Refined Rapeseed Oil Market was valued at USD 5.2 Billion in 2022 and is projected to reach USD 8.1 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
Refined rapeseed oil a versatile and widely used edible oil plays an essential role in global markets from households to commercial cooking industries. Over the years it has gained popularity for its health benefits mild flavor and high smoking point. In this article we explore the latest key market insights on the refined rapeseed oil market analyzing current trends future growth opportunities and the factors shaping this dynamic sector.
Refined rapeseed oil is made from the seeds of the rape plant which is primarily grown in temperate regions like Europe Asia and North America. The oil extraction process involves pressing and refining the seeds to produce a clear light yellow oil with neutral flavor and aroma. It is favored for its balanced fatty acid profile rich in omega 3 and omega 6 fatty acids making it a preferred choice for cooking and industrial applications.
In recent years the global refined rapeseed oil market has seen substantial growth due to an increase in consumer demand for healthier cooking oils. According to market research reports the global refined rapeseed oil market size is projected to expand at a compound annual growth rate CAGR of 4.6% from 2023 to 2030. This growth is attributed to the rising preference for plant based oils improved health consciousness and the growing food and beverage industry.
Several key drivers are contributing to the market growth of refined rapeseed oil:
Health Consciousness: With consumers becoming more health conscious refined rapeseed oil’s lower saturated fat content compared to other oils like palm and coconut oil has positioned it as a healthier option for cooking.
Versatility in Cooking: Due to its high smoke point around 400°F or 204°C refined rapeseed oil is highly versatile suitable for deep frying baking grilling and sautéing.
Increase in Plant Based Diets: As plant based diets become more popular worldwide the demand for plant derived oils like rapeseed oil has surged providing an alternative to animal based fats.
Growth of the Food Processing Industry: The global food processing industry especially in emerging economies is a major consumer of refined rapeseed oil further driving market demand.
Despite its growing popularity the refined rapeseed oil market faces several challenges that could impact its growth trajectory:
Price Fluctuations: The prices of raw materials such as rapeseed are subject to volatility due to various factors including weather conditions crop yields and global supply chain disruptions. This can affect the overall pricing and availability of refined rapeseed oil.
Environmental Concerns: The cultivation of rapeseed may contribute to environmental concerns such as monoculture farming practices and pesticide use. Sustainable farming practices and consumer preference for eco friendly products are pushing the market toward addressing these issues.
Competition from Other Edible Oils: Refined rapeseed oil faces stiff competition from other edible oils such as olive oil sunflower oil and soybean oil which are also popular due to their health benefits and culinary properties.
The global refined rapeseed oil market is segmented based on product type application and region. Let’s dive deeper into each segment:
Conventional Refined Rapeseed Oil: This is the most widely available form of refined rapeseed oil. It is processed using traditional methods of extraction and refining catering to mass consumption.
Organic Refined Rapeseed Oil: With the growing demand for organic and clean label products organic refined rapeseed oil is gaining traction especially among health conscious consumers.
Food and Beverage Industry: The largest share of the refined rapeseed oil market is attributed to its use in the food and beverage industry where it is used in cooking frying and as an ingredient in various processed food items.
Cosmetics and Personal Care: Refined rapeseed oil is also used in the cosmetics and personal care industry due to its moisturizing properties and high content of vitamins E and K. It is used in creams lotions and hair care products.
Industrial Use: Refined rapeseed oil is used in manufacturing biodiesel lubricants and other industrial applications due to its chemical properties and biodegradability.
The global refined rapeseed oil market is analyzed across key regions including:
North America: The United States and Canada are major consumers of refined rapeseed oil driven by growing awareness of health benefits and an increasing demand for plant based cooking oils.
Europe: Europe is a significant market for refined rapeseed oil with countries like Germany France and the United Kingdom being key consumers. The region also leads in organic rapeseed oil production and consumption.
Asia Pacific: Asia Pacific is anticipated to witness the highest growth rate during the forecast period with China and India being the largest markets due to the rising population urbanization and expanding food and beverage sectors.
Rest of the World: Other regions including South America Africa and the Middle East are also contributing to the growing demand for refined rapeseed oil.
The refined rapeseed oil market is continuously evolving with the following trends:
Consumer Shift to Healthier Oils: As more consumers focus on health and wellness oils with lower saturated fats and higher amounts of omega 3 fatty acids such as refined rapeseed oil are gaining popularity. This shift is expected to continue as awareness of healthy eating increases.
Sustainability Initiatives: With increasing demand for sustainable and eco friendly products many brands are focusing on sourcing rapeseed oil from environmentally responsible and certified farms promoting organic farming practices and reducing the environmental impact of production.
Technological Advancements: Innovations in refining processes including cold pressing and better extraction methods are leading to higher quality oils with improved flavor profiles and nutrient retention providing a competitive edge in the market.
Rising Popularity of Organic Products: As consumers become more mindful of the environmental impact and health implications of their purchases organic refined rapeseed oil is becoming more mainstream especially in regions like Europe and North America.
The future of the refined rapeseed oil market looks promising with significant opportunities for growth and expansion. Some key areas of opportunity include:
Growth in Emerging Markets: As incomes rise and consumer preferences shift in emerging economies the demand for refined rapeseed oil is expected to increase particularly in Asia Pacific Africa and Latin America.
Product Innovation: Companies are innovating by introducing flavored and fortified refined rapeseed oil variants catering to the growing trend of specialty oils for niche markets.
Expansion in the Biofuel Industry: The growing adoption of biodiesel in transportation and industrial sectors presents an opportunity for refined rapeseed oil to be used as a feedstock in biofuel production contributing to cleaner energy solutions.
The refined rapeseed oil market is experiencing dynamic growth driven by increasing consumer demand for healthier oils rising interest in plant based diets and a growing focus on sustainability. While the market faces challenges such as price fluctuations and environmental concerns the overall outlook remains positive with key opportunities in emerging markets and product innovation. As the market continues to evolve companies must focus on meeting consumer expectations for quality health benefits and sustainability to maintain a competitive edge.
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Louis Dreyfus
Cargill
AusOils
Sodrugestvo
ADM Agri-Industries
AS Scanola Baltic
Croda International
Ernesto Ventós
Bunge
Victoriaoil
Northstar Agri Industries
Richardson Oilseed
Viterra
Al Ghurair
CHS
Pacific Coast Canola (PCC)
Oliyar
Wilmar International
Maple Grain and Oil Industry
HSGC
Yihai Kerry Foodstuffs Marketing
Shandong Luhua Group
Cofco
Sichuan Ng Fung Li Hong Food
E'meishan Wanfo Green Food
Chongqing Shushang Fresh Food (Group)
SiChuan DingDianEr Food Development
Hexin Agricultural
Yaomazi Food
Chengdu Baoyang Flavouring Industry
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Refined Rapeseed Oil Market
Online Sales
Offline Sales
Based on Types the Market is categorized into Below types that held the largest Refined Rapeseed Oil market share In 2023.
Genetically Modified Rapeseed Oil
Non-GMO Canola Oil
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Refined Rapeseed Oil Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Refined Rapeseed Oil Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Refined Rapeseed Oil Market, By Type
6. Global Refined Rapeseed Oil Market, By Application
7. Global Refined Rapeseed Oil Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Refined Rapeseed Oil Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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