India dominates the global ricebran oil demand, contributing significantly more than any other country, with China and Japan trailing behind. In 2023, India's share grew slightly by 0.21%, while China's demand increased more notably by 0.35%. Remarkably, Cambodia showed the highest growth rate at 1.49%. Other countries like North Korea experienced a negative growth with a decrease of -1.59%. Thailand's demand witnessed a significant increase of 8.45%, indicating a sizable uptick in consumption despite its small base.
Looking ahead, expect steady growth in India and China, driven by rising health awareness and dietary shifts. Thailand's current trend suggests potential for becoming a more significant player in the ricebran oil market. Monitoring new market entrants and technological advancements in production may further influence demand dynamics globally.
Top countries in Ricebran Oil Demand Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 66.5 | 2023 | +0.15% | +0.21% | View data |
| 2 | 2 China | 11.39 | 2023 | 0% | +0.35% | View data |
| 3 | 3 Japan | 8.37 | 2023 | 0% | 0% | View data |
| 4 | 4 Myanmar | 2.43 | 2023 | 0% | 0% | View data |
| 5 | 5 South Korea | 1.75 | 2023 | 0% | 0% | View data |
| 6 | 6 Vietnam | 1.46 | 2023 | +7.14% | View data | |
| 7 | 7 Cambodia | 1.36 | 2023 | 0% | +1.49% | View data |
| 8 | 8 North Korea | 1.17 | 2023 | 0% | -1.59% | View data |
| 9 | 9 Thailand | 0.88 | 2023 | 0% | +8.45% | View data |
| 10 | 10 Nepal | 0.88 | 2023 | 0% | 0% | View data |
