Food Grade Canola Oil Market to Reach USD 29,930 Million by 2031 Top 10 Company Globally

Food grade canola oil is a global commodity used across household cooking, foodservice, food manufacturing, animal feed and, increasingly, renewable diesel/biodiesel. The industry spans upstream farming (oilseed/rapeseed production), crushing and extraction (mechanical press or solvent extraction), refining (degumming, neutralizing, bleaching, deodorizing), packaging/brand manufacturing and downstream users (retail, food processors, feed mills, biodiesel/renewable diesel producers). The sector is capital- and energy-intensive at the refinery level, with profitability strongly driven by feedstock price volatility, refinery scale and access to markets. Recent policy shifts in renewable fuels, trade actions and crop yields are key demand and price drivers.
The global market size of food grade canola oil is USD 19,630 million in 2024 with compound annual growth rate of 6.3% to 2031 reaching market size USD 29,930 million by 2031. With an average selling price of USD 1,500 per ton, implies 13,086,666 tons sold in 2024. A factory gross margin is 15% equals to factory gross profit of USD 225 per tons and USD 1,275 per ton for cost of goods. A COGS breakdown is raw material/feedstock cost (crude oil or seed/crush cost), energy, chemicals (bleaching earth, caustic, neutralising agents), and processing additives, maintenance and factory overhead, packaging, storage and inland logistics. A single line full machine capacity production is around 50,000 ton per line per year. Downstream demand is concentrated in household & foodservice followed by animal feed demand and industrial/biofuel uses (biodiesel/renewable diesel mandates and renewable diesel capacity expansions).
Latest Trends and Technological Developments
Global trade and policy friction has been prominent: China opened an anti-dumping probe into Canadian rapeseed imports in September 2024 (September 2024), a development that influenced buyer source decisions and regional trade flows. India moved to import canola oil in August 2025 for the first time in several years as local rapeseed/rapeseed oil prices surged, highlighting how local crop cycles and prices can rapidly change import patterns (August 2025). Price volatility and spot market dynamics were visible at the end of 2024 when assessments showed cash canola oil prices at some U.S. ports near four-year lows on December 2024 according to market assessments. These trade and price events are press-documented and have immediate implications for Asian buyers and trading routes.
On technology and plant efficiency, vegetable-oil refiners are increasingly experimenting with membrane processes (nanofiltration/OSN), improved degumming and physical refining routes, solvent-less extraction pilot projects and energy-recovery measures to reduce refining costs, lower chemical inputs and improve yield and quality. Several engineering suppliers serve modular small/medium capacity lines (150 TPD batch or continuous configurations), enabling faster deployment in regional markets and improving local value capture. Reports and equipment suppliers document the spread of modular continuous lines, higher automation levels and integration to serve both edible and industrial (fuel) markets.
PT Indofood Sukses Makmur Tbk, a major Indonesian food and beverage corporation, regularly purchases bulk quantities of refined, high-oleic Food Grade Canola Oil from Cargill for its production of premium cooking oils and margarines. In a recent quarterly contract to ensure supply stability for its retail brands, Indofood secured a shipment of 5,000 metric tons at a price of USD $1,150 per metric ton, reflecting the current market premium for oil with a high smoke point and favorable nutritional profile.

The product is used extensively by McDonald's Canada as the primary frying oil across its entire national chain of restaurants. By utilizing Food Grade Canola Oil for cooking items like french fries, chicken nuggets, and Filet-O-Fish, McDonald's ensures a consistent, light flavor and a lower saturated fat profile for its menu items. This large-scale operational application requires a continuous supply, with the company procuring millions of liters annually, amounting to a contract value estimated in the range of USD $15-20 million per year to suppliers like Bunge and ADM.
Asia is a decisive demand center for edible oils including canola oil; consumption is driven by large populations, rising urbanization and increasing foodservice and processed food demand. China is the largest importer and one of the largest processors of oilseeds and rapeseed/crude oil; trade policy and state procurement decisions can re-route hundreds of thousands to millions of tonnes of canola, as the 20242025 trade actions illustrate. India traditionally relies more on palm and soybean oil but shows a capacity to import canola oil opportunistically when domestic rapeseed oil prices spike (August 2025 import). Japan and South Korea are steady importers of canola oil for food use and industrial applications, while Chinas demand profile includes both edible and industrial (renewable diesel/biodiesel) pull. For processors in Asia, margins and competitiveness depend on access to port logistics, scale of refinery lines, feedstock hedging and relationships with global traders.
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Food Grade Canola Oil by Type:
Cold-pressed Canola Oil

