Global Rapeseed Oil Market Size By Nature (Conventional And Organic), By End-Use (Cosmetic and Personal Care, Food and Beverage, Animal Feed), By Geography Scope And Forecast
Report ID: 312351|No. of Pages: 202
Global Rapeseed Oil Market Size By Nature (Conventional And Organic), By End-Use (Cosmetic and Personal Care, Food and Beverage, Animal Feed), By Geography Scope And Forecast
Rapeseed Oil Market Size And Forecast
Rapeseed Oil Market size was valued at USD 43.7 Billion in 2022 and is projected to reach USD 68.7 Billion by 2030, growing at a CAGR of 5.80% from 2023 to 2030.
The demand for healthy cooking oils like Rapeseed Oil is projected to rise as people become more health conscious. The Global Rapeseed Oil Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Rapeseed Oil Market Definition
The seeds of the rapeseed plant are used to make vegetable oil known as Rapeseed Oil. The rapeseed plant is a member of the Brassicaceae family and is linked to other cruciferous vegetables including mustard, broccoli, and cabbage. Rapeseed Oil has a generally high smoke point and a neutral flavor, making it a popular cooking oil. In addition to being a strong source of vitamin E, it is high in beneficial fats like omega-3 and omega-6 fatty acids. Rapeseed Oil has various purposes besides cooking, including making biodiesel, and lubricating machinery, and is an ingredient in a variety of cosmetic and personal care items.
Even though the two phrases officially belong to separate kinds of rapeseed plants, Rapeseed Oil is occasionally also referred to as canola oil. Erucic acid and glucosinolates, two naturally occurring chemicals in rapeseed that can be hazardous in high doses, have been bred out of canola oil by selective breeding. As a result, although both rapeseed and canola oils are frequently used in cooking and other uses, canola oil is typically regarded as a healthier alternative.
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Global Rapeseed Oil Market Overview
Omega-3 and omega-6 fatty acids, which are abundant in Rapeseed Oil and have been associated with a lower risk of heart disease, stroke, and other health concerns. The demand for healthy cooking oils like Rapeseed Oil is projected to rise as people become more health conscious. Rapeseed Oil is also adaptable for use in a variety of cooking applications, including frying, baking, and roasting. It also has a neutral taste and a relatively high smoke point. The need for cooking oils that are appropriate for high-heat cooking increases along with the demand for convenience foods and ready-to-eat meals.
Rapeseed is not as commonly farmed as other oilseeds, such as soybeans or palm, hence the availability of Rapeseed Oil may be constrained in some areas. Rapeseed Oil, on the other hand, is a more environmentally friendly substitute for some other cooking oils, including palm oil, which has been connected to deforestation and other environmental problems. The demand for environmentally friendly goods like Rapeseed Oil is projected to rise as consumers become more conscious of the effects of their purchase decisions on the environment.
Global Rapeseed Oil Market Segmentation Analysis
The Global Rapeseed Oil Market is segmented on the basis of Nature, End-Use, And Geography.
Rapeseed Oil Market, By Nature
- Conventional
- Organic
Based on Nature, the market is segmented into Conventional, Organic, and Others. Conventional Rapeseed Oil is a form of vegetable oil that is derived from the seeds of the rapeseed plant by a process of mechanical pressing and solvent extraction. Due to its neutral flavor and relatively high smoke point, it is frequently used for cooking, baking, and frying. Organic Rapeseed Oil is a form of vegetable oil that is derived from the seeds of the rapeseed plant through a process of mechanical pressing and solvent extraction but with a focus on utilizing only organic procedures and inputs.
This means that rapeseed plants are produced without the use of synthetic fertilizers, pesticides, or genetically modified organisms (GMOs) and that the oil extraction process is also done without the use of chemical solvents or other synthetic additives. Organic Rapeseed Oil is frequently considered a healthier and more sustainable option than conventional Rapeseed Oil, as it is free from potentially hazardous chemicals and GMOs, and is produced using farming practices that are better for the environment. Organic Rapeseed Oil is also abundant in healthy fats, including omega-3 and omega-6 fatty acids, and is a strong source of vitamin E.
Rapeseed Oil Market, By End-Use
- Cosmetic and Personal Care
- Food and Beverage
- Animal Feed
- Biodiesel
- Household/Retail
Based on End-Use, The market is divided into Cosmetic and Personal Care, Food and Beverage, Animal Feed, Biodiesel, and Household/Retail. Rapeseed Oil has been recognized by the food and beverage sector for various reasons, including its neutral taste, high smoke point, and adaptability. Because Rapeseed Oil has a neutral flavour, the flavors of other components are not overpowered by it.
Due to this, it is a well-liked option for a variety of foods, such as salad dressings, marinades, and baked goods. Also, Rapeseed Oil has a relatively high smoke point, which means it may be used for high-heat cooking methods such as frying and roasting without breaking down and producing hazardous components.
Rapeseed Oil Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the Basis of Geography, The Global Rapeseed Oil Market is segmented into North America, Europe, Asia Pacific, Rest of the World. The biggest market share was held by Asia-Pacific in 2022. The Asia Pacific region has a vast and expanding population, which is driving demand for edible oils, notably Rapeseed Oil. Additionally, as earnings rise and dietary habits change, customers are increasingly opting for healthier cooking oils like Rapeseed Oil. Also, The food and beverage industry in the Asia Pacific area is also boosting demand for Rapeseed Oil, as it is a versatile and economical cooking oil that can be used in a wide range of items, including processed foods, snacks, and baked goods.
Key Players
The “Global Rapeseed Oil Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Cullise, Folba Oil Limited SDN, Mackintosh of Glendaveny, Ola Oils, Pacific Coast Canola, RISOIL S.A, ConAgra Foods Inc., Yorkshire Rapeseed Oil, The Archer Daniels Midland Company, and Cargill Incorporated.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.
Key Developments
- January 2023, Less than a month after opening its soybean derivatives market to foreign traders, China has now made edible oil and oilseed futures and options available to foreign investors. Rapeseed Oil, rapeseed meal, and peanut kernel futures and options are now available to foreign dealers on the Zhengzhou Commodity Exchange. The margin can be expressed in US dollars.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Rapeseed Oil Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behaviour of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the global Rapeseed Oil Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2019-2030 |
| BASE YEAR | 2022 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2019-2021 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Cullise, Folba Oil Limited SDN, Mackintosh of Glendaveny, Ola Oils, Pacific Coast Canola, RISOIL S.A, ConAgra Foods Inc., Yorkshire Rapeseed Oil, The Archer Daniels Midland Company, and Cargill Incorporated. |
| SEGMENTS COVERED |
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| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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Data Collection Matrix
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Industry Analysis Matrix
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