Rice Bran Oil Market is going to reach USD 1356 million by 2022

January 18 20:06 2019

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Multiple companies that operate in the rice bran oil market can increase its share through collaboration with rice bran suppliers, backward integration and offering organic and gluten-free products in the market.

Rice bran oil is considered to be one of the healthier edible oils that is obtained from rice. Relatively new, the oil is known to have a good amount of antioxidant property that has attracted the health-conscious crowd on a global level to experiment with it. Apart from this, its use in the pharma and cosmetic industry is also growing because of their varied benefits. Despite poor promotions, the market is expected to grow with the increasing collaborations.

Rice Bran Oil Market Size and Growth Rate:

Rice Bran Oil Market was valued at USD 1160 million in 2017 and projected to reach USD 1356 million by 2022 growing at a CAGR of 2.78% during the forecast period 2017 to 2022.

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Rice Bran Oil Market Growth Drivers and Restraints:

Some of the other growth encouraging factors include numerous application areas, aggressive promotional campaigns by manufacturers and penetration in both developed and emerging markets. Overall, the major drivers for the rice bran oil market is its benefits including antioxidant properties, low cholesterol and relief in menopause, which is fuelling its growth in the market.

Multiple companies that operate in the rice bran oil market can increase its share through collaboration with rice bran suppliers, backward integration and offering organic and gluten-free products in the market.

Geographical Overview of Rice Bran Oil Market:

Asia-Pacific accounts for a relatively high-volume share and is expected to grow at a significant rate in global market, because of the easy availability of raw material across different regions, particularly in India.  

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Key Players of Rice Bran Oil Market:

Some of the leading market players of Rice Bran Oil Market are Ricela, Kamal, BCL, SVROil, Vaighai, A.P. Refinery, 3F Industries, Sethia Oils, Jain Group of Industries, Shivangi Oils, Balgopal Food Products and more.

Rice Bran Oil Market Segmentation:

By Product:

  • Extraction
  • Squeezing

By Industry:

  • Food
  • Cosmetic
  • Industrial

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

 

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