were China (148.3 million metric tons), India (122.2 million metric tons), and Indonesia (35.3 million metric tons). This is why these countries' rice bran oil is so well-respected. India is now one of the leading global producers of rice bran oil, thanks to an increasing number of customers who are realizing the benefits of including this heart-healthy oil into their diets.
According to the Indian government's Directorate of Economics and Statistics, rice production in the country is expected to rise from 2,600 kilos per hectare in 2020 to around 2,700 kilos per hectare in 2021. Governments worldwide execute a variety of programs to maintain a steady supply and demand for edible oils. The market for rice bran oil has grown as a result of the elimination of quantitative constraints on organic edible oils by a number of manufacturers and investors.
Report Coverage
Global Rice Bran Oil research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Rice Bran Oil report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Rice Bran Oil competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Rice Bran Oil market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Rice Bran Oil market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Rice Bran Oil market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Dow (U.S.), BASF SE (Germany), Chr. Hansen Holding A/S (Denmark), DSM (Netherlands), DuPont (U.S.), Evonik Industries AG (Germany), NOVUS INTERNATIONAL (U.S.), Alltech (U.S.), Associated British Foods plc (U.K.), Charoen Pokphand Foods PCL (Thailand), Cargill, Incorporated (U.S.), Nutreco (Netherlands), ForFarmers. (Netherlands), De Heus Animal Nutrition (Netherlands), Land O'Lakes (U.S.), Kent Nutrition Group (U.S.), J. D. HEISKELL & CO. (U.S.), Perdue Farms (U.S.), SunOpta (Canada), Scratch and Peck Feeds (U.S.), De Heus Animal Nutrition (Netherlands), MEGAMIX (Russia), Agrofeed (Hungary)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Rice Bran Oil market based on the below-mentioned segments:
Global Rice Bran Oil Market, By Sales Channel
Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
Global Rice Bran Oil market, By Application
Pharmaceuticals
Food and Beverages
Personal Care
Cosmetics
Global Rice Bran Oil Market, By End User
Industrial
Edible
Global Rice Bran Oil market, Regional Analysis
Rice bran oil has become very popular due to the many health benefits it provides. The rising demand for nutrient-dense food components and the shifting dietary preferences of consumers are driving the market's rise. Rice bran oil is touted by the American Heart Association and the World Health Organization (WHO) as a healthier alternative to other vegetable oils due to its polyunsaturated and saturated fats, as well as its high monosaturated fat content.
Soap, moisturisers, lotion, and hair-care products made with rice bran oil are a staple in the cosmetics and pharmaceutical industries because to the oil's ability to promote hair growth, protect skin from ultraviolet radiation, and slow down the aging process. Accelerated urbanization, an oversupply, changed lifestyles, heavy promotional marketing, and expanded penetration in both developed and developing nations are other important factors that drive expansion. Various rules have been put in place by governments worldwide to ensure that edible oil supplies are balanced with demand. A number of manufacturers and financiers have removed the quantitative restrictions on organic edible oils, leading to a thriving market for rice bran oil.
Consumption of rice bran oil has increased as more people become aware of its many health benefits. This, together with the rising interest in healthy food options, is driving the market forward. In addition, the American Heart Association and the World Health Organization have both given their stamp of approval to the usage of rice bran oil, stating that it is far safer than other vegetable oils due to its composition of monounsaturated, polyunsaturated, and saturated fats. A key ingredient in many hair care products, as well as soaps, moisturisers, lotions, and pharmaceuticals, rice bran oil contains oryzanol, which promotes hair growth, protects the skin from UV rays, and fights ageing. Increased penetration in both established and developing markets, changing lifestyles, growing disposable incomes, and fast urbanization are among important elements propelling the market forward.
