Global Rice Bran Oil Market growing at a CAGR of 9.0% from 2023 to 2031
Category : Materials And Chemicals | Published Date : Sep 2023
Key Market Overview
Consegic Business Intelligence analyzes that the rice bran oil market is predicted to grow at a compound annual growth rate of 9.0% from 2023 to 2031 and is expected to reach USD 15,141.02 million in 2031 and 7,616.56 million in 2023 which was valued at USD 7,116.27 million in 2022.
The report highlights high demand for nutritional and fat-free food increases the demand for rice bran oil and drives market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the rice bran oil market.
Global Rice Bran Oil Market By Overview
The rice bran oil market is segmented into type, application, end-use industry, and distribution channel. Based on type, the market is segmented into refined oil and filtered oil. In 2022, the refined oil segment dominate in the overall rice bran oil market. Based on application segment is categorized into hair oil, skincare, cosmetics, edible oil, and others. In 2022, the edible oil segment accounted for the highest market share in the rice bran oil market. Based on the end-use industry, the market is segmented into pharmaceuticals, food & beverages, cosmetics, and others. In 2022, the food & beverages segment dominate in the overall rice bran oil market. The distribution channel segment is categorized into offline and online. In 2022, the offline segment accounted for the highest market share in the rice bran oil market.
Get Free SampleMarket Dynamics
Driver:
- High demand for nutritional and fat-free food increased the demand for rice bran oil and drives the market growth.
- Growing demand for rice bran oil-based cosmetics also drives the growth of the market.
Restraints:
- Availability of other vegetable oil substitutes hampers the market growth
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Refined Oil and Filtered Oil |
| By Application | Hair Oil, Skin Care, Cosmetics, Edible Oil, and Others |
| By End-user Industry | Pharmaceutical, Food & Beverages, Cosmetics, and Others |
| By Distribution Channel | Offline (Hypermarket and Supermarket, Convenience Stores, Other) and Online (E-commerce Platforms and Company Websites) |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Cargill Incorporated, Adani Wilmar Ltd., Marico Ltd., and King Rice Oil Group, which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the rice bran oil market is expected to witness substantial growth in the coming years due to the growing demand for rice bran oil-based cosmetics.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- 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.