Rapeseed Oil Market Size, Growth, Industry & Revenue | 2031
Rapeseed Oil Market Size, Growth, Industry & Revenue | 2031
Segments - Rapeseed Oil Market by Type (Virgin and Processed), Extraction Process (Cold-pressed and Solvent-extracted), Distribution Channels (Online Sales and Offline Distribution), Application (Personal Care, Bio-fuel, and Food Processing), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :FB-4973
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Report Description
The global rapeseed oil market size was USD 23.3 Bn in 2022 and is likely to reach USD 37.9 Bn by 2031, expanding at a CAGR of 6.1% during 2023–2031. The market growth is attributed to the increased manufacturing of rapeseed oil products as a rich source of mono-saturated fats and antioxidant vitamin E.
Rapeseed oil is obtained through extractions of seeds of the rape plant. Rapeseed oil, also called canola oil or colza is a golden-yellow or brownish-yellow colored oil ground out of black-red colored rape crop seeds. Enriched with alpha-linolenic acid rapeseed oil aids in lowering blood pressure. Decreased likelihood of heart attack through the intake of omega-3 fat-rich rapeseed oil is a major heart-related health benefit.
The widespread cultivation of rape plant seeds serves numerous benefits, especially for the eyes, and skin. Personal care products made out of rapeseed oil, rich in vitamin E and are beneficial to the eyes and skin enhancing collagen and giving a youthful hydrated skin appearance. The formulations of anti-aging skin care products and eye care products having rapeseed oil as a key constituent are extensively used in cosmetics.
The market report finds that the COVID-19 pandemic negatively impacted the rapeseed oil market. Lockdowns imposed by governments across the globe led to the abrupt shutting down of restaurants, cafes, malls, and hotels significantly declining the demand for rapeseed oils applications. Furthermore, the shutting down of international trade during the pandemic period adversely impacted the imports and exports of rapeseed oil.
Rapeseed Oil Market Dynamics
The global rapeseed oil market report has up-to-date insights that help formulate a strategic roadmap about the estimated market scenario and performance from 2023 to 2031.
What Drivers the Rapeseed Oil Market?
Increasing health consciousness among buyers for the low-fat properties of rapeseed oil is a major driver for market growth. Increased awareness among consumers regarding the ill effects of consuming high fat contained foods and beverages is driving the market growth of rapeseed oil products.
What are the Restraints of the Rapeseed Oil Market?
The volatility in prices of raw materials for the production of rapeseed oil is a major restraining factor for market growth. Uncertain weather conditions are a major reason hampering the consistent production of rape plant seeds which may hamper the market growth through price fluctuations.
What are the Opportunities in the Rapeseed Oil Market?
The rising need to reduce the use of fossil fuels to curb global warming and climate change has presented opportunities for fuel substitutes. Growing investments in the development of biofuels with rapeseed oil as the main constituent is expected to provide market growth opportunities.
Scope of the Rapeseed Oil Market Report
The global rapeseed oil market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Rapeseed Oil Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2020–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (Virgin and Processed), Extraction Process (Cold-pressed and Solvent-extracted), Distribution Channels (Online Sales and Offline Distribution), and Application (Personal Care, Bio-fuel, and Food Processing) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast. |
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Key Players Covered in the Report |
Sodrugestvo; Cargill; CCS Estates; K. S. Oils Limited; Walter Rau Neusser; Incorporated; Ola Oils; SME Business Services Limited; INTERFAT; Nuspec Oil; and Archer Daniels Midland Company. |
Rapeseed Oil Market Segment Insights
What Key Factors Contribute to the Rapid Expansion of the Virgin Segment?
On the basis of the type segment, the rapeseed oil market is bifurcated into the virgin and processed segments.
The virgin segment of the rapeseed oil market is projected to register a considerable CAGR during the forecast period due to the low content of saturated fats. Virgin rapeseed oils are rich in omega 3, 6, and 9 fatty acids and Vit K and Vit E making them the ideal choice in the diets of health-conscious individuals which is expected to boost the segment growth.
What are the Main Aspects for Boosting the Cold-pressed Segment?
Based on the extraction process, the global rapeseed oil market is divided into cold-pressed and solvent-extracted processes.
The cold-pressed segment is anticipated to grow at a rapid pace during the projected period as the method uses no solvents or chemicals. The end product oil obtained is 100% pure and safe from harmful additives making it the ideal choice for fat-free oil consumption.
Which Major Factors Influence the Significant Growth of the Offline Distribution Segment?
On the basis of the distribution channels, the rapeseed oil market is segregated into online sales and offline distribution.
The offline distribution segment is expected to emerge as the largest market contributor during the forecasted period owing to the choice of consumers to physically check for oil quality and buy the products from offline stores. Increased promotion by supermarkets, hypermarkets, and malls educating masses about the health benefits of the rapeseed oil market is expected to attract buyers to offline stores fostering the segment growth.
Which Key Factors Influence the Significant Growth of the Food Processing Segment?
Based on application, the global market is divided into personal care, biofuel, and food processing.
The increased use of rapeseed oil in the food processing segment is expected to grow in the forecast period due to its high nutritional values and applications in bakery products, mayonnaise, and marination meals. Rapeseed oil as an ingredient in salad dressing oils and animal and pet food is expected to boost the food processing segment growth during the forecast period.
Why is Asia Pacific Dominating the Rapeseed Oil Market?
In terms of region, the global rapeseed oil market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
Asia Pacific is expected to dominate the market during the forecast due to the use of rapeseed oil in the staple diets of most Asian countries. Growing health consciousness coupled with disposable incomes in the region has increased the use of rapeseed oil in nutrient-rich health foods boosting the market growth.
