Global Rapeseed Oil Market Research Report 2023
Global Rapeseed Oil Market By Type (Processed, Virgin), Nature (Conventional & Organic ), By Application (Food Processing, Bio Fuel, Cosmetics & Personal Care, Animal Feed, And Others), Extraction Process (Aqueous Process And Enzyme Based Process), Distribution Channel(Supermarkets And Hypermarkets, Independent Retail Stores, Business To Business, Online Sales Channels), And Regional Global Market And Forecast, 2023-2030
Rapeseed Oil Market Synopsis
The Global Rapeseed Oil Market size is expected to grow from USD 24,466.61 Million in 2023 to USD 35,591.07 Million by 2030, at a CAGR of 5.50% during the forecast period (2023-2030).
rapeseed oil is one of the oldest known vegetable oils. It’s extracted from the seeds of a plant called rape, usually by cold-pressing. This oil is extracted from the seeds of black and red rapeseed plants. The plant grows primarily in Canada and Western Europe and is identifiable by its bright yellow flowers. Rapeseed oil is yellow-golden or yellow-brownish and is known for its stimulating aroma and neutral, earthy, and nutty flavor. Rapeseed oil has emerged as the healthiest of all oil products, as a result, has witnessed high demand among consumers in different age sections.
- This oil is a popular choice for cooking because it is a lighter alternative to other cooking oils. It is also used in salad dressings and can be heated to high frying temperatures without losing antioxidants, flavor, or color due to its high mono-unsaturated fat content. The oil is rich in monounsaturated fatty acids and polyunsaturated fatty acids such as linoleic acid, oleic acid, and alpha-linolenic acid.
- Rapeseed oil is a healthy oil that has numerous health benefits such as improved digestion, reduced cholesterol, improved gallbladder function, and lowered risks of cardiovascular diseases. It is high in unsaturated fats and vitamins E and K and contains a beneficial ratio of omega-3 to omega-6 fats which can positively influence heart health. Rapeseed oil has many industrial uses including biodiesel, cosmetics, and personal care production. Additionally, a paradigm shift in the dietary preferences of the masses is increasing the market demand for rapeseed oil.
- Furthermore, continual technological advancements in the oil manufacturing process, coupled with the launch of value-added product variants, are creating a positive outlook for the market. Moreover, The market for scar removal products is growing rapidly due to factors such as easy product availability via online and offline organized retail channels, inflating disposable income levels, escalating demand for dietary fats and oils, growing product usage in animal feed production, extensive research and development (R&D) activities and rapid product utilization in scar removal applications in cosmetic surgeries.
Source: Statista
In the above graph, India consumed close to four million metric tons of rapeseed oil in the financial year 2022. This was an increase from 2.3 million metric tons in fiscal year 2016. Rapeseed mustard is a principal winter oilseed in the South Asian country.
Top Key Players Involved Are:
"Archer-Daniels-Midland Company (USA), Bunge Limited (USA), Cargill Incorporated (USA), Conagra Brands Inc. (USA), Cullise Ltd. (UK), Interfat SA (Spain), Louis Dreyfus Company B.V. (Netherlands), Mackintosh of Glendaveny (UK), Ola Oils Limited and Yorkshire Rapeseed Oil (UK), American Vegetable Oils Inc. (USA), Adani Wilmar Ltd. (India), Associated British Foods plc. (UK), Adams Group Inc. (USA), Marico Limited (India), Borges International Group S.L.U (Spain), Ruchi Soya Industries Limited (India), and other key players."
Rapeseed Oil Market Trend Analysis
Change In Eating Habits Increasing Health Awareness:
- Leading players in the global market are expected to generate revenue opportunities in the year ahead due to an increase in health-conscious populations in prominent countries worldwide.
- The global market for rapeseed oil has been fuelled by an increase in demand for dietary fats and oils, health awareness, and a marked change in food patterns consumed by animals from plant products. Another critical factor driving the growth of the global rapeseed oil market is consumers who need to curb health problems like cardiovascular diseases and cancer by increasing their consumption of rapeseed oil.
- Manufacturers producing rapeseed oil have started adopting organic practices due to their eco-friendly nature. Organic rapeseed oil eliminates the risk associated with pesticides, which is believed to be the main driver of the market. Thus, due to its high level of purity, the organic rapeseed oil market is expected to surge.
- Additionally, a paradigm shift in the dietary preferences of the masses is fuelling market demand for rapeseed oil. Additionally, the growing adoption of rapeseed oil in the formulation of numerous skincare products such as creams, oils, lotions, and ointments is creating lucrative market opportunities.
