Europe Rice Bran Oil Market Report and Forecast 2024-2032

Europe Rice Bran Oil Market Outlook

The Europe rice bran oil market size reached approximately 390.13 KMT in 2023. The market is projected to grow at a CAGR of 2.8% between 2024 and 2032, reaching around USD 499.21 KMT by 2032.

Key Trends in the Market

Rice bran is a plant-derived protein that is one of the main by-products of rice (Oryza sativa), obtained during the process of milling when the brown outer layer is separated. It possesses remarkable versatility and holds significant potential as an ingredient for crafting functional and nutritionally enriched food products. Rice bran contains the bran, germ, and aleurone layers of the rice grain. Rice bran oil is one of the main products of rice bran and has gained substantial popularity around the world.

• The increased demand for foods that offer functional and nutritional benefits is one of the primary factors propelling the Europe rice bran oil market growth. In recent years, there has been a growing emphasis on health and wellness among European consumers. Rice bran, with its rich content of antioxidants and essential nutrients, aligns well with this trend.

• The rising demand for cosmetic products made with organic ingredients is expected to support the Europe rice bran oil market demand. Rice bran oil has an abundance of vitamin E, vitamin B, and other beneficial nutrients, which help in keeping the skin rejuvenated. Owing to the growing demand for cosmetics with functional benefits, many manufacturers are introducing rice bran oil-based cosmetics and personal care products.

• Owing to technological advancements in processing, rice bran oil extraction has been significantly improving. These advanced methods help keep all the good nutrients in rice bran safe while allowing the extraction of useful compounds that can provide nutritional benefits. Moreover, one of the key Europe rice bran oil market trends include increasing innovations by key players to maintain the nutritional value of the product.

Market Analysis

Based on type, the market is segmented into refined and non-refined. The Europe rice bran oil market segmentation, on the basis of by-products, includes ferulic acid, and gamma oryzanol, among others. The market division, based on distribution channel, includes supermarkets and hypermarkets, convenience stores, and online, among others.

Based on application, the market is categorised into food and beverages, cosmetics and personal care, and pharmaceuticals, among others. The major countries of rice bran in Europe are the United Kingdom, Germany, France, and Italy, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Europe rice bran oil market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• Cargill Inc.

• Ricela Group of Companies

• King Rice Oil Group

• Wilmar International Group

• Emami Agrotech Limited

• Gustav Heess Oleochemische Erzeugnisse GmbH

• Sethia Hemraj Rice Oil Company

• Vaigai Agro Products Limited

• Calofic Corporation

• BCL Industries Limited

• Others

Market Share by Type

According to the Europe rice bran oil market analysis, refined oils are expected to show substantial growth during the forecast period. Refined rice bran oils are considered to be one of the healthiest cooking oil options in the world due to their nutritional composition, supporting healthy cholesterol levels and heart health. Moreover, this oil is comprised of vitamin E and gamma-oryzanol which have antioxidant properties. Gamma-oryzanol’s antioxidant properties are extremely effective against cancer.

Market Share by Application

Food and beverages represent a significant portion of the Europe rice bran oil market share. The health benefits associated with rice bran oil have proven it to be one of the healthiest edible oils. The demand for healthy cooking ingredients is surging owing to the growing base of health-conscious consumers, thus aiding the segment’s growth.

In addition to the health benefits, this oil has a mild taste in comparison to other common edible oils and does not affect the taste of the prepared dish, which further propels the popularity of the product in food and beverage applications.

Competitive Landscape

Cargill Inc. is one of the world’s largest food and beverage manufacturing companies. Its major operation involves the production of grains and oilseeds. Operating in the field since 1865, the company has cultivated its expertise in food ingredients, agriculture, risk management, and commodity trading and processing.

Ricela Group of Companies is one of the world’s largest producers and India’s highest exporter of rice bran oil. It utilises a “physical refining” process to preserve the nutrients of the oil during the refining process. The company was founded in the year 1992 and has established a world-class research and development facility which is approved by the Government of India.

King Rice Oil Group is the leading producer of rice bran oil and other rice bran-related products, based in Thailand. The company began its operations in 1977 with its name as “Thai Edible Oil Co., Ltd.”. Currently, the group has expanded its business into three major companies, including Thai Edible Oil Co., Ltd., Thai Ruam Jai Vegetable Oil Co., Ltd., and Thai Ruam Jai Korat Co., Ltd.

Other Europe rice bran oil market players include Wilmar International Group, Emami Agrotech Limited, Gustav Heess Oleochemische Erzeugnisse GmbH, Sethia Hemraj Rice Oil Company, Vaigai Agro Products Limited, Calofic Corporation, and BCL Industries Limited, among others.

Key Highlights of the Report