According to IMARC Group’s latest report, titled “Rice Bran Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market reached a volume of 1.8 million Tons in 2020. Rice bran oil refers to an edible vegetable oil derived from the outer brown layer of rice. It is characterized by a neutral taste and mild flavor and is a rich source of vitamin E, natural bioactive, Phytoceuticals, and antioxidants. Rice bran oil has a light texture and is suitable for high-temperature cooking. It can be easily blended with less stable oils and is extensively employed in various cooking methods, including deep-frying, stirring, sautéing, and grilling. Rice bran oil aids in lowering the risk of cancer, reducing cholesterol levels, increasing immunity, improving the nervous system, etc.
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The growing demand for food and beverages with low fat and high nutritional content, particularly among the health-conscious consumers, is primarily driving the rice brain oil market. Moreover, the escalating product adoption across the cosmetics and pharmaceutical industries, owing to the oryzanol content of the oil that stimulates hair growth, protects the skin against UV rays, and prevents aging, is acting as another significant growth-inducing factor.
Rice Bran Oil Market Trends:
Furthermore, the rising endorsement of rice bran oil by the World Health Organization (WHO) and American Heart Association, on account of its healthier monosaturated fat content as compared to other vegetable oils, is also positively influencing the product demand. Apart from this, the inflating promotional activities undertaken by several key manufacturers are expected to propel the global rice bran market in the coming years. Looking forward, IMARC Group expects the rice bran oil market to reach a volume of 2.01 Million Tons by 2026.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Breakup by End Use:
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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