Rice Bran Oil Market (2023-2031)
Introduction
Rice bran oil (RBO) is a high-quality vegetable oil extracted from the outer layer of rice grains, known as rice bran. It is widely recognized for its nutritional benefits, including a rich composition of antioxidants, vitamin E, and essential fatty acids. Due to its light texture, high smoke point, and balanced fatty acid profile, rice bran oil has gained popularity as a healthy cooking oil alternative.
The global rice bran oil market is experiencing steady growth, driven by increasing consumer awareness of health benefits, rising demand for functional food ingredients, and expanding applications in industries such as food & beverages, cosmetics, pharmaceuticals, and animal feed. Governments in key rice-producing countries are also promoting rice bran oil production to maximize the value of byproducts from rice milling.
Rice Bran Oil Market Size
Consegic Business Intelligence analyzes that the rice bran oil market size is growing with a CAGR of 9.0% during the forecast period (2023-2031), and the market is projected to be valued at USD 15,141.02 Million by 2031 and USD 7,616.56 Million in 2023 from USD 7,116.27 Million in 2022.
Rice Bran Oil Market Scope & Overview (2023-2031)
The rice bran oil market encompasses the production, distribution, and consumption of oil extracted from the outer layer of rice grains. It includes various forms such as refined, crude, and blended variants, catering to industries like food & beverages, pharmaceuticals, cosmetics, and animal feed. The market’s growth is driven by increasing consumer awareness of health benefits, technological advancements in extraction processes, and expanding applications across multiple industries. Key market segments include type (refined and crude), application (cooking, pharmaceuticals, cosmetics, animal feed, industrial uses), distribution channels (supermarkets, online retail, specialty stores, direct sales), and end-use industries (food & beverage, healthcare, personal care, livestock & animal feed).
Rice bran oil is gaining global recognition due to its high nutritional value, light texture, and balanced fatty acid composition. Rich in antioxidants like oryzanol and vitamin E, it is widely promoted as a heart-healthy and skin-nourishing oil. The market is experiencing significant growth due to increasing demand for healthier cooking oils, alongside its expanding role in pharmaceutical and cosmetic formulations. Key trends driving growth include rising health consciousness, technological advancements in refining and extraction, the growing food & beverage industry, and sustainability efforts promoting rice bran oil as an eco-friendly byproduct of rice milling. However, challenges such as high production costs, competition from alternative oils, and limited awareness in emerging markets could impact market expansion.
Rice Bran Oil Market Dynamics (DRO) – 2023-2031
The **Rice Bran Oil Market Dynamics** highlight the key Drivers, Restraints, and Opportunities (DRO) shaping the industry’s growth trajectory from 2023 to 2031. These factors influence market demand, supply, competitive landscape, and overall industry development.