South Korea Rice Bran Oil Market Size, Share, Analysis, Forecast 2034

South Korea Rice Bran Oil Market Outlook

The South Korea rice bran oil market reached a volume of more than 86.07 KMT in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 2.1% from 2025 to 2034. By 2034, the market is expected to reach a value of approximately 101.60 KMT. Rice bran oil, extracted from the outer layer of rice, is gaining recognition for its health benefits, such as being rich in antioxidants, vitamins, and healthy fats. It is increasingly being used in a variety of applications, including food processing, pharmaceuticals, and cosmetics.

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South Korea, a country known for its innovative food industry and robust demand for healthier cooking oils, is seeing a surge in consumer interest in rice bran oil. The growing preference for non-chemical oils and oils with beneficial health properties is contributing to the market's positive outlook. Additionally, advancements in extraction technologies and growing awareness of the health benefits of rice bran oil are expected to further accelerate the market's growth.

South Korea Rice Bran Oil Market Trends

Several key trends are driving the South Korean rice bran oil market:

Health-Conscious Consumers: South Korean consumers are becoming more health-conscious, leading to a growing demand for oils that offer health benefits. Rice bran oil is rich in oryzanol, which helps reduce cholesterol levels, and is also high in antioxidants and vitamin E. As people become more aware of these health benefits, they are increasingly turning to rice bran oil as a healthier cooking option.

Rise in Demand for Non-Refined Oils: There is a growing preference for non-refined oils, as they are perceived to retain more of their natural nutrients. Non-refined rice bran oil, which is less processed, has gained popularity in the South Korean market as it is considered a more natural and nutritious choice compared to refined oils. This shift towards less processed, nutrient-rich oils is a key trend in the market.

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Expansion in Food Processing Industry: The demand for rice bran oil in food processing is increasing, driven by its versatility and stability in cooking. Rice bran oil is preferred in food preparation for its mild flavor, high smoke point, and ability to retain its nutritional properties at high temperatures. Its use in both domestic and commercial food processing applications is boosting the market growth.

Increasing Use in Cosmetics and Pharmaceuticals: Beyond its culinary uses, rice bran oil is also gaining popularity in the pharmaceutical and cosmetics industries due to its moisturizing properties. Rice bran oil is used in various skincare products and is known for its ability to improve skin elasticity, reduce wrinkles, and promote a healthy complexion. Its medicinal properties, including anti-inflammatory effects, are driving its use in pharmaceuticals as well.

Sustainability and Ethical Sourcing: As consumers increasingly value sustainability and ethical sourcing in the products they purchase, rice bran oil producers are focusing on environmentally friendly production practices. This includes sustainable farming methods for rice cultivation and eco-friendly packaging. Consumers are more likely to choose rice bran oil brands that prioritize sustainability and contribute to environmental well-being.

Technological Advancements in Oil Extraction: Advancements in extraction technologies, such as cold-pressing and solvent-free methods, are improving the efficiency and quality of rice bran oil production. These technologies help preserve the natural nutrients in the oil and reduce the reliance on chemicals, contributing to the growing consumer preference for non-refined oils.

South Korea Rice Bran Oil Market Growth

The South Korea rice bran oil market is expected to grow steadily over the forecast period due to several factors:

Increasing Demand for Healthier Cooking Oils: With growing concerns about heart health and lifestyle diseases, consumers in South Korea are increasingly choosing oils with health benefits. Rice bran oil, being high in monounsaturated fats and antioxidants, is being recognized as a healthier alternative to traditional cooking oils, driving its adoption in homes and restaurants.

Government and Industry Support: The South Korean government is focusing on promoting healthier eating habits and reducing the consumption of unhealthy oils. The growing awareness of the importance of balanced diets and healthy cooking oils is likely to result in increased demand for rice bran oil. Additionally, the government's efforts to boost the food processing industry and agricultural innovation are expected to support the growth of the rice bran oil market.

