Rice Bran Oil Market Size, Share, Growth Analysis, By Type(Refined, Non-Refined), By Application(Cosmetics, Pharmaceuticals, Food Processing, Others), By Region - Industry Forecast 2024-2031

Global Rice Bran Oil Market size was valued at USD 6.2 billion in 2022 and is poised to grow from USD 6.8 billion in 2023 to USD 12.4 billion by 2031, growing at a CAGR of 9.06% in the forecast period (2024-2031).

The exterior brown coating of rice is used to obtain rice bran oil, an edible vegetable oil. It has a moderate flavour and neutral flavour and is high in antioxidants, natural bioactive phytoceuticals such oryzanol, tocopherols, tocotrienols, and lecithin, as well as vitamin E. It gives delicate flavours, is excellent for high-temperature cooking, and blends easily with other less stable oils. It is incredibly flexible and light in texture. As a result, it is frequently used in a variety of culinary techniques, such as stir-frying, deep-frying, sautéing, and grilling. Additionally, it is linked to a lower risk of developing cancer, lower cholesterol, improved immunity, and a healthier nervous system.

Sales of the product soared as customer awareness of the health advantages of product intake increased. Consumers' changing dietary choices and the increased need for nutrient-dense food ingredients both significantly contribute to the rice bran oil market's expansion. Consumer demand for vegetable oil is fast increasing as people become more aware of its health benefits, particularly in Europe and North America. For users who prefer cooking with vegetable oil, this oil offers a more affordable and appropriate substitute. Additionally, this oil demonstrates certain physical qualities that make it appropriate for use in creams and oils for cosmetic purposes. As a result, businesses introduce new products to broaden their product offering and increase their marketability.

US Rice Bran Oil Market is poised to grow at a sustainable CAGR for the next forecast year.