Rice Bran Oil Market Shows Exceptional Growth Potential, an Industrial Info Market Brief

Rice bran oil is used for edible and pharmaceutical purposes. According to Market Talk News, the major producers of rice bran oil are India, China, Japan and Thailand. India is the largest consumer of the oil, with consumption of 1 million tons per year. India's production of rice bran oil is more than 980,000 tons per year and is increasing by about 40,000 to 50,000 tons per year. The global rice bran oil market is expected to increase from $1.17 billion in 2019 to $1.39 billion by 2024.