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Market Overview:
The global rice
bran oil market size was USD 6.16 billion in 2020 and is projected to grow from USD
6.67 billion in 2021 to USD 12.27 billion by 2028 at a CAGR of 9.09% during the
2021-2028 period. Asia Pacific dominated the global market with a share of
75.97% in 2020. The global rice bran oil market size is set to gain traction
from its possession of multiple beneficial properties. It has subtle taste,
antioxidants, and low-fat content. Fortune Business Insights™ presented
this information in an upcoming report, titled, “Rice Bran Oil Market,
2021-2028.” As per the report, the outbreak of the COVID-19 pandemic has
compelled people to cook at home. It has also caused an inclination towards
health-consciousness to stay fit and healthy. In March 2021, for instance,
TSUNO Group, announced that the sales of sesame and rice bran oil surged by 42%
in Japan amid the pandemic.
Segmentation-
Plastic Bottles Segment to Generate Largest Share in the Upcoming Years
By packaging, the market for rice bran oil is trifurcated into glass
bottles, pouches, and plastic bottles. Out of these, the plastic bottles
segment is expected to earn the largest rice bran oil market share in the near
future because of its high prevalence in the packaging of edible vegetable
oils. Based on the distribution channel, it is fragmented into online retail,
supermarkets/hypermarkets, departmental stores, and others.
Report Coverage-
A thorough analysis of numerous nations and locations in the Rice Bran
Oil Market may be found in the paper. It was created by our analysts after they
assessed a number of variables that control regional growth, including the
location's political, technological, social, economic, and environmental
conditions. The part on the competitive landscape was created to assist our
clients in comprehending the acquisitions and other tactics that major firms
are concentrating on in order to fortify their positions across the globe.
Source: https://www.fortunebusinessinsights.com/rice-bran-oil-market-102474
Drivers & Restraints-
Rising Need to Control Cholesterol will Favor Growth
Over the projected period, the Rice Bran Oil Market is anticipated to
rise at a rapid pace due to the growing need for fortified edible oils. For
example, the American Heart Association suggests using rice bran oil as a means
of controlling cholesterol. As a result, a growing number of cafés, eateries,
and lodging establishments are using this oil to prepare food.
Additionally, consumers are growing more conscious of the advantages
unsaturated fatty acids, which are found in oils, provide for their health.
This oil is used in the Rice Bran Oil Market for a variety of purposes,
including making sauces, salad dressings, and frying chips. However, rice bran
oil costs more than other oils do. This element could hinder development.
Regional Insights-
Abundance Availability of Raw Materials to Help Asia Pacific Dominate
At present, Asia Pacific is at the forefront in terms of revenue because
of the availability of raw materials in abundance, especially in Vietnam,
China, Japan, and India. These countries are also considered to be the leading
producers of rice. Additionally, several reputed companies are trying to
compete in the region by slashing down prices of their products.
Europe, on the other hand, is projected to showcase significant growth
backed by the rising adoption of healthy snacking habits. Also, increasing
awareness of health and fitness and informed purchasing decisions of consumers
would aid growth. The World Health Organization (WHO), for instance, mentioned
that the population of this region often faces cholesterol-related health
issues, followed by North America. Therefore, people are shifting towards rice
bran oil for preparing food on a regular basis.
Competitive Landscape-
Key Players Focus on New Product Launches to Fulfill Unmet Consumer
Demand
Renowned manufacturers of edible oil across the globe are striving
persistently to keep up with the high demand from consumers in the Rice Bran
Oil Market. At the same time, they are trying to keep up with the manufacturing
standards provided by regulatory bodies. Below are the two latest industry
developments.
A list of prominent rice bran oil manufacturers present in the global
market:
Market Overview:
The global rice
bran oil market size was USD 6.16 billion in 2020 and is projected to grow from USD
6.67 billion in 2021 to USD 12.27 billion by 2028 at a CAGR of 9.09% during the
2021-2028 period. Asia Pacific dominated the global market with a share of
75.97% in 2020. The global rice bran oil market size is set to gain traction
from its possession of multiple beneficial properties. It has subtle taste,
antioxidants, and low-fat content. Fortune Business Insights™ presented
this information in an upcoming report, titled, “Rice Bran Oil Market,
2021-2028.” As per the report, the outbreak of the COVID-19 pandemic has
compelled people to cook at home. It has also caused an inclination towards
health-consciousness to stay fit and healthy. In March 2021, for instance,
TSUNO Group, announced that the sales of sesame and rice bran oil surged by 42%
in Japan amid the pandemic.
Segmentation-
Plastic Bottles Segment to Generate Largest Share in the Upcoming Years
By packaging, the market for rice bran oil is trifurcated into glass
bottles, pouches, and plastic bottles. Out of these, the plastic bottles
segment is expected to earn the largest rice bran oil market share in the near
future because of its high prevalence in the packaging of edible vegetable
oils. Based on the distribution channel, it is fragmented into online retail,
supermarkets/hypermarkets, departmental stores, and others.
Report Coverage-
A thorough analysis of numerous nations and locations in the Rice Bran
Oil Market may be found in the paper. It was created by our analysts after they
assessed a number of variables that control regional growth, including the
location's political, technological, social, economic, and environmental
conditions. The part on the competitive landscape was created to assist our
clients in comprehending the acquisitions and other tactics that major firms
are concentrating on in order to fortify their positions across the globe.
Source: https://www.fortunebusinessinsights.com/rice-bran-oil-market-102474
Drivers & Restraints-
Rising Need to Control Cholesterol will Favor Growth
Over the projected period, the Rice Bran Oil Market is anticipated to
rise at a rapid pace due to the growing need for fortified edible oils. For
example, the American Heart Association suggests using rice bran oil as a means
of controlling cholesterol. As a result, a growing number of cafés, eateries,
and lodging establishments are using this oil to prepare food.
Additionally, consumers are growing more conscious of the advantages
unsaturated fatty acids, which are found in oils, provide for their health.
This oil is used in the Rice Bran Oil Market for a variety of purposes,
including making sauces, salad dressings, and frying chips. However, rice bran
oil costs more than other oils do. This element could hinder development.
Regional Insights-
Abundance Availability of Raw Materials to Help Asia Pacific Dominate
At present, Asia Pacific is at the forefront in terms of revenue because
of the availability of raw materials in abundance, especially in Vietnam,
China, Japan, and India. These countries are also considered to be the leading
producers of rice. Additionally, several reputed companies are trying to
compete in the region by slashing down prices of their products.
Europe, on the other hand, is projected to showcase significant growth
backed by the rising adoption of healthy snacking habits. Also, increasing
awareness of health and fitness and informed purchasing decisions of consumers
would aid growth. The World Health Organization (WHO), for instance, mentioned
that the population of this region often faces cholesterol-related health
issues, followed by North America. Therefore, people are shifting towards rice
bran oil for preparing food on a regular basis.
Competitive Landscape-
Key Players Focus on New Product Launches to Fulfill Unmet Consumer
Demand
Renowned manufacturers of edible oil across the globe are striving
persistently to keep up with the high demand from consumers in the Rice Bran
Oil Market. At the same time, they are trying to keep up with the manufacturing
standards provided by regulatory bodies. Below are the two latest industry
developments.
A list of prominent rice bran oil manufacturers present in the global
market:
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