Extracted Canola Oil

Food Grade Canola Oil by Shape:
Liquid

Spray

Encapsulated

Blended with Other Oils

Others

Food Grade Canola Oil by Features:
High Smoke Point Oils

Low Saturated Fat Oils

Certified Organic

Enriched Omega 3

Others

Food Grade Canola Oil by Usage:
Household Cooking and Retail

Food service and Hospitality

Food Manufacturing

Animal Feed Processing

Others

Food Grade Canola Oil by Size:
Retail Bottle

Foodservice Packs

Bulk Containers

IBC Supply

Others

Food Grade Canola Oil by Application:
Supermarket & Mall (Offline)

Brandstore (Offline)

Online

Others

Global Top 10 Key Companies in the Food Grade Canola Oil Market
Louis Dreyfus Company

ADM

Cargill

Bunge

Richardson Oilseed

Viterra

Al Ghurair

CHS

Sunora Foods

Oliya

Regional Insights
Within ASEAN, Indonesia and Malaysia are dominant edible-oil producers but for palm oil rather than canola. ASEAN countries are therefore typically net importers of canola oil and canola seed; they substitute between palm, soybean and canola oils depending on price and policy. Indonesias biodiesel policy (B-series mandate increases and domestic biodiesel targets) strongly influences palm oil availability and price; when palm oil is prioritized for domestic biodiesel, imports of alternative oils or shifts in edible oil sourcing patterns can follow. Indonesian market players and regional processors therefore track palm oil policy closely because domestic biodiesel uptake affects regional edible oil balances and import demand for canola/soybean oil. In short, ASEAN demand for canola is import-driven and highly sensitive to palm oil/policy dynamics and to feedstock price spreads between palm, soybean and rapeseed/canola oils.
The canola oil industry faces several structural challenges: (1) feedstock price volatility seed/crude rapeseed prices dominate COGS and shift quickly with weather, fertilizer costs and acreage; (2) trade policy and geopolitical risk anti-dumping probes, tariffs and trade frictions can reallocate flows and force buyers to procure higher-cost alternatives; (3) margin pressure from commoditization refining and bulk edible-oil processing are often low-margin, particularly for independent refiners without integrated crush/seed supply; (4) competing oils and substitution risk palm oil, soybean oil and recycled oils compete strongly on price, especially in price-sensitive markets; (5) sustainability and regulatory pressure deforestation and feedstock sustainability reporting is drawing attention (more so for palm oil), and renewable-diesel policy can change feedstock allocation rapidly. These challenges require active commercial hedging, vertical integration and operational efficiency to manage.
Producers and processors that secure upstream supply (owning crush capacity, offtakes or long-term contracts) enjoy resilience in margins; vertical integration (seed → crush → refine → branded pack) is a recurring commercial hedge. Medium and large processors should evaluate flexible product routing (switching between bottled retail, bulk industrial and fuel customers) and invest in energy efficiency and modular refining technologies to manage cost. For buyers and regional traders in Asia/ASEAN, diversifying supplier base (to mitigate single-country trade risk), flexible contracting and monitoring of renewable fuel policy in importing countries (which can rapidly draw feedstock out of the edible pool) are high-value actions. Strategic M&A (e.g., capacity or storage near major ports) is valuable when local policy or trade disruptions create supply shifts.

