Market Outlook
Rice bran oil has become more popular in recent cooking trends. According to Market Research Future's recent research on the food and beverage sector, the worldwide Rice Bran Oil Market is expected to rise at a higher CAGR during the assessment period.
The global rice bran oil market reached a volume of 1.8 million Tons in 2020. Looking forward, Market Research Future expects the market to reach a volume of 2.01 Million Tons by 2026.
Rice bran oil is an edible oil that is derived from the inner husk of rice. It is considered one of the most nutritious and healthy edible oils as it contains an abundance of natural bioactive nutraceuticals such as γ-Oryzanol, tocopherols, tocotrienols, and sterols with a balanced fatty acid composition. Also, rice bran oil is known to have high antioxidant stability and smoke point, making it ideal for cooking and frying applications.
Key Players
The list of key players in the global Rice Bran Oil Market Trends is 3F Industries Ltd (India), Cargill Inc. (US), Ricela Health Foods Ltd. (India), BCL Industries & Infrastructure Limited (India), Adani Wilmar Limited (India), Mexiterra, LLC (US), Riceland Foods (US), Sethia Oils Limited (India), King Rice Oil Group (Thailand), Modi Naturals Ltd. (India).
Regional Analysis
Based on region, the global Rice Bran Oil Market has been segmented by North America, Europe, Asia-Pacific, and RoW. Asia-Pacific is expected to dominate the global rice bran oil market owing to the presence of major rice-producing countries in this region. Moreover, rice bran oil is popular in various Asian cuisines due to its suitability in high-temperature cooking methods such as deep-frying and stir-frying. North America also holds a significant share in the global rice bran oil market and is expected to grow at the highest CAGR during the forecast period. The increasing health-conscious consumers are highly inclining towards healthy edible oil which is projected to drive the growth of rice bran oil in this region. Europe is also estimated to hold a prominent share in the global rice bran oil market and growing awareness for rice bran oil is projected to drive the rice bran oil for hair growth of the market in the rest of the world. Moreover, manufacturers are investing heavily in the emerging markets with new product launches which are expected to surge the growth of the market during the forecast period.
Market Segmentation
The global Rice Bran Oil Market Industry has been segmented by category, packaging type, distribution channel, and region.
In terms of category, the global Rice Bran Oil Market Share has been classified as conventional and organic.
In terms of packaging type, the global Rice Bran Oil Market has been divided into bottles, pouches, and others.
In terms of distribution channels, the market has been segmented into store-based and non-store-based. The store-based segment is sub-divided into supermarkets & hypermarkets, convenience stores, and others.
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