Rice Bran Oil Market Outlook
Rice bran oil represents an edible vegetable oil derived from the outer brown layer of rice. It is available in refined and unrefined categories and is characterized by a neutral taste and mild flavor. Rice bran oil products are a rich source of antioxidants, vitamin E, and natural bioactive phytoceuticals, including oryzanol, lecithin, tocopherols, tocotrienols, etc.
The global rice bran oil market reached a volume of 1.8 Million Tons in 2020. Looking forward, IMARC Group expects the market to reach a volume of 2.01 Million Tons by 2026.
They are light in texture, exceptionally versatile, offer delicate flavors, are suitable for high-temperature cooking, and can easily be blended with other less stable oils. Rice bran oil variants help lower the risk of cancer, minimize cholesterol levels, and improve immunity and the nervous system. Consequently, they are in extensive demand among consumers across the globe.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Rice Bran Oil Market Trends:
The shifting preferences toward food and beverages with low-fat content and high nutritional value are primarily driving the rice bran oil market. In addition to this, the expanding product usage in several restaurants to prepare items of various cuisines that require high heating temperatures, on account of the higher smoke point of the oil, is acting as another significant growth-inducing factor.
In line with this, the elevating need for the oil from the personal care and cosmetic industry to manufacture numerous soaps, moisturizers, shampoos, lotions, etc., to prevent aging, control skin damage from ultra-violet rays and stimulate hair growth is further stimulating the market growth.
Moreover, the inflating investments by leading manufacturers on aggressive promotional activities to create brand and product awareness and the increasing product availability through multiple online retail platforms are expected to propel the rice bran oil market over the forecasted period. Looking forward, IMARC Group expects the rice bran oil market to reach a volume of 2.01 million Tons by 2026.
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In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Key Market Segmentation:
Our report has categorized the market based on end-use, and regional insights.
Market Breakup by End Use:
- Edible
- Industrial
Regional Insights:
- India
- China
- Japan
- Others
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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