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The rapeseed oil market size is estimated to decelerate by USD 10.10 billion at a CAGR of 4.5% between 2023 and 2028. Rapeseed oil, derived from the seeds of the rapeseed plant, offers numerous health benefits. Rich in monounsaturated and polyunsaturated fats, it helps lower bad cholesterol levels and reduces the risk of heart diseases. Additionally, it is a good source of vitamin E, an essential antioxidant that protects cells from damage. With increasing consumer awareness and concern for the environment, there is a growing emphasis on environmentally friendly and sustainable product packaging. Rapeseed oil producers are responding to this trend by using biodegradable and recyclable packaging. Furthermore, innovative techniques in the production of rapeseed oils, such as the use of solvent-free extraction methods, ensure higher quality and purity while minimizing the environmental impact. These factors make rapeseed oil a popular choice for health-conscious consumers seeking sustainable and eco-friendly options.
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Rapeseed oil, derived from the black-red colored seeds of the Rapeseed plant, which includes Brassica napus and Brassica rapa, is a popular edible oil known for its oil-rich property. This oil is commonly referred to as Colza oil in some regions. It is rich in Omega-3 fatty acids, Vitamin E, and antioxidants, making it a preferred choice for health-conscious consumers. The rapeseed oil market is driven by its health benefits and extensive applications in food processing, bio-diesels, and the food service industry. The food processing sector is a significant consumer of rapeseed oil due to its high smoke point and stability during cooking. In food service, it is used in various cuisines, including Asian, European, and Middle Eastern. Rapeseed oil is often compared to other edible oils like sunflower oil and olive oil. While sunflower oil is rich in monounsaturated fats, rapeseed oil has a more balanced composition of saturated fats, monounsaturated fats, and polyunsaturated fats. This makes it a versatile option for various cooking methods and dietary preferences. The retail channels are another significant contributor to the rapeseed oil market growth. Cold-pressed rapeseed oil is gaining popularity due to its natural and unrefined properties, adding to the market's overall value. The demand for healthy diets and the increasing awareness of the health benefits of rapeseed oil are expected to further propel the market growth in the forecast period. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The health benefits associated with rapeseed oil is notably driving market growth. Rapeseed oil, renowned for its health benefits, is gaining popularity among health-conscious consumers due to its lower content of saturated fats compared to other cooking oils. This oil is an excellent source of polyunsaturated and monounsaturated fats, essential for maintaining healthy cholesterol levels. The food processing sector and retail channels are witnessing an uptick in the demand for rapeseed oil as consumers embrace it as a heart-healthy alternative. The oil's fatty acid composition, rich in antioxidants, makes it a preferred choice for those following plant-based diets and those seeking natural ingredients. Culinary applications of rapeseed oil extend beyond edible uses, with its high smoke point making it suitable for industrial applications, such as biodiesel production, renewable energy, lubricants, plastics, and bio-based chemicals. The market for rapeseed oil is segmented into organic and conventional, with specialty oils like cold-pressed and refined varieties gaining traction. The growing awareness of healthy diets and the food service industry's increasing adoption of rapeseed oil are expected to boost the market's growth during the forecast period. Online stores, specialty stores, and e-commerce platforms are key distribution channels for rapeseed oil, making it easily accessible to consumers worldwide. Some of the other edible oils, such as sunflower oil and olive oil, face competition from rapeseed oil due to its versatility and health benefits. In summary, the rapeseed oil market is poised for growth due to its health benefits, versatility, and increasing consumer awareness. Its applications in various industries, from food processing to industrial uses, make it a valuable commodity in today's market. Thus, such factors are driving the growth of the market during the forecast period.
