Rice Bran Oil Market
The global Rice Bran Oil Market size was estimated at USD 7,500 million in 2024 and is projected to reach USD 13,798.5 million in 2031 at a CAGR of 9.10 % during the forecast period 2025-2031.
Rice Bran Oil is a type of vegetable oil extracted from the outer layer of rice, known as the bran, and is widely used in cooking, cosmetics, and industrial applications. This oil is rich in nutrients such as vitamin E, essential fatty acids, and antioxidants, which make it popular for its health benefits, including its ability to reduce cholesterol and improve heart health. The global market for rice bran oil has seen steady growth due to the increasing demand for healthier cooking oils and natural skincare products.
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The scope of the rice bran oil market is expanding across various sectors, including food, pharmaceuticals, and personal care. In the food industry, rice bran oil is favored for its high smoking point, making it suitable for deep frying and other cooking processes. Additionally, the growing consumer awareness of the health benefits associated with rice bran oil, such as its potential to reduce cardiovascular risks, has contributed to its increased use in health-conscious diets. In the cosmetics industry, rice bran oil is gaining popularity for its moisturizing properties and its ability to combat aging signs.
Key Findings:
The non-organic rice bran oil segment, dominated the market in 2024, accounting for 87.0% of revenue share, and is expected to continue its growth during the forecast period. This segment is favored for its affordability, accessibility through established supply chains, and effective marketing strategies that emphasize its cost-effectiveness and versatility.
The organic rice bran oil segment, the market is expected to grow at the fastest rate, with a projected CAGR of 9.10% from 2025 to 2031. This growth is driven by consumers' increasing focus on health and wellness, with organic rice bran oil being perceived as a healthier alternative due to its absence of synthetic chemicals.
Recent Developments
- In March 2024, Gemini Edibles & Fats India Ltd. launched a new campaign for its Freedom rice bran oil, titled "Cholesterol Ki Safai ka Specialist." This marks the second promotional advertisement in the "Rice Bran Oil Kare Andar Se Safai" campaign series. Such marketing initiatives encourage consumers to choose rice bran oil, highlighting its benefits in aiding cholesterol cleansing.
- In April 2023, Chhen Chandara, owner of Cambodian Rice Bran Oil Co. Ltd., inaugurated a new rice bran oil production facility in Battambang, Columbia. The plant is designed to refine 6 tons of oil per day and is set to supply products to local consumers following the Khmer New Year celebrations.
Competitive Landscape
· Adani Wilmar Ltd.
· Cargill, Incorporated
· King Rice Oil Group
· Ricela Group of Companies
· Emami Group (Emami Agrotech Ltd.)
· AP Solvex Ltd.
· 3F Industries Ltd.
· Zhejiang Delekang Food Co. Ltd
· Marico Limited
· Modi Naturals Ltd.
· TSUNO Group Co., Ltd
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Regional Analysis:
Asia Pacific to Dominate the Market
· The North American rice bran oil market is expected to grow at a strong pace over the forecast period, driven by rising health consciousness and the region’s modern, fast-paced lifestyles that have led to an increased preference for healthier food choices.
· In the U.S., the rice bran oil market led the North American region in 2023, with growth supported by the expansion of the food processing industry and the oil’s versatility in cooking and frying.
· Europe’s rice bran oil market saw significant growth in 2023, driven by increasing awareness of its health benefits, such as its high levels of antioxidants and heart-healthy fats.
The Rice Bran Oil Market is segmented into various segments such as Type, Application, Distribution Channel Region:
Based on Type:
· Organic
· Non-Organic
Based on Application:
· Food & Beverage
· Nutraceutical
· Animal Feed
· Others
Based on Distribution Channel:
· Offline
· Online
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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Frequently Asked Questions
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· What is the compound annual growth rate (CAGR) of the Rice Bran Oil Market?
· Which region holds the largest market share in Rice Bran Oil Market?
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