The rapeseed oil market of North America is anticipated to expand at a rapid pace during the forecast period with increased application of rapeseed oil in industrial applications in the region. The increasing use of rapeseed oil in American cuisines is expected to expand the market growth in the upcoming years in North America.
Segments
The global rapeseed oil market has been segmented on the basis of
Type
- Virgin
- Processed
Extraction Process
- Cold-pressed
- Solvent-extracted
Distribution Channels
- Online Sales
- Offline Distribution
Application
- Personal Care
- Bio-fuel
- Food Processing
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Sodrugestvo
- Cargill
- CCS Estates
- K. S. Oils Limited
- Walter Rau Neusser
- Incorporated
- Ola Oils
- SME Business Services Limited
- INTERFAT
- Nuspec Oil
- Archer Daniels Midland Company
Competitive Landscape
Key players competing in the global rapeseed oil market are Sodrugestvo; Cargill; CCS Estates; K. S. Oils Limited; Walter Rau Neusser; Incorporated; Ola Oils; SME Business Services Limited; INTERFAT; Nuspec Oil; and Archer Daniels Midland Company.
These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide.
In July 2022, Repsol Foundation, in collaboration with Nuspec Oil and a group of private companies provided financial aid for commercializing rapeseed oil and the development of bio-based oils.
On July 22, 2022, Cargill and Continental Grain Company completed the acquisition of Sanderson Farms, Inc. through a joint venture between Cargill and Continental Grain. The acquisition was announced on August 09, 2021, for operating prepared food plants in the US.
Frequently Asked Questions
The key players competing in the rapeseed oil market are Sodrugestvo, Cargill, CCS Estates, K. S. Oils Limited, Walter Rau Neusser, Incorporated, Ola Oils, SME Business Services Limited, INTERFAT, Nuspec Oil, and Archer Daniels Midland Company.
For regional analysis, Asia Pacific is likely to dominate the rapeseed oil market during the forecast period.
The market growth is attributed to the increased manufacturing of rapeseed oil products as a rich source of mono-saturated fats and antioxidant vitamin E.
The global rapeseed oil market size was USD 23.3 Bn in 2022 and is likely to reach USD 37.9 Bn by 2031, expanding at a compound annual growth rate of 6.1% during 2023–2031.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Rapeseed Oil Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Rapeseed Oil Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rapeseed Oil Market - Supply Chain
4.5. Global Rapeseed Oil Market Forecast
4.5.1. Rapeseed Oil Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rapeseed Oil Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Rapeseed Oil Market Absolute $ Opportunity
5. Global Rapeseed Oil Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Rapeseed Oil Market Size and Volume Forecast by Types
5.3.1. Virgin
5.3.2. Processed
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Rapeseed Oil Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Rapeseed Oil Market Size and Volume Forecast by Applications
6.3.1. Personal Care
6.3.2. Bio-fuel
6.3.3. Food Processing
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Rapeseed Oil Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Rapeseed Oil Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Rapeseed Oil Demand Share Forecast, 2019-2026
8. North America Rapeseed Oil Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Rapeseed Oil Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Rapeseed Oil Market Size and Volume Forecast by Types
8.4.1. Virgin
8.4.2. Processed
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Rapeseed Oil Market Size and Volume Forecast by Applications
8.7.1. Personal Care
8.7.2. Bio-fuel
8.7.3. Food Processing
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Rapeseed Oil Demand Share Forecast, 2019-2026
9. Latin America Rapeseed Oil Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Rapeseed Oil Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Rapeseed Oil Market Size and Volume Forecast by Types
9.4.1. Virgin
9.4.2. Processed
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Rapeseed Oil Market Size and Volume Forecast by Applications
9.7.1. Personal Care
9.7.2. Bio-fuel
9.7.3. Food Processing
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Rapeseed Oil Demand Share Forecast, 2019-2026
10. Europe Rapeseed Oil Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Rapeseed Oil Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Rapeseed Oil Market Size and Volume Forecast by Types
10.4.1. Virgin
10.4.2. Processed
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Rapeseed Oil Market Size and Volume Forecast by Applications
10.7.1. Personal Care
10.7.2. Bio-fuel
10.7.3. Food Processing
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Rapeseed Oil Demand Share Forecast, 2019-2026
11. Asia Pacific Rapeseed Oil Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Rapeseed Oil Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Rapeseed Oil Market Size and Volume Forecast by Types
11.4.1. Virgin
11.4.2. Processed
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Rapeseed Oil Market Size and Volume Forecast by Applications
11.7.1. Personal Care
11.7.2. Bio-fuel
11.7.3. Food Processing
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Rapeseed Oil Demand Share Forecast, 2019-2026
12. Middle East & Africa Rapeseed Oil Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Rapeseed Oil Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Rapeseed Oil Market Size and Volume Forecast by Types
12.4.1. Virgin
12.4.2. Processed
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Rapeseed Oil Market Size and Volume Forecast by Applications
12.7.1. Personal Care
12.7.2. Bio-fuel
12.7.3. Food Processing
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Rapeseed Oil Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Rapeseed Oil Market: Market Share Analysis
13.2. Rapeseed Oil Distributors and Customers
13.3. Rapeseed Oil Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Sodrugestvo
13.4.2. Cargill
13.4.3. CCS Estates
13.4.4. K. S. Oils Limited
13.4.5. Walter Rau Neusser
13.4.6. Incorporated
13.4.7. Ola Oils
13.4.8. SME Business Services Limited
13.4.9. INTERFAT
13.4.10. Nuspec Oil
13.4.11. Archer Daniels Midland Company
Methodology
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