Expanding Application in Pharmaceuticals and Cosmetics: The growing use of rice bran oil in the pharmaceutical and cosmetics industries is opening new revenue streams for the market. Its popularity in skincare products, such as moisturizers, sunscreens, and anti-aging creams, is expanding its application base. Pharmaceutical companies are also exploring rice bran oil for its potential therapeutic benefits, such as its anti-inflammatory and antioxidant properties.

Rising Popularity of Plant-Based Products: With a rising trend toward plant-based diets, consumers are increasingly looking for natural and plant-derived oils. Rice bran oil, which is plant-based and rich in healthy fats, is well-positioned to benefit from this shift toward plant-based food products. Its use in plant-based cooking, along with its health benefits, is expected to support market growth.

Shift Toward Sustainable Agriculture: The focus on sustainability in agriculture is likely to drive the market for rice bran oil. Sustainable rice farming practices, including organic cultivation, are gaining traction in South Korea. As consumers seek products with minimal environmental impact, sustainably sourced rice bran oil is expected to gain popularity.

South Korea Rice Bran Oil Market Segmentation

The South Korea rice bran oil market can be segmented based on type, application, end-use, and region. These segments help identify specific trends, opportunities, and growth areas within the market.

Breakup by Type

Refined: Refined rice bran oil is produced through a refining process that removes impurities, making it suitable for high-temperature cooking. It is the most commonly used form of rice bran oil due to its stability and mild flavor. Refined rice bran oil is primarily used in food processing, as well as in cosmetics and pharmaceuticals.

Non-Refined: Non-refined rice bran oil is produced without the use of chemicals, preserving more of its natural nutrients. It is gaining popularity due to its health benefits, such as higher levels of antioxidants, vitamins, and essential fatty acids. Non-refined rice bran oil is preferred by health-conscious consumers and is often used in raw or lightly heated preparations.

Breakup by Application

Food Processing: Rice bran oil is widely used in food processing due to its mild flavor, high smoke point, and nutritional benefits. It is commonly used in frying, sautéing, and baking, as well as in salad dressings and sauces. The food processing sector is the largest consumer of rice bran oil, driving its market growth.

Pharmaceuticals: Rice bran oil is used in the pharmaceutical industry for its anti-inflammatory and antioxidant properties. It is included in various medicinal formulations, including topical creams and ointments, to treat skin conditions such as eczema and acne. The growing demand for natural and organic skincare products is boosting the use of rice bran oil in the pharmaceutical sector.

Cosmetics: Rice bran oil is widely used in cosmetics for its moisturizing and anti-aging properties. It is included in a variety of skincare products, including lotions, creams, and serums, due to its ability to nourish and hydrate the skin. The demand for natural and organic ingredients in beauty products is contributing to the growth of rice bran oil in the cosmetics market.

Others: Other applications of rice bran oil include its use in animal feed, biodiesel production, and industrial lubricants. While these applications are smaller in comparison to food processing and cosmetics, they still contribute to the overall market demand.

Breakup by End-Use

Industrial: Rice bran oil is used in industrial applications such as lubricants and biodiesel production. Its high stability at high temperatures makes it suitable for various industrial processes. The growing interest in biofuels and sustainable energy sources is expected to boost the industrial use of rice bran oil.

Edible: The edible segment, which includes rice bran oil used for cooking and food preparation, dominates the market. Its health benefits and versatility in cooking make it a preferred choice for consumers who prioritize healthy eating. The increasing demand for healthier oils is supporting the growth of this segment.

South Korea Rice Bran Oil Market Key Players

The South Korea rice bran oil market is highly competitive, with several key players dominating the market:

Cargill Incorporated: A major global player in the agricultural and food sectors, Cargill offers a wide range of rice bran oil products. The company is known for its high-quality oils and its commitment to sustainable sourcing.

Ricela Health Foods: Ricela Health Foods is a leading producer of rice bran oil in South Korea, offering both refined and non-refined varieties of the oil. The company is known for its high-quality, health-focused products.

King Rice Oil Group: The King Rice Oil Group is another significant player in the South Korean rice bran oil market, offering both edible and industrial-grade oils to cater to different consumer needs.

These companies, along with other local and international players, continue to innovate and expand their offerings, ensuring the continued growth of the rice bran oil market in South Korea.

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