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 rice bran oil market has been segregated, by
packaging type, into bottles, pouches, and others. The pouches segment is
expected to dominate the global rice bran oil market during the assessment
period. However, the bottles segment is expected to grow at the highest CAGR
during the forecast period owing to its usage convenience.
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.
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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