Press release
Rapeseed Oil Market Size Projected To Reach $34.58 Billion By 2034 With A Cagr Of 5.6%
Rapeseed Oil
What Is the Rapeseed Oil Market Size and Projected Growth Rate?
The market for rapeseed oil has seen significant growth in the past few years. The market size is projected to increase from $26.27 billion in 2024 to $27.81 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.9%. The growth observed in the historic period can be attributed to factors such as rising demand for edible oils, a shift towards healthier oil alternatives, biodiesel production, the expansion of rapeseed cultivation, diverse uses, nutritional benefits, and a preference for rapeseed oil in cooking.
In the coming years, the rapeseed oil market is projected to experience robust growth. It is forecasted to reach a valuation of $34.58 billion by 2029, with a compound annual growth rate (CAGR) of 5.6%. This predicted growth in the forecast period can be related to the transition to plant-based diets, the increasing awareness about health, preferences for clean labels, global population growth, trade agreements, and tariffs. The forecast period is also expected to see some significant trends including technological advancements, sustainable and organic production methods, innovative processing technologies, quality certification and traceability, and competition from alternative oils in the market.
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What Are the Different Rapeseed Oil Market Segments?
The rapeseed oil market covered in this report is segmented -
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)
Subsegments:
1) By Processed: Refined Rapeseed Oil, Hydrogenated Rapeseed Oil, Deodorized Rapeseed Oil
2) By Virgin: Cold-Pressed Virgin Rapeseed Oil, Expeller-Pressed Virgin Rapeseed Oil
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What Are the Primary Drivers Shaping the Rapeseed Oil Market?
The rapeseed oil market's growth is anticipated to be stirred by a rise in biodiesel demand. As a domestic product derived from vegetable oils, animal fats, or reused restaurant grease, biodiesel is both renewable and biodegradable. The source of energy in biodiesel is oil extracted from canola or rapeseed seeds, two types of edible crops. Notably, biodiesel produced from edible rapeseed or canola condenses at a temperature lower than that from other sources, making it a more viable fuel for colder regions. Supporting this, the Union for the Promotion of Oil and Protein Plants (UFOP), a German association devoted to cultivating, processing, and marketing oil and protein crops, reported that in the first half of 2022, the usage of biodiesel and hydrotreated vegetable oil for blending exceeded 1.23 million tons. Compared to the same duration in 2021, this depicts a 6.3% increment. Therefore, the mounting demand for biodiesel is pushing for the expansion of the rapeseed oil market.
Which Companies Are Leading in the Rapeseed Oil Market?
Major companies operating in the rapeseed oil market include 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 Major Trends Shaping the Rapeseed Oil Market?
The rapeseed oil market is increasingly gravitating towards product innovations as a significant trend. Major industry players are committed to unveiling next-generation products to secure an edge in the market. For example, in June 2022, Solvay S.A., a chemical company based in Belgium, introduced two new cutting-edge biosurfactants, namely Mirasoft SL L60 and Mirasoft SL A60. They enable the creation of eco-friendly beauty products and are derived from rapeseed oil and sugar, ensuring minimal impact on the environment and carbon footprint. They find broad applications across the beauty care industry including shampoos, conditioners, shower gels, face washes, and creams. These products mimic the efficacy of synthetic substances without associated environmental hazards, and are fully biodegradable and 100% bio-based. By embracing green chemistry, these products underscore Solvay's dedication to sustainability and its vision for a circular, restorative economy.
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What Are the Top Revenue-Generating Geographies in the Rapeseed Oil Market?
Asia-Pacific was the largest region in the rapeseed oil market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the rapeseed oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Rapeseed Oil Market?
2. What is the CAGR expected in the Rapeseed Oil Market?
3. What Are the Key Innovations Transforming the Rapeseed Oil Industry?
4. Which Region Is Leading the Rapeseed Oil Market?
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