Project Report For Rice Bran Oil
The project report for Rice Bran Oil is as follows.
Rice bran oil is an extremely prevalent vegetable oil which has many benefits over traditional vegetable oils which millions of people usually cook with all around the planet. Rice is among the most easily accessible and famous food items mostly on earth, and rice bran oil is derived from germ and rice kernels. India’s rice bran oil production was estimated more than USD 600 million in 2014 and is anticipated to be more than USD 600 million by 2016. India has 1.4 million tonnes of RBO manufacturing capacity, of which about around 900 kilo tonnes are made. SEA is focusing on products to help established mills improve their manufacturing process.
Just 300 kilo tonne is used for personal use and the remainder is mixed with various edibles and placed on the stock. SEA is projected to grow its level of direct usage on the home market by supporting the related health benefits between customers. Plentiful supply of raw materials in the form of rice, especially in Asian countries, is expected to lead in a steady trading price for both the rice bran oil market during the projected period.
Market potential & Strategy
The edible oil demand is anticipated to be controlled by numerous indian and international companies due to the government ‘s rising dependence on imports in the coming years. Indian rice bran oil production was estimated at more then the USD 600 million in 2014 and is expected to be estimated more than USD 600 million by 2016. India has 1.4 million tonnes of RBO manufacturing capacity, of which only about 900 kilo tonnes are made. Rice bran oil is currently gaining popularity not just in food and nutrition market, but also in cosmetics and personal care field. Global production of rice bran oil increased by around 4.3 per cent during 2011-2018, touching about 1.6 million tonnes in 2018.
The key factors presently driving the global demand for rice bran oil consider its diversified uses, various cooking advantages relative to other edible oils, rising health awareness, aggressive producer advertisements and rising penetration in both developing and developed markets.
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