Trends in Canola Oil Market 2017: Price, Revenue, Share, Growth and Forecast Until 2022

A freshly compiled business intelligent report, titled “Canola Oil Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” has been publicized to the vast archive of Fact.MR online repository. This _ page study delivers all the vital details and information required to know about “Canola Oil” market current as well as future prospects. The analysts of the study have gone through extensive research methodologies in order to generate data and information that reflects the latest market undercurrents and industry trends. For a deeper understanding of the market, a sub-category level analysis has been elaborated, by which readers and investors of the report will able to know that where the market stands to gain.

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Canola oil is extracted from rapeseed from the Brassicaceae plant family. Canola oil is consumed in many industrialized nations and its benefits are enormous as it comes from a health promoting family of plants. It is also used in biodiesel and also in cosmetic products like lipsticks, in newspaper oil, lubricants and even candles. Industrial benefits coupled with health benefits make this a more adopted product and its usage is on the rise.

The canola oil usage has been rising since past few years. Owing to its increased demand, the production of canola oil has risen tremendously. The canola oil market witnesses a good growth pattern owing to several aspects which are responsible for driving the progress ratio. The benefits of canola oil are tremendous, especially for heart ailments. The omega 3 and omega 6 fatty acids present in the canola oil facilitate good heart health. Owing to this important aspect, a majority of population across different regions are preferring canola oil in their day to day usage. The main factor fuelling the canola oil market growth is the fattening awareness about canola oil benefits. It also helps in lowering bad cholesterol without altering the good cholesterol. Cosmetic application is another important factor, as canola oil is largely used in cosmetics owing to the benefits it provides. Certain body lotions are also prepared which contain canola oil. It provides anti-aging properties and is used to control wrinkles, acne, blemishes as well as fine lines. However, the higher pricing of canola oil along with soya bean which is a substitute to canola oil and is readily available, can challenge the growth of the canola oil market. The global canola oil market is expected to grow at a CAGR of 3.2% over the period of forecast, 2017 to 2022.

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Processed Segment Surpasses the Virgin Segment by Product Type

The processed segment by product type is expected to grow at a rapid pace to reach a CAGR of 4.2% during the forecasted period of 2017-2022 as compared to the virgin segment which shows an average growth rate. The revenue share of the processed segment during 2017 is more than double of the revenue share reflected by the virgin type and is expected to maintain this higher revenue share or even grow owing to increased BPS it enjoys.

Specialty Stores Outshines Every Other Distribution Channel

Modern trade and franchise outlets segments in the distribution channel witness a loss in the BPS by the end of 2022. Moreover, the emerging online segment reflects an above average growth rate during the forecasted period and an increase in the BPS. The specialty segment outruns all these segments in terms of BPS as well as growth rate during the period of forecast. It is poised to reflect the highest CAGR of 4.4% and a higher gaining of BPS by the end of 2022.

Competition Tracking

The comprehensive research report on the global canola oil market includes the profiles of all the major key players present in the market, giving information about their product portfolios, innovations, recent developments, expansions, mergers and acquisitions, global presence, market shares, strategies etc. To name a few key players - The Adani Wilmar Ltd., Ruchi Soya Industries Ltd., Associated British Foods (Ach), Archer Daniels Midland Company, Bunge Limited, Borges Mediterranean Group, Cargill Inc., Fuji Vegetable Oil Inc., Adams Group and American Vegetable Oils Inc.

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