Canola Oil Market Demand and Growth Analysis with Forecast 2022

Canola oil is obtained from a genetically modified variety of rapeseed. It is pale and golden in colour, and has a light texture, neutral taste and high heat tolerance. It is considered to be a rich source of fat-soluble vitamins, beta-carotene, omega-3 and -6 fatty acids, and oleic acids. As a result of this, it provides various health benefits, such as slowing down the digestion process and providing warmth to the body. According to The latest report titled, “Canola Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global canola oil market reached a volume of more than 28 Million Tons in 2016, exhibiting a CAGR of around 6% during 2009-2016.

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The market for canola oil is driven by several growth-inducing factors. The major factor which has contributed in influencing the demand for canola oil is its widening applications across various sectors, such as food, cosmetics, industrial, etc. In the food sector, it is mainly used for stir-frying, grilling, baking, sautéing, salad dressing and shortening. In the industrial sector, canola oil is used in plasticizers to provide higher viscosity and tensile strength. Some of the other products where canola oil is used as an essential ingredient are candles, soaps, lipsticks, lubricants, inks, biofuels, insecticides, etc. Owing to these factors, the market is further expected to reach a volume of 40 Million Tons by 2022.

The report has analysed the market on the basis of food and non-food applications. Currently, the food applications represent the largest application segment. The market is further segmented on a regional basis, covering Europe, China, Canada, India and Japan. Among these, Europe represents the largest market for canola oil, accounting for around a third of the total share. An analysis of the competitive landscape provides the details of the key players operative in the market. Some of the major players are Archer Daniels Midland, Bunge Limited, Cargill, Inc., James Richardson International and Louis Dreyfus Company.

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This report provides a deep insight into the global canola oil industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a canola oil manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the canola oil industry in any manner.

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