Middle East and Africa Rice Bran Oil Market

Middle East and Africa Rice Bran Oil Market Analysis:

Middle East and Africa Rice Bran Oil Market is expected at USD xx.xx million in 2021 and is anticipated to extent an over of USD xx.xx million by the end of the assessment period. The Middle East and Africa Rice Bran Oil Market is estimated to experience reasonable growth to record a CAGR of xx.xx% throughout the estimate period (2022 - 2027).

Rice bran oil is an edible oil that is derived from the inner husk of rice. It is considered one of the most nutritious and healthy edible oils because it contains a large amount of natural bioactive nutraceuticals such as γ-Oryzanol, tocopherols, tocotrienols and sterols with a balanced composition of fatty acids. Additionally, rice bran oil is known to have high antioxidant stability and a high smoke point, making it ideal for cooking and frying.

Recent Developments

NutraCea (NTRZ), a world leader in stabilized rice bran (SRB), nutrient research and technology, announced today that it has completed the purchase of Irgovel, the largest rice bran oil processing plant in South America, for a price purchase of about $ 14 million. The 70,000 tonnes annual capacity facility located in Pelotas, Brazil, offers NutraCea the ability to sell rice bran oil in addition to its full portfolio of proprietary and proprietary stabilized rice bran products and second stage derivatives in the Brazilian market and worldwide. NutraCea announced its intention to purchase the facility on February 4 subject to certain closing conditions, which are now being met.

In another step to establish itself as a food brand rather than just a player in edible oils, Adani Wilmar Ltd (AWL) has acquired a new logo for its 'Fortune' brand. Although it now operates in five categories including edible oil, legumes, rice, wheat flour (attack) and sugar, more than 90% of consumers still associate the Fortune brand with edible oil, said Adani Wilmar Deputy Managing Director Angshu Mallick, citing an investigation.

Pittsburgh-based EQT Corp. is on track to become the largest natural gas producer in the United States after announcing that it will acquire another shale drill, Rice Energy. After the shutdown, EQT production will total 3.6 billion cubic feet of natural gas per day, surpassing US production from large oil tanker Exxon Mobil and shale drilling pioneer Chesapeake Energy. The acquisition expands EQT's presence in the Marcellus and Utica shale regions. The underlying Pennsylvania, Ohio, and West Virginia area is the epicenter of an American natural gas boom produced by hydraulic fracturing, the process of injecting water, minerals and chemicals underground to release oil and gas from rock formations.

Market Drivers and Restraints:

The growing awareness of the multiple health benefits that rice bran oil offers has increased its consumption. This, in conjunction with the high demand for foods and beverages low in fat and with high nutritional content, is driving the growth of the market. In addition, the World Health Organization (WHO) and the American Heart Association have approved the use of rice bran oil, claiming that its composition of monounsaturated, polyunsaturated and saturated fats is much safer compared to the composition of the most other vegetable oils. Since this oil contains oryzanol that stimulates hair growth, protects the skin from UV rays and prevents aging, it has become an essential component in the cosmetic and pharmaceutical industries for the manufacture of soaps, moisturizers, lotions and products for hair care. Other key factors contributing to market growth include rapid urbanization, increasing disposable income, lifestyle change, aggressive promotions from manufacturers, and increasing penetration of developed and emerging markets.

Market Segmentation

The Middle East and Africa Rice Bran Oil Market can be segmented according to Application, Distribution Channel, and End User. Depending on the Application it can be divided into pharmaceuticals, cosmetics, food and beverages, and others. On the basis on Distribution Channel for Middle East and Africa Rice Bran Oil Market it can be divided into online retail, Departmental stores, Supermarkets/Hypermarkets, and Others. Depending on the end user, the market is segmented into direct customer and industry.

Impact of COVID-19 on Middle East and Africa Rice Bran Oil Market

The lockdown is expected to affect Middle East and Africa’s food and agri-food industry, with logistical disruptions and restricted movement of labor. Workers migrate to their places of origin from the cities. This will have an impact on the availability of raw materials, the operations of the manufacturing facilities after possible closures, the disruption of import / export ports, and the availability of labor during the next harvest season, for example, and a slowdown in the rate at which grocery stores stock up, leading to supply, demand imbalances and increased price volatility. The lockdown will also have a significant impact on small informal businesses and lead to job losses, including daily gambling. Combined with an economic downturn, farmer / consumer incomes will undoubtedly suffer.

Regional Analysis

The market for Middle East and Africa Rice Bran Oil has been classified on the basis of geography to offer a clear understanding of the market. The Middle East and Africa Rice Bran Oil Market has been divided into South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, and Rest of Middle East and Africa. Middle East and Africa is also believed to have a prominent share in the Middle East and Africa Rice Bran Oil Market and the growing awareness of rice bran oil is expected to drive market growth in the rest of the world. Additionally, manufacturers are investing heavily in emerging markets with new product launches that are expected to accelerate Middle East and Africa Rice Bran Oil Market growth over the forecast period.

Leading Company

Ricela Helath Foods had the largest share of the Middle East and Africa Rice Bran Oil Market in terms of sales revenue in 2021.

Key Players

The Middle East and Africa Rice Bran Oil Market is concentrated with well-established players. Key players in the Middle East and Africa Rice Bran Oil Market include Vaighai Agro Products Ltd., Ricela Helath Foods, Harwin Agro Enterprises, Modi Naturals Ltd, Malar Solvent, Sethia and A.P. Refineries, 3F Industries Ltd, and BCL Industries & Infrastructure.