Press release
Rapeseed Oil Market: Robust Growth, Key Drivers, and Future Trends for 2024-2029
Rapeseed Oil Market
What Is The Projected Market Size Of The Global Rapeseed Oil Market And Its Growth Rate?
• From $26.27 billion in 2024, the rapeseed oil market size is projected to grow to $27.81 billion in 2025 with a CAGR of 5.9%.
• By 2029, the market size is expected to reach $34.58 billion with a CAGR of 5.6%.
• The anticipated growth attributes to factors such as rising demand for edible oils, biodiesel production, diverse applications, and shifting preferences towards plant-based diets and clean labels.
What Is Driving The Growth In The Rapeseed Oil Market?
Increasing demand for biodiesel is the key driver augmenting the growth of the rapeseed oil market. Biodiesel, a biodegradable and renewable fuel, is primarily produced from vegetable oils, animal fats, or recycled restaurant grease. The use of oil from rapeseed or canola seed, edible crop kinds, in biodiesel production is growing, especially in colder climates owing to its lower geling temperature. For instance, consumption of biodiesel and hydrotreated vegetable oil for blending estimated over 1.23 million tons in the first half of 2022, representing a 6.3% increase over the same period in 2021.
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Who Are the Key Players Driving Rapeseed Oil Market Growth?
• Bunge Limited
• Ola Oils Ltd.
• Yorkshire Rapeseed Oil Ltd.
• Archer Daniels Midland Company
• Mackintosh of Glendaveny Ltd.
• Louis Dreyfus Company BV
• Sodrugestvo Group SA
• Abu Dhabi Vegetable Oil Company LLC
• Gujarat Ambuja Exports Limited
• K. S. Oils Limited, Cargill Incorporated
• ConAgra Foods Inc.
• RISOIL S.A.
• Sodrugestvo
• American Vegetable Oils Inc.
• Ruchi Soya Industries Limited
• Perdue Agribusiness LLC
• Natures Crops International Limited
• ViOil Industrial Group
• Viterra Inc.
• Associated British Foods plc
What Are The Key Trends In The Rapeseed Oil Market?
• Technological innovations.
• Sustainable and organic production practices.
• Innovations in processing technologies.
• Quality certification and traceability.
• Market challenges from alternative oils.
What Are The Segments Of The Global Rapeseed Oil Market?
1) By Type: Processed, Virgin
2) By Nature: Organic, Conventional
3) By Extraction Process: Aqueous Process, Enzyme Based Process
4) By Distribution Channel: Super markets And Hyper markets, Online Stores, Specialty Stores, Retail Stores, Other Distribution Channels
5) By End-Use: Food And Beverage, Cosmetics And Personal Care Products, Biodiesel, Animal Feed, Household (Retail)
Which Region Leads The Rapeseed Oil Market?
Asia-Pacific was the largest region in the rapeseed oil market in 2024 and is projected to be the fastest-growing region over the forecast period.
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What Is Covered In The Rapeseed Oil Market Global Market Report?
- Market Size Analysis: Analyze the Rapeseed Oil Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Rapeseed Oil Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Rapeseed Oil Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Rapeseed Oil Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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