The global rapeseed oil market size was valued at $20,836.1 million in 2020 and is expected to reach $37,199.4 million by 2031, registering a CAGR of 5.6% from 2022 to 2031.
Rapeseed, known as colza, is a member of the cruciferae family and is grown primarily for obtaining oil. The major sources of edible oils are rapeseed, copra, cottonseed, palm kernel, peanut, soybean, and sunflower seed. Oil is extracted either by mechanical extraction processes in oil mills or by chemical extraction using solvents. The oil content in rapeseeds is around 40%, and it is widely used in food and industrial applications. Large areas are cultivated with rapeseeds in Europe, particularly in Germany, France, Poland, and the Czech Republic. China, India, Canada, and Australia are other major producers of rapeseed and rapeseed oil.
Increase in demand for rapeseed oil-based bio-diesel in the European Union and surge in consumption of vegetable oil, such as rapeseed oil, to produce biodiesel due to government mandates for biodiesel blending with petroleum diesel drive the market growth. In addition, surge in global population has led to increase in demand for edible oils in food processing industry. Rapeseed oil is a rich source of omega-3 and omega-6 linolenic fatty acids, which are crucial for the development, functioning, and maintenance of brain and other nervous tissues. In addition, it lowers the risk of heart disease and maintains normal blood pressure. Thus, rise in health-conscious consumers and health benefits of rapeseed oil fuel the market growth. Moreover, presence of vitamin E and antioxidants in rapeseed oil makes it ideal for cosmetic & personal care products such as oils, cream, and lotions. In terms of volume, Asia-Pacific is the largest consumer of rapeseed oil, and is expected to grow at a significant CAGR of 5.5% from 2022 to 2031. As per the value, it accounted for approximately half of the share of the global market in 2020. Region wise, North America is anticipated to grow at the highest CAGR of 6.2%, both in terms of value and volume during the forecast period. However, low domestic production and high competition from other oilseeds, including soybean and palm, may hamper the market growth.
The global rapeseed market is segmented on the basis of the type, application, distribution channel, and region. Depending on the type, the market is divided into processed and virgin. According to application, the market is segregated into food processing, bio-fuel, cosmetics & personal care, and others. As per the distribution channel, the market is bifurcated into supermarkets and hypermarkets, independent retail stores, business to business, online sales channels. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Poland, Romania, Czech Republic, Russia, Ukraine, Norway, Switzerland, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, and rest of Asia-Pacific), and LAMEA (Iran, Turkey, Chile, Israel, UAE, Ethiopia, Paraguay, Argentina, and rest of LAMEA).
The key players profiled in the report include The Archer Daniels Midland Company, Associated British Foods plc., Cargill Incorporated, ConAgra Foods, Inc. (CAG), CSS Estates, Mackintosh of Glendaveny, Ola Oils, Glencore Grain Investment LLC, RISOIL S.A., and Yorkshire (Breckenholme Trading Company).
Rapeseed, known as colza, is a member of the cruciferae family and is grown primarily for obtaining oil. The major sources of edible oils are rapeseed, copra, cottonseed, palm kernel, peanut, soybean, and sunflower seed. Oil is extracted either by mechanical extraction processes in oil mills or by chemical extraction using solvents. The oil content in rapeseeds is around 40%, and it is widely used in food and industrial applications. Large areas are cultivated with rapeseeds in Europe, particularly in Germany, France, Poland, and the Czech Republic. China, India, Canada, and Australia are other major producers of rapeseed and rapeseed oil.
Increase in demand for rapeseed oil-based bio-diesel in the European Union and surge in consumption of vegetable oil, such as rapeseed oil, to produce biodiesel due to government mandates for biodiesel blending with petroleum diesel drive the market growth. In addition, surge in global population has led to increase in demand for edible oils in food processing industry. Rapeseed oil is a rich source of omega-3 and omega-6 linolenic fatty acids, which are crucial for the development, functioning, and maintenance of brain and other nervous tissues. In addition, it lowers the risk of heart disease and maintains normal blood pressure. Thus, rise in health-conscious consumers and health benefits of rapeseed oil fuel the market growth. Moreover, presence of vitamin E and antioxidants in rapeseed oil makes it ideal for cosmetic & personal care products such as oils, cream, and lotions. In terms of volume, Asia-Pacific is the largest consumer of rapeseed oil, and is expected to grow at a significant CAGR of 5.5% from 2022 to 2031. As per the value, it accounted for approximately half of the share of the global market in 2020. Region wise, North America is anticipated to grow at the highest CAGR of 6.2%, both in terms of value and volume during the forecast period. However, low domestic production and high competition from other oilseeds, including soybean and palm, may hamper the market growth.
