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Global Canola Oil Market Projected to Surge to USD 657.8 Million by 2035 | Fact.MR Report
Canola Oil Market
Its low saturated fat content and high omega-3 fatty acid levels make it highly attractive to health-conscious consumers. The market's steady expansion is fueled by evolving dietary trends and growing demand from food-processing industries, particularly in developing regions and within sustainable food systems.
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Key Takeaways from Market Study:
The global canola oil market is expected to grow from USD 443.2 million in 2024 to USD 657.8 million by 2035.
During the forecast period of 2025 to 2035, the market is projected to register a steady CAGR of 3.7%.
From 2020 to 2024, the canola oil market expanded at a CAGR of 3.1%, reflecting stable historical growth.
The Canadian canola oil market is forecasted to grow at a CAGR of 3.6% through 2035, supported by advanced agricultural practices.
China's canola oil market is projected to experience strong growth with a CAGR of 4.5% during the forecast period.
India's canola oil market is anticipated to register a CAGR of 4.4%, driven by increasing demand for heart-healthy cooking oils.
Leading Players Driving Innovation in the Canola Oil Market:
Prominent players in the market are Adani Wilmar Ltd., Ruchi Soya Industries Ltd., Associated British Foods, Archer Daniels Midland Company, among others.
Rising Demand Across Nutraceuticals, Foodservice, and Clean-Label Segments
The growing popularity of canola oil is supported by its wide range of applications. Its high content of alpha-linolenic acid and tocopherol makes it highly suitable for nutraceuticals and functional foods. In the foodservice sector, especially quick-service restaurants, canola oil remains a preferred choice for high-volume frying due to its oxidative stability and neutral taste. Additionally, the demand for minimally processed, cold-pressed, non-GMO variants is rising, particularly among health-conscious consumers who value clean-label and premium products.
Regional Dynamics Fueling Growth
In North America, particularly Canada, the market benefits from a strong cultivation and processing infrastructure that supports both domestic supply and exports. Europe leverages canola oil not only for edible purposes but also as a key biofuel feedstock under renewable energy directives, with significant adoption seen in Germany and the Netherlands.
Meanwhile, rapid urbanization and increasing health awareness in Asia-Pacific are accelerating market growth across countries such as China, India, Japan, and South Korea. In Africa and Latin America, investments in local crushing capacities are underway to reduce import dependence and meet rising demand.
Agronomic Advantages and Policy Support
Canola's favorable agronomic characteristics, including its role in crop rotation, contribute to its widespread cultivation. Government incentives and advances in precision agriculture and traceability are further supporting growth, ensuring sustainable and scalable production capabilities across major producing regions.
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More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the global canola oil market, presenting historical data for 2020 to 2024 and forecast statistics for 2025 to 2035.
The canola oil market can be segmented based on several key categories. By product type, it includes processed, virgin, refined, cold-pressed, blended oils, and others. In terms of end use, canola oil is utilized across foodservice, food processors, and retail sectors.
The packaging types available in the market consist of bottles, pouches, cans, tins, and drums. Distribution channels for canola oil encompass modern trade, franchise outlets, specialty stores, and online platforms. Geographically, the market is divided into North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and the Middle East & Africa.
Check out More Related Studies Published by Fact.MR Research:
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Cooking Oil Market - https://www.factmr.com/report/670/cooking-oil-market
Fats and Oils Market - https://www.factmr.com/report/410/fats-oils-market
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