Rapeseed oil market size was valued at USD 20,836.1 million in 2020 and is expected to reach USD 37,199.4 million by 2031, registering a CAGR of 5.6% from 2022 to 2031 | Valuates Reports.

Rapeseed Oil Market

Rapeseed, known as colza, is a member of the cruciferae family and is grown primarily for obtaining oil. The major sources of edible oils are rapeseed, copra, cottonseed, palm kernel, peanut, soybean, and sunflower seed. Oil is extracted either by mechanical extraction processes in oil mills or by chemical extraction using solvents. The oil content in rapeseeds is around 40%, and it is widely used in food and industrial applications. Large areas are cultivated with rapeseeds in Europe, particularly in Germany, France, Poland, and the Czech Republic. China, India, Canada, and Australia are other major producers of rapeseed and rapeseed oil.

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Increase in demand for rapeseed oil-based bio-diesel in the European Union and surge in consumption of vegetable oil, such as rapeseed oil, to produce biodiesel due to government mandates for biodiesel blending with petroleum diesel drive the market growth. In addition, surge in global population has led to increase in demand for edible oils in food processing industry. Rapeseed oil is a rich source of omega-3 and omega-6 linolenic fatty acids, which are crucial for the development, functioning, and maintenance of brain and other nervous tissues. In addition, it lowers the risk of heart disease and maintains normal blood pressure. Thus, rise in health-conscious consumers and health benefits of rapeseed oil fuel the market growth. Moreover, presence of vitamin E and antioxidants in rapeseed oil makes it ideal for cosmetic & personal care products such as oils, cream, and lotions. In terms of volume, Asia-Pacific is the largest consumer of rapeseed oil, and is expected to grow at a significant CAGR of 5.5% from 2022 to 2031. As per the value, it accounted for approximately half of the share of the global market in 2020. Region wise, North America is anticipated to grow at the highest CAGR of 6.2%, both in terms of value and volume during the forecast period. However, low domestic production and high competition from other oilseeds, including soybean and palm, may hamper the market growth.

The global rapeseed market is segmented on the basis of the type, application, distribution channel, and region. Depending on the type, the market is divided into processed and virgin. According to application, the market is segregated into food processing, bio-fuel, cosmetics & personal care, and others. As per the distribution channel, the market is bifurcated into supermarkets and hypermarkets, independent retail stores, business to business, online sales channels. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Poland, Romania, Czech Republic, Russia, Ukraine, Norway, Switzerland, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, and rest of Asia-Pacific), and LAMEA (Iran, Turkey, Chile, Israel, UAE, Ethiopia, Paraguay, Argentina, and rest of LAMEA).

The key players profiled in the report include The Archer Daniels Midland Company, Associated British Foods plc., Cargill Incorporated, ConAgra Foods, Inc. (CAG), CSS Estates, Mackintosh of Glendaveny, Ola Oils, Glencore Grain Investment LLC, RISOIL S.A., and Yorkshire (Breckenholme Trading Company).

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Key Benefits For Stakeholders

• The report provides an extensive analysis of the current and emerging rapeseed oil market trends and opportunities.
• The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing rapeseed oil market opportunities in the market.
• The rapeseed oil market forecast is offered along with information related to key drivers, restraints, and opportunities.
• The market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
• The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.

Rapeseed Oil Market Segmentation

By Type

• Processed
• Virgin

By Application

• Food Processing
• Bio Fuel
• Cosmetics And Personal Care
• Others

By Distribution Channel

• Supermarkets And Hypermarkets
• Independent Retail Stores
• Business To Business
• Online Sales Channels

By Region

• North America
• Europe
• Asia-Pacific
• LAMEA

Key Market Players

• Cullise
• Folba Oil Limited SDN
• Mackintosh of Glendaveny
• Ola Oils
• Pacific Coast Canola
• Risoil S.A
• ConAgra Foods Inc.
• Yorkshire Rapeseed Oil
• The Archer Daniels Midland Company
• Cargill Incorporate

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