The Rapeseed Oil by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Rapeseed Oil , The rapeseed oil market size has grown strongly in recent years. It will grow from $24.81 billion in 2023 to $26.27 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to growing demand for edible oils, healthy oil perception, biodiesel production, expansion of rapeseed cultivation, diverse applications, nutritional benefits, cooking oil preferences..
The rapeseed oil market size is expected to see strong growth in the next few years. It will grow to $32.78 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to shift towards plant-based diets, rising health consciousness, clean label preferences, global population growth, trade agreements and tariffs.. Major trends in the forecast period include technological innovations, sustainable and organic production practices, innovations in processing technologies, quality certification and traceability, market challenges from alternative oils..
An increase in demand for biodiesel is expected to propel the growth of the rapeseed oil market going forward. Biodiesel is a biodegradable, renewable fuel produced domestically from vegetable oils, animal fats, or recycled restaurant grease. Biodiesel energy is produced using oil from rapeseed or canola seed, two edible crop kinds. Canola or edible rapeseed biodiesel gels at a lower temperature than biodiesel derived from other feedstocks, making canola biodiesel a better fuel for colder climates. For instance, according to an article published by the Union for the Promotion of Oil and Protein Plants (UFOP), a Germany-based organization responsible for oil and protein crop cultivation, processing, and marketing, the consumption of biodiesel and hydrotreated vegetable oil for blending was estimated to be over 1.23 million tons in the first half of 2022. This represents a 6.3% increase over the same period in 2021. Therefore, an increase in demand for biodiesel is driving the growth of the rapeseed oil market.
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The rapeseed oil market covered in this report is segmented –
1) By Type: Processed, Virgin
2) By Nature: Organic, Conventional
3) By Extraction Process: Aqueous Process, Enzyme Based Process
4) By Distribution Channel: Supermarkets And Hypermarkets, Online Stores, Specialty Stores, Retail Stores, Other Distribution Channels
5) By End-Use: Food And Beverage, Cosmetics And Personal Care Products, Biodiesel, Animal Feed, Household (Retail)
Top Major Players
Bunge Limited
CCS Estates Limited
Ola Oils Ltd.
Yorkshire Rapeseed Oil Ltd.
Archer Daniels Midland Company
Product innovations have emerged as a key trend gaining popularity in the rapeseed oil market. Major companies operating in the rapeseed oil market are focused on introducing advanced products to gain a competitive advantage. For Instance, in June 2022, Solvay S.A., a Belgium-based chemical company, launched two new high-performance biosurfactants, Mirasoft SL L60 and Mirasoft SL A60, which allow the creation of environmentally friendly beauty care products. These glycolipid biosurfactants, which are based on rapeseed oil and sugar and have minimal environmental and carbon footprints, are appropriate for a variety of uses in beauty care, including shampoos, conditioners, shower gels, face washes, and creams. Mirasoft SL L60 and Mirasoft SL A60 are designed to operate similarly to synthetic substances while posing no environmental risks. They are easily biodegradable and 100% bio-based, use green chemistry and fully embody Solvay’s commitment to sustainability and the development of a circular, regenerative economy.
The rapeseed oil market report table of contents includes:
1. Executive Summary
2. Rapeseed Oil Market Characteristics
3. Rapeseed Oil Market Trends And Strategies
4. Rapeseed Oil Market – Macro Economic Scenario
5. Global Rapeseed Oil Market Size and Growth
…………………….
31. Global Rapeseed Oil Market Competitive Benchmarking
32. Global Rapeseed Oil Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Rapeseed Oil Market
34. Rapeseed Oil Market Future Outlook and Potential Analysis
35. Appendix
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