Project report for Rice bran oil
Project report for Rice bran oil is as follows
Rice bran oil is an increasingly popular vegetable oil that offers many advantages over standard vegetableoils that millions of people commonly cook with all over the world.Rice is one of the most widely available and popular food stuffs on the planet,and rice bran oil is extracted from the germ and the husk of rice kernels.India rice bran oil market size was valued over USD 600 million in 2014 and is likely to be worth more than USD 600 million by 2016. India has 1.4 million tons of RBO production potential of which only around 900 kilo tons is only produced. SEA is working on plants to help existing mills to upgrade their production process. Only 300 kilo ton is used for direct consumption and rest is blended with different edibles and is sold in the market. SEA is expected to increase its direct consumption levels in the domestic market by promoting associated health benefits among consumers. Abundant raw material availability in the form of rice particularly in Asian countries is likely to result in stable rice bran oil market price trend over the forecast period. Production is majorly concentrated in countries such as India, China, Japan, Thailand and Vietnam.India is the second-largest producer of Rice bran oil after China and the country has the potential to produce more than 1.4 million tonnes of rice bran oil.Rice Bran Oil market in India is still at its nascent stage,but the segment has showcased immense growth in the past few years.
Product / Services & process
We produce high quality Rice bran Oil. The Rice bran oil benefits are surplus. It has a large number of benefits that help in keeping the body healthy and strong.
Market potential & Strategy
The edible oil market is expected to be dominated by various national and multinational players due to the increasing import dependence of the country in the near future . Indian rice bran oil market size was valued over USD 600 million in 2014 and is likely to be worth more than USD 600 million by 2016. India has 1.4 million tons of RBO production potential of which only around 900 kilo tons is only produced. Rice bran oil is presently gaining prominence not only in the food and nutrition sector but also in the cosmetics and personal care sector. The global rice bran oil production has grown at a CAGR of around 4.3% during 2011-2018, reaching a volume of around 1.6 Million Tons in 2018. The major factors that are currently driving the global rice bran oil market include its diversified applications, numerous cooking benefits compared to other edible oils, growing health consciousness, aggressive promotions by manufacturers and increasing penetration levels in both developed and emerging markets. Increasing consumer health consciousness from edible oils to reduce cholesterol levels is likely to support rice bran oil market growth up to 2023. It is globally promoted as premium product with anti-oxidant properties and is available at competitive prices in comparison to olive oil. Good distribution channel and quality products can defenitely make the projects a real viable one.