Rice Bran Oil Market Exploring the Dynamics and Growth

 

Rice Bran Oil Market Overview:

The rice bran oil market is poised for steady growth, driven by rising health consciousness, increasing demand for natural and functional oils, and its versatility in various applications. This report delves into the intricacies of this market, covering its overview, key drivers and restraints, promising opportunities, prominent players, segmentation nuances, regional variations, and recent developments.

Rice bran oil, extracted from the outer layer of brown rice, is gaining traction as a healthy and flavorful cooking oil. Its mild taste, high smoke point, and nutrient profile rich in antioxidants, oryzanol, and vitamin E make it a preferred choice for health-conscious consumers. The global rice bran oil market size was valued at USD 7,116.27 Million in 2022 and is expected to reach USD 15,141.02 Million by 2031, growing at a CAGR of 9.0% during the forecast period.

Rice Bran Oil Market Drivers:

Rising Health Consciousness: Consumers are increasingly opting for healthy and natural ingredients, propelling the demand for rice bran oil. Its cholesterol-lowering properties, anti-inflammatory effects, and contribution to heart health further solidify its appeal.

Growing Demand for Functional Oils: The market is witnessing a surge in demand for functional oils with added health benefits. Rice bran oil's antioxidant and oryzanol content aligns perfectly with this trend, attracting health-conscious consumers.

Versatility in Applications: Rice bran oil's neutral taste and high smoke point make it suitable for various culinary applications, including frying, baking, and salad dressings. Its use in pharmaceuticals and cosmetics adds to its market potential.

Increasing Disposable Incomes: Rising disposable incomes, particularly in developing economies, fuel the demand for premium and healthy food products, including rice bran oil.

Rice Bran Oil Market Key Players:

Conagra Brands (USA)

Bunge Limited (USA)

Wilmar International Limited (Singapore)

Fuji Oil Holdings Co., Ltd. (Japan)

Cargill, Incorporated (USA)

KSK Oils Ltd. (India)

Riviana Foods Inc. (USA)

Rice Bran Oil Market Segmentation:

By Type: Crude rice bran oil and refined rice bran oil

By Application: Food, pharmaceuticals, cosmetics, and industrial

By Distribution Channel: Hypermarkets/supermarkets, convenience stores, online retailers, and traditional grocery stores

By Region: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa

Rice Bran Oil Market Regional Analysis:

Asia Pacific: Dominates the market due to high rice consumption and rising health consciousness. China, India, and Japan are key players in this region.

Europe: Shows steady growth due to increasing awareness about healthy fats and rising disposable incomes.

North America: Witnesses moderate growth due to established vegetable oil markets and competition from other healthy oils.

Latin America and the Middle East and Africa: Represent emerging markets with significant growth potential due to rising urbanization and growing awareness about healthy lifestyles.

Contact us:

Consegic Business intelligence Pvt Ltd.

Contact no: (US) (505) 715-4344

Email: sales@consegicbusinessintelligence.com

 

 

 

Comments

Post a Comment

Popular posts from this blog

Prepaid Card Market See Incredible Growth 2024-2030 with Scope, Value, Size, Share Trends Analysis

  Prepaid Card Market Overview: The Prepaid Card Market was USD 2,109.27 Billion in 2022 It is projected to reach USD 6,796.33 Billion by 2030, indicating a CAGR of 16.0% during the forecast period. The demand for contactless payments is surging, driven by convenience, speed, and hygiene concerns. Prepaid cards, perfectly positioned at the forefront of this revolution, offer a secure and accessible alternative to traditional cash and debit cards. The e-commerce juggernaut continues its relentless march, and prepaid cards are its loyal companions. They provide a secure payment option for online shoppers, particularly those without traditional bank accounts, unlocking the vast potential of the digital marketplace. Drivers: Cashless Craze: Consumers are ditching cash for its speed, convenience, and hygiene benefits. Prepaid cards offer a secure, contactless alternative, fueling market growth. E-commerce Explosion: The online shopping boom demands secure payment solutions for th
Read more

Liquid Packaging Carton Market Set to Surpass US$ 37.3 Billion by 2031, Fueled by a Robust CAGR

  Liquid Packaging Carton Market Overview: The liquid packaging carton market refers to the global industry involved in the manufacturing, distribution, and sale of cartons specifically designed for holding liquid products. These cartons are typically made from multi-layered paperboard, often with plastic or aluminium barriers for protection and shelf life. This market has witnessed steady growth in recent years, reaching an estimated value of USD 21,012.42 million in 2023 and projected to reach USD 31,327.76 million by 2031, at a CAGR of 5.1%. Liquid Packaging Carton Market Segmentation: By Material Type: Uncoated Paperboard, LDPE Coated, Aluminium, and Others By Carton Type: Brick Liquid Cartons, Shaped Liquid Cartons, and Gable Top Cartons By Application: Dairy Products, Non-Carbonated Soft Drinks, Alcoholic Drinks, and Others By Region: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa Liquid Packaging Carton Market Key Players: Elopa
Read more

Autoclaved Aerated Concrete (AAC) Market 2023 Comprehensive Review: Aercon AAC, Biltech Building Elements Limited, HIL Limited

Image
  Autoclaved Aerated Concrete (AAC) Market Overview: The Autoclaved Aerated Concrete (AAC) market has experienced significant growth in recent years. The market size is expected to reach 15,299.40 Million dollars by 2030, with a CAGR of 6.2% during the forecast period. The demand for sustainable construction materials, coupled with the emphasis on energy efficiency and green building practices, has been driving the Autoclaved Aerated Concrete (AAC) Growth market. Market Definition: Autoclaved Aerated Concrete (AAC) is a revolutionary building material that has gained significant popularity in the construction industry. With its unique combination of lightweight, strength, and thermal insulation properties, AAC offers numerous advantages over traditional concrete and other construction materials. Market Drivers: There is a growing awareness for sustainable construction materials that reduce the environmental impact of buildings. AAC, with its eco-friendly properties and ene
Read more