Global Rice Bran Oil Market Projected to Grow from USD 7.88 Billion in 2023 to USD 14.79 Billion by 2030, Achieving a CAGR of 9.4%
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Global Rice Bran Oil Market Expected to Reach USD 14.79 Billion by 2030, Growing at a CAGR of 9.4%
Summary:
The Global Rice Bran Oil Market, valued at USD 7.88 billion in 2023, is projected to reach USD 14.79 billion by 2030, expanding at a compound annual growth rate (CAGR) of 9.4%. This press release outlines the market dynamics, segmentation, and key players driving this growth.
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A) Market Size
The Global Rice Bran Oil Market has experienced significant growth, valued at USD 7.88 billion in 2023. Analysts forecast this upward trajectory, estimating the market will reach USD 14.79 billion by 2030, driven by increasing health awareness and demand for organic products.
B) Scope and Research Methodology
Maximize Market Research conducted an extensive study encompassing market trends, dynamics, and competitive landscapes. The research utilizes advanced analytical tools to gather data, ensuring a comprehensive understanding of the industry. Methodologies such as SWOT analysis, PESTLE analysis, and PORTER'S Five Forces framework were employed to identify potential risks and opportunities within the market.
C) Report Coverage
The Rice Bran Oil Industry Report provides an in-depth analysis of the market's size, forecast trends, market share, dynamics, opportunities, and challenges. The report is designed to present information in a user-friendly format, utilizing graphs, tables, and charts to enhance understanding.
D) Overview
Rice bran oil, extracted from the outer layer of rice grains, is gaining popularity due to its numerous health benefits, including high levels of antioxidants and vitamins. As consumers become more health-conscious, the demand for rice bran oil is expected to increase significantly in food, cosmetics, and pharmaceuticals.
E) Dynamics
Key factors influencing the growth of the Rice Bran Oil Market include:
- Health Benefits: The oil is rich in nutrients and is perceived as a healthier alternative to conventional cooking oils.
- Increasing Demand for Organic Products: A shift toward organic and natural ingredients in food and personal care products is propelling market growth.
- Emerging Applications: The growing use of rice bran oil in nutraceuticals and animal feed is expected to expand its market reach.
F) Segmentation
The market is segmented as follows:
- By Type:
- Organic
- Non-organic
- By Grade:
- Refined Grade (Edible Oil)
- Raw Grade 1 (Vanaspati & Refined Oil)
- Raw Grade 2 (Industrial)
- By Application:
- Food and Beverages
- Cosmetics
- Pharmaceuticals
- Personal Care
- Nutraceuticals
- Animal Feed
- Others
- By Sales Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Shops
- Others
G) Key Players Include
Prominent players in the Rice Bran Oil Market include:
- Adani Wilmar (Gujarat, India)
- Modi Naturals (New Delhi, India)
- Marico (Maharashtra, India)
- Conagra Foods (Chicago, U.S.)
- BCL Industries Limited (Punjab, India)
- King Rice Oil Group (Bangkok, Thailand)
- California Rice Oil Company (California, U.S.)
- Ricela Health Foods Ltd. (Punjab, India)
- Sethia Oils Ltd. (India)
- A.P. Refinery Pvt. Ltd. (India)
H) Key Offerings
Maximize Market Research’s report includes:
- Market Share, Size, and Forecast by Revenue (2024-2030)
- Dynamics: Growth drivers, Restraints, Investment Opportunities, and key trends
- Detailed analysis by Rice Bran Oil Segmentation
- Competitive landscape analysis of leading and emerging players
I) Table of Contents:
- Executive Summary
- Market Introduction
- Research Methodology
- Market Dynamics
- Market Segmentation
- Regional Analysis
- Competitive Landscape
- Key Offerings
- Conclusion
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About Us:
Maximize Market Research is a leading market research and consulting firm dedicated to helping businesses achieve growth through actionable insights. With expertise across various sectors, we provide extensive market research reports that empower our clients to make informed strategic decisions.
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