Rice Bran Oil Market Revenue Forecasted to Exceed $18.3 Billion by 2034 at a Compound Annual Growth Rate (CAGR) of 9.3%
The global rice bran oil market is on an upward trajectory, with significant advancements in extraction technologies playing a pivotal role in enhancing oil yield and quality. These advancements are not only improving the nutritional profile of rice bran oil but also aligning with consumer preferences for healthier and more sustainable products.
Recent developments in the extraction methods for rice bran oil include cold-press and solvent-free extraction, innovative techniques such as pressurized liquid extraction, microwave-assisted extraction, and cold atmospheric plasma extraction, and enzymatic extraction.
Cold-press and solvent-free extraction methods have been refined to improve oil yield and retain more nutrients compared to traditional solvent-based extraction techniques. This approach is particularly favored for its ability to preserve the oil's nutritional profile, making it appealing to health-conscious consumers. The oil quality is enhanced by better retention of nutrients and a lower risk of chemical contamination, which aligns with the growing demand for clean-label and non-GMO products.
Innovative extraction techniques offer improved efficiency and can be more environmentally friendly. These methods can help in reducing processing time and energy consumption while maintaining or even improving oil quality compared to traditional methods.
Though not specifically mentioned for rice bran oil, enzymatic extraction methods are being explored with promising results in other contexts. If applied to rice bran oil, enzymatic extraction could offer a sustainable and efficient method with potentially high oil quality, though specific applications in rice bran oil extraction would need further research.
These advancements contribute to the growing demand for rice bran oil, which is derived from the outer layer of milled rice and has a high smoke point (~232°C) and a balanced fatty acid composition. Rice bran oil is gaining popularity due to its health benefits, including high levels of monounsaturated fats, antioxidants, and vitamin E.
The global rice bran oil market is projected to reach approximately USD 18.3 billion by 2034, growing at a CAGR of 9.3% from 2025 to 2034. In 2024, the Asia-Pacific region led the market with a dominant 48.2% share. Key players in the market include King Rice Oil Group, Ricela Group of Companies, Cargill, Inc., TSUNO Group Co., Ltd., Modi Naturals Ltd., Rice King Oil Group, Sethia Oils Ltd., and others.
Stakeholders in the industry can capitalize on trends by focusing on product innovation, quality enhancement, and strategic market expansion to meet evolving consumer preferences and global demand. Companies need to prioritize efficient supply chain management, product innovation, and strategic partnerships to navigate market challenges and capitalize on growth prospects.
Rice bran oil is finding applications in cosmetics, pharmaceuticals, and nutraceuticals. The oil contains bioactives such as γ-oryzanol, tocopherols, and tocotrienols, which offer antioxidant and cholesterol-lowering properties. Clinical studies have demonstrated that RBO consumption can lead to a reduction in total cholesterol and LDL cholesterol levels.
The health benefits of rice bran oil, including cholesterol reduction and heart health support, are driving consumer demand. Consumers are favoring products with clean labels and sustainable sourcing, making rice bran oil an attractive option.
India accounts for about 46.8% of global production and processes over 1.2 million tons of rice bran annually. The country's domestic production increased from 920 kt in 2014-15 to 1,031 kt in 2016-17. Rice bran oil is favored for its high smoke point and mild flavor profile, making it suitable for high-temperature cooking methods and various cuisines.
In conclusion, the advancements in the extraction methods for rice bran oil are significantly improving its quality and aligning with consumer preferences for healthier and more sustainable products. These advancements, coupled with the growing demand for rice bran oil in various industries, are expected to drive the market's growth in the coming years.
- The health benefits of rice bran oil, such as its high levels of antioxidants and vitamin E, make it a popular choice among health-conscious consumers.
- In addition to its use in cooking, rice bran oil is also finding applications in cosmetics, pharmaceuticals, and nutraceuticals due to its bioactive properties.
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