The global rapeseed market is segmented on the basis of the type, application, distribution channel, and region. Depending on the type, the market is divided into processed and virgin. According to application, the market is segregated into food processing, bio-fuel, cosmetics & personal care, and others. As per the distribution channel, the market is bifurcated into supermarkets and hypermarkets, independent retail stores, business to business, online sales channels. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Poland, Romania, Czech Republic, Russia, Ukraine, Norway, Switzerland, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, and rest of Asia-Pacific), and LAMEA (Iran, Turkey, Chile, Israel, UAE, Ethiopia, Paraguay, Argentina, and rest of LAMEA).
The key players profiled in the report include The Archer Daniels Midland Company, Associated British Foods plc., Cargill Incorporated, ConAgra Foods, Inc. (CAG), CSS Estates, Mackintosh of Glendaveny, Ola Oils, Glencore Grain Investment LLC, RISOIL S.A., and Yorkshire (Breckenholme Trading Company).
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging rapeseed oil market trends and opportunities.
- The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing rapeseed oil market opportunities in the market.
- The rapeseed oil market forecast is offered along with information related to key drivers, restraints, and opportunities.
- The market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
Key Market Segments
By Type
- Processed
- Virgin
By Application
- Food Processing
- Bio Fuel
- Cosmetics And Personal Care
- Others
By DISTRIBUTION CHANNEL
- Supermarkets And Hypermarkets
- Independent Retail Stores
- Business To Business
- Online Sales Channels
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Poland
- Romania
- Czech Republic
- Russia
- Ukraine
- Norway
- Switzerland
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Iran, Islamic Republic Of
- Turkey
- Chile
- Israel
- UAE
- Ethiopia
- Paraguay
- Argentina
- Rest of LAMEA
Key Market Players
- Cullise
- Folba Oil Limited SDN
- Mackintosh of Glendaveny
- Ola Oils
- Pacific Coast Canola
- RISOIL S.A
- ConAgra Foods Inc.
- Yorkshire Rapeseed Oil
- The Archer Daniels Midland Company
- Cargill Incorporated
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: RAPESEED OIL MARKET, BY TYPE
CHAPTER 5: RAPESEED OIL MARKET, BY APPLICATION
CHAPTER 6: RAPESEED OIL MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: RAPESEED OIL MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Rapeseed Oil Market,' the rapeseed oil market was valued at $20,836.1 million in 2020, and is estimated to reach $37,199.4 million by 2031, growing at a CAGR of 5.6% from 2022 to 2031.Copra, cottonseed, palm kernel, peanut, soybean, sunflower seed, and rapeseed are major oil seeds used for extraction of vegetable oil. Rapeseed has higher oil content than any other oil seeds, and is thus cultivated for the extraction of vegetable oil for household, industrial purposes, and feedstock for bio-fuel production. Rapeseed contains 40% oil and is usually extracted by pre-pressing or by solvent extraction. The presence of vitamin E and antioxidants in rapeseed oil or canola oil reduces scar tissues and repairs damaged hair and skin conditions such as itching, eczema, and acne, thus finding application in manufacturing of wide varieties of cosmetic and personal care products. Omega-3 and omega-6 fatty acids available in the rapeseed oil help in proper development, functioning, and maintenance of brain and other nervous tissues; for improvement of immune & inflammatory responses; help in lowering the risk of heart disease; and to maintain normal blood pressure.
