As of 2023, India's ricebran oil demand was approximately 680 thousand metric tons. The forecasted demand for 2024 is expected to reach 681.78 thousand metric tons, showing a steady year-on-year increase over the next few years to 686.56 thousand metric tons by 2028. This reflects a gradual annual growth. The five-year compound annual growth rate (CAGR) is modest, indicating a steady but slow rise in demand.

Future trends to watch for include:

Potential shifts in consumer preferences towards healthier oils which might affect demand positively.
Fluctuations in rice production and by-product availability influencing ricebran oil supply.
Government policies on edible oils import which could impact domestic production incentives.