The global rice bran oil market size was USD 7.86 billion in 2023 and is projected to grow from USD 8.55 billion in 2024 to USD 18.35 billion by 2032 at a CAGR of 10.02% during the forecast period (2024-2032). Asia Pacific dominated the rice bran oil market with a market share of 82.7% in 2023.
Which countries manufacture rice bran based oil?
Asia Pacific is the largest manufacturer and consumer of rice bran-based oil globally. Some of the major rice manufacturing countries such as China, India, and Japan are present in the region.
What is the competitive landscape of the rice bran oil market?
The competitive landscape of the rice bran oil market is highly fragmented, with several regional and local players competing with each other to increase their market presence. Some of the major manufacturers in the global market include Adani Wilmar and Cargill, Incorporated.
Does rice bran oil boost market growth?
Rising Demand for Rice Bran Oil-Based Cosmetic Products is Expected to Boost Market Growth The demand for cosmetic products, such as creams, gels, and other skincare products, increases rapidly among consumers. This oil is rich in ingredients, such as vitamin E, Vitamin B, and others, which also help to hydrate the skin.