2. COOKING OIL CONSUMPTION IN VIETNAM
2004 2007 2012 2017
Total vegetable oil
consumption (MT)
314,000 526,000 734,000 983,000
Palm oil (MT) 248,000 404,000 544,000 730,000
Soybean oil (MT) 63,000 117,000 182,000 222,000
Rice bran oil (MT) - - 2,000 7,700
Canola oil (MT) 500 1,400 2,000 4,000
Sunflower oil (MT) 300 500 800 6,000
Olive (MT) 100 600 900 1,000
Other oil (MT) 2,100 2,500 2,300 12,300
RICE BRAN OIL NOW BECOMES THE 3RD MAJOR OIL CONSUMED IN VIETNAM
Total oil consumption by oil type in Vietnam
3. WHY IS RBO GAINING ITS POPULARITY IN VIETNAM?
RICE BRAN OIL NOW BECOMES THE 3RD MAJOR OIL TYPE IN VIETNAM
Rising Income
Since 1990, Vietnam’s GDP per
capita growth has been among
the fastest in the world,
averaging 6.4 percent a year in
the 2000s.
0
500
1000
1500
2000
2500
1995
1997
1999
2001
2003
2005
2007
2009
2011
2013
2015
GDP per capita (USD)
Rising Health Awareness
There is a gradual increase in the awareness of
Vietnamese consumers in healthcare.
Consumers is switching to functional and
healthy foods in their dietary.
Excellent health
benefits of RBO
Rice bran oil is
recognized as a
marvelous oil. The oil
supplements unique
natural gamma-
oryzanols,
phytosterols and
many micronutrients.
Cultural influence
Increased advertising activities
RBO advertising
activities in
Vietnam has
been increased
significantly over
the last few years
Vietnamese consumers are prone to be
influenced by food consuming intention
of Asia more developed countries such as
Japan where rice bran oil has long been
used as a superior oil.
4. PRODUCTION, UTILIZATION AND CHALLENGES
LOW RICE BRAN UTILIZATION FOR PRODUCING RICE BRAN OIL - REASONS?
In Vietnam, only the Mekong Delta has the potential for
producing RBO due to concentrated milling.
The Mekong Delta accounts for 55% of rice bran
availability in Vietnam.
All current RBO extraction plants in Vietnam are
located in the Mekong Delta.
Rice production 12.7 mil MT
Rice bran production 1.56 mil MT
CRBO potential in the Mekong Delta 234 KMT
CRBO production in 2017 23 KMT
Current utilization 10%
5. CHALLENGES IN RICE BRAN OIL INDUSTRY –
LOW OIL CONTENT AND HIGH FFA
LOW OIL CONTENT AND HIGH FFA HIGH PRODUCTION COST, LOW OIL YIELD, UNCOMPETITIVE OIL COST
WHY? WHY?
- Over polishing
- Lack of parboiled rice
- Rice variety
- Lack of parboiled rice
- Tropical weather
- Logistics difficulties
15%
10%
5%
10%
0%
2%
4%
6%
8%
10%
12%
14%
16%
Vietnam China India
(parboiled)
Thailand
Average FFA content in rice bran for extraction
14%
17% 17% 17%
0%
5%
10%
15%
20%
Vietnam China India Thailand
Average oil content in rice bran
