The global canola oil market reached a volume of 33.6 Million Tons in 2019. Canola oil is an edible vegetable oil extracted from rapeseed, which belongs to the Brassicaceae family. It is a rich source of vitamin E, monosaturated fats, and omega-3 and omega-6 fatty acids. As compared to other vegetable oils, it contains lower amounts of trans- and saturated fats. Consequently, it offers numerous health benefits, such as reducing inflammation, improving metabolism, assisting in the overall development of infants, and protecting against heart attacks and strokes. Therefore, it is widely used in the preparation of various food products in both the commercial and the residential sectors.
The rising prevalence of cardiovascular diseases, in confluence with the growing health consciousness among individuals, represents one of the key factors fueling the global canola oil market growth. As canola oil contains a high amount of oleic acid that aids in lowering the cholesterol levels present in the body, it is increasingly being used as a cooking oil and salad dressing. Apart from this, it is employed in the personal care and cosmetics industries on account of its anti-aging properties, which assist in reducing fine lines, wrinkles and blemishes. Other than this, the residual obtained after the production of canola oil has significant amounts of amino acid and a low count of glucosinolates. Thus, it is utilized as livestock feed for providing vitamins, minerals and fiber to the animals, which in turn is anticipated to strengthen the market growth in the coming years. Owing to these factors, IMARC Group expects the market volume to reach 46.5 Million Tons by 2025, at a CAGR of 5.6% during the forecast period (2020-2025).
Breakup by Application:
- Cooking
- Processed Foods
- Lubricants
- Personnel Care
- Biofuels
- Others
Based on the application, cooking and processed foods represent the largest segments as canola oil is widely used for culinary purposes.
Breakup by Packaging:
- Cans
- Drums
- Bottles
- Pouches
- Others
Currently, drums represent the most popular packaging type, holding the largest market share.
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
On the geographical front, Europe enjoys the leading position in the market on account of the rising prevalence of chronic diseases in the region. It is followed by Asia Pacific, North America, Middle East and Africa, and Latin America.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are:
- Archer Daniels Midland (ADM) Company
- Bunge Limited
- Cargill Inc.
- Associated British Foods plc
- Jivo Wellness Pvt. Ltd.
- Arla Foods AmbA
- Richardson International Limited
- The J.M. Smucker Company
- Wilmar International Inc
Key Questions Answered in This Report:
- How has the global canola oil market performed so far and how will it perform in the coming years?
- What are the key regional markets in the industry?
- What are the major application segments in the industry?
- What are the main packaging segments in the industry?
- What are the price trends of canola oil?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the industry and who are the key players?
- What is the degree of competition in the global canola oil industry?
- What are the profit margins in the global canola oil industry?
- What are the key requirements for setting up a canola oil manufacturing plant?
- How is canola oil manufactured?
- What are the various unit operations involved in a canola oil manufacturing plant?
- What is the total size of land required for setting up a canola oil manufacturing plant?
- What are the machinery requirements for setting up a canola oil manufacturing plant?
- What are the raw material requirements for setting up a canola oil manufacturing plant?
- What are the packaging requirements for canola oil?
- What are the transportation requirements for canola oil?
- What are the utility requirements for setting up a canola oil manufacturing plant?
- What are the manpower requirements for setting up a canola oil manufacturing plant?
- What are the infrastructure costs for setting up a canola oil manufacturing plant?
- What are the capital costs for setting up a canola oil manufacturing plant?
- What are the operating costs for setting up a canola oil manufacturing plant?
- What will be the income and expenditures for a canola oil manufacturing plant?
- What is the time required to break-even?
