Canola Oil Market to Surge to 32.09 Billion by 2028, Focused on Cooking and Processed Foods Industries

TechSci Research's report, "Global Canola Oil Market Analysis & Forecast, 2028," reveals that the market reached USD 32.09 billion in 2022 and is poised to grow at a 5.52% CAGR from 2024 to 2028. The canola oil market has evolved significantly, driven by changing consumer tastes, health awareness, and sustainability concerns. Canola oil, extracted from canola plant seeds, is valued for its nutritional profile, featuring low saturated fat and high levels of monounsaturated fats and omega-3 fatty acids, making it popular worldwide. Here, we explore the dynamics of the global canola oil market, focusing on key aspects.

The global canola oil market has enjoyed steady growth due to its reputation as a heart-healthy cooking oil. With rising health consciousness, consumers seek dietary options that promote well-being, with canola oil fitting the bill. Growth is further fueled by expanding populations in emerging economies, where urbanization and evolving diets drive demand for healthier cooking oils. Canola oil's versatility in culinary applications, including frying, baking, and salad dressings, has also sustained its popularity, establishing it as a kitchen essential in many households.

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Sustainability is increasingly vital in the global canola oil market, prompting industry stakeholders to prioritize sustainable farming practices and supply chain management. Canola oil production, like other agricultural commodities, has faced environmental scrutiny, driving the adoption of sustainable farming methods such as crop rotation, reduced tillage, and integrated pest management to address issues like soil erosion and pesticide use. Additionally, the market's commitment to environmental responsibility has led to certified sustainable canola oil products, including non-GMO and organic options, appealing to eco-conscious consumers and ensuring a stable supply.
Despite steady growth, canola oil faces competition from alternative cooking oils like olive, avocado, and coconut oil, each boasting unique flavors and perceived health benefits. Regional preferences also influence market dynamics. To counter this competition, canola oil producers must innovate, differentiate their products, and effectively communicate their oil's health benefits and versatility.

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The health and wellness trend drives the canola oil market, with its nutritional profile appealing to health-conscious consumers. Canola oil's low saturated fat and high levels of heart-healthy monounsaturated fats and omega-3 fatty acids make it a preferred choice for those aiming for a balanced diet. Supported by research showing potential benefits like improved cardiovascular health and reduced risk of chronic diseases, canola oil sees increasing preference over other cooking oils, especially in regions with health-conscious consumers.

Unlock Essential Insights: Discover the Key Takeaways for Actionable Information!
• Canola Oil Market is expected to grow at a CAGR of 5.52% during the forecast Period.
• Canola Oil Market has a valuation of US$ 32.09 Billion as of 2022.
• Asia-Pacific currently holds the title of the largest market for Canola oil.
• Online sales channels provide a diverse array of options, allowing customers to explore and compare various canola oil.
• Canola Oil Market is witnessing a remarkable surge in demand from online sales channels.
• In terms of type, the cages segment claims the top spot in Canola Oil Market share.
• Focusing on the price range, the premium segment secures the highest market share in the Canola Oil Market.

Competitive Landscape
TechSci Research's Canola Oil Market report, based on provided market data, offers customizable options tailored to meet specific company requirements. Customization options for the report include:

Recent Developments
• In 2023, Spectrum Naturals introduced a range of canola oil cooking oils, crafted from expeller-pressed canola oil and free from artificial flavors, colors, and preservatives. Available in Light, Extra Light, and Unrefined varieties.
• In 2022, Pompeian debuted a line of canola oil cooking sprays, formulated with 100% canola oil and devoid of trans fats, cholesterol, and saturated fat. Offered in Original, Olive Oil, and Garlic flavors.

