Product Description
Rice bran oil (RBO) is extracted from the germ and dark-colored bran of rice grain and is popular as cooking oil in several Asian countries. The oil is industrially produced by solvent employing either hot or cold extraction method. The raw material preparation, oil extraction, and refining of crude oil are the major processing steps followed to obtain RBO.
Increasing consumer health consciousness, rising demand for nutritional and fat-free food and beverages, and government favorable policies for rice bran oil and growing production of rice globally are some of the major driving factors responsible for the growth of Global Rice Bran Oil Market
Key players in the market adopted the new product launches, regulatory approval, and key strategic collaboration, partnerships for the growth in different regions of global market in recent years.
Global Rice Bran Oil Market is valued at US$ 7,922.6 Mn in 2023 which is expected to reach at US$ 13,968.6 Mn in 2030.
Asia Pacific is the major region for Rice Bran Oil market in 2023.
Organic segment dominated the Global Rice Bran Oil Market by type in 2023
Food and beverages dominated the global Rice Bran Oil market in 2023 by end-user.
Rice bran oil (RBO) is extracted from the germ and dark-colored bran of rice grain and is popular as cooking oil in several Asian countries. The oil is industrially produced by solvent employing either hot or cold extraction method. The raw material preparation, oil extraction, and refining of crude oil are the major processing steps followed to obtain RBO.
Growing consciousness for healthy food, increasing demand of rice bran oil in food & beverages industry, rising awareness for health benefits offered by rice bran oil, and government favorable policies for rice bran oil or edible oils are some of the major factors responsible for the growth of global rice bran oil market during the forecast period.
For instance, the increase in domestic rice bran oil production is also likely to ease the price and availability of edible oils in the country, as India is the largest importer of edible oils. The country imported edible oils worth Rs 75,000 crore between November 2019 and October 2020.
Due to these favorable factors global rice bran oil market is expected to follow similar current growth rate and is anticipated to grow at a CAGR of 7.4% from 2024 to 2031, reaching US$ 13,9686 Mn in 2031 from US$ 7,922.6 Mn in 2023.
