Global Rice Bran Oil Market to Reach USD 15,141.02 Million by 2031 | CAGR of 9.0%
Category : Materials And Chemicals | Published Date : Oct 2024 | Type : Press Release
Rice Bran Oil Market Scope & Overview:
The newly published report by Consegic Business Intelligence analyzes that Rice Bran Oil Market size was valued at USD 7,116.27 Million in 2022 and is projected to reach USD 15,141.02 Million by 2031, growing at a CAGR of 9.0% during the forecast period from 2023 to 2031. Rice bran oil is a by-product of rice bran, a highly nutritious vegetable oil that contains balanced fatty acids and is rich in antioxidants like oryzanol, vitamins, and minerals. This makes rice bran oil beneficial for both edible and cosmetic applications. It is widely used in cooking, skin care, hair care, and pharmaceutical products, making it a versatile and healthy choice for consumers.
The report comprises the Rice Bran Oil Market Share, Size & Industry Analysis, By Type (Refined Oil and Filtered Oil), By Application (Hair Oil, Skin Care, Cosmetics, Edible Oil, and Others), By End-Use Industry (Pharmaceutical, Food & Beverages, Cosmetics, and Others), By Distribution Channel (Offline [Hypermarket and Supermarket, Convenience Store, and Others], Online [E-Commerce Platform and Company Website]), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa), and Forecast, 2023-2031.
The report contains detailed information on Rice Bran Oil Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
The increasing demand for nutritional and fat-free food is a major driver of the rice bran oil market, as consumers seek healthier alternatives for cooking and skin care. Additionally, the growing demand for rice bran oil-based cosmetics is contributing to the market's growth, driven by its hydrating and nourishing properties for skin and hair.
Segmental Analysis :
Based on type, the market is segmented into refined oil and filtered oil.
- Refined oil accounted for the largest market share in 2022, driven by its use in cooking for heart health benefits, as it helps improve cholesterol levels and is recommended by health organizations like the American Heart Association.
- Filtered oil is expected to grow at the fastest rate, supported by its growing use in personal care products, including hair oils and skin creams.
Based on application, the market is segmented into hair oil, skin care, cosmetics, edible oil, and others.
- The edible oil segment dominated the market in 2022, driven by its popularity for cooking due to its high smoke point and cholesterol-lowering properties.
- The cosmetics segment is projected to grow at the fastest rate, supported by the increasing use of rice bran oil in skincare products due to its antioxidant properties and ability to hydrate and nourish the skin.
Based on end-use industry, the market is segmented into pharmaceutical, food & beverages, cosmetics, and others.
- Food & beverages held the largest market share in 2022, owing to the growing awareness of healthy cooking oils that offer nutritional benefits.
- The cosmetics segment is expected to witness the fastest growth due to the rising demand for natural and organic ingredients in beauty and personal care products.
Based on distribution channel, the market is divided into offline and online.
- Offline channels accounted for the highest market share in 2022, driven by the wide availability of rice bran oil in hypermarkets and supermarkets, where customers can explore various options.
- Online channels are expected to grow at the fastest rate due to the increasing popularity of e-commerce platforms and the convenience of online shopping.
Based on regions, the global market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
- Asia Pacific held the largest market share in 2022, accounting for 48.21%, supported by the high consumption and production of rice bran oil in countries such as China, India, and Japan.
- North America is expected to witness significant growth, driven by the increasing awareness of the health benefits of rice bran oil and the growing demand for heart-healthy cooking oils.
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2031 | USD 15,141.02 Million |
| CAGR (2024-2031) | 9.0% |
| By Type | Refined Oil, Filtered Oil |
| By Application | Hair Oil, Skin Care, Cosmetics, Edible Oil, Others |
| By End-Use Industry | Pharmaceutical, Food & Beverages, Cosmetics, Others |
| By Distribution Channel | Offline (Hypermarket, Supermarket, Convenience Store, Others), Online (E-Commerce Platform, Company Website) |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the PVC-Free Packaging Industry:
- Cargill, Incorporated
- Adani Wilmar
- 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.
Recent Industry Developments :
- In October 2022, Emami Agrotech Limited relaunched its edible oil brand, "Healthy & Tasty," in India, including rice bran oil as a part of its product portfolio.
- In September 2021, Cargill's Gemini Edibles & Fats India Ltd launched a new 5-liter jar of physically refined rice bran oil in India under its brand Freedom.