Market growth for rice bran oil is expected to be hindered over the forecast period by factors such as falling planting rates and longer new plant biotechnology features. The two most important factors limiting market expansion are changing weather patterns and government regulations. Recent developments, trade regulations, import-export analysis, production optimization, value chain study, market share, influence of local and domestic market players, opportunities for growth based on new regulations, market size, category growth, application niches and dominance, product approvals, launches, geographic expansions, and technological innovations are all covered in this report on the rice bran oil market.
Although the COVID-19 epidemic shook up many markets, edible oil was mostly unaffected. The market for rice bran oil was so unaffected. Due to rising demand for edible oils and other food and drink products, the market grew. Also, as word got out about the benefits of rice bran oil during the pandemic, demand for organic edible oils like that shot up, according to a number of studies.
Rising production levels have led to a rise in the demand for rice. With more rice being grown, there has been a rise in the need for rice bran oil. Based on data from the United States Department of Agriculture's Agricultural Production 2023, the top three countries producing milled rice in the fiscal year 2020-21 were China (148.3 million metric tons), India (122.2 million metric tons), and Indonesia (35.3 million metric tons). This is why these countries' rice bran oil is so well-respected. India is now one of the leading global producers of rice bran oil, thanks to an increasing number of customers who are realizing the benefits of including this heart-healthy oil into their diets.
According to the Indian government's Directorate of Economics and Statistics, rice production in the country is expected to rise from 2,600 kilos per hectare in 2020 to around 2,700 kilos per hectare in 2021. Governments worldwide execute a variety of programs to maintain a steady supply and demand for edible oils. The market for rice bran oil has grown as a result of the elimination of quantitative constraints on organic edible oils by a number of manufacturers and investors.
Report Coverage
Global Rice Bran Oil research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Rice Bran Oil report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Rice Bran Oil competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Rice Bran Oil market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Dow (U.S.), BASF SE (Germany), Chr. Hansen Holding A/S (Denmark), DSM (Netherlands), DuPont (U.S.), Evonik Industries AG (Germany), NOVUS INTERNATIONAL (U.S.), Alltech (U.S.), Associated British Foods plc (U.K.), Charoen Pokphand Foods PCL (Thailand), Cargill, Incorporated (U.S.), Nutreco (Netherlands), ForFarmers. (Netherlands), De Heus Animal Nutrition (Netherlands), Land O'Lakes (U.S.), Kent Nutrition Group (U.S.), J. D. HEISKELL & CO. (U.S.), Perdue Farms (U.S.), SunOpta (Canada), Scratch and Peck Feeds (U.S.), De Heus Animal Nutrition (Netherlands), MEGAMIX (Russia), Agrofeed (Hungary) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Rice Bran Oil Market from 2021 to 2031.
- Market Forecast for Rice Bran Oil Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Rice Bran Oil competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Rice Bran Oil
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Rice Bran Oil market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Rice Bran Oil market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Dow (U.S.), BASF SE (Germany), Chr. Hansen Holding A/S (Denmark), DSM (Netherlands), DuPont (U.S.), Evonik Industries AG (Germany), NOVUS INTERNATIONAL (U.S.), Alltech (U.S.), Associated British Foods plc (U.K.), Charoen Pokphand Foods PCL (Thailand), Cargill, Incorporated (U.S.), Nutreco (Netherlands), ForFarmers. (Netherlands), De Heus Animal Nutrition (Netherlands), Land O'Lakes (U.S.), Kent Nutrition Group (U.S.), J. D. HEISKELL & CO. (U.S.), Perdue Farms (U.S.), SunOpta (Canada), Scratch and Peck Feeds (U.S.), De Heus Animal Nutrition (Netherlands), MEGAMIX (Russia), Agrofeed (Hungary)
Primary Target Market
- Market Players of Rice Bran Oil
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Rice Bran Oil market based on the below-mentioned segments:
Global Rice Bran Oil Market, By Sales Channel
Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
Global Rice Bran Oil market, By Application
Pharmaceuticals
Food and Beverages
Personal Care
Cosmetics
Global Rice Bran Oil Market, By End User
Industrial
Edible
Global Rice Bran Oil market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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