Increasing In People Suffering From High Cholesterol
- The increasing need of consumers to reduce cardiovascular diseases is anticipated to trigger demand for rapeseed oil and propel the overall market in the future. The consumption of rapeseed oil assists in the efficient functioning of the gall bladder as well. The body can digest rapeseed oil quite easily, which reduces stress on the gall bladder. These factors are expected to increase demand for rapeseed oil during the forecast period.
- In recent years, consumer awareness of the harmful effects associated with saturated fat content in finished products and beverages has increased. Saturated fat accumulates cholesterol in the arteries and increases LDL cholesterol, which increases the incidence of heart disease and stroke. Rapeseed oil finds immense application in skincare products such as soap, moisturizers, anti-aging creams, shampoos, conditioners, body cleansers, body solvents, and others.
Covid-19 Impact Analysis On Rapeseed Oil Market
- The COVID-19 pandemic had a significant impact on the global economy and many industries, including the rapeseed oil market. The pandemic led to disruptions in the supply chain, changes in consumer behavior, and shifts in demand for different types of oils.
- One of the major impacts of COVID-19 on the rapeseed oil market was a decline in demand. With widespread lockdowns and restrictions on travel and gatherings, many restaurants and other food service businesses were forced to close or operate at reduced capacity. This led to a decrease in demand for edible oils, including rapeseed oil, as people cooked and ate more meals at home.
- In addition to these supply and demand challenges, the COVID-19 pandemic also caused significant volatility in commodity markets, including the market for rapeseed oil. Prices for rapeseed oil, like many other commodities, experienced fluctuations in response to changes in supply and demand dynamics, as well as other factors such as government policies and economic stimulus measures.
- Overall, while the COVID-19 pandemic had a significant impact on the rapeseed oil market, the full extent of its effects is still being analyzed and will likely continue to unfold as the world recovers from the pandemic.
Segmentation Analysis Of The Rapeseed Oil Market
The rapeseed oil market covers the segment Product Type. By Type, the processed segment is Anticipated to Dominate the Market Over the Forecast period.
- Depending on the type, the processed segment dominated the rapeseed oil market, augmenting about 88.7% of the rapeseed oil market share. This dominance is attributed to the increase in adoption of the traditional processing techniques that help to extract high volumes of oils from the rapeseed. The widespread availability of processed rapeseed oil and the increase in penetration of traditional processing techniques across the globe significantly propel the growth of the processed segment.
- Rapeseed oil contains low content of saturated fatty acids and high content of monounsaturated fatty acids, which reduce bad cholesterol levels, thereby preventing the risk associated with heart diseases and stroke. Thus, the health benefits offered by rapeseed oil boost the market growth.
- Over the past few years, cold-pressed rapeseed oil has emerged as a clean natural product, which is manufactured without the use of any chemical substances such as dissolving agents, colors, and preservatives. The product is used as a functional ingredient in the preparation of various products including mayonnaise, salad dressings tartar sauce, and cream cheese spreads on account of the presence of nutritional constituents.
- A large population of South Asian countries including Vietnam uses this ingredient in food processing due to its exceptional smell and taste. Rapeseed also finds utility as a functional ingredient in the canning, baking, and poultry industries. For instance, Czech Republic-based bakery company, Bakery Jan Hankovec uses rapeseed oil to manufacture baking products. increasing use of processed rapeseed boosts the market over the forecasted period.
Regional Analysis Of The Rapeseed Oil Market
Asia Pacific is Expected to Dominate the Market it is the fastest-growing region over the forecast period.
- China is the world's largest producer and consumer of rapeseed oil, and its demand for this oil is expected to continue to grow in the coming years. Other countries in the region, such as India and Japan, are also major consumers of rapeseed oil.
- Factors such as population growth, urbanization, and changing dietary habits are driving the demand for edible oils in the Asia-Pacific region, including rapeseed oil. Additionally, the region's growing middle class and rising disposable incomes are likely to further fuel the demand for rapeseed oil and other edible oils.
- On the production side, the Asia-Pacific region is also a major producer of rapeseed oil. Countries such as China, India, and Australia are significant producers of rapeseed oil, and their production levels are also expected to increase in the coming years.
- Overall, the Asia-Pacific region's large and growing consumer base, coupled with its significant production capacity, may position it to play a dominant role in the global rapeseed oil market. These are some of the significant reasons that are expected to contribute to the growth of the Asia Pacific rapeseed oil market during the forecast period (2023-2032).
