According to a recent market study published by Growth Market Reports, titled, “Global Cold-pressed Canola Oil Market by Product, by Type, by Application, by Distribution Channel, and by Region: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at US$ 1,461.1 Million in 2019 and is expected to grow at a healthy growth rate of 7.1% by the year 2027. Cold-pressed canola oil is considered to be 100% pure oil with a maximum of 2% of erucic acid content in countries including the US, Australia, and New Zealand and 5% in countries in Europe. Cold-press is a process that preserves health benefits and flavors. Its price is higher than the extracted canola oil, as the yield of this product is lower. The increasing demand for cold-pressed canola oil due to the associated benefits is boosting its production across the globe. Moreover, increasing product penetration through various retail channels is expected to fuel the market growth during the forecast period.
The global cold-pressed canola oil market is fragmented based on distribution channel, end use, and region. Based on the distribution channel, the market is classified as B2B and B2C. In terms of end use, the market is categorized as food industry, biofuel, cosmetics, and others. Based on region the global cold-pressed canola oil market has been fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Request a free sample copy: https://growthmarketreports.com/request-sample/225
The cold-pressed canola oil market is expected to witness a slight decrease its in year-on-year growth for 2020 as compared to for previous year 2019. Interruption in the supply chain of cold-pressed canola oil across the globe due to the spread of COVID-19 has a moderate negative impact on the product sales. Thus, the import and export of cold-pressed canola oil has witnessed a small decline in volume sales across the world in 2020. The partial closing of restaurants, cafes, food processing and food services in first and second quadrants of 2020 had a significant impact on the sales of the cold-pressed canola oil. Moreover, inadequate raw material supply and lack of available workforce for production of cold-pressed canola oil in the first and second quadrant of 2020 had hampered the market growth in 2020.
As per Growth Market Reports industry analyst Akshay Udavant, “The global cold-pressed canola oil market is anticipated to witness significant growth during forecast period 2020-2027. The cold-pressed canola oil market is registering growth opportunities across the globe, as it helps in reducing inflammation, improves metabolism in the human body, aids in the development of infants and shields against heart attacks and strokes. Rising Internet penetration worldwide has significantly increased the number of people using social media websites and apps. Thus, key players are engaged in advertising their cold-pressed canola oil products through social media platforms including Instagram, Facebook, and Twitter.”
Key Takeaways from the Study:
- The players including Bunge North America, Inc., Jivo Wellness Pvt. Ltd., Pleasant Valley Oil Mills, Mol Farms Inc., and Good Earth Oils Pty. Ltd, together hold major market share of Global Cold-pressed Canola Oil market in year 2019.
- Asia Pacific is a promising region for the market. The market in this region is expected to grow in the coming years owing to the growth in the food industry and increasing product demand in cosmetics industry.
- In terms of value, the food industry segment accounted for substantial share of the market in 2019 and is expected to expand at a substantial CAGR during the forecast period.
- In terms of value, the B2B segment held significant share of the market in 2019, owing to its rising use in various industries. The increasing trend pertaining to the use of cold-pressed canola oil for regular cooking purposes among households is driving the B2C segment growth.
Report Scope:
|
Report Metric |
Details |
|
Market Value in 2019 |
US$ 1,461.1 Million |
|
Market Growth Rate (from 2020 to 2027) |
7.1% |
|
Historical Data |
2017, & 2018 |
|
Base Year |
2019 |
|
Forecast Period |
2020 - 2027 |
|
Units Considered |
Value (US$ Million) |
|
Market Segments |
by Distribution Channel, by End Use, and Region |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
|
Key Companies Profiled |
Alba Edible Oils |
|
Customization Scope |
Report customization available on request |
|
Pricing and Purchase Options |
Avail tailor-made purchase options to meet your research requirements. |
Target Audience:
- Supply-side: Manufacturers, raw material suppliers, and distributors
- Demand Side: Food Industry, Biofuel Industry, and Cosmetics Industry
- Regulatory Side: Concerned government authorities, and other regulatory bodies
- Associations and Industry Bodies: Federation of Oils, Seeds & Fats Associations (FOSFA), American Fats & Oils Association (AFOA), National Oilseed Processors Association (NOPA), and Institute of Food Science Technology (IFST).