The Global Rapeseed Oil Market size is expected to grow from USD 24,466.61 Million in 2023 to USD 35,591.07 Million by 2030, at a CAGR of 5.50% during the forecast period (2023-2030).

Market Overview:

The global rapeseed oil market represents a significant segment within the global edible oil industry, driven by the versatile applications, health benefits, and widespread availability of rapeseed oil. Derived from the seeds of the rapeseed plant, also known as canola in some regions, rapeseed oil serves as a popular cooking oil due to its neutral flavor, high smoke point, and favorable fatty acid composition.

Key factors fueling the growth of the rapeseed oil market include its increasing adoption in food processing, culinary applications, and as a feedstock for biofuel production. Rapeseed oil is widely used in various food products, including salad dressings, margarine, sauces, and baked goods, owing to its excellent emulsifying properties and nutritional profile, rich in omega-3 fatty acids and antioxidants.

Top Key Players Covered In The Rapeseed Oil Market:

Archer-Daniels-Midland Company (USA), Bunge Limited (USA),Cargill Incorporated (USA), Conagra Brands Inc. (USA), Cullise Ltd. (UK), Interfat SA (Spain), Louis Dreyfus Company B.V. (Netherlands), Mackintosh of Glendaveny (UK), Ola Oils Limited and Yorkshire Rapeseed Oil (UK), American Vegetable Oils Inc. (USA), Adani Wilmar Ltd. (India),Associated British Foods plc. (UK),Adams Group Inc. (USA), Marico Limited (India), Borges International Group S.L.U (Spain), Ruchi Soya Industries Limited – (India) and other key players.

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Key Chapter Will Be Provided In The Report

  • Patent Analysis
  • Regulatory Framework
  • Technology Roadmap
  • BCG Matrix
  • Heat Map Analysis
  • Price Trend Analysis
  • Investment Analysis
  • Company Profiling and Competitive Positioning
  • Industry Value Chain Analysis
  • Market Dynamics and Factors
  • Porter’s Five Forces Analysis
  • Pestle Analysis
  • SWOT Analysis

 

Market Driver:

Health and Wellness Trend: A primary driver for the rapeseed oil market is the global emphasis on health and wellness. As consumers become more health-conscious, there is a growing preference for cooking oils with a favorable nutritional profile. Rapeseed oil, with its low saturated fat content and high levels of beneficial omega-3 fatty acids, fits well into this health-conscious narrative. The market experiences increased demand as consumers seek oils that align with their dietary preferences, contributing to the overall growth of the rapeseed oil industry.

Market Opportunity:

Sustainable and Locally-sourced Production: An opportunity for market expansion lies in promoting sustainable and locally-sourced production practices. With sustainability becoming a key consideration for consumers, there is a growing interest in products that adhere to environmentally friendly and ethical production methods. Producers that emphasize sustainable agriculture, reduced carbon footprint, and transparent supply chains can position themselves to capitalize on the increasing demand for ethically sourced rapeseed oil. This presents an opportunity for differentiation and market penetration, particularly in regions where sustainability is a priority for consumers.

Segmentation Analysis Of The Rapeseed Oil Market

By Type          

  • Processed
  • Virgin

By Nature      

  • Conventional
  • Organic

By Application          

  • Food Processing
  • Bio Fuel
  • Cosmetics & Personal Care
  • Animal Feed
  • Others

By Extraction Process

  • Aqueous Process
  • Enzyme Based Process

By Distribution Channel       

  • Supermarkets And Hypermarkets
  • Independent Retail Stores
  • Business To Business
  • Online Sales Channels

By Region      

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

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Key Industry Developments In The Rapeseed Oil Market

  • In January 2021, the Indian government announced that it would be increasing the import duty on crude and refined vegetable oils, including rapeseed oil, in order to protect domestic oilseed farmers and processors.
  • In July 2021, the European Union's biofuels industry called for an increase in the use of rapeseed oil as a feedstock for biodiesel, citing its low carbon footprint and high sustainability credentials.

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4) Learn about the Rapeseed Oil Market strategies that are being adopted by leading respective organizations.

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