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Rapeseed Oil Market To Reach USD 35,591.07 Million By Year 2030

Rapeseed Oil Market Size Was Valued at USD 24,466.61 Million in 2023 and is Projected to Reach USD 35,591.07 Million by 2030, Growing at a CAGR of 5.50% From 2023-2030.

Swati Kalagate
Food and Beverages
Pristine Intelligence LLP

Market Overview:

Rapeseed Oil Market Size Was Valued at USD 24,466.61 Million in 2023 and is Projected to Reach USD 35,591.07 Million by 2030, Growing at a CAGR of 5.50% From 2023-2030.

Rapeseed oil, derived from the seeds of the rapeseed plant, is a versatile cooking oil with a mild flavor and high smoke point, making it suitable for various culinary applications such as frying, baking, and salad dressings. Its rich composition of healthy fats, including omega-3 and omega-6 fatty acids, makes it a popular choice for health-conscious consumers. In recent years, the market for rapeseed oil has seen growth due to increased demand for healthier cooking oils, as well as its versatility and sustainability compared to other oil options. Additionally, rapeseed oil is gaining traction in industrial applications, including biodiesel production, further driving its market expansion. As consumers seek out healthier and environmentally friendly alternatives, rapeseed oil is poised to maintain its position as a key player in the cooking oil market.

Top Key Players Covered in The Rapeseed Oil Market:

    • Archer-Daniels-Midland Company (USA)
    • Bunge Limited (USA)
    • Cargill Incorporated (USA)
    • Conagra Brands Inc. (USA)
    • Cullise Ltd. (UK)
    • Interfat SA (Spain)
    • Louis Dreyfus Company B.V. (Netherlands)
    • Mackintosh of Glendaveny (UK), and Other Major Players

Market Dynamics and Factors:           

The rapeseed oil market is being driven by several key factors, including the growing consumer preference for healthier cooking oils. With increasing awareness of the health benefits associated with consuming omega-3 and omega-6 fatty acids, rapeseed oil's nutritional profile has positioned it as a favorable option for health-conscious consumers seeking alternatives to traditional oils like soybean or sunflower oil. Additionally, rapeseed oil's high smoke point makes it suitable for a wide range of culinary applications, including frying and baking, further expanding its appeal among home cooks and chefs.

Furthermore, the rapeseed oil market is benefiting from the rising demand for sustainable and environmentally friendly products. As consumers become more conscious of their environmental footprint, they are seeking out products that are produced using sustainable practices. Rapeseed oil fits into this trend due to its relatively low environmental impact compared to other oil crops. It requires fewer pesticides and fertilizers for cultivation and can thrive in a variety of climates, reducing the need for extensive irrigation. Additionally, rapeseed oil can be used as a feedstock for biodiesel production, contributing to the renewable energy sector's growth. These factors position rapeseed oil as not only a healthy cooking oil but also a sustainable option, driving its market growth and presenting opportunities for expansion in both consumer and industrial markets.

The Rapeseed Oil Market Report Highlight:

    • By Type, Processed segment is expected to dominate the market during the forecast period. Processed rapeseed oil undergoes refining and purification processes, resulting in a neutral flavor and higher smoke point, making it suitable for various cooking applications. Its widespread availability and suitability for industrial uses further contribute to its dominance in the market.
    • By Application, the Food Processing segment held the largest share of the market, drawn by the energy-efficient advantages these systems offer. With its high smoke point and mild flavor, rapeseed oil is ideal for frying, baking, and salad dressings, making it a versatile choice for various food processing applications. Its nutritional benefits further contribute to its popularity among manufacturers and consumers alike.
    • By Region, APAC is Expected to Dominate the Market Over the Forecast Period. Factors such as increasing consumer awareness of health benefits, rising demand for sustainable products, and the versatility of rapeseed oil in culinary and industrial applications contribute to the region's prominence. APAC's growing population and evolving dietary preferences further bolster market growth.

Key Industry Development:

In March 2024, Bunge and Chevron announced approval of a final investment decision for their joint venture Bunge Chevron Ag Renewables LLC to build a new oilseed processing plant adjacent to its existing processing facility located on the Gulf Coast in Destrehan, LA. The plant features a flexible design, intended to allow it to process soybeans as well as softseeds, including novel winter oilseed crops, such as winter canola and CoverCress, among others. Expected to be operational in 2026, the processing facility aims to add scale and efficiencies to Bunge Chevron Ag Renewables, which will allow the company to better meet the increased market demand for renewable fuel feedstocks.

In December 2023, ADM, a global leader in human and animal nutrition, announced that it had reached an agreement to acquire UK-based FDL, a leading developer and producer of premium flavor and functional ingredient systems. FDL, with projected 2023 sales of approximately $120 million, operates three production facilities and two customer innovation centers, all in the United Kingdom. The company’s approximately 235 colleagues, which include about 40 dedicated innovation specialists, have created more than 10,000 proprietary flavor formulations that enable accelerated speed to market.

The Rapeseed Oil Market Segmentation:

By Type

    • Processed
    • Virgin

By Nature

    • Conventional
    • Organic

By Application

    • Food Processing
    • Bio Fuel
    • Cosmetics & Personal Care
    • Animal Feed

By Extraction Process

    • Aqueous Process
    • Enzyme Based Process

By Distribution Channel

    • Supermarkets and Hypermarkets
    • Independent Retail Stores
    • Business to Business
    • Online Sales Channels

For this report, Pristine Intelligence has segmented the Rapeseed Oil Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)

North America

    • The U.S.
    • Canada
    • Mexico

Eastern Europe

    • Russia
    • Bulgaria
    • The Czech Republic
    • Hungary
    • Poland
    • Romania
    • Rest of Eastern Europe

Western Europe

    • Germany
    • UK
    • France
    • Netherlands
    • Italy
    • Spain
    • Rest of Western Europe

Asia Pacific

    • China
    • India
    • Japan
    • Singapore
    • Australia
    • New-Zealand
    • Rest of APAC

Middle East & Africa

    • Turkey
    • Saudi Arabia
    • Qatar
    • UAE
    • Israel
    • South Africa

South America

    • Brazil
    • Argentina
    • Rest of SA
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