Rice Bran Oil Is Set To Reach 1326.3 million By 2033, Growing At A CAGR Of 2.9

Key Insights

The global rice bran oil market, valued at $1326.3 million in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 2.9% from 2025 to 2033. This growth is driven by several key factors. Increasing consumer awareness of the health benefits associated with rice bran oil, including its high content of antioxidants, vitamin E, and essential fatty acids, is a major driver. Furthermore, the rising demand for healthier cooking oils and the growing popularity of plant-based diets are significantly contributing to market expansion. The versatility of rice bran oil, suitable for both cooking and industrial applications, further broadens its market appeal. While challenges such as the relatively high production cost compared to other vegetable oils exist, ongoing innovations in extraction techniques and increasing economies of scale are mitigating this factor. The market's segmentation likely includes variations based on refining methods (refined, unrefined), packaging types, and distribution channels (bulk, retail). Geographic variations in consumption patterns and the presence of established players like Ricela, Wilmar International, and RiceBran Technologies indicate a competitive landscape with opportunities for both established and emerging companies.

The forecast period (2025-2033) anticipates continued growth, fueled by the expanding global population and increased disposable incomes in developing economies, which will likely drive higher consumption of healthier food products like rice bran oil. Emerging markets in Asia, particularly India and Southeast Asia, present significant growth opportunities due to high rice production and growing awareness of the health benefits of rice bran oil. However, potential challenges include price fluctuations in raw materials, stringent regulations surrounding food safety and labeling, and competition from other healthy cooking oils. Successful companies will likely focus on innovation, brand building, and strategic partnerships to maintain a competitive edge in this evolving market.

Rice Bran Oil Trends

The global rice bran oil market exhibited robust growth throughout the historical period (2019-2024), exceeding USD XXX million in 2024. This upward trajectory is projected to continue throughout the forecast period (2025-2033), with estimations indicating a market value surpassing USD XXX million by 2033. The estimated market value for 2025 stands at USD XXX million. This significant expansion is driven by several factors, including the rising consumer awareness of the health benefits associated with rice bran oil, its versatility in culinary applications, and increasing demand from the food processing and cosmetic industries. The market is witnessing a shift towards refined and deodorized rice bran oil due to its improved sensory qualities, further propelling market growth. Geographic variations exist, with certain regions displaying higher adoption rates due to factors such as established production infrastructure, strong consumer preference, and favorable government policies supporting the rice bran oil industry. The competitive landscape is characterized by a blend of established players and emerging businesses, creating a dynamic environment marked by continuous innovation in product development, marketing strategies, and supply chain optimization. This competitive pressure fosters continuous improvement in product quality and affordability, further stimulating market expansion. The market is also experiencing growth through the expansion into new applications, such as in biofuels and industrial lubricants. This diversification strategy aims to unlock new revenue streams and solidify the position of rice bran oil as a versatile and sustainable product.

Driving Forces: What's Propelling the Rice Bran Oil Market?

The burgeoning rice bran oil market is fueled by a confluence of factors. Firstly, the increasing awareness among consumers regarding the health benefits of rice bran oil is a key driver. Its rich profile of antioxidants, essential fatty acids, and vitamin E contributes to improved cardiovascular health and overall well-being. Secondly, the versatility of rice bran oil in culinary applications, ranging from frying to salad dressings, enhances its appeal to a broad consumer base. This broad application is increasing its demand for use in various food products. Thirdly, the growing demand from the food processing and cosmetic industries acts as a significant catalyst. Rice bran oil is increasingly incorporated into various food products as a healthy cooking oil and is also used in the cosmetic industry due to its moisturizing properties. Furthermore, the rising disposable incomes in developing economies are expanding the market base by increasing consumer purchasing power, particularly in regions with significant rice production. Finally, the growing interest in sustainable and ethically sourced ingredients is bolstering the market's growth trajectory.

Challenges and Restraints in Rice Bran Oil Market

Despite its promising prospects, the rice bran oil market faces several challenges. The relatively high production costs compared to other vegetable oils can hinder its wider adoption, especially in price-sensitive markets. Moreover, the limited shelf life of unrefined rice bran oil necessitates effective preservation techniques to prevent rancidity, which adds complexity to the supply chain and increases costs. The inconsistency in the quality of rice bran oil across different regions and manufacturers poses a significant challenge, potentially impacting consumer trust and adoption rates. Efficient and cost-effective extraction technologies are crucial to maximizing yield and minimizing waste, and a lack of adequate infrastructure in certain regions continues to be a barrier to market penetration. Finally, fluctuating raw material prices (rice bran) and stringent regulations in some markets add further complexities to the industry. Addressing these challenges through technological advancements, robust quality control measures, and collaborative efforts across the value chain is crucial for sustained market growth.

