Global Rice Bran Oil Market By Application (Food & Beverage, Nutraceutical, Animal feed and Other Applications), By Distribution Channel (Offline and Online), By Region, Industry Analysis and Forecast, 2020 - 2026
The Global Rice Bran Oil Market size is expected treach $5.6 Million by 2026, rising at a market growth of 4.8% CAGR during the forecast period. Oil derived from the substrate between white rice and paddy husks is known as rice bran oil. It is an edible oil used as an excipient in the food, cosmetics, and pharmaceutical industries. Rice bran oil is preferred by most consumers due tits antioxidant and low cholesterol properties.
Rice bran oil is produced in three different components: gamma oryzanol, tocopherols, and tocotrienols. These essential components are important antioxidants that provide not only higher nutraceutical value but alsa wide range of health benefits, such as improving the nervous system, preventing stomach problems, lowering cholesterol, minimizing cancer risk, and increasing immunity.
Asia is currently the largest producing region. Asia is alsthe main rice area. The main producers are India, China, Japan, and Thailand. India is the largest region of consumption in the country. The Chinese industry for consumption has not yet been fully established, sthere is a huge potential market. Japan has a long history of research and development of rice bran oil. All manufacturers in the world are committed timproving production technology. In recent years, some Chinese manufacturers have almost been able tcatch up with the world's leading technology.
Abundant availability of raw materials in the form of rice, particularly in Asian countries, is likely tresult in a stable price trend for the rice bran oil market over the forecast period. Production is mainly concentrated in countries such as India, China, Japan, Thailand, and Vietnam. The ICRB(International Council of Rice Bran Oil) was established tdevelop a uniform scientific standard and focus on value-added products.
Based on Application, the market is segmented intFood & Beverage, Nutraceutical, Animal feed and Other Applications. Based on Distribution Channel, the market is segmented intOffline and Online. Based on Regions, the market is segmented intNorth America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cargill Corporation, Ricela Health Foods Ltd., 3F Industries Ltd., MaricLimited, Sethia Oils Ltd., A.P. Refinery Private Limited, Vaighai AgrProducts Ltd., King Rice Oil Group, TsunRice Fine Chemicals Co., Ltd., and Modi Naturaals Ltd.
Scope of the Study
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