The global rice bran oil market in 2024 shows India's dominance with a market share of 48.61 thousand metric tons, followed by China at 24.95 thousand metric tons. From 2023 to 2024, India saw a modest growth of 0.53%, while China grew by 0.35%. Vietnam and Thailand experienced notable increases of 6.4% and 8.45% respectively in the same period. Other countries, including South Korea, North Korea, Nepal, Pakistan, Laos, and Bangladesh, displayed static performance over this timeframe.
Future trends to watch:
- Asia-Pacific regions are likely to continue leading market growth due to increased health awareness and the nutritional benefits of rice bran oil.
- Potential expansion in Western markets driven by a rise in demand for healthier cooking oil alternatives.
- Technological advancements in refining processes might boost production efficiency and output.
Top countries in Ricebran Oil Market Size Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 48.61 | 2023 | +0.88% | +0.53% | View data |
| 2 | 2 China | 24.95 | 2023 | 0% | +0.35% | View data |
| 3 | 3 South Korea | 3.84 | 2023 | 0% | 0% | View data |
| 4 | 4 Vietnam | 3.2 | 2023 | +7.14% | +6.4% | View data |
| 5 | 5 North Korea | 2.77 | 2023 | 0% | 0% | View data |
| 6 | 6 Thailand | 1.92 | 2023 | 0% | +8.45% | View data |
| 7 | 7 Nepal | 1.92 | 2023 | 0% | 0% | View data |
| 8 | 8 Pakistan | 1.28 | 2023 | 0% | 0% | View data |
| 9 | 9 Laos | 1.07 | 2023 | 0% | 0% | View data |
| 10 | 10 Bangladesh | 0.64 | 2023 | 0% | 0% | View data |
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