1 Preface
2 Scope and Methodology
2.1 Objectives of the study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Vegetable Oil Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Market Breakup by Region
5.4 Market Breakup by End-Use
5.5 Market Breakup by Oil Type
5.6 Market Forecast
6 Global Canola Oil Market
6.1 Market Overview
6.2 Market Performance
6.2.1 Volume Trends
6.2.2 Value Trends
6.3 Price Analysis
6.3.1 Key Price Indicators
6.3.2 Price Structure
6.3.3 Price Trends
6.4 Market Breakup by Region
6.5 Market Breakup by Application
6.6 Market Breakup by Packaging
6.7 Market Forecast
6.8 SWOT Analysis
6.8.1 Overview
6.8.2 Strengths
6.8.3 Weaknesses
6.8.4 Opportunities
6.8.5 Threats
6.9 Value Chain Analysis
6.10 Porters Five Forces Analysis
6.10.1 Overview
6.10.2 Bargaining Power of Buyers
6.10.3 Bargaining Power of Suppliers
6.10.4 Degree of Rivalry
6.10.5 Threat of New Entrants
6.10.6 Threat of Substitutes
6.11 Key Market Drivers and Challenges
7 Performance of Key Regions
7.1 Asia Pacific
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 North America
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Europe
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Middle East and Africa
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Latin America
7.5.1 Market Trends
7.5.2 Market Forecast
8 Performance by Applications
8.1 Cooking
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Processed Foods
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Lubricants
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Personnel Care
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Biofuels
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Breakup by Packaging
9.1 Cans
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Drums
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Bottles
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Pouches
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Competitive Landscape
10.1 Competitive Structure
10.2 Market Breakup by Key Players
11 Canola Oil Manufacturing Process
11.1 Product Overview
11.2 Detailed Process Flow
11.3 Various Types of Unit Operation Involved
11.4 Mass Balance and Raw Material Requirements
12 Project Details, Requirements and Costs Involved
12.1 Land Requirements and Expenditures
12.2 Construction Requirements and Expenditures
12.3 Plant Machinery
12.4 Machinery Pictures
12.5 Raw Material Requirements and Expenditures
12.6 Raw Material and Final Product Pictures
12.7 Packaging Requirements and Expenditures
12.8 Transportation Requirements and Expenditures
12.9 Utility Requirements and Expenditures
12.10 Manpower Requirements and Expenditures
12.11 Other Capital Investments
13 Loans and Financial Assistance
14 Project Economics
14.1 Capital Cost of the Project
14.2 Techno-Economic Parameters
14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
14.4 Taxation and Depreciation
14.5 Income Projections
14.6 Expenditure Projections
14.7 Financial Analysis
14.8 Profit Analysis
15 Key Players Profiles
15.1 Archer Daniels Midland Company
15.2 Associated British Foods plc
15.3 Jivo Wellness Pvt. Ltd.
15.4 Arla Foods AmbA
15.5 Richardson International Limited
15.6 Cargill, Inc.
15.7 The J.M. Smucker Company
15.8 Bunge Limited
15.9 Wilmar International Inc
List of Figures
Figure 1: Global: Canola Oil Industry: Key Drivers and Challenges
Figure 2: Global: Vegetable Oil Market: Production Volume (in Million Tons), 2014-2019
Figure 3: Global: Vegetable Oil Market: Consumption Volume (in Million Tons), 2014-2019
Figure 4: Global: Vegetable Oil Market: Consumption Value (in Billion US$), 2014-2019
Figure 5: Global: Vegetable Oil Market: Breakup by Region (in %), 2019
Figure 6: Global: Vegetable Oil Market: Breakup by End Use (in %), 2019
Figure 7: Global: Vegetable Oil Market Forecast: Consumption Volume (in Million Tons), 2020-2025
Figure 8: Global: Vegetable Oil Market Forecast: Consumption Value (in Billion US$), 2020-2025
Figure 9: Global: Canola Oil Market: Volume Trends (in Million Tons), 2014-2019
Figure 10: Global: Canola Oil Market: Value Trends (in Billion US$), 2014-2019
Figure 11: Global: Canola Oil Market: Average Prices (US$/Ton), 2011-2024
Figure 12: Canola Oil Market: Price Structure (US$/Ton)
Figure 13: Global: Canola Oil Market: Breakup by Region (in %), 2019
Figure 14: Global: Canola Oil Market: Breakup by Application (in %), 2019
Figure 15: Global: Canola Oil Market: Breakup by Packaging (in %), 2019
Figure 16: Global: Canola Oil Market Forecast: Consumption Volume (in Million Tons), 2020-2025
Figure 17: Global: Canola Oil Market Forecast: Consumption Value (in Billion US$), 2020-2025
Figure 18: Global: Canola Oil Industry: SWOT Analysis
Figure 19: Global: Canola Oil Industry: Value Chain Analysis
Figure 20: Global: Canola Oil Industry: Porter’s Five Forces Analysis
Figure 21: Asia Pacific: Canola Oil Market (in Million Tons), 2014 & 2019
Figure 22: Asia Pacific: Canola Oil Market Forecast (in Million Tons), 2020-2025