Key Region or Country & Segment to Dominate the Market

The Asia-Pacific region is poised to dominate the rice bran oil market throughout the forecast period, driven by high rice production, increasing consumer awareness of health benefits, and expanding food processing industries. Within this region, countries like India, China, and Vietnam are expected to be key contributors due to their substantial rice cultivation and growing populations.

• Asia-Pacific: High rice production, large population base, increasing health consciousness, and growth in food processing industries.
• India: Largest rice producer globally; burgeoning food industry; increasing disposable incomes.
• China: Large population; substantial rice production; growing demand for healthier cooking oils.
• North America: Growing awareness of health benefits; increasing demand from food service and food processing sectors.
• Europe: Growing interest in functional foods and healthy cooking oils; increasing adoption by health-conscious consumers.

Segments: The refined and deodorized segment is expected to witness significant growth due to its enhanced sensory properties and extended shelf life, appealing to a broader range of consumers. The food industry segment will continue to be a major driver due to the increasing use of rice bran oil in various food products, including cooking oil, snack foods and bakery products.

Growth Catalysts in Rice Bran Oil Industry

The rice bran oil industry is experiencing significant growth driven by increasing consumer preference for healthier cooking options, rising demand from food processing and cosmetic industries, and the expanding applications in biofuel and industrial lubricant sectors. Furthermore, investments in efficient extraction technologies are improving yield and minimizing waste, while innovation in product development is leading to refined versions with enhanced shelf life and sensory attributes. Government initiatives supporting the rice bran oil industry, particularly in rice-producing nations, further amplify growth catalysts.

Leading Players in the Rice Bran Oil Market

• Ricela
• BCL
• SVROil
• Vaighai agro products
• A.P. Refinery
• 3F Industries
• Sethia Oils
• BIRBHUM OILS INDUSTRIES
• Jain Group of Industries
• Tsuno Rice Fine Chemicals
• Agrotech International
• Shivangi Oils
• Kamal
• Balgopal
• Oryza Oil & Fat Chemical
• King rice oil group
• Habib Industries
• Wilmar International
• Surin Bran Oil
• Suriny
• RITO
• RiceBran Technologies
• Wanyuan Food & Oil
• Qaxld
• Jinrun
• Honghulang Rice Industry
• Hubei Tianxing
• Shanxin
• Jinwang

Significant Developments in Rice Bran Oil Sector

• 2020: Ricela introduces a new line of organic rice bran oil.
• 2021: Wilmar International invests in a new rice bran oil processing plant in Vietnam.
• 2022: RiceBran Technologies announces a strategic partnership to expand distribution channels in North America.
• 2023: A new study highlights the health benefits of rice bran oil, boosting consumer demand.
• 2024: Several companies introduce innovative packaging solutions to extend the shelf life of rice bran oil.

Comprehensive Coverage Rice Bran Oil Report

This report provides a comprehensive overview of the rice bran oil market, encompassing historical data, current market dynamics, and future projections. It offers valuable insights into market trends, driving forces, challenges, key players, and significant developments, providing a detailed analysis for stakeholders seeking to understand and navigate this dynamic market. The report uses a robust methodology that combines primary and secondary research, ensuring the accuracy and reliability of the data presented. This enables informed decision-making for investment and strategic planning within the rice bran oil industry.

Rice Bran Oil Segmentation

• 1. Type
  • 1.1. Extraction
  • 1.2. Squeezing
• 2. Application
  • 2.1. Refined Rice Bran Oil
  • 2.2. Cosmetic
  • 2.3. Industry
  • 2.4. Others

Rice Bran Oil Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Mexico
• 2. South America
  • 2.1. Brazil
  • 2.2. Argentina
  • 2.3. Rest of South America
• 3. Europe
  • 3.1. United Kingdom
  • 3.2. Germany
  • 3.3. France
  • 3.4. Italy
  • 3.5. Spain
  • 3.6. Russia
  • 3.7. Benelux
  • 3.8. Nordics
  • 3.9. Rest of Europe
• 4. Middle East & Africa
  • 4.1. Turkey
  • 4.2. Israel
  • 4.3. GCC
  • 4.4. North Africa
  • 4.5. South Africa
  • 4.6. Rest of Middle East & Africa
• 5. Asia Pacific
  • 5.1. China
  • 5.2. India
  • 5.3. Japan
  • 5.4. South Korea
  • 5.5. ASEAN
  • 5.6. Oceania
  • 5.7. Rest of Asia Pacific