Press release
Canola Oil Market Market 2023 Global Analysis By Top Key Players - Archer Daniels Midland, Bunge Limited, Cargill Inc., James Richardson International, Louis Dreyfus Company
Over the recent years, the global canola oil market has been growing at a healthy rate. Some of the factors which are giving impetus to the market include several health benefits as well as rising applications in the food and non-food sector.Request for free sample report: https://www.imarcgroup.com/request?type=report&id=827&flag=B
Canola oil refers to a vegetable oil which is acquired from a bright yellow flower of rapeseed. Its emergence can be accredited to the rising need of a cost-effective and healthy oil, particularly in the food industry. This is due to the fact that, in comparison with other oils, canola oil encompasses a significant amount of monosaturated fats. Moreover, canola oil is regarded as a great source of biodiesel. A new research report by IMARC Group, titled “Canola Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the global canola oil market reached a volume exceeding 30 Million Tons in 2017. The report further projects the market to reach a volume of more than 40 Million Tons by 2023, at a CAGR of approximately 6% over the forecast period.
Market Drivers/Constraints:
* Canola oil is trans-fat free in nature and encompasses only small amounts of saturated fats. As a result, it offers various health benefits such as lowering cholesterol, boosting heart health, improving brain function and preventing type-2 diabetes. This represents a major catalyst for the growth of the global canola oil market.
* There has been an expansion in the applications of canola oil in the food industry where it is used for stir-frying, grilling, baking, sautéing, salad dressing and shortening. This is augmenting the demand for canola oil across the globe.
* Moreover, canola oil finds applications in the non-food sector which is further proliferating the market growth. Canola oil is used for preparing plasticisers so as to provide higher velocity as well as in skincare and hair care products for imparting softening properties.
* However, excess consumption of canola oil can increase the intake of unhealthy trans-fat. Apart from this, canola oil has a higher price point in comparison with other oils. This acts as one of the vital factors which is hindering the growth of the canola oil market.
Browse full report with complete TOC: https://www.imarcgroup.com/canola-oil-market
Global Canola Oil Market Segmentation:
Performance by Applications:
1. Cooking
2. Processed Foods
3. Lubricants
4. Personnel Care
5. Biofuels
6. Others
Based on application, the market has been segregated as cooking, processed foods, lubricants, personnel care, biofuels and others. Presently, cooking and processed foods exhibit a clear dominance in the market, followed by non-food applications.
Breakup By Packaging:
1. Cans
2. Drums
3. Bottles
4. Pouch
5. Others
On the basis of packaging, the market has been segregated as cans, drums, bottles, pouch and others. Amongst these, drums account for the majority of the total market share.
Performance of Key Regions:
1. Asia Pacific
2. North America
3. Europe
4. Middle East and Africa
5. Latin America
On a geographical front, Europe enjoys a leading position in the global canola oil market, on account of a strong demand in the region. Europe is followed by Asia Pacific, North America, Middle East and Africa, and Latin America.
Competitive Landscape:
The market is moderately fragmented with the presence of both small as well large manufacturers who are competing in terms of prices and quality. There is a tough competition in the market which makes it difficult for small players to enter. Some of the leading players operating in the market are Archer Daniels Midland, Bunge Limited, Cargill Inc., James Richardson International, Louis Dreyfus Company
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Notes:
Production, means the output of Canola Oil
Revenue, means the sales value of Canola Oil
This report studies Canola Oil in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering
Louis Dreyfus Company
ADM
Cargill
Bunge
Richardson Oilseed
Viterra
Al Ghurair
CHS
Pacific Coast Canola (PCC)
Oliyar
Wilmar International
COFCO
Chinatex Corporation
Maple Grain and Oil Industry
HSGC
Zhongsheng
Allstar
H-Best
Yingcheng Oil Company
Daodaoquan
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