The global rapeseed oil market size reached US$ 34.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 46.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.35% during 2023-2028.
Rapeseed oil is a yellow-golden or yellow-brownish oil obtained from the oilseed rape plant, usually by cold-pressing. This oil is extracted from the seeds of black and red rapeseed plants and is known for its stimulating aroma and a neutral, earthy, and nutty flavor. As a lighter alternative to other cooking oils, the oil is widely used in salad dressings as well as to fry and bake. The oil is a rich source of monounsaturated fatty acids and polyunsaturated fatty acids, including linoleic acid, oleic acid, and alpha-linolenic acid. The high mono-unsaturated fat content makes it one of the only unblended oils that can be heated to high frying temperatures without losing antioxidants, flavor, or color. Rapeseed oil has numerous health benefits, including improved digestion, reduced cholesterol, improved gallbladder function, and lowered risks of cardiovascular diseases. There are a number of industrial uses for rapeseed oil, including biodiesel, cosmetics and personal care production.
Rapeseed Oil Market Trends:
The market is majorly driven by the increasing usage of rapeseed oil in various end-use industries, including food and beverages, and chemical. In addition to this, a considerable rise in the awareness regarding the health benefits offered by rapeseed oil are providing an impetus to the market. Additionally, a paradigm shift in the dietary preferences of the masses are fueling the market demand for rapeseed oil. Moreover, the growing adoption of rapeseed oil in the formulation of numerous skincare products, such as creams, oils, lotions, and ointments, are also creating lucrative market opportunities. Furthermore, continual technological advancements in oil manufacturing process, coupled with the launch of value-added product variants, are creating a positive outlook for the market. The market is further propelled by the rapid product utilization in scar removal applications in cosmetic surgeries. Some of the other factors contributing to the market growth include easy product availability via online and offline organized retail channels, inflating disposable income levels, the escalating demand for dietary fats and oils, the growing product usage in animal feed production and extensive research and development (R&D) activities.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global rapeseed oil market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, nature, distribution channel and application.
Breakup by Type:
Breakup by Nature:
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Online Stores
- Specialty Stores
- Retail Stores
Breakup by Application:
- Food Processing
- Cosmetics and Personal Care
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer-Daniels-Midland Company, Bunge Limited, Cargill Incorporated, Conagra Brands Inc., Cullise Ltd., Interfat SA, Louis Dreyfus Company B.V., Mackintosh of Glendaveny, Ola Oils Limited and Yorkshire Rapeseed Oil. Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.
|Base Year of the Analysis
| Historical Period
||Type, Nature, Distribution Channel, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Archer-Daniels-Midland Company, Bunge Limited, Cargill Incorporated, Conagra Brands Inc., Cullise Ltd., Interfat SA, Louis Dreyfus Company B.V., Mackintosh of Glendaveny, Ola Oils Limited and Yorkshire Rapeseed Oil.
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Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the rapeseed oil market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global rapeseed oil market.
- The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the rapeseed oil industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.