Global Rice Bran Oil Market, By Application (Pharmaceuticals, Food and Beverages, Personal Care, Cosmetics), End-user (Industrial and Edible), Sales Channel (Supermarkets and Hypermarkets, Convenience Stores and Specialty Stores) – Industry Trends and Forecast to 2029.
Rice Bran Oil Market Analysis and Size
Due to its potential health benefits, rice bran oil has recently gained popularity among consumers. Rice bran oil contains healthy fats as well as a variety of other nutrients that are essential for human health. Rice bran oil also promotes healthy blood sugar levels by reducing insulin resistance, a risk factor for type 2 diabetes.
Data Bridge Market Research analyses that rice bran oil market was valued at USD 4.98 billion in 2021 and is expected to reach the value of USD 8.69 billion by 2029, at a CAGR of 7.21% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Rice Bran Oil Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Pharmaceuticals, Food and Beverages, Personal Care, Cosmetics), End-user (Industrial and Edible), Sales Channel (Supermarkets and Hypermarkets, Convenience Stores and Specialty Stores)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Dow (U.S.), BASF SE (Germany), Chr. Hansen Holding A/S (Denmark), DSM (Netherlands), DuPont (U.S.), Evonik Industries AG (Germany), NOVUS INTERNATIONAL (U.S.), Alltech (U.S.), Associated British Foods plc (U.K.), Charoen Pokphand Foods PCL (Thailand), Cargill, Incorporated (U.S.), Nutreco (Netherlands), ForFarmers. (Netherlands), De Heus Animal Nutrition (Netherlands), Land O'Lakes (U.S.), Kent Nutrition Group (U.S.), J. D. HEISKELL & CO. (U.S.), Perdue Farms (U.S.), SunOpta (Canada), Scratch and Peck Feeds (U.S.), De Heus Animal Nutrition (Netherlands), MEGAMIX (Russia), Agrofeed (Hungary)
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Opportunities
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Market Definition
Rice bran oil is a type of edible vegetable oil derived from the outer brown layer of rice. It is high in vitamin E, antioxidants, and natural bioactive phytoceuticals such as oryzanol, tocopherols, tocotrienols, and lecithin, and has a mild flavour and neutral taste. It is extremely versatile and light in texture, with delicate flavours that are suitable for high-temperature cooking and can be easily blended with other less stable oils.
Global Rice Bran Oil Market Dynamics
Drivers
- The health benefits associated with consumption of rice bran oil
Rising awareness of rice bran oil's numerous health benefits has increased its consumption. This, combined with the high demand for low-fat and high-nutritional-content foods and beverages, is fuelling market growth. Furthermore, the World Health Organization (WHO) and the American Heart Association have approved the use of rice bran oil, claiming that its monounsaturated, polyunsaturated, and saturated fats composition is much safer than that of most other vegetable oils.
- Rice bran as an important component in personal care and pharma industries
Rice bran oil contains oryzanol, which promotes hair growth, protects the skin from U.V. rays, and prevents ageing, it has become an important component in the cosmetics and pharmaceutical industries for the production of soaps, moisturisers, lotions, and hair care products. Other key factors driving market growth include rapid urbanisation, rising disposable incomes, changing lifestyles, aggressive marketing by manufacturers, and increased penetration in both developed and emerging markets.
Opportunity
The increased emphasis on precision nutrition may provide an opportunity to accelerate market growth. Other factors that are expected to drive the growth of the rice bran oil market in the future include advancements in rice brain oil production technology by oil producers.
Restraints
The decreasing volume of planting rates, combined with the increasing duration of new plant biotechnology traits, will likely act as market restraints for the growth of the rice bran oil markets during the forecast period. Changing weather patterns, combined with government regulations, will be the most significant and immediate challenges to market growth.
This rice bran oil market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the rice bran oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact Rice Bran Oil Market
The COVID-19 pandemic caused market turbulence but had little impact on the edible oil market. This, in turn, had no effect on the rice bran oil market. The market expanded as demand for food and beverages, including edible oils, increased. Furthermore, various studies have shown that the demand for organic edible oils such as rice bran oils increased during the pandemic due to increased awareness of the benefits of rice bran oil.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2021, Gemini Edibles & Fats India Ltd launched a new 5-liter jar of physically refined rice bran oil in India under the existing brand Freedom. The company uses various advertising techniques to inform people about the benefits of rice bran oil.
- In 2021, Trupti, a new rice bran oil from N.K. Proteins, was introduced. The brand was first introduced in Gujarat, India.
- In 2021, TSUNO, a Japanese company, launched premium rice bran oil, Expeller Pressed Rice Bran Oil, prepared through a natural manufacturing process.
Global Rice Bran Oil Market Scope
Rice bran oil market is segmented on the basis of end user, sales channel and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Sales Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
End user
- Industrial
- Edible
Application
- Pharmaceuticals
- Food and Beverages
- Personal Care
- Cosmetics
Rice Bran Oil Market Regional Analysis/Insights
Rice bran oil market is analysed and market size insights and trends are provided by country, end user, sales channel and application as referenced above.
The countries covered in the rice bran oil market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The United States dominates the North American rice bran oil market due to the growth of the agriculture industry and the prevalence of major grain producing companies, whereas China is expected to grow at the fastest rate in the Asia-Pacific rice bran oil market due to the region's growing number of technological advancements.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Rice Bran Oil Market Share Analysis
Rice bran oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to rice bran oil market.
Some of the major players operating in rice bran oil market are:
- Cargill, Incorporated (U.S.)
- Dow (U.S.)
- BASF SE (Germany)
- Chr. Hansen Holding A/S (Denmark)
- DSM (Netherlands)
- DuPont (U.S.)
- Evonik Industries AG (Germany)
- NOVUS INTERNATIONAL (U.S.)
- Alltech (U.S.)
- Associated British Foods plc (U.K.)
- Charoen Pokphand Foods PCL (Thailand)
- Nutreco (Netherlands)
- ForFarmers. (Netherlands)
- De Heus Animal Nutrition (Netherlands)
- Land O'Lakes (U.S.)
- Kent Nutrition Group (U.S.)
- J. D. HEISKELL & CO. (U.S.)
- Perdue Farms (U.S.)
- SunOpta (Canada)
- Scratch Peck Feeds (U.S.)
- De Heus Animal Nutrition (Netherlands)
- MEGAMIX (Russia)
- Agrofeed (Hungary)
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