What are the major players in the rice bran oil market?
The rice bran oil market is highly competitive and has several small and regional players. The market is fragmented, and the major players include Cargill, Incorporated, Ricela Group of Companies, Adani Wilmar Ltd, Emami Agrotech Ltd, and Rice King Oil Group.
What is the global rice bran oil market size?
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.
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.
Which region dominated the rice bran oil market in 2023?
Asia Pacific dominated the rice bran oil market with a market share of 82.7% in 2023. Rice bran oil is a type of oil extracted from the outer germ and brown layer of rice known as bran. Owing to its high smoke point, this oil is beneficial for high heat cooking and is mainly used for several cuisines of East and South Asian countries.