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The global canola oil market reached a volume of 28.3 Million Tons in 2022.
We expect the global canola oil market to exhibit a CAGR of 1.38% during 2023-2028.
The increasing awareness towards several health benefits associated with canola oil, such as lowering cholesterol, boosting heart health, improving brain function, preventing type-2 diabetes, etc., is primarily driving the global canola oil market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of canola oil.
Based on the application, the global canola oil market has been bifurcated into cooking, processed foods, lubricants, personal care, biofuels, and others. Among these, cooking currently holds the largest market share.
Based on the packaging, the global canola oil market can be categorized into cans, drums, bottles, pouches, and others. Currently, drums account for the majority of the total market share.
On a regional level, the market has been classified into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America, where Europe currently dominates the global market.
Some of the major players in the global canola oil market include 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., etc.
White Wine Market by Product Type (Riesling, Gewürztraminer, Chardonnay, Sauvignon Blanc, Chenin Blanc, Grüner Veltliner, Moscato, Pinot Grigio, and Others), Body Type (Light Bodied, Medium Bodied, Full-Bodied), Sweetness Level (Dry, Semi-Sweet, Sweet), Sales Channel (Modern Trade, Grocery Store, Convenience Stores, E-Commerce, and Others), and Region - 2023-2028
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