DUBLIN--(BUSINESS WIRE)--The "Global Rice Bran Oil Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The global rice bran oil market is estimated to augment at a CAGR of 4.51% from a market size of USD1.346 billion in 2019 to grow to a market size of USD1.754 billion by the end of 2025.
Rice bran oil is extracted from the outer layer of rice, the outer layer of rice is known as bran. According to the International Rice Research Institute (IRRI), 100 kilograms of paddy will produce 5-10 kilograms of bran approximately. The extracted rice bran is a mixture of nutritious substances which include protein, good fat, ash, and crude fiber. The health benefits provided by rice bran is projected to fuel the market demand in the forecast period. The growing health awareness among individuals worldwide is further propelling the market growth in the forecast period.
The growing number of lifestyle-related disorders like obesity and hypertension will provide an impetus in propelling the market demand in the forecast period. The growing research activities on the global level have resulted in knowing the usage of rice bran for various household, commercial, and industrial purposes in the form of oil, such activities are further driving the market demand in the forecast period. The utilization of rice bran oil in feed formulation is further promoting market growth with the growing animal feed industry.
The market for rice bran oil in 2020 is estimated to experience a slight decline due to the COVID-19 impact worldwide, the shut-down of manufacturing plants due to work-from-home and lockdown measures have led to labour shortages, showing a decline in production rate. However, the online mode of distribution channel will help in promoting sales of rice bran oil, but in a controlled manner. The advent of new normal, post lockdown will further promote market growth in the forecast period after 2020.
On the basis of geography, the Asia Pacific region is projected to hold a substantial market share due to the sizeable production of rice bran oil. The North American region is estimated to hold favourable growth prospects due to the high health awareness and rice bran oil benefits leading to high market demand in the forecast period. The growing animal feed industry is propelling the market demand in the forecast period.
The animal feed industry is a competitive market with a large number of suppliers operating in the market owing to the large consumer base, especially in the developing regions like the Asia Pacific region, thus impacting the growth of the global rice bran oil for feed formulations. The demand for animal products is further burgeoning the market demand in the forecast period. The use of feed additive trends is utilized to enhance the nutritional content in an animal which is leading to their increasing adoption, further adding to the growth of the global animal feed industry.
Companies Mentioned
- Ricela Health Foods Ltd.
- BCL Industries Limited
- 3F Industries Ltd.
- Adani Group
- Cargill, Incorporated
- King Rice Oil Group
- Zhejiang Delekang Food Co., Ltd
- Modi Naturals Ltd.
- Sanwa Yushi Co., Ltd.
Key Topics Covered:
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porters Five Forces Analysis
4.5. Industry Value Chain Analysis
5. Global Rice Bran Oil Market Analysis, by Type
5.1. Introduction
5.2. Organic Rice Bran Oil
5.3. Conventional Rice Bran Oil
6. Global Rice Bran Oil Market Analysis, by End-User
6.1. Introduction
6.2. Household
6.3. Commercial
7. Global Rice Bran Oil Market Analysis, by Distribution Channel
7.1. Introduction
7.2. Online
7.3. Offline
8. Global Rice Bran Oil Market Analysis, by Application
8.1. Introduction
8.2. Food & Beverage
8.3. Cosmetics
8.4. Animal Feed
9. Global Rice Bran Oil Market Analysis, by Geography
9.1. Introduction
9.2. North America
9.3. South America
9.4. Europe
9.5. Middle East and Africa
9.6. Asia Pacific
10. Competitive Environment and Analysis
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
11. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/tsy41z
