Rice Bran Oil Market Analysis, Size, Share, Growth, Trends, and Forecast by 2031

The rice bran oil market is expected to register a CAGR of 6% during 2023–2031. The rising demand for organic rice bran oil is likely to remain a key trend in the market.

Rice Bran Oil Market Analysis

• The growing awareness of the various health benefits of rice bran oil has enhanced its use in different applications.
• Multiple health benefits offered by rice bran oil have boosted its consumption in food and beverage applications.
• Further, the rising disposable incomes, changing lifestyles, and growing inclusion of the oil in various cosmetic products, etc. factors are also boosting the rice bran oil market growth.

Rice Bran Oil Market Overview

• Rice bran oil is extracted from the hard, outer brown layer of rice called bran.
• The oil is manufactured as a by-product in many countries that cultivate rice.
• The production and processing of rice bran oil are similar to other vegetable oils, and it is typically extracted using the solvent extraction method.
• Rice bran oil is an excellent source of poly- and mono-unsaturated fats.
• Rice bran oil is suitable for high-temperature cooking, which makes it ideal for frying and baking.

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Rice Bran Oil Market: Strategic Insights

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Rice Bran Oil Market Drivers and Opportunities

High Demand from Food and Beverage Industry

• The rice bran oil is experiencing a high demand from the food and beverage industry due to factors such as nutritional content, culinary uses and versatility, and evolving dietary preferences.
• Rice bran oil is highly used in culinary activities across the globe. Its unique taste and nutrient-rich composition make it ideal for a wide range of culinary applications.
• Also, the rising demand for nutritional food ingredients plays a crucial role in promoting the rice bran oil market growth.

Strong Growth of Personal Care and Cosmetics Industry

• In the personal care and cosmetics industry, rice bran oil is used for skin nourishment and repair, hair care and body care products.
• It is used in hair care products owing to its nourishing and regenerative properties.
• The strong growth of the personal care and cosmetics industry fuels the demand for various ingredients, including rice bran oil.
• The growth of the personal care and cosmetics industry is driven by factors such as the rising disposable income of people, increasing consumer spending on cosmetic products, and the growth of the online retail sector.

Rice Bran Oil Market Report Segmentation Analysis

Key segments that contributed to the derivation of the rice bran oil market analysis are category and application.

• Based on category, the rice bran oil market is divided into organic and conventional.
• On the basis of application, the market is segmented into food and beverages, personal care and cosmetics, pharmaceuticals and nutraceuticals, and others.

Rice Bran Oil Market Share Analysis by Geography

• Rice Bran Oil Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering rice bran oil market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers porter’s five forces analysis, which involves the study of major factors that influence the rice bran oil market in these regions.

Rice Bran Oil Market Regional Insights

The regional trends and factors influencing the Rice Bran Oil Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Rice Bran Oil Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Rice Bran Oil Market Report Scope

Rice Bran Oil Market Players Density: Understanding Its Impact on Business Dynamics

The Rice Bran Oil Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Rice Bran Oil Market are:

1. Givaudan
2. Gustav Heess Oleochemische Erzeugnisse GmbH
3. ConnOils LLC
4. Catania Oils
5. Ricela Group of Companies
6. MOSSELMAN

Disclaimer: The companies listed above are not ranked in any particular order.

Rice Bran Oil Market News and Recent Developments

The rice bran oil market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the rice bran oil market are listed below:

• Sanjay Ghodawat Group, a prominent Indian business conglomerate whose mission is to transform lives globally by offering qualitative products and services, recently took another step to fulfill its prime endeavor. Its FMCG arm, Ghodawat Consumer Products LLP (GCPL), recently launched a high-quality edible oil product to support the growing need for a healthy and nutritious oil in the market. Under its popular brand name 'STAR', GCPL launched 'STAR Rice Bran Oil' in June 2021. (Yahoo/ Website/ News/June 2021)
• Gemini Edibles & Fats India Ltd introduces a disruptive tech-enabled print advertising campaign for Freedom Rice Bran Oil, titled 'ACT TODAY'. (Adgully / Company Website/ News/June 2024)

Rice Bran Oil Market Report Coverage and Deliverables

The “Rice Bran Oil Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Rice bran oil market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Rice bran oil market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed Porter’s Five Forces and SWOT analysis
• Rice bran oil market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the rice bran oil market
• Detailed company profiles