Rapeseed Oil Market, By Application (Food Processing, Bio-Fuel, and Cosmetics and Personal Care), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2030

The global rapeseed oil market accounted for USD 31252.4 million in 2020 and is estimated to be USD 52441.2 million by 2030 and is anticipated to register a CAGR of 5.4%.

Rapeseed oil is an oil extract derived from the black seeds of the oilseed rape plant which is a bright yellow colored plant. The oilseed plant is widely cultivated across the world for rich oil-seeds which has several health benefits. The rapeseed oil has various nutritional benefits such as low saturated fat content, Vitamin E, high content of unsaturated fat, light, non-greasy texture, no artificial preservatives, trans-fat and GM free, and antioxidants. The rapeseed oil has several applications in food industry followed by personal care products. Most rapeseed oil is genetically modified (GM). While GM foods are considered safe to eat, many people choose to avoid them. Furthermore, this oil is usually highly processed, which may lead to lower nutritional quality and negative health effects. Processing of rapeseed for oil production produces rapeseed meals as a byproduct. The byproduct is a high-protein animal feed, competitive with soyabean. The feed is employed mostly for cattle feeding, but is also used for pigs and poultry. However, Natural rapeseed oil contains 50% erucic acid and high levels of glucosinolates that significantly lowers the nutritional value of rapeseed press cakes for animal feed.

Rising initiatives by government bodies

The shift in consumer’s preference from animal oils to vegetable oil due to increasing health awareness is one of the major factors driving growth of the target market. Due to several health benefits such as low-fat content, Vitamin E and antioxidant property there is an increasing demand of rapeseed oil in household sector which in turn propelling growth of the target market. Consumers in need for curbing down the health issues such as cardiovascular ailments and cancer is surging growth of the target market. Increasing demand of the rapeseed oil in cosmetic products as it is helpful in removing scar tissues, repairing damaged hair, and repairing skin is further aiding in the growth of the target market. Also, use of rapeseed oil in manufacturing of biodiesel, coupled with growing demand for biodiesel is another factor boosting growth of the target market.

However, rapeseed oil lacks minerals and other vitamins which is a major restraint for growth of the global rapeseed oil market. In addition, availability of various substitutes by local players is another factor hampering growth of the target market. Moreover, rapeseed oil is potential pollen allergen and may cause hay fever or asthma thus limiting growth of the target market. Technological advancements and increasing R&D activities by manufacturers is projected to create opportunities in terms of revenue for the players operating in the global rapeseed oil market.

The global rapeseed oil market is segmented based on application, and region.

On the basis of application, the target market is divided into food processing, bio-fuel, and cosmetics and personal care.

Regional Insights:

The global rapeseed oil market accounted for USD 31252.4 million in 2020 and is estimated to be USD 52441.2 million by 2030 and is anticipated to register a CAGR of 5.4%. On region the global Rapeseed oil market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is accounted for largest market share in terms of revenue and is expected to maintain its dominance over the forecast period. This is attributed to the growing demand for rapeseed for manufacturing of biodiesel and growing demand from food processing industry. Europe and North America are among the major revenue contributors in the global rapeseed market followed by markets in Latin America and Middle East & Africa respectively. The market in Europe is projected to witness fastest growth in terms of revenue in the near future, owing to presence of prominent players operating in the countries in this region.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global rapeseed oil market report based on application, and region.

Global Rapeseed Oil Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating in the global rapeseed oil market includes Cargill Incorporated, Cullise, Folba Oil Limited SDN, Mackintosh of Glendaveny, Ola Oils, Pacific Coast Canola, RISOIL S.A., ConAgra Foods Inc., Yorkshire Rapeseed Oil, and The Archer Daniels Midland Company.

• Cargill Incorporated
• 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.