Rice Bran Oil Market Growth, Upcoming Trends, Companies Share, Structure and Regional Analysis by 2021-2026
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 is an edible oil derived from the outer brown layer of rice. Characterized by a mild flavor and neutral taste, it is rich in vitamin E, antioxidants, natural bioactive phytodetrital, etc. Rice bran can withstand high cooking temperature, offers delicate flavors, and is easily blended with other less stable oils. As a result, it is used in stir-frying, sautéing, deep-frying, grilling, etc. It can also reduce cancer risks, lower cholesterol levels, boost immunity, improve the nervous system, etc.
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Rising consumer awareness towards numerous health benefits associated with the consumption of rice bran oil is primarily driving the market growth. Moreover, the growing demand for low-fat and nutrient-rich edible oils is also contributing to the market growth. Additionally, several global organizations are approving the use of rice bran oil, as its composition of monounsaturated, polyunsaturated, and saturated fats is much safer as compared to the composition of other vegetable oils. Moreover, oryzanol in rice bran oil stimulates hair growth, provides UV protection, prevents aging, etc., thereby inducing the product demand in the personal grooming sector for manufacturing soaps, moisturizers, lotions, hair care products, etc. Numerous other factors, such as inflating disposable incomes and extensive promotional activities by several manufacturers, are expected to further drive the market over the forecast period. 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.
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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
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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