Consumer preferences toward opting for healthy substitutes and veganism engulf is the key trend in the market. The market for rapeseed oil has experienced notable growth due to the rising demand for natural and health-conscious food options. This oil, derived from rapeseeds, is rich in essential nutrients such as polyphenols, antioxidants, vitamins, and minerals. The food processing sector and retail channels have witnessed increased sales of rapeseed oil as consumers seek functional and health-based, naturally derived products. In addition to its use in food processing applications, rapeseed oil is also employed in various industries, including biodiesel production for renewable energy, industrial products like lubricants and plastics, and bio-based chemicals. The oil's fatty acid composition, which includes monounsaturated and polyunsaturated fats, makes it a heart-healthy alternative to saturated fats commonly found in other cooking oils. Its high smoke point and versatility make it suitable for various culinary applications, including plant-based diets and vegan cooking. Rapeseed oil is available in various forms, including processed rapeseed oil, virgin rapeseed oil, organic rapeseed oil, and specialty oils, catering to diverse consumer preferences. In the food industry, rapeseed oil is widely used in the food service sector, as well as in the production of edible oils such as sunflower oil and olive oil. The oil's long shelf life and availability through various distribution channels, including online stores, specialty stores, and e-commerce platforms, make it a convenient and accessible option for consumers following healthy diets. Rapeseed oil suppliers play a crucial role in ensuring a steady supply of this versatile and nutritious oil to meet the growing demand. Thus, such trends will shape the growth of the market during the forecast period.
Certification challenges faced by producers is the major challenge that affects the growth of the market. Rapeseed oil, a versatile edible oil, is gaining popularity among health-conscious consumers due to its beneficial fatty acid composition, rich in monounsaturated and polyunsaturated fats, and low in saturated fats. The food processing sector and retail channels are witnessing a surge in demand for this heart-healthy alternative. The oil's high smoke point makes it suitable for various culinary applications, including frying, baking, and salad dressings. Organic rapeseed oil is a preferred choice for those following plant-based diets and seeking natural ingredients. The production process of organic rapeseed oil involves stringent certification procedures, ensuring compliance with international organic standards such as IOAS, ISO 65, and the USDA. The certification process is lengthy and expensive due to the detailed documentation and inspections required. Rapeseed oil is not only used as an edible oil but also has industrial applications, including biodiesel production, renewable energy, lubricants, plastics, and bio-based chemicals. Processed rapeseed oil and virgin rapeseed oil have different applications and shelf life, with the former having a longer shelf life and the latter offering a more robust flavor. Specialty oils, such as cold-pressed and refined rapeseed oil, cater to specific consumer preferences. The food service industry and e-commerce platforms, including online stores and specialty stores, are key distribution channels for rapeseed oil. In comparison to other edible oils like sunflower oil and olive oil, rapeseed oil offers a more affordable price point while maintaining the health benefits. In conclusion, rapeseed oil's versatility, health benefits, and industrial applications make it a valuable commodity in the edible oils market. The certification process for organic rapeseed oil ensures its authenticity and adds value to the product, catering to the growing demand for natural and organic products. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Alicorp SAA - The company offers rapeseed oil that includes vegetable oils and fats, cooking oils, shortenings, margarines, mayonnaise, and specialty ingredients.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The offline segment is estimated to witness significant growth during the forecast period. The global rapeseed oil market caters to the demands of health-conscious consumers seeking antioxidant-rich, heart-healthy alternatives to traditional cooking oils. The food processing sector and retail channels are significant distribution channels for rapeseed oil, with offline retail outlets, such as supermarkets, hypermarkets, and health stores, dominating the market.
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The offline segment accounted for USD 31.36 billion in 2018. The oil's desirable fatty acid composition, consisting of monounsaturated and polyunsaturated fats, makes it an excellent choice for various culinary applications, including plant-based diets. Rapeseed oil's versatility extends beyond edible uses, with applications in biodiesel, renewable energy, industrial products, lubricants, plastics, and bio-based chemicals. The organic and conventional rapeseed oil segments cater to diverse market needs, with specialty oils, such as cold-pressed and refined rapeseed oil, offering unique characteristics for specific uses. The oil's long shelf life, coupled with the convenience of online stores, specialty stores, and e-commerce platforms, ensures its accessibility to a broad consumer base.
