The global canola oil market reached a volume of 31.7 Million Tons in 2018. The market is further projected to reach a volume of 44.4 Million Tons by 2024, expanding at a CAGR of 5.8% during 2019-2024. Canola oil refers to a vegetable oil extracted from rapeseed which belongs to the Brassicaceae family. It is a rich source of omega-3 and omega-6 fatty acids, monosaturated fats, and vitamin E. On the other hand, it has lower amounts of saturated fats and trans-fats in comparison to other vegetable oils. Owing to this, canola oil helps in reducing inflammation, improving metabolism, assisting in overall development of infants, and protecting against heart attacks and strokes. Earlier, canola oil only had industrial uses, whereas now it finds myriad applications in the commercial as well as residential spaces.
Global Canola Oil Market Drivers:
- A rise in the cases of cardiovascular diseases has made a large section of the population to focus on their health. As canola oil has high oleic acid which helps in lowering the bad cholesterol levels present in the body, it is increasingly being used as a cooking oil by health-conscious consumers, thereby impelling the market growth.
- Due to several benefits provided by canola oil, its demand is now proliferating for sautéing, grilling, baking, stir-frying and as a salad dressing. Fast-paced lifestyle coupled with high income levels of the consumers has resulted in the trend of dining-out, in turn, spurring the demand for canola oil in numerous restaurants.
- Canola oil is used in the skincare and cosmetics industry due to its anti-aging properties which assist in reducing acne, fine lines, wrinkles and blemishes. Apart from this, it is also employed in the haircare sector as canola oil helps in smoothening hair. Additionally, canola oil is utilised in the preparation of plasticisers in order to provide a higher velocity. Growth in these end-use industries is further creating a positive outlook for the canola oil market.
- The residuals obtained after the production of canola oil are served to livestock as it comprises of an excellent amount of amino acid and low count of glucosinolates which assist in providing vitamins, minerals and fiber to the livestock. After soybean, canola meal is regarded as the second largest feed meal in the world.
Breakup by Packaging:
On the basis of packaging, canola oil is widely available in cans, drums, bottles, pouches and others. Amongst these, drums represent the most popular packaging type, holding the largest market share.
Breakup by Application:
Based on application, the market is segregated into cooking, processed foods, lubricants, personnel care, biofuels and others. Currently, cooking and processed foods account for the majority of the global market as it is excessively used for culinary purposes.
Regional Insights:
On a geographical front, Europe enjoys the leading position in the global canola oil market. The rising demand for canola oil can be accredited to the increasing rate of health problems and chronic diseases in the region. Europe is followed by Asia Pacific, North America, Middle East and Africa, and Latin America.
Competitive Landscape:
The market is fragmented in nature with the presence of several manufacturers who are competing in terms of prices and quality. Some of the key players operative in the market are:
- Archer Daniels Midland
- Bunge Limited
- Cargill Inc.
- James Richardson International
- Louis Dreyfus Company
This report provides a deep insight into the global canola oil market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a canola oil manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the canola oil industry in any manner.
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 global canola oil market?
- What are the major application segments in the global canola oil market?
- What are the key packaging types in the global canola oil market?
- What are the price trends of canola oil?
- What are the various stages in the value chain of the global canola oil industry?
- What are the key driving factors and challenges in the global canola oil industry?
