What Has Been The Evolution of the Rapeseed Oil Market in Recent Years?
The rapeseed oil market has seen considerable growth due to a variety of factors.
• There has been substantial growth in the size of the rapeseed oil market in the past few years. Its market size is predicted to increase from $26.27 billion in 2024 to $27.81 billion in 2025, representing a compound annual growth rate (CAGR) of 5.9%. Factors such as increasing need for edible oils, the perception of healthy oil, the production of biodiesel, the growth of rapeseed cultivation, a wide range of applications, nutritional advantages and the preference for rapeseed oil as cooking oil are behind the rise observed in the historical period.
What Is the Forecasted Market Size and Growth Rate for The Rapeseed Oil Market Size?
The Rapeseed Oil market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size for rapeseed oil is predicted to experience significant expansion. It is projected to reach $34.58 billion by 2029, with a compound annual growth rate (CAGR) of 5.6%.
Factors contributing to growth during this projected timeframe include the shift towards plant-based diets, increasing awareness of health, preferences for clean labels, a rising global population, tariff and trade agreements. Key trends expected in this timeframe encompass technological advancements, practices of sustainable and organic production, revolutionary processing technologies, quality verification, and traceability, as well as challenges from other oils in the market.
What Factors Are Driving Growth In The Rapeseed Oil Market?
The rapeseed oil market is projected to expand due to the rising demand for biodiesel. Biodiesel, a renewable, biodegradable fuel that originates from sources such as vegetable oils, animal fats, or reused restaurant grease, can be produced at home. The biodiesel energy is typically generated from rapeseed or canola seed, both of which are edible crops. Canola or edible rapeseed biodiesel solidifies at a lower temperature compared to biodiesel made from other raw materials, thus making it a more suitable fuel for colder environments. As indicated in an article by the Union for the Promotion of Oil and Protein Plants (UFOP), a Germany-based association committed to the cultivation, processing, and marketing of oil and protein crops, the blending use of biodiesel and hydrotreated vegetable oil was estimated to have surpassed 1.23 million tons in the first half of 2022, marking a 6.3% uplift from the corresponding period in 2021. Hence, the escalating demand for biodiesel is fostering the growth of the rapeseed oil market.
What Are The Main Segments Of The Global Rapeseed Oil Market?
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 Emerging Trends Are Influencing The Growth Of The Rapeseed Oil Market?
The emergence of product innovations is a notable trend in the rapeseed oil market. To stay competitive, prominent businesses in the market are focusing on bringing advanced products. For example, in June 2022, Solvay S.A., based in Belgium, introduced two new high-performance biosurfactants, Mirasoft SL L60 and Mirasoft SL A60. These products, developed from rapeseed oil and sugar, are designed to make eco-friendly beauty care products. Causing minimal environmental and carbon footprints, these glycolipid biosurfactants have multiple applications in beauty items, including shampoos, conditioners, shower gels, face washes, and creams. Mirasoft SL L60 and Mirasoft SL A60 work on par with synthetic variants, but without any environmental hazards. They are completely bio-based, easily degradable, and utilize green chemistry, showcasing Solvay's dedication towards sustainability and fostering a circular, regenerative economy.
Who Are the Key Players 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 Is The Most Dominant Region 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
