Rice Bran Oil Market Size & Growth Analysis Report 2024 To 2032

Summary:

• The global rice bran oil market size reached 1.8 million Tons in 2023.

• The market is expected to reach 2.1 million Tons by 2032, exhibiting a growth rate (CAGR) of 1.7% during 2024-2032.

• India leads the market, accounting for the largest rice bran oil market share due to its vast rice production and availability of raw materials.

• Edible accounts for most of the market share in the end use segment due to its widespread use in cooking.

• The rising awareness about the health benefits of rice bran oil is a primary driver of the rice bran oil market.

• The significant growth in the food industry is further reshaping the rice bran oil market.

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Industry Trends and Drivers:

• Health Benefits:

Rice bran oil is rich in antioxidants like oryzanol, tocopherols, and tocotrienols, which help reduce cholesterol levels and protect against heart disease. Oryzanol has been shown to lower LDL (bad) cholesterol while maintaining HDL (good) cholesterol, making it a heart-healthy option.

In addition to these benefits, rice bran oil contains vitamin E, which supports skin health, boosts the immune system, and provides anti-inflammatory properties. The oil's balanced fatty acid profile, consisting of both monounsaturated and polyunsaturated fats, further promotes cardiovascular health.

This balance makes it appealing to consumers who are conscious of the types of fats they consume, as it helps lower the risk of cardiovascular diseases. With heart disease being a leading cause of death globally, more people are shifting toward healthier dietary options, including healthier cooking oils. Rice bran oil also has a high smoke point, which ensures that it retains its nutritional value even when used in high-temperature cooking methods like frying.

• Increasing Awareness:

The growing consumer awareness of the nutritional advantages of rice bran oil is another significant factor driving its market growth. With the surge of health-conscious populations globally, many are becoming more discerning about the types of cooking oils they use. Consumers are increasingly educated on the negative effects of trans fats and unhealthy saturated fats found in some traditional cooking oils, leading to a preference for alternatives like rice bran oil. Its reputation as a heart-healthy oil, free of trans fats, aligns well with the dietary preferences of consumers who are prioritizing heart health and overall wellness.

Furthermore, the rise of digital media and online health communities has accelerated the spread of information about the benefits of rice bran oil. Health experts, dieticians, and influencers frequently endorse it in their content, encouraging their followers to switch to healthier oils.

• Expanding Food Industry:

The expanding global food industry, particularly in the processed and snack food sectors, is another significant driver for the rice bran oil market. As demand for processed foods continues to rise, especially in emerging markets, manufacturers are seeking healthier alternatives to traditional cooking oils.

Rice bran oil's high smoke point and neutral taste make it ideal for various food processing applications. It can be used in frying, baking, and sautéing without altering the flavor of food products, making it a popular choice for both manufacturers and consumers. The oil's ability to retain its nutritional value even after being subjected to high cooking temperatures ensures that food products remain healthier, which is increasingly important to consumers looking for healthier snacks and ready-made meals.

Additionally, the growth of the fast-food industry has led to increased use of rice bran oil in restaurant kitchens.

Rice Bran Oil Market Report Segmentation:

Breakup By End Use:
• Edible
• Industrial
Edible accounts for most shares due to its widespread use in cooking and growing consumer awareness of its health benefits.

Breakup By Region:
• India
• China
• Japan
• Others
India holds the leading position owing to its vast rice production, availability of raw materials, and increasing demand for heart-healthy oils among health-conscious consumers.

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Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis

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This release was published on openPR.