Market Overview:
The global rice oil market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for rice oil in food, cosmetic, and industrial applications. Rice oil is extracted from the paddy husk or brown rice through various methods such as extraction and squeezing. It has high nutritional value and finds application in food products such as bakery items, confectionery items, snacks, etc. In addition, it is also used in cosmetic products for hair care and skin care purposes. Rice oil also finds use in industrial applications such as lubricants, transformer oils, etc.
Product Definition:
Rice oil is a vegetable oil extracted from the rice bran. It has a mild flavor and is used in cooking, cosmetics, and biodiesel fuel.
Extraction:
Extraction is the process of getting oil from rice. It is a mechanical procedure that removes the majority of oil in a controlled way. The extraction process varies according to different oils and types of rice. In general, it takes about 2-3 hours for complete extraction depending upon factors such as type and quality of rice, temperature, viscosity and other conditions.
Squeezing:
Squeezing is the process of compressing or extracting a liquid in order to obtain all the possible benefits from it. In rice oil industry, there are different types of squeezing such as mechanical, pneumatic and hydraulic which are used for different applications.
Mechanical Squeezing: This type of squeezing is done manually with the help of various tools like funnels, cones and others.
Application Insights:
The food application segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth of this segment can be attributed to rising demand for rice oil-based products such as mayonnaise, salad dressings, sauces, and bakery products from emerging economies including China and India. Mayonnaise made with these oils has a nutty taste owing to its high content of monounsaturated fatty acids (MUFAs). MUFAs are known to reduce cholesterol levels when consumed in natural forms or through dietary supplements. This factor is likely to promote the use of rice oil mayonnaise across various applications including sandwiches, wraps, burgers etc., thereby driving product demand over the next few years.
Regional Analysis:
Asia Pacific is expected to witness the fastest growth over the forecast period owing to high product demand from various application segments, including food and beverage, cosmetic and personal care products. The region accounted for a volume share of more than 70% in 2017. Increasing population coupled with rising disposable income levels in emerging economies such as China and India are likely to drive product demand over the next eight years.
China is one of the leading producers of rice that supplies oil extracted from its seeds globally. In addition, factors such as favorable government policies promoting domestic production along with increasing R&D activities by key players are anticipated to boost market growth in Asia Pacific during the forecast period.
Growth Factors:
- Increasing demand for biofuels: The global demand for biofuels is increasing rapidly due to the rising concerns about climate change and energy security. Rice oil can be used as a feedstock for biodiesel production, which is why its market is expected to grow at a rapid pace in the coming years.
- Rising population and income levels in developing countries: The population of developing countries is growing rapidly, while their income levels are also rising steadily. This is resulting in an increase in the demand for food items like rice, which in turn is driving the growth of the rice oil market.
- Growing popularity of healthy diets: There has been a growing trend towards healthy diets around the world in recent years, with people becoming more aware of the health benefits of consuming oils like rice oil instead of unhealthy alternatives like palm oil or soybean oil. This is helping to drive growth in the rice oil market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rice Oil Market Research Report
By Type
Extraction, Squeezing
By Application
Food, Cosmetic, Industry, Other
By Companies
Ricela, Kamal, BCL, SVROil, Vaighai, A.P. Refinery, 3F Industries, Sethia Oils, Jain Group of Industries, Shivangi Oils, Balgopal Food Products, King Rice Oil Group, CEO Agrifood Limited, Kasisuri, Surin Bran Oil, Agrotech International, Tsuno Rice Fine Chemicals, Oryza Oil & Fat Chemical, Wilmar International, Wanyuan Food & Oil, Jinrun, Shanxin, Jinwang
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Rice Oil Market Report Segments:
The global Rice Oil market is segmented on the basis of:
Types
Extraction, Squeezing
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food, Cosmetic, Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ricela
- Kamal
- BCL
- SVROil
- Vaighai
- A.P. Refinery
- 3F Industries
- Sethia Oils
- Jain Group of Industries
- Shivangi Oils
- Balgopal Food Products
- King Rice Oil Group
- CEO Agrifood Limited
- Kasisuri
- Surin Bran Oil
- Agrotech International
- Tsuno Rice Fine Chemicals
- Oryza Oil & Fat Chemical
- Wilmar International
- Wanyuan Food & Oil
- Jinrun
- Shanxin
- Jinwang
Highlights of The Rice Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Extraction
- Squeezing
- By Application:
- Food
- Cosmetic
- Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Rice Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Rice oil is a type of vegetable oil that is extracted from the kernel of white rice. It has a high smoke point, making it ideal for use in cooking and as a carrier oil for other ingredients.