Europe accounts for more than 60% of the produced rapeseed oil to manufacture bio-diesel. Thus, increase in consumption of rapeseed oil as a feedstock for bio-fuel is expected to drive the rapeseed oil market growth. The nutritional and health benefits associated with rapeseed oil have led to its evolution in the U.S., China, and India. However, high prices of rapeseed oil in these countries makes it uncompetitive for biodiesel production. Moreover, uncertainty in climatic conditions resulting in fluctuation of rapeseed prices, lower domestic production, and increase in compaction from other oil seeds, including soybean & palm kernel for producing vegetable oil may restraint the rapeseed oil industry growth.
As per the global rapeseed oil market analysis, it is segmented on the basis of the type, application, distribution channel, and region. Depending on the type, the market is divided into processed and virgin. According to application, the market is segregated into food processing, bio-fuel, cosmetics & personal care, and others. As per the distribution channel, the market is bifurcated into supermarkets and hypermarkets, independent retail stores, business to business, online sales channels. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Poland, Romania, Czech Republic, Russia, Ukraine, Norway, Switzerland, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, and rest of Asia-Pacific), and LAMEA (Iran, Turkey, Chile, Israel, UAE, Ethiopia, Paraguay, Argentina, and rest of LAMEA).
According to the type, the processed segment dominated the rapeseed oil market size, garnering about 88.7% of the rapeseed oil market share. This dominance is attributed to increase in adoption of the traditional processing techniques that helps to extract high volume of oils from the rapeseed. The wide spread availability of the processed rapeseed oil and increase in penetration of traditional processing techniques across the globe significantly propel the growth of the processed segment.
By application, in 2020, the food processing segment accounted for the highest revenue and is anticipated to grow at a significant CAGR of 5.6%. Rapeseed oil contains low content of saturated fatty acids and high content of monounsaturated fatty acids, which reduce bad cholesterol levels, thereby preventing the risk associated with heart diseases and stroke. Thus, health benefits offered by rapeseed oil boost the market growth.
Depending on the distribution channel, the online segment is projected to be the fastest-growing segment in the forthcoming years. Online retailers and online groceries are rapidly penetrating across the developed and developing markets. Increase in adoption of digital technologies and improvement in internet access boost the use of the online groceries, which is a significant growth driver of the online sales channels.
Region wise, in 2020, Asia-Pacific accounted for the highest share, in terms of value and volume, registering a significant CAGR of 5.5%, from 2022 to 2031. In this region, rapeseed oil is used for food processing and contributes less in industrial applications such as bio-fuels and cosmetics. China is the largest consumer of rapeseed oil, accounting for approximately $ one-third share of the global rapeseed oil market in terms of volume, and is expected to maintain its dominance during the forecast period. Indonesia is anticipated to grow at the highest CAGR of 6.5% during the forecast period.
The key players profiled in the report include The Archer Daniels Midland Company, Associated British Foods plc., Cargill Incorporated, ConAgra Foods, Inc. (CAG), CSS Estates, Mackintosh of Glendaveny, Ola Oils, Glencore Grain Investment LLC, RISOIL S.A., and Yorkshire (Breckenholme Trading Company).
Key findings of the Study
- North America is expected to grow at the highest CAGR of 6.2% from 2022 to 2031, followed by LAMEA, in terms of revenue.
- In 2020, the bio-fuel segment accounted for 24.4% of the share in terms of value and is expected to grow at a significant CAGR.
- China generated the highest revenue, accounting for approximately $ 31.9% of the market share of the global rapeseed oil market in 2020.
- In 2020, Asia-Pacific accounted for the highest market share accounting for approximately $ 49.6% of the market share, in terms of revenue.
Companies Mentioned
- Cullise
- Folba Oil Limited SDN
- Mackintosh of Glendaveny
- Ola Oils
- Pacific Coast Canola
- RISOIL S.A
- ConAgra Foods Inc.
- Yorkshire Rapeseed Oil
- The Archer Daniels Midland Company
- Cargill Incorporated
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 212 |
| Published | March 2022 |
| Forecast Period | 2020 - 2031 |
| Estimated Market Value ( USD | $ 20836.1 million |
| Forecasted Market Value ( USD | $ 37199.4 million |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
