Press release
Rapeseed Oil Global Market Analysis, Trends, Growth, Research And Forecast 2033
Rapeseed Oil Global Market
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..
Market Overview -
Rapeseed oil is plant-based cooking oil that is part of the brassica family, which includes cabbage and mustard. Rapeseed oil tastes nutty, buttery, and earthy. Rapeseed, which is low in saturated fat, has been widely recognized for its health benefits and other nutritional extras, such as Omegas 3, 6, and 9, which can help maintain a healthy brain, heart, and joint functions.
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Growing Biodiesel Demand Fuels Expansion In Rapeseed Oil Market
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.
Competitive Landscape -
Major companies operating in the rapeseed oil market report are Bunge Limited, CCS Estates Limited, Ola Oils Ltd., Yorkshire Rapeseed Oil Ltd., Archer Daniels Midland Company, Mackintosh of Glendaveny Ltd., Interfat SA, Louis Dreyfus Company BV, Sodrugestvo Group SA, Midlands Holdings Limited, Abu Dhabi Vegetable Oil Company LLC, Rein Oil CC, Gujarat Ambuja Exports Limited, K. S. Oils Limited, Cargill Incorporated, ConAgra Foods Inc., RISOIL S.A., Sodrugestvo, Adams Group Inc., American Vegetable Oils Inc., Grief Inc., Ruchi Soya Industries Limited, Vantage Performance Materials, Perdue Agribusiness LLC, Natures Crops International Limited, Folba Oil Limited SDN, ViOil Industrial Group, Viterra Inc., Associated British Foods plc .
Innovative Biosurfactants From Rapeseed Oil Drive Competitive Edge In Market
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.
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Key Segments -
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)
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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