Global Rice Bran Oil Market Report and Forecast 2024-2032

Global Rice Bran Oil Market Outlook

The global rice bran oil market reached a volume of 1.69 million tons in 2023. The market is expected to further grow at a CAGR of 2.4% in the forecast period of 2024-2032 to attain a volume of 2.08 million tons by 2032.

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The industry is currently being driven by increasing demand of rice bran oil in food preparation and as a nutritional supplement. It is also high in demand in the cosmetics and personal care products as a special ingredient. This report by Expert Market Research entitled “Rice Bran Oil Market Report and Forecast 2024-2032” provides a comprehensive analysis for anyone who plans to foray into the industry.

Historical market trends for the rice bran oil industry have been provided from 2018-2023 and forecasts have been presented till 2032. The value chain analysis of rice bran oil has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the industry based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the rice bran oil industry has also been provided. 

This report provides an exhaustive insight for setting-up and running a rice bran oil manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been  comprehensively covered in this report.

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Market Segmentation

Extracted from the outer brown layer of rice, rice bran oil is an edible vegetable oil containing 15-20% of oil by weight. Its three major constituents- tocotrienols, gamma-oryzanol and tocopherols have potential significance in human health and diet and are strongly recommended by the American Heart Association and the WHO. The high nutraceutical components present in it performs the function of antioxidants and have multiple health benefits like cholesterol lowering, improving nervous system, reducing cancer risk, increasing immunity, and removing gastro intestinal disorders.

The end-uses of the product can be divided into the following:

• Edible
• Industrial

The major regions for the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Market Analysis

Rice bran oil's growing recognition of the various health benefits has enhanced its use. At the same time as the growing demand for low-fat and high-alimentation foods and drinks increases market growth. In addition, the World Health Organization (WHO) and the American Heart Association have endorsed the use of rice bran oil, which says its monosaturated fat content is much healthier than that of most other vegetable oils and is polyunsaturated as well as saturated. This oil includes the use of the essential ingredient in cosmetics and pharmaceuticals industries to produce soap, moisturizer, lotion, and hair-care products, as it promotes the growth of hair, protects the skin from UV rays as well as prevents aging. Speedy urbanization, inflating the availabilities, changing lifestyles, aggressive promotions by producers and rising penetration in both developed and emerging markets are other important factors adding to growth.

Competitive Landscape

The report analyses the following key players in the global rice bran oil market, looking into their capacity, competitive landscape, and latest developments like mergers and acquisitions, expansions of capacity, and plant turnarounds:

• Ricela Health Foods Ltd
• DELEKANG 
• Gustav Heess GmbH
• Kasisuri Co., Ltd.
• Others

In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.

Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.

Key Highlights of the Report