Rice bran oil is an edible oil which is derived from the inner
husk of rice. It is considered as one of the most nutritious and healthy edible
oils as it contains 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 a high anti-oxidant stability
and smoke point, making it ideal for cooking and frying applications.
The global rice bran oil market has been segregated, by
category, into conventional and organic. The conventional segment is expected
to dominate the global rice bran oil market during the assessment period.
However, the organic segment is expected to grow at a higher CAGR during the
forecast period owing to the rising preference of consumers for organic
products. The awareness towards benefits of organic products is increasing,
which is expected to drive the growth of the segment.
The global market for rice bran oil has also been classified,
by distribution channel, as store based and non-store based; with store based
segment being sub divided to supermarkets & hypermarkets, convenience
stores, and others. The store based segment is expected to dominate the market
wherein supermarkets & hypermarkets are expected to hold a prominent share.
However, the non-store-based segment is expected to register the highest CAGR
during the forecast period. The growth of e-commerce sector coupled with
growing inclination of consumers towards online shopping is expected to
contribute to the growth of the market. Regional
Analysis
On the basis of 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 the rice bran oil is projected to drive the growth of the market in the
rest of the world. Moreover, manufacturers are investing heavily in the
emerging markets with new product launches which is expected to surge the
growth of the market during the forecast period.
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Key Players
Some of the key players in the global Rice bran oil market are
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)
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