Global Rapeseed Oil Market Segments 2024, Forecast To 2033
5 Mar, 2024
The rapeseed oil market has witnessed robust growth, progressing from $24.81 billion in 2023 to $26.27 billion in 2024, demonstrating a substantial CAGR of 5.9%. Historical expansion is attributed to the increasing demand for edible oils, biodiesel production, and the nutritional benefits of rapeseed oil. Strong growth is anticipated, projecting a market size of $32.78 billion in 2028, maintaining a CAGR of 5.7%. This growth is driven by the shift towards plant-based diets, rising health consciousness, and sustainable production practices.
Global Rapeseed Oil Market Key Driver
Biodiesel's rising demand drives the rapeseed oil market, with estimates of over 1.23 million tons consumed in the first half of 2022, marking a 6.3% increase. Canola biodiesel, derived from rapeseed, is preferred for colder climates, contributing to the rapeseed oil market's expansion.
Get A Free Sample Of The Global Rapeseed Oil Market ReportGlobal 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: Supermarkets And Hypermarkets, 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)
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the rapeseed oil market in 2023, 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
Major Rapeseed Oil Industry Players
Bunge Limited; CCS Estates Limited; Ola Oils Ltd.; Yorkshire Rapeseed Oil Ltd.; Archer Daniels Midland Company; Mackintosh of Glendaveny Ltd.; Interfat SA; Louis Dreyfus Company BV; Sodrugestvo Group SA; Midlands Holdings Limited; Abu Dhabi Vegetable Oil Company LLC; Rein Oil CC; Gujarat Ambuja Exports Limited; K. S. Oils Limited; Cargill Incorporated; ConAgra Foods Inc.; RISOIL S.A.; Sodrugestvo; Adams Group Inc.; American Vegetable Oils Inc.; Grief Inc.; Ruchi Soya Industries Limited; Vantage Performance Materials; Perdue Agribusiness LLC; Natures Crops International Limited; Folba Oil Limited SDN; ViOil Industrial Group; Viterra Inc.; Associated British Foods plc
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AIOps Rapeseed Oil Market Overview
Rapeseed oil is plant-based cooking oil that is part of the brassica family, which includes cabbage and mustard. Rapeseed oil tastes nutty, buttery, and earthy. Rapeseed, which is low in saturated fat, has been widely recognized for its health benefits and other nutritional extras, such as Omegas 3, 6, and 9, which can help maintain a healthy brain, heart, and joint functions.
Rapeseed Oil Global Market Report 2023 provides data on the global rapeseed oil market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The rapeseed oil market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.