Rapeseed Oil Market Size & Growth Analysis to 2030

The global rapeseed oil market size was estimated at over USD 35 billion in 2019 and projected to grow at the CAGR of 7% market during 2020-2027. Rapeseed oil contained almost 70% of monounsaturated fatty acids. Erucic acid was seen to be present in rapeseed oil, which was allied with fibrotic lesions of the heart. Therefore, rapeseed oil was known to be harmful to humans and was used for other applications such as a source of lubricant for machinery. With the advent of technology, rapeseed oil is used for the production of biodiesel, which would therefore help in living a pollution-free environment; as a vegetable oil in food, which reduces the risk of cardiovascular diseases; in the production of animal feed among other applications. Major applications such as biodiesel and food are the key driving areas for the global rapeseed oil market. Therefore, rapeseed oil is expected to gain a strong foothold in the market during the forecast period.

Market Insights:

The prominent shift in consumer food patterns from animal to vegetable products owing to growing health awareness along with the increasing demand for dietary fats and oils have primarily driven the global rapeseed oil market. Consumers in need of control in health issues such as cardiovascular ailments and cancer is another major factor that is leading to the increasing consumption of rapeseed oil thereby fueling the growth of the global rapeseed oil market. The growing food industry with the objective of producing healthy food for consumers is also expected to drive the rapeseed oil market. Due to the nutritional benefits such as low saturated fat content, Vitamin E, high content of unsaturated fat and antioxidants is expected to majorly drive the global rapeseed market during the forecast period. Rapeseed oil has also been a major application in personal care products such as oils, cream, and lotions. The presence of Vitamin E and antioxidants in cosmetic products helps in reducing scar tissues, repairs damaged hair, repairs skin conditions such as itching, eczema, and acne thereby promoting healthy skin. Rapeseed oil is also used as a carrier oil that can be applied topically.

Market Segment Insights:

Food was the leading application segment of rapeseed oil in 2019, accounting for more than 70% of market revenue. It is anticipated to hold its position in the near future due to changing food patterns of people. Growing preference for biofuel has also generated high demand for biodiesel in the market. Biodiesel accounted to be the second-largest application of rapeseed oil which is expected to gain a strong foothold during the forecast period 2020-2027. Furthermore, feed and other applications are also expected to offer growth opportunities for rapeseed oil in the near future.

Global Rapeseed Oil Market Segmentation:

By Application, 2018–2027 ($ Millon)

• Traditional Therapy
• Biofuel
• Food Processing
• Others (Personal care products, etc. )

Global Rapeseed Oil Market, by Geography, 2018-2027 ($ Millon)

• North America
• Europe
• Asia Pacific
• Latin America (LATAM)
• Middle East and Africa (MEA)

Regional Insights:

For the purpose of this study, the global rapeseed oil market is regionally categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa markets. These regional markets are further sub-segmented into top country-level markets that majorly determine the regional industry trends. The Asia Pacific accounted for the largest share of the global rapeseed oil market in 2019. It accounted for more than 40% share of the global rapeseed oil market. As rapeseed oil is primarily used on a large scale by the residents, demand is anticipated to be high in the region. In addition, the Asia Pacific and North America is also expected to experience comparatively high growth during the forecast period 2020-2027 due to changes in the food patterns of the people. India and China are anticipated to offer growth opportunities during the forecast period 2020-2027.

Market Competition Assessment:

The major players currently operating in the global rapeseed oil market include Cargill Incorporated, Cullise, Folba Oil Limited SDN, Mackintosh of Glendaveny, Ola Oils, Pacific Coast Canola, and RISOIL S.A.

List of Key Companies:

• Cargill Incorporated
• Cullise
• Folba Oil Limited SDN
• Mackintosh of Glendaveny
• Ola Oils
• Pacific Coast Canola
• RISOIL S.A.

Key Questions Answered by Rapeseed Oil Market Report

• Global rapeseed oil market forecasts from 2020-2027
• Regional rapeseed oil market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, the Middle East, and Africa, and Latin America
• Country-level forecasts from 2020-2027 covering 15 major countries from the aforementioned regions
• Rapeseed Oil submarket forecasts from 2020-2027 covering submarket 1, submarket 2 submarket 3
• Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to the rapeseed oil market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level rapeseed oil markets from 2020-2027
• Competitive Landscape and market positioning of top 10 players operating in the rapeseed oil market

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