Figure 23: North America: Canola Oil Market (in Million Tons), 2014 & 2019
Figure 24: North America: Canola Oil Market Forecast (in Million Tons), 2020-2025
Figure 25: Europe: Canola Oil Market (in Million Tons), 2014 & 2019
Figure 26: Europe: Canola Oil Market Forecast (in Million Tons), 2020-2025
Figure 27: Middle East and Africa: Canola Oil Market (in Million Tons), 2014 & 2019
Figure 28: Middle East and Africa: Canola Oil Market Forecast (in Million Tons), 2020-2025
Figure 29: Latin America: Canola Oil Market (in Million Tons), 2014 & 2019
Figure 30: Latin America: Canola Oil Market Forecast (in Million Tons), 2020-2025
Figure 31: Global: Canola Oil Market (Application in Cooking): Volume Trends (in Million Tons), 2014 & 2019
Figure 32: Global: Canola Oil Market Forecast (Application in Cooking): Volume Trends (in Million Tons), 2020-2025
Figure 33: Global: Canola Oil Market (Application in Processed Foods): Volume Trends (in Million Tons), 2014 & 2019
Figure 34: Global: Canola Oil Market Forecast (Application in Processed Foods): Volume Trends (in Million Tons), 2020-2025
Figure 35: Global: Canola Oil Market (Application in Lubricants): Volume Trends (in Million Tons), 2014 & 2019
Figure 36: Global: Canola Oil Market Forecast (Application in Lubricants): Volume Trends (in Million Tons), 2020-2025
Figure 37: Global: Canola Oil Market (Application in Personnel Care): Volume Trends (in Million Tons), 2014 & 2019
Figure 38: Global: Canola Oil Market Forecast (Application in Personnel Care): Volume Trends (in Million Tons), 2020-2025
Figure 39: Global: Canola Oil Market (Application in Biofuels): Volume Trends (in Million Tons), 2014 & 2019
Figure 40: Global: Canola Oil Market Forecast (Application in Biofuels): Volume Trends (in Million Tons), 2020-2025
Figure 41: Global: Canola Oil Market (Other Applications): Volume Trends (in Million Tons), 2014 & 2019
Figure 42: Global: Canola Oil Market Forecast (Other Applications): Volume Trends (in Million Tons), 2020-2025
Figure 43: Global: Canola Oil Market (Cans Packaging): Volume Trends (in Million Tons), 2014 & 2019
Figure 44: Global: Canola Oil Market Forecast (Cans Packaging): Volume Trends (in Million Tons), 2020-2025
Figure 45: Global: Canola Oil Market (Drums Packaging): Volume Trends (in Million Tons), 2014 & 2019
Figure 46: Global: Canola Oil Market Forecast (Drums Packaging): Volume Trends (in Million Tons), 2020-2025
Figure 47: Global: Canola Oil Market (Bottles Packaging): Volume Trends (in Million Tons), 2014 & 2019
Figure 48: Global: Canola Oil Market Forecast (Bottles Packaging): Volume Trends (in Million Tons), 2020-2025
Figure 49: Global: Canola Oil Market (Pouch Packaging): Volume Trends (in Million Tons), 2014 & 2019
Figure 50: Global: Canola Oil Market Forecast (Pouch Packaging): Volume Trends (in Million Tons), 2020-2025
Figure 51: Global: Canola Oil Market (Other Packaging): Volume Trends (in Million Tons), 2014 & 2019
Figure 52: Global: Canola Oil Market Forecast (Other Packaging): Volume Trends (in Million Tons), 2020-2025
Figure 53: Global: Canola Oil Market: Breakup by Key Players (%)
Figure 54: Canola Oil Manufacturing: Detailed Process Flow
Figure 55: Canola Oil Manufacturing: Conversion Rate of Feedstocks
Figure 56: Canola Oil Manufacturing: Breakup of Capital Costs (in %)
Figure 57: Canola Oil Industry: Profit Margins at Various Levels of the Supply Chain
Figure 58: Canola Oil Manufacturing: Operational Cost Breakup (in %)
List of Tables
Table 1: Global: Vegetable Oil Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Canola Oil Market: Key Industry Highlights, 2019 and 2025
Table 3: Global: Canola Oil Market Forecast: Breakup by Region (in Million Tons), 2020-2025
Table 4: Global: Canola Oil Market Forecast: Breakup by Application (in Million Tons), 2020-2025
Table 5: Global: Canola Oil Market Forecast: Breakup by Packaging (in Million Tons), 2020-2025
Table 6: Global: Canola Oil Market: Competitive Structure
Table 7: Global: Canola Oil Market: Key Players
Table 8: Canola Oil Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 9: Canola Oil Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 10: Canola Oil Manufacturing Plant: Machinery Costs (in US$)
Table 11: Canola Oil Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditure (US$/Ton)
Table 12: Canola Oil Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 13: Canola Oil Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 14: Details of Financial Assistance Offered by Financial Institutions
Table 15: Canola Oil Manufacturing Plant: Capital Costs (in US$)
Table 16: Canola Oil Manufacturing Plant: Techno-Economic Parameters
Table 17: Canola Oil Manufacturing Plant: Taxation and Depreciation
Table 18: Canola Oil Manufacturing Plant: Income Projections (in US$)
Table 19: Canola Oil Manufacturing Plant: Expenditure Projections (in US$)
Table 20: Canola Oil Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 21: Canola Oil Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 22: Canola Oil Manufacturing Plant: Profit and Loss Account (in US$)