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Rice Bran Oil Market to Gain High Demand Owing to Ever-Increasing Health Consciousness Related to Edible Oil Consumption Till 2025 | Million Insights
The American Heart Association and World Health Organization (WHO) have given a nod to propagation of rice bran oil. This factor is expected to bolster the rice bran oil market. Plus, this oil is one of the ingredients of biscuits, pizza, cookies, and cakes. The ratio is up to 20%. This adds to the taste along with simplifying chewing of bakery products.
The Asian economies are home to abundant rice as a raw material to rice bran oil. This shows that Vietnam , Thailand , Japan , China , and India would be the torchbearers in terms of exporting rice bran oil in the upcoming period. Formation of International Council of Rice Bran Oil (ICRBO) in 2013 has given an impetus to uniformity in commerce & trade among member economies and also improving communication amongst the manufacturers, academic researchers, and local governments. It is also working toward sponsoring training programs for members involved in technical development and work.
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A positive development with India is that its SEA (Solvent Extractors Association) is on ICRBO board to promote rice bran oil in different parts of India as one of the richest sources of vitamin E coupled with high oryzonal content.
Personal care & cosmetics are also boosting the rice bran oil industry. Oryzol provides protection against UV light and finds its presence in sunscreen lotions. Ferulic acid therein aids in catalyzing hair growth and averts aging. In the U.S. and Japan , bath soaps also have rice bran oil as an ingredient.
The global rice bran oil market is segmented based on geography into the U.S., Russia , South Africa , UAE, Saudi Arabia , Mexico , Brazil , South Korea , Japan , India , China , Italy , and U.K. The players contributing to the market include BCL Industries & Infrastructure, Sethia and A.P. Refineries Pvt. Ltd., 3F Industries Ltd., and Ricela Health Foods.
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