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APAC is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market, also known as Colza oil due to its historical origins, is derived from the seeds of the Rape plant, which is rich in oil. Canola oil is a popular variant of this oil, extracted from black-red colored seeds of the Low erucic variety of Brassica napus. This oil-rich property of Rapeseed Oil makes it a valuable commodity in food processing and bio-diesel production. Health-conscious consumers appreciate the health benefits of Rapeseed Oil, which is rich in Monounsaturated fatty acids and Omega-3 fatty acids, as well as Vitamin E. It is commonly used in salad dressing, margarines, sauces, and other food applications. In addition, Rapeseed Oil is used as a bio-degradable lubricating oil and as a raw material for producing bio-fuels. Traditional processing techniques have been used to extract Rapeseed Oil, but digital technologies and online sales channels have expanded its reach to independent retail stores and business-to-business transactions. Saturated fatty acids and erucic acid are present in the High erucic variety of Brassica rapa, which is used in industrial applications, while the Low erucic variety is preferred for food and health purposes. Erucic acid and Eicosenoic acid are essential fatty acids found in Rapeseed Oil, which have been linked to reduced bad cholesterol levels and a lower risk of heart diseases and stroke. Online retailers and online groceries have made it easier for consumers to access Rapeseed Oil, and its popularity continues to grow due to its versatility and health benefits.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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Rapeseed oil, derived from the black-red colored seeds of the Rapeseed or Rape plant (Brassica napus and Brassica rapa), is a popular vegetable oil known for its oil-rich property. This oil is widely used in food processing, particularly in the production of Canola oil, a low erucic variety of rapeseed oil. The health benefits associated with rapeseed oil, including its high content of monounsaturated and polyunsaturated fatty acids, have fueled its demand in various industries. In the food industry, rapeseed oil is used in the production of salad dressing, margarines, sauces, and other processed foods. It is also used in the production of bio-diesels for fuel and as a bio-degradable lubricating oil. The health-consciousness trend has led to an increase in demand for virgin rapeseed oil. Rapeseed oil is often compared to other vegetable oils like Soybean, Palm, and Sunflower oil. While Soybean oil is rich in saturated fatty acids, rapeseed oil contains more monounsaturated and polyunsaturated fatty acids, which are beneficial for heart health. However, high erucic variety rapeseed oil contains erucic acid and eicosenoic acid, which can increase bad cholesterol levels and lead to heart diseases and stroke. The rapeseed oil market is served by various business models, including independent retail stores, business-to-business sales, and online sales channels. Digital technologies, such as online retailers and online groceries, have significantly impacted the distribution of rapeseed oil. Traditional processing techniques continue to be used alongside modern methods to ensure the highest quality of rapeseed oil. Omega-3 fatty acids and Vitamin E are some of the essential nutrients found in rapeseed oil, making it a popular choice for health-conscious consumers. The versatility of rapeseed oil, from its use in food processing to bio-fuels, makes it an essential commodity in various industries.
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Market Scope |
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Report Coverage |
Details |
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Page number |
143 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 4.5% |
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Market growth 2024-2028 |
USD 10.10 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.23 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 36% |
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Key countries |
China, US, Germany, India, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Alicorp SAA, Amazon.com Inc., Archer Daniels Midland Co., Bunge Ltd., Cargill Inc., COFCO Corp., Farrington Oils, Hillfarm Oils Ltd., Israbar Oils & Grains, KOYO KAIUN Co. Ltd., Littleseed, Louis Dreyfus Co. BV, Nisshin OilliO Group Ltd., NMGK Group, Ola Oils, OLVEA Vegetable Oils, Southern Oil (PTY) Ltd., Viterra Inc., Walter Rau Neusser, and Wilmar International Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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