GCC Rice Bran Oil Market

GCC Rice Bran Oil Market Overview:

The GCC rice bran oil market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. The market is projected to register a CAGR of X% during 2023-2028, reaching US$ XX Billion by 2028. Rice bran oil (RBO), also known as rice bran extract, is an edible vegetable oil obtained from the outer brown layer of rice known as chaff or rice husk. It is refined by different chemical and physical processes involving numerous steps such as settling or filtration of bran fines, degumming, dewaxing, deacidification, bleaching, and deodorization. It contains antioxidants, fatty acids, vitamin E, and natural bioactive phytoceuticals such as tocotrienols, squalene, lecithin, tocopherols, and gamma oryzanol. It is light in texture, has a neutral taste and a mild flavor, provides delicate flavors, can be blended with less stable oils, and is suitable for high-temperature cooking such as stirring and deep-frying. In addition, it improves the nervous system, increases high-density lipoprotein (HDL) cholesterol, prevents cancer, promotes heart health and healthy blood sugar levels, and minimizes insulin resistance. As a result, rice bran oil is gaining popularity across the GCC region.

The market is primarily driven by the growing awareness regarding the various health benefits associated with consuming rice bran oil. In addition, the escalating demand for nutrient-rich, gluten-free, low-fat edible oil, which aid in weight loss, boosts immunity, and has a longer shelf life, is contributing to the market growth. Moreover, there has been increasing use of rice bran oil as it has saturated, monosaturated, and polyunsaturated fats that are healthier than vegetable oils, which is also accelerating the product adoption rate across the region. Besides this, the widespread adoption of RBO in the cosmetics industry due to the presence of oryzanol that prevents aging, promotes hair growth, minimizes dark spots, treats eczema, fights acne, and protects skin from ultraviolet (UV) rays represents another major growth-inducing factor. Along with this, it is also used in the personal care sector to produce lotions, moisturizers, soaps, and hair care products. Furthermore, rapid urbanization, rising disposable incomes, changing lifestyles, increasing investment in research and development (R&D) activities, and mergers and acquisitions (M&A) between RBO competitors are some of the other factors creating a positive market outlook across the GCC region.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC rice bran oil market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC rice bran oil market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC rice bran oil market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC rice bran oil market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC rice bran oil market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC rice bran oil market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC rice bran oil market industry. Furthermore, the value chain analysis of the GCC rice bran oil market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.

GCC Rice Bran Oil Market Segment Insights:

The GCC rice bran oil market has been analysed as followed:

Segmentation by End-use:

• Edible
• Industrial

Segmentation by Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Rice Bran Oil Market Report:

• Historical and current scenario
• Trends and developments
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customization:

The GCC rice bran oil market report can be customized to as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.