Press release
Canola Oil Market Report | Size, Trends, Demand by Regions, Analysis and Forecast 2024-2032
IMARC Group, a leading market research company, has recently releases report titled "Canola Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032โณ, The study provides a detailed analysis of the industry, including the global canola oil market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.Report Highlights:
How big is the canola oil market?
The global canola oil market size reached 28.8 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 32.2 Million Tons by 2032, exhibiting a growth rate (CAGR) of 1.1% during 2024-2032.
๐๐๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:https://www.imarcgroup.com/canola-oil-market/requestsample
Factors Affecting the Growth of the Canola Oil Industry:
โข Health and Nutritional Benefits:
One of the primary drivers for the canola oil market is the increasing consumer awareness of its health and nutritional benefits. Canola oil is known for its low saturated fat content and a good balance of omega-3 and omega-6 fatty acids, which are essential for heart health. This oil is also a source of vitamins E and K. In an era where consumers are increasingly health-conscious and seeking healthier alternatives to traditional cooking oils, canola oil's profile makes it a preferred choice. This trend is particularly evident in markets where there is a growing prevalence of health-related issues such as heart disease and obesity, and consumers are more mindful of their dietary choices.
โข Versatility in Food Applications:
Canola oil's versatility in food applications significantly contributes to its market growth. It has a high smoke point, making it suitable for various cooking methods, including frying, baking, and sautรฉing. Its light flavor does not overpower the taste of food, which makes it a favored ingredient in both household cooking and industrial food preparation. In the food processing industry, canola oil is used in a range of products from baked goods to salad dressings. Its functional properties, combined with its health benefits, make it a versatile ingredient that appeals to both consumers and food manufacturers.
โข Shift Towards Sustainable and Organic Products:
The global shift towards sustainable and organic products is also influencing the canola oil market. There is a growing demand for organically grown canola oil, produced without the use of genetically modified organisms (GMOs) and synthetic fertilizers or pesticides. This trend is driven by the rising consumer awareness about the environmental impact of conventional farming practices and a preference for natural or organic products. The market is responding with an increase in the production of organic and non-GMO canola oil, catering to this segment of health and environmentally-conscious consumers. As the demand for sustainable agricultural practices and clean labeling continues to grow, it is likely to further propel the market for organic and non-GMO canola oil.
Canola Oil Market Report Segmentation:
Breakup By Application:
โข Cooking
โข Processed Foods
โข Lubricants
โข Personal Care
โข Biofuels
โข Others
Cooking dominates the largest market segment in the global canola oil market due to its widespread use as a healthy cooking oil alternative, prized for its low saturated fat content and beneficial omega-3 and omega-6 fatty acids.
Breakup By Packaging:
โข Cans
โข Drums
โข Bottles
โข Pouches
โข Others
Drums are the largest market for canola oil, as they are preferred for bulk storage and transportation in the commercial and industrial sectors, offering cost-effectiveness and convenience for large-scale users like restaurants and food processors.
Breakup By Region:
โข Asia Pacific
โข North America
โข Europe
โข Middle East and Africa
โข Latin America
Europe leads the global canola oil market, largely because of the high consumer preference for healthier oil options, along with strong production capacities, particularly in countries like France and Germany, which are key producers and consumers of canola oil.
Global Canola Oil Market Trends:
The growing consumer preference for healthy and nutritious cooking oils represents one of the key factors influencing the growth of the canola oil market across the globe. This is further driving demand for canola oil due to its low saturated fat content and beneficial balance of omega-3 and omega-6 fatty acids. This trend is aligned with the broader shift towards health-conscious eating habits and cleaner diets. The market is also driven by the increasing use of canola oil in the food processing industry. Its favorable properties, like a high smoke point and mild flavor, make it a versatile ingredient for various processed foods.
Sustainability is also becoming a major focus, with a growing demand for organic and non-GMO canola oil. Consumers are increasingly aware of agricultural practices and their environmental impact, leading to a preference for more sustainably produced oils. Apart from this, there's an emerging trend of using canola oil in the cosmetics industry, where its moisturizing and emollient properties are valued, opening new avenues for market growth.
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐ฎ๐ฅ๐ฅ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐ & ๐๐ข๐ฌ๐ญ ๐จ๐ ๐ ๐ข๐ ๐ฎ๐ซ๐s: https://www.imarcgroup.com/request?type=report&id=820&flag=C
Leading Companies Operating in the Global Canola Oil Industry:
โข Archer Daniels Midland (ADM) Company
โข Bunge Limited
โข Cargill Inc.
โข Associated British Foods plc
โข Jivo Wellness Pvt. Ltd.
โข Arla Foods AmbA
โข Richardson International Limited
โข The J.M. Smucker Company
โข Wilmar International Inc.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
๐๐ฏ๐ผ๐๐ ๐จ๐:
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.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐จ๐ฆ:
IMARC Group
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Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
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๐๐ฒ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ โฆ
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Healthy eating is not a luxury anymore. It has become a way of life and rightly so! As we explore the goodness and health benefits in organic food products, the focus mainly stays on the most basic things that go into most of the dishes. One such ingredient is the edible cooking oil.
Choosing the right cooking oil can do more wonders to your healthy eating regime than you can imagine.โฆ
Global Canola Oil Market Research Report 2017
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
Request Sample Report Here: http://www.reportbazzar.com/request-sample/?pid=761343&ptitle=Global+Canola+Oil+Market+Research+Report+2017&req=Sample
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Canola Oil Market - Global Industry Trends 2024
Global Canola Oil Market: Overview
Over the last forty years, the production of canola oil has been increasing at a significant pace. This has helped establishing canola as the third largest oil crop in the world. Currently, canola production occupies nearly 15% to 20% of the overall crop production. After deriving oil from canola seeds, the remaining material is often used as livestock feed, which is considered the second mostโฆ