Rice Bran Oil Market Booming: Expected to Reach $13.52 Billion by 2029
The global rice bran oil market is on a healthy growth trajectory, projected to reach USD 13.52 billion by 2029. This translates to a CAGR of 9.4%, driven by rising consumer awareness of its health benefits and culinary versatility.
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From By-Product to Premium Choice: Rice Bran Oil Gains Traction
Rice bran oil, derived from rice milling, is shedding its image as a mere byproduct. Consumers, particularly in Asia, are increasingly choosing it for its high smoke point, neutral flavor, and heart-friendly properties. Rice bran oil's extended shelf life and ability to enhance food flavor further contribute to its growing popularity.
Market Segmented by Type, Grade, Application, and Sales Channel
The rice bran oil market is segmented by type (organic and non-organic), grade (refined, raw grade 1, and raw grade 2), application (food & beverages, cosmetics, pharmaceuticals, etc.), and sales channel (supermarkets, online shops, etc.). This segmentation offers a comprehensive view of growth opportunities within each category.
Leading Rice Bran Oil Producers: A Global Reach
Several major players are driving the rice bran oil market forward. Here's a glimpse of some key producers:
- Adani Wilmar (India)
- Modi Naturals (India)
- Marico (India)
- Conagra Foods (U.S.)
- BCL Industries (India)
- King Rice Oil Group (Thailand)
- California Rice Oil Company (U.S.)
- Ricela Health Foods (India)
Competition Heats Up with Innovation and Expansion Strategies
The rice bran oil market is witnessing a competitive landscape. Companies are focusing on mergers and acquisitions to expand their geographic reach. Additionally, they are constantly innovating by introducing new product lines, such as organic rice bran oil, to cater to evolving consumer preferences.
Key Questions Answered in the Report
- What is the current and projected market size of the rice bran oil market?
- Which region holds the largest market share?
- What are the major trends shaping the market in different regions?
- Who are the leading rice bran oil companies?
- What are the growth strategies adopted by these key players?
Maximize Market Research – Empowering Informed Choices
Maximize Market Research is a leading provider of market research and business consulting services. Our reports deliver valuable insights to help food manufacturers and distributors capitalize on growth opportunities within the rice bran oil market, empowering consumers to make informed choices about their health and culinary experiences.
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