Published Date: 16-Jul-2020
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According to a new report Global Rice Bran Oil Market, published by KBV research, The Global Rice Bran Oil Market size is expected to reach $5.6 Million by 2026, rising at a market growth of 4.8% CAGR during the forecast period.
The Food & Beverage segment has the highest market share owing to the high intake of various products and beverages. For example, oil is commonly used in Asian countries, such as India, China, and Japan, to prepare daily dishes. In addition, the growing prevalence of cereal beverages has resulted in increased usage of rice bran oil in functional beverages. The nutraceutical segment has been estimated to rise at the highest growth rate over the forecast period. Raising awareness of the benefits of the product are found to help treat several chronic disorders. In addition, Gamma Oryzanol, from the rice bran, is widely used in medicines to protect against many degenerative diseases. These factors are expected to drive demand in the nutraceutical segment.
The largest market share was held by the offline distribution channel. The availability of personal store assistants plays a key role in influencing consumers to try out new products. This makes hypermarkets and supermarkets a prime outlet for companies to market their goods. It is estimated that the online segment will expand to the highest CAGR over the forecast period. The popularity of e-commerce sites and the increasing number of manufacturers setting up their websites are driving the growth of this segment.
Asia is currently the largest producing region. Asia is also the main rice area. The main producers are India, China, Japan, and Thailand. North America is predicted to grow over the projected period due to high demand as a result of raising safety concerns and recognition of the benefits of the drug. In addition, major manufacturers are investing more in emerging markets, such as Europe and America, by launching new products that will drive industry growth.
Structural Insights: https://www.kbvresearch.com/rice-bran-oil-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Cargill Corporation, Ricela Health Foods Ltd., 3F Industries Ltd., Marico Limited, Sethia Oils Ltd., A.P. Refinery Private Limited, Vaighai Agro Products Ltd., King Rice Oil Group, Tsuno Rice Fine Chemicals Co., Ltd., and Modi Naturaals Ltd.
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