Rapeseed Oil Market

Rapeseed Oil Market - An Overview

The global rapeseed oil market is expected to witness strong growth during the forecast period between 2021 and 2031.

Rapeseed oil is an oil product that is obtained from black seeds of oilseed rape plant. Also known as canola oil, rapeseed oil has found numerous applications in production of personal care and cosmetic products as well as in biofuel manufacturing.

Rapeseed oil has emerged as the healthiest of all oil products and as a result, has witnessed high demand among consumers in different age sections.

Rapeseed Oil Market - Trends and Opportunities

Rising production of rapeseed oil in leading economies globally is the key growth driver for rapeseed oil market.

Also, increase in health conscious population in prominent countries worldwide is expected to help create revenue-generation opportunities for leading players in global market, in the years ahead.

In addition to this, increasing consumer need to reduce the possibility of cardiovascular diseases is anticipated to trigger the rapeseed oil demand and propel overall market, in years to come.

Rapid urbanization, especially in developing economies and rising disposable income could also be contributing factors to growth of global rapeseed oil market, in years to come.

Offline distribution channels are expected to emerge as largest contributor, in terms of revenue, to overall rapeseed oil market due to rising consumer preference to physically purchase rapeseed oil products from supermarkets and hypermarkets in leading economies globally.

Rapeseed Oil Market - Competitive Landscape

Competitive landscape in global rapeseed oil market is fragmented due to presence of numerous leading players. Many of these players have become successful owing to years of delivering consistent results and are projected to hold a large share in overall market, in the coming years.

Launch of new rapeseed oil products could help leading players generate revenue streams and also assist in gaining a competitive edge over other players.

R&D undertakings to produce improved quality of rapeseed oil could be key, revenue-generating growth strategy for well-established rapeseed oil market players, in the years ahead.

Signing collaborative agreements with smaller players could help prominent rapeseed oil market players in expanding their market presence and increasing their revenue shares.

Some of the leading players in global market include Adani Wilmar Ltd., Soya Industries Ltd., American Vegetable Oils Inc., Louis Dreyfus Company, and Adams Group Inc.

Rapeseed Oil Market - Regional Assessment

The global rapeseed oil market is classified into five regions, namely, North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.

Asia Pacific is expected to be the dominant region in global rapeseed oil market owing to increasing product demand in manufacturing of cosmetic products and biofuel in countries such as China and India, contributing significantly to market growth in the region.

Ease of availability of key resources such as land and labor could help leading rapeseed oil market players establish research and development centers that would function exclusively to produce improved quality of products and assist in market growth.

North America is anticipated to offer significant growth opportunities for global rapeseed oil market in the coming years because of increasing demand for rapeseed oil as a functional ingredient in personal care products manufacturing in countries such as the U.S and Canada.

Europe is expected to witness strong growth in overall market in years to come owing to increasing demand from food processing industry in countries such as the U.K and Germany.

Other regions of the world such as Latin America and Middle East and Africa are projected to witness moderate growth in global market, in the coming years, owing to reduced presence of prominent market players in countries belonging to both the regions.