Authored By: Sarah
11 Jul 2024

 Rapeseed Oil Market Size to grow by USD 10102.6 million between 2024-2028

According to a research report “ Rapeseed Oil Market” by Distribution Channel (Offline, Online) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 10102.6 million, at a CAGR of  4.5% during the forecast period. In the global market, rapeseed oil holds significant importance due to its health advantages. This oil is distinguished by its lower content of saturated fat compared to other edible oils. It is a valuable source of polyunsaturated and monounsaturated fats, contributing to maintaining optimal cholesterol levels for consumers. Moreover, rapeseed oil is rich in omega-3 fatty acids, making it a preferred choice for health-conscious individuals. The increasing consumer awareness regarding the health benefits associated with rapeseed oil has resulted in a surge in its consumption worldwide, positively influencing the growth of the rapeseed oil market during the forecast period.

Browse market data tables, figures, and in-depth TOC on “Rapeseed Oil Market” by Distribution Channel (Offline, Online) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Distribution Channel, the Offline segment is projected to dominate the market size in 2024

ai_market_segmentation_by

By Geography, APAC  segment is expected to hold the largest market size for the year 2024

In the global rapeseed oil market, offline distribution channels play a pivotal role in reaching consumers. These channels encompass organized retailing outlets such as supermarkets, hypermarkets, discount stores, convenience stores, health stores, and grocery stores. The offline distribution network's significance stems from its ability to accommodate numerous rapeseed oil brands, providing consumers with a wide array of choices. Infrastructure development and urbanization's rapid expansion worldwide have fueled the offline distribution channels' increasing penetration. Major markets, including the US, the UK, Germany, France, Italy, Australia, Japan, China, and Canada, exhibit a high degree of offline distribution channel penetration.

APAC is forecasted to hold the largest market size by region in 2024

The rapeseed oil market represents a significant business opportunity, with robust growth projected due to increasing demand for healthy cooking oils. This vegetable oil derived from rapeseed plants offers numerous health benefits and is widely used in food processing and industrial applications. Key players in this market focus on expanding production capacity to meet surging demand, particularly in Asia-Pacific and Europe. Government initiatives supporting the use of rapeseed oil as a biodiesel feedstock further boost market prospects.

The Rapeseed Oil Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Alicorp SAA
  • Amazon.com Inc.
  • Archer Daniels Midland Co.
  • Bunge Ltd.
  • Cargill Inc.
  • COFCO Corp.
  • Farrington Oils
  • Hillfarm Oils Ltd.
  • Israbar Oils & Grains
  • KOYO KAIUN Co. Ltd.
  • Littleseed
  • Louis Dreyfus Co. BV
  • Nisshin OilliO Group Ltd.
  • NMGK Group
  • Ola Oils
  • OLVEA Vegetable Oils
  • Southern Oil (PTY) Ltd.
  • Viterra Inc.
  • Walter Rau Neusser
  • Wilmar International Ltd.
.

For insights on company offerings- Request a sample report!

Research Analysis Overview

The Rapeseed Oil Market has been witnessing significant growth due to the increasing demand for healthy diets and the recognition of rapeseed oil as a source of Polyunsaturated and Monounsaturated fats. Refined rapeseed oil and cold-pressed rapeseed oil are popular variants of this oil, each catering to different consumer preferences. The Food Service Industry and the Food Processing Sector are major consumers of rapeseed oil, which is used for frying and cooking due to its high smoke point. Comparatively, olive oil and sunflower oil have traditionally held the top spots in the market. However, rapeseed oil's health benefits, including the presence of Antioxidants, Vitamin E, Omega-3 fatty acids, and the oil-rich property of Brassica rapa and Brassica napus (Rape Plant), have been gaining attention among health-conscious consumers. Moreover, rapeseed oil is also used in the production of Bio-diesels. The black-red colored seeds of the rape plant yield this versatile oil, which is also known as Canola oil or Colza oil in some regions. With its numerous health benefits and increasing popularity, the Rapeseed Oil Market is expected to continue its growth trajectory.

Market Research Overview

The Rapeseed Oil Market is witnessing significant growth due to increasing health-conscious consumers seeking sustainable and heart-healthy alternatives to traditional cooking oils like diesel fuel and fossil fuels. Rapeseed oil, derived from the Brassica rapa and Brassica napus plants, is rich in monounsaturated and polyunsaturated fats, antioxidants, Vitamin E, and Omega-3 fatty acids. It is a versatile oil used in various industries, including food service, food processing, bio-fuels, and industrial applications. The market is driven by sustainability initiatives to reduce CO2 emissions and combat climate change. The Paris-Granville line, for instance, is a major railway line in France that has switched to biodiesel made from rapeseed oil to decrease its carbon footprint. Rapeseed oil is also a viable alternative to palm and soybean oil in the production of bio-based chemicals, plastics, lubricants, and renewable energy. Health-conscious consumers are opting for rapeseed oil due to its heart-healthy benefits in managing chronic disorders like diabetes and obesity, which are associated with lifestyle diseases such as stroke and heart diseases. The market includes various types of rapeseed oil, such as cold-pressed, refined, virgin, and processed, catering to different culinary applications and smoke points. The food processing sector and specialty stores, including online platforms, are significant distribution channels for rapeseed oil. E-commerce platforms and online retailers have created new sales channels for rapeseed oil suppliers, increasing its accessibility to consumers. The market also includes various varieties of rapeseed oil, such as high erucic and low erucic, with different fatty acid compositions and health benefits. The rapeseed oil market is expected to continue growing due to its versatility, health benefits, and sustainability initiatives. Digital technologies, including online groceries and retailers, are also providing new opportunities for testing and researching rapeseed oil's potential uses and applications.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!
Technavio