Global Rice Bran Oil Market to Reach USD 14.79 Billion by 2030, Growing at a CAGR of 9.4%
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Global Rice Bran Oil Market Set to Reach USD 14.79 Billion by 2030, Growing at a CAGR of 9.4%
Summary:
The Global Rice Bran Oil Market is forecasted to grow significantly, with an estimated valuation of USD 14.79 billion by 2030, marking a 9.4% compound annual growth rate (CAGR) from 2023. This growth is driven by the rising demand for healthy cooking oils, the popularity of organic products, and increasing consumer awareness regarding the health benefits of rice bran oil. Key players in the market include Adani Wilmar, Marico, and Conagra Foods, among others.
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Market Size:
The global Rice Bran Oil Market was valued at USD 7.88 billion in 2023 and is projected to nearly double by 2030, reaching USD 14.79 billion. The market's growth is fueled by the increasing consumer shift towards health-conscious choices and the rising preference for organic and refined rice bran oil. With a compound annual growth rate (CAGR) of 9.4%, the market is set to see continued expansion in the coming years.
Scope and Research Methodology:
This report provides a comprehensive analysis of the global Rice Bran Oil Market, focusing on the key factors influencing market growth such as health trends, organic demand, and regional production shifts. The research methodology involved a detailed review of historical data (2017-2022) along with future market projections (2024-2030), backed by primary and secondary research, as well as interviews with key industry players.
Report Coverage:
The report covers in-depth information about the market dynamics, competitive landscape, and segment-wise performance. It offers valuable insights into growth drivers, opportunities, and challenges, and highlights the contribution of key regions like North America, Europe, Asia-Pacific, and the Middle East & Africa.
Overview:
Rice bran oil is widely recognized for its health benefits, including its high antioxidant content, heart-healthy properties, and suitability for high-temperature cooking. The growing preference for healthy oils in cooking and the increasing use of rice bran oil in the cosmetics and pharmaceuticals industries have contributed to the market's robust growth.
Dynamics:
Key factors driving the growth of the Rice Bran Oil market include:
- Health Benefits: Rich in antioxidants, essential fatty acids, and vitamin E, rice bran oil is becoming increasingly popular among health-conscious consumers.
- Rising Demand for Organic Products: Organic rice bran oil is gaining traction due to its natural properties and eco-friendly production methods.
- Application in Various Industries: Apart from its use in food and beverages, rice bran oil is finding applications in cosmetics, personal care, and nutraceuticals.
Segmentation:
The market is segmented based on product type, grade, application, and sales channel:
- By Type: Organic, Non-organic
- By Grade: Refined, Raw Grade 1 (Vanaspati & Refined Oil), Raw Grade 2 (Industrial)
- By Application: Food & Beverages, Cosmetics, Pharmaceuticals, Personal Care, Nutraceutical, Animal Feed, Others
- By Sales Channel: Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, Online Shops, Others
Key Players Include:
- Adani Wilmar (India)
- Modi Naturals (India)
- Marico (India)
- Conagra Foods (U.S.)
- BCL Industries (India)
- King Rice Oil Group (Thailand)
- California Rice Oil Company (U.S.)
- Ricela Health Foods Ltd. (India)
- Sethia Oils Ltd. (India)
- A.P. Refinery Pvt. Ltd. (India)
Reason to Buy:
- Market Insights: Gain a thorough understanding of market trends, competitive dynamics, and emerging opportunities.
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- Regional Analysis: Understand the regional market dynamics to navigate geographical variations in demand and competition.
Table of Contents:
- Introduction
- Executive Summary
- Market Overview
- Market Dynamics
- Market Segmentation
- Competitive Landscape
- Regional Insights
- COVID-19 Impact Analysis
- Key Players Profiles
- Market Forecast (2024-2030)
- Conclusion
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