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Market Overview:
The global rice
bran oil market size was USD 7.86 billion in 2023 and is projected to grow
from USD 8.55 billion in 2024 to USD 18.35 billion by 2032 at a CAGR of 10.02%
during the forecast period (2024-2032).
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,
2024-2032.” 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-
Key Drivers Fueling Growth in the Rice Bran Oil Market:
Growing health consciousness: The increasing awareness of rice bran
oil's health benefits, such as its high nutritional value, antioxidant
properties, and ability to lower cholesterol levels, is driving demand for the
product.
Rising use in personal care and
pharmaceutical industries: Rice bran oil contains oryzanol, which promotes hair growth, protects
skin from UV rays, and prevents aging. This has increased its use as an
important component in cosmetics and pharmaceutical industries for products
like soaps, moisturizers, lotions, and hair care.
Increasing global rice production: Countries like China, India, and
Indonesia are major producers of milled rice, contributing to high production
and demand for rice bran oil.
Government initiatives: Governments around the world are
taking measures to meet the supply and demand for edible oils, such as lifting
quantitative restrictions on organic edible oils, further boosting the rice
bran oil market.
Rapid urbanization, rising disposable
incomes and changing lifestyles: These factors, combined with aggressive marketing by manufacturers, are
increasing penetration of rice bran oil in both developed and emerging markets.
In summary, the growing health consciousness among consumers, increasing
applications in personal care and pharmaceuticals, rising global rice
production, supportive government policies, and changing lifestyles are the key
factors driving the growth of the rice bran oil market worldwide.
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 7.86 billion in 2023 and is projected to grow
from USD 8.55 billion in 2024 to USD 18.35 billion by 2032 at a CAGR of 10.02%
during the forecast period (2024-2032).
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,
2024-2032.” 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-
Key Drivers Fueling Growth in the Rice Bran Oil Market:
Growing health consciousness: The increasing awareness of rice bran
oil's health benefits, such as its high nutritional value, antioxidant
properties, and ability to lower cholesterol levels, is driving demand for the
product.
Rising use in personal care and
pharmaceutical industries: Rice bran oil contains oryzanol, which promotes hair growth, protects
skin from UV rays, and prevents aging. This has increased its use as an
important component in cosmetics and pharmaceutical industries for products
like soaps, moisturizers, lotions, and hair care.
Increasing global rice production: Countries like China, India, and
Indonesia are major producers of milled rice, contributing to high production
and demand for rice bran oil.
Government initiatives: Governments around the world are
taking measures to meet the supply and demand for edible oils, such as lifting
quantitative restrictions on organic edible oils, further boosting the rice
bran oil market.
Rapid urbanization, rising disposable
incomes and changing lifestyles: These factors, combined with aggressive marketing by manufacturers, are
increasing penetration of rice bran oil in both developed and emerging markets.
In summary, the growing health consciousness among consumers, increasing
applications in personal care and pharmaceuticals, rising global rice
production, supportive government policies, and changing lifestyles are the key
factors driving the growth of the rice bran oil market worldwide.
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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