A recently released report by IMARC Group titled “Rice Bran Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022” provides a deep insight into the global rice bran oil market. Rice bran oil currently represents one of the most nutritious and healthiest edible oils due to the presence of natural bioactive phytoceuticals such as tocopherols, tocotrienols (tocols), γ-oryzanol, etc. Rice bran oil is extracted from the outer brown layer of rice and consists of a unique anti-oxidant known as gamma-oryzanol along with significant cholesterol, anti-aging and triglyceride lowering properties. Rice bran oil is also a good source of vitamin E and helps in proper functioning of the nervous system. Besides these aforementioned properties, rice bran oil also provides substantial cooking benefits as it exhibits excellent frying performance and possess good storage stability without hydrogenation.
Findings from the report suggest that rice bran oil accounts for only 1% of the total global edible oil production but its consumption levels have been increasing continuously in recent years. Increasing awareness about health benefits and superior cooking properties of rice bran oil, aggressive promotions by manufacturers and increasing penetration levels in both developed and emerging markets have helped the global rice bran oil market to grow at a CAGR of around 3.2% during 2008-2015. Projections from the report suggest that the market is expected to grow at a CAGR of 3.8% during 2016-2021, reaching a volume of more than 1.8 Million Tons by 2021.
According to the study, rice bran oil has been majorly used for food and cooking purposes such as salad dressings, baking applications, stir frying, etc. With the food and cosmetic industries demanding for more natural, value-added and therapeutic ingredients, applications of rice bran oil have considerably increased in these industries. It is being used as an active ingredient in the production of sunscreen lotions, nail polishes, lipsticks and hair conditioners. Furthermore, it is also used as a nutritional supplement as it provides cholesterol management.
Analysing the market share of the end-use industries, the report finds that the majority of the total rice bran oil is used for edible purposes while the rest is utilised for industrial applications. On the basis of key regions, India currently represents the world’s largest producer accounting for the majority of the total global production. India is followed by China and Japan.
The report provides a comprehensive analysis for setting up a rice bran oil processing plant. The study covers all the requisite aspects of the rice bran oil industry and provides an in-depth analysis of the market, industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the rice bran oil market in any manner.
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