Rice Bran Oil Market is predicted to reach USD 12.4 billion at a CAGR of 9.06% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the "Global Rice Bran Oil Market" that contains information from 2018 to 2030. The Rice Bran Oil market is estimated to register a CAGR of 9.06% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Rice Bran Oil market- 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), and Sethia Oils Limited (India)

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Market Highlights

The global Rice Bran Oil market is accounted to register a CAGR of 9.06% during the forecast period and is estimated to reach USD 12.4 billion by 2030.

The rice bran oil market involves the production and distribution of a cooking oil extracted from the outer layer of rice grains. Known for its high smoke point and nutritional profile, rice bran oil is gaining popularity as a healthier alternative in culinary applications and food processing, contributing to its expanding demand in the edible oil industry.

Segment Analysis

The global Rice Bran Oil market has been segmented based on Category, Packaging Type and Distribution Channel.

On the basis of Category, the market is segmented into conventional and organic. Foods made from organic rice bran have been linked to several health advantages, including maintaining good cholesterol levels and boosting heart health. Organic foods are dominating the industry in terms of growth.

Based on Packaging Type, the global Rice Bran Oil market has been segmented into bottles, pouches and others. The choice of size and packaging is heavily influenced by the cost, shelf life, and purpose of the purchase. Due to their unique suitability for oil storage, plastic bottles, containers, and pouches are significant and leading market segments.

Based on Distribution Channel, the global Rice Bran Oil market has been segmented into store based & non-store-based. The choice of size and packaging is heavily influenced by the cost, shelf life, and purpose of the purchase. Plastic bottles, containers, and pouches are large and leading market segments because of their particular appropriateness for storing oil.

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Regional Analysis

The global Rice Bran Oil market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Rice Bran Oil market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Rice Bran Oil market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Rice Bran Oil market comprises of Middle East, Africa, and Latin America.

The Asia-Pacific Rice Bran Oil Market dominated this market in 2022. During the forecast period, Asia-Pacific, which includes major rice-producing nations including India, Japan, China, Thailand, and Vietnam, is projected to take the lead in the rice bran oil market. The oil has gained considerable acceptance as a cooking oil among consumers in this region. Rice bran oil is thought to have originated in Japan.

Additionally, the second-largest market share for rice bran oil is in Europe, and as more people become health conscious and more people become aware of rice bran oil, the market is projected to grow. Furthermore, the UK rice bran oil market was expanding at the fastest rate in the European region, while the German rice bran oil market had the greatest market share.

Moreover, from 2022 to 2030, the North American rice bran oil market is anticipated to experience the fastest CAGR growth. The increased knowledge of customers' own health is to blame for this. Consumers are implementing a multitude of dietary practises to ensure they are consuming food goods that are healthful. In addition, the Indian rice bran oil market had the quickest rate of growth in the North American area, while China's rice bran oil market had the greatest market share.

Key Findings of the Study

The global Rice Bran Oil market is expected to reach USD 12.4 billion by 2030, at a CAGR of 9.06% during the forecast period.
The Asia-Pacific Rice Bran Oil Market dominated this market in 2022. During the forecast period, Asia-Pacific, which includes major rice-producing nations including India, Japan, China, Thailand, and Vietnam, is projected to take the lead in the rice bran oil market.
Based on Category, Organic foods are dominating the industry in terms of growth.
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), and Sethia Oils Limited (India).

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