The global Rapeseed Oil market size is expected to reach close to US$ 35929.9 million by 2029 with an annualized growth rate of 5.6% through the projected period.
Rapeseed has almost 40% more oil as compared to others and it is extracted by solvent extraction method or by pre-pressing procedure. In the past years food preference of people have changed a lot as they have become more health concise and demand of dietary supplements have increased. This is main factor driving the growth of Rapeseed oil market size. It is used by people, looking for reducing health issues like cardiovascular disease, cancer and other such aliments. Rapseed is rich in Omega 3 and Omega fatty acids, Vitamin E and antioxidants. This has excellent healing properties in case of itching, eczema, acnes and is widely used in personal care products. Omega 3 and omega 6 help in brain development, vision process and nervous tissue along with improving of immune system.
Another factor influencing the Rapeseed oil market is its use in creation of bio-diesel products in the European countries. Along with food industry rapeseed oil is also used in personal care and hygiene products like cream, lotions and oil. Owing to the existence of antioxidants and vitamin E it is widely used in creams that reduce scars, repairs fragile hair, improves skin conditions and improve the health of skin.
Rise in production of various other oilseeds like, palm and soyabean might hinder the growth of Rapeseed oil market. However, there is almost negligible amount of minerals and vitamins present in rapeseed oil, and is a restraining factor. It is assumed to be food item consisting of least nutritional value, even when consumed a large portion.
Rapeseed oil market size is segmented on the basis of application and geography. On the basis of application it is divided as Food processing, Bio-fuel, Cosmetic and personal care and other. By geography North America, Asia-Pacific, Europe and Latin America and Middle East and Africa. Asia-Pacific has the largest share in terms of volume and market share. Canada is leading producers and exporter in the global market for rapeseed oil. The market presence is due to extensive usage in processed food and bio-diesel products. Europe provides three-fifths of the rapeseed oil produced to create bio-diesel. Increased use of consumption of rapeseed as feedstock for oil, is helping the growth of Rapeseed oil market size.
Iran consumes vegetable oil at maximum and imports the required quantity of oil. Recently, National Assembly of Agriculture Elites Ali Khanmohammadi, agreed to develop new infrastructure to help production of oilseeds like rapeseed and wheat.
The key players in Rapeseed oil market size include Cullise, Folba Oil Limited SDN, Cargill Incorporated, Ola Oils, Pacific Coast Canola, Mackintosh of Glendaveny, RISOIL S.A., Yorkshire Rapeseed Oil, ConAgra Foods Inc., and The Archer Daniels Midland Company and many others.
Rapeseed oil market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2029||US$ 35929.9 million|
|Growth Rate||CAGR of over 5.6 % during 2019-2029|
|Segment Covered||By Application, Regions|
|Regions Covered||North America, Europe, Asia-Pacific, Middle East and Africa, South America|
|Key Players Profiled||Cullise, Folba Oil Limited SDN, Cargill Incorporated, Ola Oils, Pacific Coast Canola, Mackintosh of Glendaveny, RISOIL S.A., Yorkshire Rapeseed Oil, ConAgra Foods Inc., and The Archer Daniels Midland Company|
The various segments of Rapeseed oil market size are,
- Food Processing
- North America
- Latin America and Middle East and Africa