Rice Bran Oil Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Rice Bran Oil market, covering insights into market trends, size, segmentation, industry analysis, and a detailed forecast for the years 2023 to 2033.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $100.00 Million |
| CAGR (2023-2033) | 5% |
| 2033 Market Size | $164.58 Million |
| Top Companies | Ricela Health Foods, Cargill Inc., Marico Ltd., Bunge Limited, BASF SE |
| Last Modified Date | 15 Nov 2024 |
Rice Bran Oil Market Report (2023 - 2033)
Rice Bran Oil Market Overview
What is the Market Size & CAGR of Rice Bran Oil market in 2023?
Rice Bran Oil Industry Analysis
Rice Bran Oil Market Segmentation and Scope
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Rice Bran Oil Market Analysis Report by Region
Europe Rice Bran Oil Market Report:
Europe's Rice Bran Oil market is projected to expand from $25.65 million in 2023 to $42.21 million by 2033. The European market is primarily driven by the cosmetic industry, where Rice Bran Oil is valued for its antioxidant properties, alongside the trend for healthier food options.Asia Pacific Rice Bran Oil Market Report:
The Asia Pacific region holds a notable share in the Rice Bran Oil market, with a market size of approximately $19.01 million in 2023, projected to grow to $31.29 million by 2033. Countries like India and Japan are key players, leveraging the health benefits of Rice Bran Oil to appeal to health-conscious consumers. The region's strong traditional culinary practices further bolster demand.North America Rice Bran Oil Market Report:
The North American market is valued at $34.91 million in 2023 and is expected to grow to $57.45 million by 2033. The surge in health awareness among consumers, along with the increase in food service establishments, is anticipated to accelerate market growth in this region.South America Rice Bran Oil Market Report:
In South America, the market size is currently at $6.60 million in 2023, expected to reach $10.86 million by 2033. The rise in health awareness and growth in the organic segment are driving market trends, with Brazil and Argentina being leading consumers due to their vibrant food cultures.Middle East & Africa Rice Bran Oil Market Report:
The Middle East and Africa are expected to see growth in the Rice Bran Oil market from $13.83 million in 2023 to $22.76 million by 2033. With increasing health trends and a growing interest in natural oils, this region is becoming a significant player in the market.Request a custom research report for industry.
Rice Bran Oil Market Analysis By Product
Global Rice Bran Oil Market, By Product Market Analysis (2023 - 2033)
The Rice Bran Oil market is significantly dominated by refined Rice Bran Oil, which accounts for a staggering $87.19 million in 2023, projected to rise to $143.49 million by 2033. Crude Rice Bran Oil, while less prominent, shows growth with a current value of $12.81 million and is expected to reach $21.08 million in 2033, driven by demand in health and wellness products.
Rice Bran Oil Market Analysis By Distribution Channel
Global Rice Bran Oil Market, By Distribution Channel Market Analysis (2023 - 2033)
Online retail emerges as the leading distribution channel for Rice Bran Oil, growing from $87.19 million in 2023 to $143.49 million by 2033. Offline retail remains relevant, contributing $12.81 million, projected to enhance its share to $21.08 million, highlighting consumer preference for direct purchasing experiences.
Rice Bran Oil Market Analysis By End User
Global Rice Bran Oil Market, By End-User Market Analysis (2023 - 2033)
The Food Service Industry constitutes the largest segment for Rice Bran Oil consumption, currently at $60.51 million and anticipated to increase to $99.59 million by 2033. Household consumption also plays a crucial role, expanding from $24.98 million in 2023 to $41.11 million by 2033 as more consumers embrace healthier cooking oils.
Rice Bran Oil Market Analysis By Application
Global Rice Bran Oil Market, By Application Market Analysis (2023 - 2033)
Culinary applications dominate the Rice Bran Oil market with a share of $60.51 million in 2023, expected to grow to $99.59 million by 2033. Health and wellness products are also emerging, currently valued at $14.51 million and projected to rise to $23.88 million, reflecting changing consumer trends towards healthier lifestyle choices.
Rice Bran Oil Market Analysis By Packaging Type
Global Rice Bran Oil Market, By Packaging Type Market Analysis (2023 - 2033)
Bottled packaging leads the market with $60.51 million in 2023, expected to reach $99.59 million in 2033, while canned and bulk packaging follow. Both modes have shown steady growth in recent years, driven by the demand for convenient use and storage solutions.
Rice Bran Oil Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Rice Bran Oil Industry
Ricela Health Foods:
Ricela Health Foods is a major player specializing in the production of refined Rice Bran Oil and has a strong market presence in India, focusing on health-conscious consumers.Cargill Inc.:
Cargill Inc. is a global food corporation that offers a broad range of Rice Bran Oil products, catering to both food and cosmetic industries with a commitment to sustainable sourcing.Marico Ltd.:
Marico Ltd. produces and markets Rice Bran Oil under its flagship brand Saffola. The company emphasizes health benefits and innovation in cooking oils.Bunge Limited:
Bunge Limited is a globally recognized agribusiness and food company involved in the production and distribution of Rice Bran Oil, with a focus on food service and dietary trends.BASF SE:
BASF SE is a leading chemical company that also produces Rice Bran Oil derivatives for cosmetics and personal care products, showing versatility in product offerings.We're grateful to work with incredible clients.