Some of the major players in the rice oil market are Ricela, Kamal, BCL, SVROil, Vaighai, A.P. Refinery, 3F Industries, Sethia Oils, Jain Group of Industries, Shivangi Oils, Balgopal Food Products, King Rice Oil Group, CEO Agrifood Limited, Kasisuri, Surin Bran Oil, Agrotech International, Tsuno Rice Fine Chemicals, Oryza Oil & Fat Chemical, Wilmar International, Wanyuan Food & Oil, Jinrun, Shanxin, Jinwang.
The rice oil market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rice Oil Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Rice Oil Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Rice Oil Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Rice Oil Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Rice Oil Market Size & Forecast, 2018-2028 4.5.1 Rice Oil Market Size and Y-o-Y Growth 4.5.2 Rice Oil Market Absolute $ Opportunity
Chapter 5 Global Rice Oil Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Rice Oil Market Size Forecast by Type
5.2.1 Extraction
5.2.2 Squeezing
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Rice Oil Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Rice Oil Market Size Forecast by Applications
6.2.1 Food
6.2.2 Cosmetic
6.2.3 Industry
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rice Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Rice Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Rice Oil Analysis and Forecast
9.1 Introduction
9.2 North America Rice Oil Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Rice Oil Market Size Forecast by Type
9.6.1 Extraction
9.6.2 Squeezing
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Rice Oil Market Size Forecast by Applications
9.10.1 Food
9.10.2 Cosmetic
9.10.3 Industry
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Rice Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Rice Oil Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Rice Oil Market Size Forecast by Type
10.6.1 Extraction
10.6.2 Squeezing
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Rice Oil Market Size Forecast by Applications
10.10.1 Food
10.10.2 Cosmetic
10.10.3 Industry
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Rice Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Rice Oil Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Rice Oil Market Size Forecast by Type
11.6.1 Extraction
11.6.2 Squeezing
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Rice Oil Market Size Forecast by Applications
11.10.1 Food
11.10.2 Cosmetic
11.10.3 Industry
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Rice Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Rice Oil Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Rice Oil Market Size Forecast by Type
12.6.1 Extraction
12.6.2 Squeezing
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Rice Oil Market Size Forecast by Applications
12.10.1 Food
12.10.2 Cosmetic
12.10.3 Industry
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Rice Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Rice Oil Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Rice Oil Market Size Forecast by Type
13.6.1 Extraction
13.6.2 Squeezing
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Rice Oil Market Size Forecast by Applications
13.10.1 Food
13.10.2 Cosmetic
13.10.3 Industry
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Rice Oil Market: Competitive Dashboard
14.2 Global Rice Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ricela
14.3.2 Kamal
14.3.3 BCL
14.3.4 SVROil
14.3.5 Vaighai
14.3.6 A.P. Refinery
14.3.7 3F Industries
14.3.8 Sethia Oils
14.3.9 Jain Group of Industries
14.3.10 Shivangi Oils
14.3.11 Balgopal Food Products
14.3.12 King Rice Oil Group
14.3.13 CEO Agrifood Limited
14.3.14 Kasisuri
14.3.15 Surin Bran Oil
14.3.16 Agrotech International
14.3.17 Tsuno Rice Fine Chemicals
14.3.18 Oryza Oil & Fat Chemical
14.3.19 Wilmar International
14.3.20 Wanyuan Food & Oil
14.3.21 Jinrun
14.3.22 Shanxin
14.3.23 Jinwang