- What is the structure of the global canola oil 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
List of Figures
Figure 1: Global: Canola Oil Industry: Key Drivers and Challenges
Figure 2: Global: Vegetable Oil Market: Production Volume (in Million Tons), 2011-2018
Figure 3: Global: Vegetable Oil Market: Consumption Volume (in Million Tons), 2011-2018
Figure 4: Global: Vegetable Oil Market: Consumption Value (in Billion US$), 2011-2018
Figure 5: Global: Vegetable Oil Market: Breakup by Region (in %), 2018
Figure 6: Global: Vegetable Oil Market: Breakup by End Use (in %), 2018
Figure 7: Global: Vegetable Oil Market Forecast: Consumption Volume (in Million Tons), 2019-2024
Figure 8: Global: Vegetable Oil Market Forecast: Consumption Value (in Billion US$), 2019-2024
Figure 9: Global: Canola Oil Market: Volume Trends (in Million Tons), 2011-2018
Figure 10: Global: Canola Oil Market: Value Trends (in Billion US$), 2011-2018
Figure 11: Global: Canola Oil Market: Average Prices (US$/Ton), 2011-2024
Figure 12: Canola Oil Market: Price Structure (US$/Ton)
Figure 13: Global: Canola Oil Market: Breakup by Region (in %), 2018
Figure 14: Global: Canola Oil Market: Breakup by Application (in %), 2018
Figure 15: Global: Canola Oil Market: Breakup by Packaging (in %), 2018
Figure 16: Global: Canola Oil Market Forecast: Consumption Volume (in Million Tons), 2019-2024
Figure 17: Global: Canola Oil Market Forecast: Consumption Value (in Billion US$), 2019-2024
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), 2011 & 2018
Figure 22: Asia Pacific: Canola Oil Market Forecast (in Million Tons), 2019-2024
Figure 23: North America: Canola Oil Market (in Million Tons), 2011 & 2018
Figure 24: North America: Canola Oil Market Forecast (in Million Tons), 2019-2024
Figure 25: Europe: Canola Oil Market (in Million Tons), 2011 & 2018
Figure 26: Europe: Canola Oil Market Forecast (in Million Tons), 2019-2024
Figure 27: Middle East and Africa: Canola Oil Market (in Million Tons), 2011 & 2018
Figure 28: Middle East and Africa: Canola Oil Market Forecast (in Million Tons), 2019-2024
Figure 29: Latin America: Canola Oil Market (in Million Tons), 2011 & 2018
Figure 30: Latin America: Canola Oil Market Forecast (in Million Tons), 2019-2024
Figure 31: Global: Canola Oil Market (Application in Cooking): Volume Trends (in Million Tons), 2011 & 2018
Figure 32: Global: Canola Oil Market Forecast (Application in Cooking): Volume Trends (in Million Tons), 2019-2024
Figure 33: Global: Canola Oil Market (Application in Processed Foods): Volume Trends (in Million Tons), 2011 & 2018
Figure 34: Global: Canola Oil Market Forecast (Application in Processed Foods): Volume Trends (in Million Tons), 2019-2024
Figure 35: Global: Canola Oil Market (Application in Lubricants): Volume Trends (in Million Tons), 2011 & 2018
Figure 36: Global: Canola Oil Market Forecast (Application in Lubricants): Volume Trends (in Million Tons), 2019-2024
Figure 37: Global: Canola Oil Market (Application in Personnel Care): Volume Trends (in Million Tons), 2011 & 2018
Figure 38: Global: Canola Oil Market Forecast (Application in Personnel Care): Volume Trends (in Million Tons), 2019-2024
Figure 39: Global: Canola Oil Market (Application in Biofuels): Volume Trends (in Million Tons), 2011 & 2018
Figure 40: Global: Canola Oil Market Forecast (Application in Biofuels): Volume Trends (in Million Tons), 2019-2024
Figure 41: Global: Canola Oil Market (Other Applications): Volume Trends (in Million Tons), 2011 & 2018
Figure 42: Global: Canola Oil Market Forecast (Other Applications): Volume Trends (in Million Tons), 2019-2024
Figure 43: Global: Canola Oil Market (Cans Packaging): Volume Trends (in Million Tons), 2011 & 2018
Figure 44: Global: Canola Oil Market Forecast (Cans Packaging): Volume Trends (in Million Tons), 2019-2024
Figure 45: Global: Canola Oil Market (Drums Packaging): Volume Trends (in Million Tons), 2011 & 2018
Figure 46: Global: Canola Oil Market Forecast (Drums Packaging): Volume Trends (in Million Tons), 2019-2024
Figure 47: Global: Canola Oil Market (Bottles Packaging): Volume Trends (in Million Tons), 2011 & 2018
Figure 48: Global: Canola Oil Market Forecast (Bottles Packaging): Volume Trends (in Million Tons), 2019-2024
Figure 49: Global: Canola Oil Market (Pouch Packaging): Volume Trends (in Million Tons), 2011 & 2018
Figure 50: Global: Canola Oil Market Forecast (Pouch Packaging): Volume Trends (in Million Tons), 2019-2024
Figure 51: Global: Canola Oil Market (Other Packaging): Volume Trends (in Million Tons), 2011 & 2018
Figure 52: Global: Canola Oil Market Forecast (Other Packaging): Volume Trends (in Million Tons), 2019-2024
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, 2018 and 2024
Table 2: Global: Canola Oil Market: Key Industry Highlights, 2018 and 2024
Table 3: Global: Canola Oil Market Forecast: Breakup by Region (in Million Tons), 2019-2024
Table 4: Global: Canola Oil Market Forecast: Breakup by Application (in Million Tons), 2019-2024
Table 5: Global: Canola Oil Market Forecast: Breakup by Packaging (in Million Tons), 2019-2024
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$)
Table 22: Canola Oil Manufacturing Plant: Profit and Loss Account (in US$)