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.
The refined rapeseed oil market is witnessing significant growth driven by increasing consumer demand for healthier edible oils expanding applications in food and non food sectors and rising awareness about sustainability. As of the most recent market assessments the global refined rapeseed oil market was valued at approximately USD 12.5 billion in 2024 and is projected to reach around USD 16.8 billion by 2030 growing at a compound annual growth rate CAGR of 5.2% over the next 5 10 years.
This market growth is fueled by several factors including advancements in oil refining technology increased health conscious consumer preferences for low saturated fat oils and the broader adoption of rapeseed oil as a cooking and industrial ingredient. Rapeseed oil due to its balanced fatty acid profile is gaining popularity as a heart healthy alternative to other vegetable oils like palm and sunflower oil. The rising demand for plant based and vegan products especially in regions like North America and Europe has also contributed to the growth of the market.
Technological advancements in refining processes and the development of specialty rapeseed oil products such as cold pressed and organic variants are likely to shape the market's future trajectory. Additionally the increasing incorporation of rapeseed oil into animal feed formulations and the cosmetics industry also expands the scope of this market. The demand for biofuels derived from rapeseed oil is another emerging factor contributing to the market's evolution aligning with global sustainability trends.
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Drivers
Health Benefits: With a growing consumer base prioritizing health and wellness refined rapeseed oil is viewed as a healthier alternative to oils high in saturated fats such as palm and coconut oil. Its favorable fatty acid composition including omega 3 and omega 6 promotes cardiovascular health and reduces cholesterol levels.
Versatility in Applications: Refined rapeseed oil is widely used in culinary applications including frying cooking and baking. It is also increasingly utilized in industrial applications such as in the production of biofuels cosmetics and pharmaceuticals.
Technological Advancements in Refining Processes: Innovations in refining technology that improve yield purity and nutritional value are encouraging both consumers and manufacturers to shift to refined rapeseed oil.
Growing Adoption of Sustainable Practices: Consumers are becoming more inclined toward oils that are sourced sustainably and rapeseed oil is often seen as a more environmentally friendly option compared to other oils particularly palm oil which is linked to deforestation.
Restraints
Price Volatility: The price of raw materials for rapeseed oil production can fluctuate due to environmental factors like drought or geopolitical instability in key producing regions like Canada India and Europe.
Competition from Other Oils: The market faces intense competition from other vegetable oils such as sunflower oil olive oil and soybean oil. Price sensitivity among consumers may limit the demand for premium rapeseed oil products.
Regulatory Barriers: Various countries have specific regulations surrounding the labeling marketing and production processes of edible oils which could restrict market expansion in some regions.
Opportunities
Expansion of Plant Based Products: The increasing demand for plant based foods presents significant growth opportunities for rapeseed oil as an ingredient in plant based meat substitutes dairy alternatives and snacks.
Biofuel Production: The rising global demand for renewable energy sources presents a new avenue for rapeseed oil as a key feedstock for biodiesel production. Policies supporting clean energy could drive the growth of this sector.
Organic and Cold Pressed Products: The growing preference for organic and cold pressed oils among health conscious consumers provides an opportunity for premium priced rapeseed oil variants to penetrate the market.
By Application
Food & Beverages: The food sector remains the dominant application segment for refined rapeseed oil accounting for a large share of the market. It is primarily used for cooking frying and salad dressings.
Animal Feed: Refined rapeseed oil is increasingly incorporated into animal feed particularly for poultry and aquaculture due to its nutritional profile and beneficial fatty acids.
Cosmetics & Personal Care: Refined rapeseed oil is used as an ingredient in cosmetics shampoos lotions and soaps owing to its moisturizing and skin nourishing properties.
Biofuels: The use of rapeseed oil in biodiesel production is gaining traction driven by sustainability efforts and renewable energy policies worldwide.
By End User
Household Consumers: Household consumption of refined rapeseed oil is significant especially in North America Europe and parts of Asia driven by its affordability and health benefits.
Food Manufacturers: The oil is used extensively in processed food products including snacks ready meals sauces and dressings by food manufacturers worldwide.
