Global Canola Oil Market to Reach 31 Million Metric Tons by 2027
In the changed post COVID-19 business landscape, the global market for Canola Oil estimated at 27.4 Million Metric Tons in the year 2020, is projected to reach a revised size of 31 Million Metric Tons by 2027, growing at a CAGR of 1.8% over the analysis period 2020-2027. Cooking, one of the segments analyzed in the report, is projected to record a 2.5% CAGR and reach 8.6 Million Metric Tons by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Processed Foods segment is readjusted to a revised 2% CAGR for the next 7-year period.The U.S. Market is Estimated at 7.4 Million Metric Tons, While China is Forecast to Grow at 2.9% CAGR
The Canola Oil market in the U.S. is estimated at 7.4 Million Metric Tons in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of 5.7 Million Metric Tons by the year 2027 trailing a CAGR of 2.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.3% and 1.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 3.8 Million Metric Tons by the year 2027.Lubricants Segment to Record 1.7% CAGR
In the global Lubricants segment, USA, Canada, Japan, China and Europe will drive the 1.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of 3.1 Million Metric Tons in the year 2020 will reach a projected size of 3.5 Million Metric Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 1.7% CAGR through the analysis period.Select Competitors (Total 12 Featured) -
- Archer Daniels Midland Company
- Arla Foods Amba
- Associated British Foods PLC
- Bunge Ltd.
- Cargill, Inc.
- Computers and Structures, Inc.
- Dalmia Continental Pvt., Ltd.
- Huiles TITAN Oils Inc.
- Jivo Wellness Pvt. Ltd.
- Louis Dreyfus Company B.V.
- Parrish and Heimbecker, Limited
- Paterson Grain
- Richardson International Ltd.
- Sunora Foods, Inc.
- The J.M. Smucker Company
- Wilmar International Ltd.
- Wilson's Foods
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Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
A selection of companies mentioned in this report includes:
- Archer Daniels Midland Company
- Arla Foods Amba
- Associated British Foods PLC
- Bunge Ltd.
- Cargill, Inc.
- Computers and Structures, Inc.
- Dalmia Continental Pvt., Ltd.
- Huiles TITAN Oils Inc.
- Jivo Wellness Pvt. Ltd.
- Louis Dreyfus Company B.V.
- Parrish and Heimbecker, Limited
- Paterson Grain
- Richardson International Ltd.
- Sunora Foods, Inc.
- The J.M. Smucker Company
- Wilmar International Ltd.
- Wilson's Foods