Rice Bran Oil is a Versatile Ingredient Utilized in Various Industries. The Rice Bran Oil Market is expected to Expand Dramatically in Recent Years with 9.09% CAGR through 2033 | Future Market Insights, Inc

0
91
Rice Bran Oil is a Versatile Ingredient Utilized in Various Industries. The Rice Bran Oil Market is expected to Expand Dramatically in Recent Years with 9.09% CAGR through 2033 | Future Market Insights, Inc.

The shifting preferences toward food and beverages with low-fat content and high nutritional value are primarily driving the rice bran oil market. The Rice Cakes Market is projected to reach a valuation of US$ 611.73 million by 2026. The Rice Milk Market is likely to register a CAGR of 6.2% from 2023 to 2033

NEWARK, Del: The rice bran oil market is likely to be valued at US$ 7.94 billion in 2023 and is expected to be worth US$ 18.95 billion by 2033. The sales of rice bran oil are expected to register a CAGR of 9.09% during the forecast period.

The consumption of rice bran oil has increased as a result of its numerous health advantages. This is accelerating the market’s expansion in tandem with the growing demand for foods and beverages that are high in nutrients and low in fat.

Since rice bran oil contains more monounsaturated, polyunsaturated, and saturated fats compared to other vegetable oils, the World Health Organization (WHO) and the American Heart Association have recommended its use.

Request for Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-16708

This oil has become a crucial ingredient in the cosmetics and pharmaceutical sectors because it includes oryzanol, which promotes hair development, shields the skin from UV radiation, and delays the signs of aging.

Rapid urbanization, rising disposable incomes, shifting lifestyles, active marketing campaigns by manufacturers, and expanding penetration in both established and emerging economies are further important drivers driving the market’s expansion.

Key Takeaways

  • Due to several emerging rice-producing nations including Japan, India, and China, the Asia Pacific region is predicted to hold a significant share of the global rice bran oil market. In 2020, the market in Asia Pacific was valued at US$ 4.68 billion, and in the years to come, it is anticipated to take a commanding share of the market.
  • North America is anticipated to experience rapid growth during the forecast period. Key manufacturers are also increasing their investments in expanding areas like Europe and North America by releasing new products, which may fuel the industry’s expansion.
  • Over the projection period, the online segment is anticipated to register a CAGR of 5.59%. The expansion of this market is being driven by the popularity of e-commerce websites and surging manufacturers creating their websites. Additionally, higher consumer disposable income and higher living standards, particularly in developing regions, are likely to increase product sales via online channels.

Talk with Research Analyst: https://www.futuremarketinsights.com/ask-question/rep-gb-16708

Competitive Landscape

The market for rice bran oil has a highly fragmented competitive environment, with numerous regional and local competitors vying to gain market share. The top producers in the international market are Adani Wilmar and Cargill, Inc. To expand their market position, top corporations are forming joint ventures. For instance, to expand their footprint in other nations like Singapore and promote their products to a wider client base, Adani Group formed a 50-50 joint venture with Wilmar International. As a result, the market share of these oil producers has grown recently in both developed and emerging nations.

Latest Developments

N.K. Proteins Pvt Ltd., an Indian business, announced in June 2021 to introduce the brand ‘Tirupati’ to the market to appeal to health-conscious consumers.

August 2019 – The United States-based corporation Cargill, Incorporated announced the expansion of Gemini’s current rice bran oil product line. Gamma oryzanol is claimed to be 40% more abundant in the product than in other standard oils.

Given Below are the Rice Bran Oil Market Segments

By Type:

  • Organic
  • Non-organic

End User:

  • Food and Beverages
  • Industrial Application

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • The Middle East & Africa (MEA)

Buy Complete Report: https://www.futuremarketinsights.com/checkout/16708

Table of Content:

1. Executive Summary | Rice Bran Oil Market

        1.1. Global Market Outlook

        1.2. Demand-side Trends

        1.3. Supply-side Trends

        1.4. Technology Roadmap Analysis

        1.5. Analysis and Recommendations

2. Market Overview

        2.1. Market Coverage / Taxonomy

        2.2. Market Definition / Scope / Limitations

Complte TOC with Report Preview: https://www.futuremarketinsights.com/reports/rice-bran-oil-market

Check Our Related Food and Beverage Research Reports:

Herb Oil Market: On the basis of product type, the global herb oil market is segmented into five types: basil, mint, thyme herb oil, dill herb oil and other herbs. Among the global herb oil market’s product type, the largest is Basil heb oil , which represents US$ 1,043.5 Mn of the market, or 35.8% in 2017, and US$ 1,393.9 Mn in 2022, or 37.6%, and a CAGR of 6%. It is growing at US$ 70.1 Mn annually over the course of the forecast period, and this absolute growth is larger than the any other segment.

Fish Oil Market: The global fish oil market size was valued at USD 12.3 Bn in 2022, and is estimated to reach USD 23.8 Bn by 2032 with a CAGR of 6.8% from 2021 to 2032.

Avocado Oil Market: Estimated value for global avocado oil market value in 2019 – US$ 906.8 Mn.The avocado oil market will exhibit growth at over 5% CAGR over 2019-2029

Citrus Oils Market: The citrus oils market is estimated to be valued at US$ 3.9 Billion in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach a valuation of US$ 5.8 Billion by 2032, rising at a CAGR of 4% for 2022-32.

Fishmeal & Fish Oil Market: The fishmeal & fish oil market size is projected to be valued at US$ 7.4 billion in 2023 and is expected to rise to US$ 13.0 billion by 2033. The sales of fishmeal & fish oil are expected to register a CAGR of 5.8% during the forecast period.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

LinkedIn| Twitter| Blogs | YouTube

For Sales Enquiries: sales@futuremarketinsights.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here