According to the latest report by IMARC Group, titled “Rice Bran Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global rice bran oil market size reached 1.8 Million Tons in 2022. Rice bran oil is a versatile and increasingly popular vegetable oil extracted from the outer layer of rice grains. It is known for its unique composition, mild flavor, and numerous health benefits, making it a valuable addition to the culinary and health-conscious industries. It is rich in antioxidants, including tocopherols and tocotrienols as well as other bioactive compounds that contribute to its stability and health benefits. These antioxidants help neutralize free radicals, potentially reducing the risk of chronic diseases and promoting heart health. It finds applications in the cosmetics and skincare industries. Its natural moisturizing properties and antioxidants make it an excellent ingredient for skincare products, including creams, lotions, and hair care products.
Global Rice Bran Oil Market Trends:
The increasing awareness of the health benefits is driving the global market. Moreover, the growing demand for natural and organic food products has also contributed to the market's growth as rice bran oil, with its natural extraction process and absence of harmful chemicals, appeals to health-conscious and environmentally conscious consumers fuelling its popularity in the market. Additionally, the rising demand for rice bran oil in various industrial applications has supported the growth of the market. Furthermore, continual advancements in rice bran oil extraction techniques and processing technologies have improved the quality and yield of the oil, making it more economically viable for commercial production. These innovations have also expanded the range of products derived from rice bran oil, such as refined, blended, and fortified varieties, catering to diverse consumer preferences. Furthermore, government initiatives and agricultural policies promoting rice bran oil production have supported the market's growth in rice-producing countries. Apart from this, the rapid expansion of the e-retail sector and aggressive promotional strategies by several key players are also providing a boost to the market. Looking forward, the market volume is projected to reach 2.0 Million Tons by 2028, expanding at a CAGR of 2.07% during 2023-2028.
- Based on the end use, the market has been segmented into edible and industrial.
- Region-wise, the market has been segmented into India, China, Japan, and others.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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