Industrial Applications: Industries such as automotive cosmetics and pharmaceuticals utilize refined rapeseed oil in manufacturing processes or as part of product formulations.
By Region
North America: The U.S. and Canada represent key markets for refined rapeseed oil primarily driven by demand in the food sector and the growing interest in healthy cooking oils.
Europe: Europe remains a dominant region for refined rapeseed oil particularly in countries like Germany France and the UK where the oil is widely used in cooking biofuel production and animal feed.
Asia Pacific: Rapid economic growth changing dietary preferences and an increase in food processing activities in countries like India and China are expected to drive the market in this region.
Latin America and Middle East & Africa: These regions are expected to see gradual growth with increasing adoption of rapeseed oil due to its versatility and health benefits.
The refined rapeseed oil market is highly competitive with several key players contributing to its growth and expansion. Notable companies include:
Cargill Inc.: A global leader in the agriculture and food production sector Cargill is a major supplier of refined rapeseed oil and has a strong presence in various applications including food manufacturing and biofuel production.
ADM Archer Daniels Midland Company: ADM is a leading player in the edible oils market providing refined rapeseed oil for both food and industrial applications with an emphasis on sustainability.
Bunge Limited: Bunge is a key producer of refined oils including rapeseed oil offering products that cater to both food and non food industries. The company is focused on expanding its sustainability practices and eco friendly product offerings.
Oleo Fats Inc.: This company specializes in edible oils including refined rapeseed oil and provides tailored solutions to food manufacturers and the cosmetics industry.
Wilmar International Ltd: A leading agribusiness group Wilmar is involved in refining various oils including rapeseed oil and has a significant presence in Asia Pacific markets.
Several trends and innovations are shaping the refined rapeseed oil market:
Cold Pressed and Organic Oils: The demand for organic and cold pressed rapeseed oil is growing driven by consumers seeking natural and less processed products.
Health Conscious Products: There is a growing trend toward promoting the heart healthy benefits of rapeseed oil especially in comparison to oils with higher saturated fat content such as coconut oil.
Biofuel Development: The development of biodiesel from rapeseed oil is gaining momentum with governments pushing for greener alternatives to fossil fuels. Enhanced processing technologies are increasing the yield and quality of biodiesel from rapeseed oil.
The refined rapeseed oil market faces several challenges:
Supply Chain Issues: Fluctuating raw material prices caused by weather conditions or geopolitical instability can disrupt the supply chain. Diversifying sourcing regions and improving storage and transportation infrastructure can mitigate this risk.
Pricing Pressures: Competition from other edible oils and the cost of production may pressure prices. Companies can focus on value added products like organic or cold pressed oils to target premium markets.
Regulatory Barriers: Navigating complex regulations around food safety and labeling can be challenging. Companies must stay up to date with local regulations and adopt transparent marketing practices.
The future of the refined rapeseed oil market appears promising with an anticipated steady growth rate driven by the increasing demand for healthy oils biofuels and sustainable products. The market is likely to witness innovations in refining technologies and product formulations and the demand for rapeseed oil in non food applications is expected to rise. Sustainability coupled with growing awareness about the benefits of rapeseed oil will shape its evolution in the coming years.
Which regions are leading the refined rapeseed oil market? North America Europe and Asia Pacific are currently the leading regions in the refined rapeseed oil market with Europe and North America dominating in both food and biofuel applications.
What are the key applications of refined rapeseed oil? The key applications include food and beverages cooking frying salad dressings animal feed cosmetics and personal care and biofuel production.
What are the major challenges facing the refined rapeseed oil market? Key challenges include price volatility supply chain disruptions and regulatory barriers related to food safety and labeling.
Who are the major players in the refined rapeseed oil market? Key players include Cargill ADM Bunge Limited Oleo Fats Inc. and Wilmar International Ltd.
What is the future growth potential of the refined rapeseed oil market? The market is expected to grow steadily driven by increasing consumer preference for healthier oils sustainability initiatives and innovations in biofuel and non food applications.
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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