The latest research study “Rapeseed Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global rapeseed oil market size reached US$ 34.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 46.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.35% during 2023-2028.
Rapeseed oil is a versatile vegetable oil that is derived from the seeds of the rapeseed plant, known as Brassica napus. It has high nutritional value, low saturated fat content, and a favorable balance of omega-3 and omega-6 fatty acids. It has a light golden color and a mild and neutral flavor that assist in enhancing the taste of dishes without lowering their natural flavors. It is heat resistant and stable at high temperatures and a healthier alternative to other cooking oils. As a result, rapeseed oil is widely utilized in personal care and food and beverage (F&B) industries across the globe.
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Rapeseed Oil Market Trends and Drivers:
At present, the rising adoption of rapeseed oil as a feedstock for biodiesel production represents one of the key factors strengthening the growth of the market. Besides this, the growing demand for rapeseed oil due to the increasing health consciousness among individuals is offering a positive market outlook. Moreover, the rising utilization of rapeseed oil for frying, baking, and roasting food products is supporting the growth of the market. Apart from this, the increasing popularity of plant-based diets and veganism among individuals around the world is propelling the market growth. Furthermore, the growing demand for a balanced diet and healthier cooking alternatives among the masses is positively influencing the market.
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Rapeseed Oil Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Archer-Daniels-Midland Company
- Bunge Limited
- Cargill Incorporated
- Conagra Brands Inc.
- Cullise Ltd., Interfat SA
- Louis Dreyfus Company B.V.
- Mackintosh of Glendaveny
- Ola Oils Limited and Yorkshire Rapeseed Oil.
Breakup by Type:
- Processed
- Virgin
Breakup by Nature:
- Organic
- Conventional
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Online Stores
- Specialty Stores
- Retail Stores
- Others
Breakup by Application:
- Food Processing
- Bio-Fuel
- Cosmetics and Personal Care
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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