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India is the second largest producer of rice in the world, with annual production exceeding 152 million metric tons (FAOSTAT, 2012). Each year, 63 to 76 million tons of rice bran (rice milling by-product) is produced in the world and more than 90% of rice bran is sold cheaply as animal feed. Therefore stabilized edible rice bran product will be a good candidate to fulfil the rising demand for organic natural ingredients coupled with increased alertness to prevent and control the lifestyle diseases such as diabetes, cardiovascular diseases among others.