Major companies operating in Global Canola Oil Market are:
Archer Daniels Midland (ADM) Company, Bunge Limited, Jivo Wellness Pvt. Ltd., Arla Foods AmbA, Cargill Inc., Associated British Foods plc, The J.M. Smucker Company, Richardson International Limited, Wilmar International Inc, American Vegetable Oils

Market Segmentation for Canola Oil Market
• Canola Oil Market, By Nature:
o Organic
o Conventional
• Canola Oil Market, By Application:
o Processed Food
o Household
o Personal Care
o Others
• Canola Oil Market, By Sales Channel:
o Supermarkets/Hypermarkets
o Departmental Stores
o Online
o Others
• Canola Oil Market, By Region:
o Asia-Pacific
 China
 Japan
 India
 Vietnam
 South Korea
o North America
 United States
 Canada
 Mexico
o Europe
 France
 Germany
 Spain
 Italy
 United Kingdom
o Middle East & Africa
 South Africa
 Saudi Arabia
 UAE
 Turkey
o South America
 Brazil
 Argentina
 Colombia

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Table of Content
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Voice of Customer
4.1. Brand Awareness
4.2. Factors Influencing Purchase Decision
5. Global Canola Oil Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Nature Market Share Analysis (Organic, Conventional)
5.2.2. By Application Market Share Analysis (Processed Food, Household, Personal Care, Others)
5.2.3. By Sales Channel Market Share Analysis (Supermarkets/Hypermarkets, Departmental Stores, Online, Others)
5.2.4. By Regional Market Share Analysis
5.2.4.1. Asia-Pacific Market Share Analysis
5.2.4.2. North America Market Share Analysis
5.2.4.3. Europe Market Share Analysis
5.2.4.4. Middle East & Africa Market Share Analysis
5.2.4.5. South America Market Share Analysis
5.2.5. By Top 5 Companies Market Share Analysis, Others (2022)
5.3. Global Canola Oil Market Mapping & Opportunity Assessment
5.3.1. By Nature Market Mapping & Opportunity Assessment
5.3.2. By Application Market Mapping & Opportunity Assessment
5.3.3. By Sales Channel Market Mapping & Opportunity Assessment
5.3.4. By Regional Market Mapping & Opportunity Assessment
6. Asia-Pacific Canola Oil Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Nature Market Share Analysis
6.2.2. By Application Market Share Analysis
6.2.3. By Sales Channel Market Share Analysis
6.2.4. By Country Market Share Analysis
6.2.4.1. China Canola Oil Market Outlook
6.2.4.1.1. Market Size & Forecast
6.2.4.1.1.1. By Value
6.2.4.1.2. Market Share & Forecast
6.2.4.1.2.1. By Nature Market Share Analysis
6.2.4.1.2.2. By Application Market Share Analysis
6.2.4.1.2.3. By Sales Channel Market Share Analysis
6.2.4.2. Japan Canola Oil Market Outlook
6.2.4.2.1. Market Size & Forecast
6.2.4.2.1.1. By Value
6.2.4.2.2. Market Share & Forecast
6.2.4.2.2.1. By Nature Market Share Analysis
6.2.4.2.2.2. By Application Market Share Analysis
6.2.4.2.2.3. By Sales Channel Market Share Analysis
6.2.4.3. India Canola Oil Market Outlook
6.2.4.3.1. Market Size & Forecast
6.2.4.3.1.1. By Value
6.2.4.3.2. Market Share & Forecast
6.2.4.3.2.1. By Nature Market Share Analysis
6.2.4.3.2.2. By Application Market Share Analysis
6.2.4.3.2.3. By Sales Channel Market Share Analysis
6.2.4.4. Vietnam Canola Oil Market Outlook
6.2.4.4.1. Market Size & Forecast
6.2.4.4.1.1. By Value
6.2.4.4.2. Market Share & Forecast
6.2.4.4.2.1. By Nature Market Share Analysis
6.2.4.4.2.2. By Application Market Share Analysis
6.2.4.4.2.3. By Sales Channel Market Share Analysis
6.2.4.5. South Korea Canola Oil Market Outlook
6.2.4.5.1. Market Size & Forecast
6.2.4.5.1.1. By Value
6.2.4.5.2. Market Share & Forecast
6.2.4.5.2.1. By Nature Market Share Analysis
6.2.4.5.2.2. By Application Market Share Analysis
6.2.4.5.2.3. By Sales Channel Market Share Analysis

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