Rice Bran Oil Market is Expected to Reach New Heights in 2023

Rice Bran Oil Market Overview:

The Rice Bran Oil Market has experienced substantial growth in recent years, owing to its reputation as a heart-healthy cooking oil and its diverse applications in the food, cosmetic, and pharmaceutical industries. Rice Bran Oil is extracted from the outer bran layer of rice grains and is known for its high smoke point and nutritional qualities.

The Rice Bran Oil Market was valued at USD 7,116.27 Million in 2022 and is estimated to reach over USD 15,141.02 Million by 2031 and grow at a CAGR of 9.0% during the forecast period.

Key Players in the Rice Bran Oil Market:

  • Cargill Incorporated
  • Adani Wilmar Ltd.
  • Marico Ltd.
  • BCL Industries Limited
  • King Rice Oil Group
  • Ricela Group of Companies
  • Modi Naturals Ltd.
  • Emami Agrotech Ltd.
  • Zhejiang Delekang Food Co., Ltd.
  • 3F Industries Ltd.

Market Segmentation:

By Type        

  • Refined Oil
  • Filtered Oil

By Application       

  • Hair Oil
  • Skin Care
  • Cosmetics
  • Edible Oil
  • Others

By End-user Industry       

  • Pharmaceutical
  • Food & Beverages
  • Cosmetics
  • Others

By Distribution Channel 

  • Offline (Hypermarket and Supermarket, Convenience Store, and Other)
  • Online (E-commerce Platform and Company Website)

Click Here To Know About: Rice Bran Oil Market Trends

Regional Analysis:

The regional analysis of the Rice Bran Oil market reveals varying levels of demand and production across different regions. Asia-Pacific, particularly countries like India, China, and Japan, dominates the market due to the traditional use of Rice Bran Oil in their cuisines. Additionally, the cosmetic and pharmaceutical industries in these regions heavily rely on Rice Bran Oil for its natural properties. North America and Europe follow suit, with a growing preference for healthier cooking oils and a surge in the demand for natural cosmetics. Latin America and the Middle East and Africa are also witnessing an increasing adoption of Rice Bran Oil, driven by its perceived health benefits and versatility.

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