The
global Rice Bran Oil Market size is anticipated to reach USD 5.12
billion by 2025, according to a new report by Grand View Research, Inc. The
global market is estimated to expand at a CAGR of 3.44% from 2019 to 2025. This
growth is attributed to rising awareness about the health benefits of rice bran
oil. Moreover, high product demand as a result of increased health
consciousness and consumption of fat-free and nutritious food products will
boost the growth further.
The
food & beverage held the largest market share of more than 55% in 2018 and
will retain the dominant position throughout the forecast years. This is owing
to rising usage of rice bran oil in various food and beverage products. On the
other hand, the nutraceutical application segment is expected to witness the
fastest CAGR of 5.01% form 2019 to 2025.
In
2018, the offline distribution channel accounted for the largest market share.
The online segment, however, is forecasted to expand at the highest CAGR of
5.59% over the forecast period. Popularity of e-commerce sites and rising
number of manufacturers establishing their own websites are driving the growth
of this segment. Asia Pacific was the largest regional market in 2018 owing to
the high product consumption in countries, such as India, China, and Japan.
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Further
key findings from the study suggest:
- The online distribution channel segment is projected
to register the fastest CAGR over the forecast period
- Nutraceutical application is estimated to be the
fastest-growing segment at a CAGR of 5.01% from 2019 to 2025
- Asia Pacific accounts for the highest market share
of the global rice bran oil market; while North America is projected to
register the maximum growth rate during the forecast years
- Some of the key companies are Ricela Health Foods,
BCL Industries & Infrastructure, 3F Industries Ltd., Sethia and A.P.
Refineries Pvt. Ltd., Maheshwari Solvent, Malar Solvent, Modi Naturals
Ltd., Harwin Agro Enterprises, Vaighai Agro Products Ltd., Adani Wilmar,
Marico Ltd., ITC Ltd., and N.K. Proteins Ltd.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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