Market Overview:

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).

Rapeseed oil is one of the oldest known vegetable oils. It’s extracted from the seeds of a plant called rape, usually by cold-pressing. This oil is extracted from the seeds of black and red rapeseed plants. The plant grows primarily in Canada and Western Europe and is identifiable by its bright yellow flowers. Rapeseed oil is yellow-golden or yellow-brownish and is known for its stimulating aroma and neutral, earthy, and nutty flavor. Rapeseed oil has emerged as the healthiest of all oil products, as a result, has witnessed high demand among consumers in different age sections.

The market is characterized by a diverse range of end-use applications, including cooking and frying, industrial uses, and biofuel production. Europe and Asia-Pacific are the leading consumers of rapeseed oil, with increasing adoption in North America and other regions.

Leading companies reviewed in the Rapeseed Oil Market report is:

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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Rapeseed Oil Market Trend Analysis

Change In Eating Habits Increasing Health Awareness:

Leading players in the global market are expected to generate revenue opportunities in the year ahead due to an increase in health-conscious populations in prominent countries worldwide.

The global market for rapeseed oil has been fuelled by an increase in demand for dietary fats and oils, health awareness, and a marked change in food patterns consumed by animals from plant products. Another critical factor driving the growth of the global rapeseed oil market is consumers who need to curb health problems like cardiovascular diseases and cancer by increasing their consumption of rapeseed oil.

Manufacturers producing rapeseed oil have started adopting organic practices due to their eco-friendly nature. Organic rapeseed oil eliminates the risk associated with pesticides, which is believed to be the main driver of the market. Thus, due to its high level of purity, the organic rapeseed oil market is expected to surge.

Market Opportunity:

An emerging market opportunity lies in the utilization of rapeseed oil for biofuel production. As the global focus on sustainable and renewable energy intensifies, rapeseed oil has gained attention as a viable feedstock for biodiesel. Its favorable fatty acid composition, along with its ability to thrive in diverse climates, positions rapeseed as a promising source for bioenergy. Government initiatives promoting biofuels and the increasing emphasis on reducing carbon footprints present a significant opportunity for the rapeseed oil market to expand its footprint in the bioenergy sector.

Segmentations Analysis of 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

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Regional Analysis Of The Rapeseed Oil Market

Asia Pacific is Expected to Dominate the Market it is the fastest-growing region over the forecast period.

China is the world's largest producer and consumer of rapeseed oil, and its demand for this oil is expected to continue to grow in the coming years. Other countries in the region, such as India and Japan, are also major consumers of rapeseed oil.

Factors such as population growth, urbanization, and changing dietary habits are driving the demand for edible oils in the Asia-Pacific region, including rapeseed oil. Additionally, the region's growing middle class and rising disposable incomes are likely to further fuel the demand for rapeseed oil and other edible oils.

On the production side, the Asia-Pacific region is also a major producer of rapeseed oil. Countries such as China, India, and Australia are significant producers of rapeseed oil, and their production levels are also expected to increase in the coming years.

Overall, the Asia-Pacific region's large and growing consumer base, coupled with its significant production capacity, may position it to play a dominant role in the global rapeseed oil market. These are some of the significant reasons that are expected to contribute to the growth of the Asia Pacific rapeseed oil market during the forecast period (2023-2032).

 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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