Top Key Players Covered In The Rapeseed Oil Market
- Archer-Daniels-Midland Company (USA)
- Bunge Limited (USA)
- Cargill Incorporated (USA)
- Conagra Brands Inc. (USA)
- Cullise Ltd. (UK)
- Interfat SA (Spain)
- Louis Dreyfus Company B.V. (Netherlands)
- Mackintosh of Glendaveny (UK)
- Ola Oils Limited and Yorkshire Rapeseed Oil (UK)
- American Vegetable Oils Inc. (USA)
- Adani Wilmar Ltd. (India)
- Associated British Foods plc. (UK)
- Adams Group Inc. (USA)
- Marico Limited (India)
- Borges International Group S.L.U (Spain)
- Ruchi Soya Industries Limited – (India) and other key players.
Key Industry Developments In The Rapeseed Oil Market
In January 2021, the Indian government announced that it would be increasing the import duty on crude and refined vegetable oils, including rapeseed oil, in order to protect domestic oilseed farmers and processors.
In July 2021, the European Union's biofuels industry called for an increase in the use of rapeseed oil as a feedstock for biodiesel, citing its low carbon footprint and high sustainability credentials.
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Rapeseed Oil Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
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Historical Data: |
2016 to 2022 |
Market Size in 2021: |
USD 24,466.61 Mn. |
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Forecast Period 2022-32 CAGR: |
5.50% |
Market Size in 2028: |
USD 35,591.07 Mn. |
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Segments Covered: |
By Type |
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By Nature |
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By Application |
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By Extraction Process |
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By Distribution Channel |
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By Region |
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Rapeseed Oil Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
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Historical Data: |
2016 to 2022 |
Market Size in 2021: |
USD 24,466.61 Mn. |
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Forecast Period 2022-32 CAGR: |
5.50% |
Market Size in 2028: |
USD 35,591.07 Mn. |
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Segments Covered: |
By Type |
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By Nature |
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By Application |
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By Extraction Process |
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By Distribution Channel |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the Report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Nature
3.3 By Application
3.4 By Extraction Process
3.5 By Distribution Channel
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle
Frequently Asked Questions
What would be the forecast period in the Rapeseed Oil research report?
The forecast period in the Rapeseed Oil Market Research Report is 2023-2032.
Who are the key players in Rapeseed Oil Market?
Archer-Daniels-Midland Company (USA), Bunge Limited (USA), Cargill Incorporated (USA), Conagra Brands Inc. (USA), Cullise Ltd. (UK), Interfat SA (Spain), Louis Dreyfus Company B.V. (Netherlands), Mackintosh of Glendaveny (UK), Ola Oils Limited and Yorkshire Rapeseed Oil (UK), American Vegetable Oils Inc. (USA), Adani Wilmar Ltd. (India), Associated British Foods plc. (UK), Adams Group Inc. (USA), Marico Limited (India), Borges International Group S.L.U (Spain), Ruchi Soya Industries Limited (India), and Other key players.
What are the segments of the Rapeseed Oil Market?
The Rapeseed Oil Market is segmented By Type, By Nature, By Application, By Extraction Process, By Distribution Channel, and region. By Type, the market is categorized into Processed, Virgin. By Nature, the market is categorized into Conventional & Organic, and others. By Application, the Market is Categorized into Food Processing, Bio Fuel, Cosmetics & Personal Care, Animal Feed, and Others. By Extraction Process, the market is categorized into Aqueous Process Enzyme Based Process, and Others. By Distribution Channel, the market is categorized into Supermarkets and Hypermarkets, Independent Retail Stores, Business to Business, Online Sales Channels, and others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia Pacific (China; India; Japan; South Korea; Malaysia; Thailand; Vietnam; The Philippines; Australia; New-Zealand; Rest of APAC), Middle East & Africa (Turkey; Bahrain; Kuwait; Saudi Arabia; Qatar; UAE; Israel; South Africa), South America (Brazil; Argentina; Rest of SA)
What is the Rapeseed Oil Market?
rapeseed oil is one of the oldest known vegetable oils. It’s extracted from the seeds of a plant called rape, usually by cold-pressing. This oil is extracted from the seeds of black and red rapeseed plants. The plant grows primarily in Canada and Western Europe and is identifiable by its bright yellow flowers. Rapeseed oil is yellow-golden or yellow-brownish and is known for its stimulating aroma and neutral, earthy, and nutty flavor. Rapeseed oil has emerged as the healthiest of all oil products, as a result, has witnessed high demand among consumers in different age sections.
How big is the Rapeseed Oil Market?
The Global Rapeseed Oil Market size is expected to grow from USD 24,466.61 Million in 2023 to USD 35,591.07 Million by 2030, at a CAGR of 5.50% during the forecast period (2023-2030).
