About Rapeseed Oil
Rapeseed oil is derived from the black seeds of bright-yellow flowering plants from the Brassicaceae family, commonly known as oilseed rape plant. It provides numerous health benefits such as reducing the risk of cardiovascular diseases as it contains low cholesterol levels. And, it is a rich source of vitamin E and antioxidants which help to repair hair damaged, skin damage, and others. Further, increasing applications of rapeseed oil in cosmetic products such as lotion, oil, and creams driving the demand for rapeseed oil. In addition, growing demand from developing economies and increasing availability at retail stores expected to drive the demand for rapeseed oil over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.4% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill Incorporated (United States), Cullise (United States), Mackintosh of Glendaveny (United Kingdom), Ola Oils (United Kingdom), Pacific Coast Canola (United States), RISOIL S.A. (Ukraine), ConAgra Foods Inc. (United States), Yorkshire Rapeseed Oil (United Kingdom), The Archer Daniels Midland Company (United States), Associated British Foods plc. (United Kingdom) and American Vegetable Oils, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are The Adani Wilmar Ltd. (Singapore), Ruchi Soya Industries Limited (India) and Fuji Oil Holdings Inc. (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Rapeseed Oil market by Type (Squeeze and Leach), Application (Edible Oils, Chemical Products and Other) and Region.
On the basis of geography, the market of Rapeseed Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Rapeseed Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Rapeseed Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Extraction Process, the sub-segment i.e. Solvent-Extracted will boost the Rapeseed Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Awareness about Nutritional Benefits Low Saturated Fat Content of Rapeseed Oil and Increasing Availability of Rapeseed Oil in Retail Stores
Market Growth Drivers:
Rise in Demand of Alternate Fuel Such As Biodiesel and Increasing Demand for Organic Oil for Food Processing
Challenges:
Availability of Other Vegetable Oil in the Market
Restraints:
Lack of Awareness in Emerging Countries
Opportunities:
Rise in Demand from Developing Countries and Increasing Demand for Rapeseed Oil from Cosmetic Industry
Market Leaders and their expansionary development strategies
In November 2022, Royal DSM, a global purpose-led science-based company, has launched of Vertis™ CanolaPRO, a high-quality canola protein isolate. This milestone follows more than 10 years of research and development at DSM to unlock the healthy protein from the canola seed and produce it at scale for the food industry. Canola seeds, also known as rapeseeds, are one of the world’s few available plant sources of complete protein, meaning they contain all nine essential amino acids required for good health. Vertis™ CanolaPRO® will allow food and beverage producers to develop plant-based products that offer complete proteins and are free from major allergens.
In February 2023, Cargill, the global ag and bioindustrial firm, has launched FR3r™ natural ester, a new transformer insulating fluid derived from more than 95-percent rapeseed oil. Utilities, transformer manufacturers and commercial building owners around the globe seeking a higher performing, more reliable and more sustainable insulating fluid than mineral oil now have a 100-percent biodegradable natural ester option made from the renewable rapeseed plant.
“Regulation (EU) No. 1169/2011 sets new provisions for the labeling of refined vegetable oils and fats. From 13 December 2014, this European legislation obliges to declare all individual oils present in food products on the label. It is still possible to use the class name ‘vegetable oils’ and ‘vegetable fats’ for refined vegetable oils and fats, but this class name should directly be followed in brackets by a list indicating their specific vegetable origin.”
Key Target Audience
Rapeseed Oil Manufacturers, Rapeseed oil Suppliers and Distributors, Potential Investors, Market Research Firms, Government Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.