Product Models
Food grade canola oil is a widely used edible oil derived from the seeds of the Brassica napus plant, known for its light flavor, high smoke point, and balanced nutritional profile rich in omega-3 and omega-6 fatty acids.
Cold-pressed canola oil is produced by mechanically pressing canola seeds at low temperatures without using solvents, preserving natural antioxidants, flavor, and nutrients such as vitamin E. Notable products include:
Clearspring Organic Canola Oil Clearspring Ltd: European-produced oil offering rich taste and high nutritional value.
Alberta Gold Cold Pressed Canola Oil Alberta Gold: Canadian-made premium oil, unrefined to preserve a natural golden hue.
Hillfarm Cold Pressed Canola Oil Hillfarm Oils: UK-based oil with high omega content and a buttery texture.
Olivado Cold Pressed Canola Oil Olivado Ltd: Cold-pressed oil from New Zealand, prized for its smooth taste and nutritional balance.
Tasman Cold Pressed Canola Oil Tasman Oils (Australia): Gently pressed oil providing a rich, buttery flavor and vibrant yellow tone.
Extracted canola oil is obtained through mechanical pressing followed by solvent extraction and refining processes, resulting in a clear, stable, neutral-tasting oil widely used for frying, baking, and food manufacturing. Examples include:
Crisco Pure Canola Oil The J.M. Smucker Company: Popular refined oil offering high heat tolerance and light texture.
Mazola Canola Oil ACH Food Companies: Widely used cooking oil with a neutral flavor, ideal for deep frying.
Wesson Canola Oil Conagra Brands: Economical refined oil for both home and foodservice applications.
Cargill Refined Canola Oil Cargill Incorporated: Industrial-grade oil used in large-scale food manufacturing.
ADM Canola Oil Archer Daniels Midland Company: Highly refined, odorless oil designed for consistent cooking performance.
The global food grade canola oil industry is a mature but dynamic commodity chain with steady demand growth driven by food consumption and pockets of industrial demand (renewable diesel/biodiesel). Asia is both a major consumption center and driver of trade flows; ASEAN is import-dependent for canola and sensitive to palm oil policy. Profitability at refinery level is a function of feedstock access, scale, processing efficiency and market flexibility. Recent trade actions and renewable-fuel policy expansions have demonstrated how quickly supply and price patterns can change, creating both risks and tactical opportunities for integrated players and traders.

Investor Analysis
What to look at: investors should focus on (a) players with vertical integration into crush capacity (to reduce raw material exposure), (b) companies with port storage and bottling networks in Asia/ASEAN (to capture retail and bulk margins), and (c) firms with exposure to renewable diesel demand or the ability to switch sales into industrial channels. How to act: prioritize targets with demonstrable cost-per-ton advantages (scale, energy efficiency), secure long-term feedstock offtakes, and invest selectively in modular mid-scale refineries near consumption centers. Why it matters: margin compression and episodic price spikes create both downside risk and acquisition opportunities firms that can hedge feedstock and flex product routing can capture outsized returns when markets rebalance. Policy moves (e.g., biodiesel mandates, trade probes) can create multi-month to multi-year pricing dislocations that favor well-capitalized and integrated players. Investors should also factor sustainability disclosure risk (supply-chain scrutiny) into valuations.
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5 Reasons to Buy This Report
Immediate visibility on Asia and ASEAN market dynamics including how trade policy and biodiesel mandates change import demand.
Consolidated operational metrics (price ranges, capacity per line tiers, COGS and margin ranges) tailored for project feasibility and financial models.
A current news-timeline that links recent trade actions and spot price moves to near-term commercial risks and opportunities.
Identification of top global players and a region-focused strategic playbook for vertical integration and capacity siting.
Investor-focused guidance that connects technical plant metrics (capacity per line, yield drivers) to corporate value signals
5 Key Questions Answered
What is the market size and assumed CAGR to 2031 for food grade canola oil?
What are realistic price ranges and total global volume estimates for 2024?
What does a typical COGS and cost-breakdown look like for a canola/refining operation and what margin ranges are typical?
How do Asia and ASEAN differ in demand drivers, and what policy levers most affect imports?
Which companies and operational strategies are best positioned to capture value under current market conditions?
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of the product manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Sales, revenue of the product in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.

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