The global rice bran oil market size is expected to reach USD 6.25 billion by 2030, registering a CAGR of 3.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. 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 dominated the market in 2023. 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 grow at the fastest CAGR from 2024 to 2030.

The online segment dominated the market in 2023 due to convenience, wider access, improving internet connectivity and shifting customer trends.  The offline market is expected to grow at the fastest CAGR from 2024 to 2030. Popularity of e-commerce sites and rising number of manufacturers establishing their own websites are driving the growth of this segment. The Asia Pacific region dominated the global rice bran oil market and held the highest market revenue share of 37.8% in 2023, driven by factors such as abundant rice production, increasing health consciousness, and a growing preference for natural and healthier cooking oils.

Gather more insights about the market drivers, restrains and growth of the Rice Bran Oil Market

Rice Bran Oil Market Report Highlights

• The non-organic dominated the market and accounted for a revenue share of 87.0% in 2023 and it is expected that it will keep growing in the rice bran oil market for the forecast period.

• The organic segment is expected to grow at the fastest CAGR of 4.7% from 2024 to 2030. Consumers are becoming more conscious of the health impacts of using organic products such as rice bran oil.

• The food & beverage dominated the market in 2023. This growth can be attributed to its exceptional nutritional profile, versatile cooking properties, health benefits, alignment with consumer trends towards natural products, sustainability considerations, market growth potential, and supportive regulatory frameworks.

• The online segment dominated the market in 2023 due to convenience, wider access, improving internet connectivity and shifting customer trends.

• The Asia Pacific region dominated the global rice bran oil market and held the highest market revenue share of 37.8% in 2023.

Rice Bran Oil Market Segmentation

Grand View Research has segmented global rice bran oil market report based on type, application, distribution channel, and region:

Rice Bran Oil Type Outlook (Revenue, USD Million, 2018 - 2030)

• Organic

• Non-Organic

Rice Bran Oil Application Outlook (Revenue, USD Million, 2018 - 2030)

• Food & Beverage

• Nutraceutical

• Animal Feed

• Others

Rice Bran Oil Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Offline

• Online

Rice Bran Oil Regional Outlook (Revenue, USD Million; 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o UK

o Germany

o Spain

• Asia Pacific

o Japan

o China

o India

o South Korea

• Latin America

o Brazil

o Argentina

• MEA

o South Africa

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