NEW
YORK, Aug. 5, 2024 /PRNewswire/ -- The global
rapeseed oil market size is estimated to grow by USD 10.10 billion from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of
4.5% during the forecast period. Health benefits
associated with rapeseed oil is driving market
growth, with a trend towards consumer preferences toward
opting for healthy substitutes and veganism engulf.
However, certification challenges faced by producers
poses a challenge. Key market players include Alicorp SAA,
Amazon.com Inc., Archer Daniels Midland Co., Bunge Ltd., Cargill
Inc., COFCO Corp., Farrington Oils, Hillfarm Oils Ltd., Israbar
Oils & Grains, KOYO KAIUN Co. Ltd., Littleseed, Louis Dreyfus
Co. BV, Nisshin OilliO Group Ltd., NMGK Group, Ola Oils, OLVEA
Vegetable Oils, Southern Oil (PTY) Ltd., Viterra Inc., Walter Rau Neusser, and Wilmar International
Ltd..
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Rapeseed Oil Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Decelerate at a CAGR of
4.5%
|
Market growth
2024-2028
|
USD 10102.6
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
4.23
|
Regional
analysis
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 36%
|
Key
countries
|
China, US, Germany,
India, and UK
|
Key companies
profiled
|
Alicorp SAA, Amazon.com
Inc., Archer Daniels Midland Co., Bunge Ltd., Cargill Inc., COFCO
Corp., Farrington Oils, Hillfarm Oils Ltd., Israbar Oils &
Grains, KOYO KAIUN Co. Ltd., Littleseed, Louis Dreyfus Co. BV,
Nisshin OilliO Group Ltd., NMGK Group, Ola Oils, OLVEA Vegetable
Oils, Southern Oil (PTY) Ltd., Viterra Inc., Walter Rau Neusser,
and Wilmar International Ltd.
|
Market Driver
Rapeseed oil has gained notable popularity in various industries
due to its high nutritional value and versatile applications. In
the food sector, the increasing consumer preference for natural and
health-conscientious ingredients has driven demand for rapeseed
oil. Rich in polyphenols, antioxidants, vitamins, and minerals,
these seeds offer numerous health benefits. The functional food
market has witnessed significant growth due to this trend, leading
to increased retail sales. Beyond food, rapeseed oil is also a key
ingredient in personal care products. Its high content of Vitamin E
and antioxidants makes it an effective ingredient in skincare,
aiding in the repair of damaged hair and the reduction of scar
tissue. Additionally, it is used to treat skin conditions such as
itching, eczema, and acne. In cosmetics, rapeseed oil acts as a
carrier oil, enhancing the absorption and effectiveness of other
ingredients. The shift towards healthier and more natural options,
as well as the rise of veganism, has led to a surge in the
availability of rapeseed oil-based products in supermarkets. This
trend is expected to continue, fueling the growth of the rapeseed
oil market in the forecast period.
The Rapeseed Oil Market is experiencing significant growth due
to its versatility in various sectors. In the plastics industry,
rapeseed oil is used as a raw material for bio-based chemicals.
Organic rapeseed oil is popular in the food industry for specialty
oils and healthy diets. Conventional rapeseed oil is widely used in
food processing applications, including edible oils like sunflower
oil and olive oil, and in the food service industry. Rapeseed oil
also plays a role in bio-fuel production. With the increasing focus
on sustainability initiatives and reducing carbon emissions,
rapeseed oil is a viable alternative to fossil fuels. The
distribution channels for rapeseed oil include online stores,
specialty stores, and traditional retailers. Shelf life is a
critical factor in the market, with testing opportunities available
for suppliers to ensure quality. Rapeseed oil is also used in
biosurfactant production and as a healthy food alternative for
those following a diet to combat lifestyle diseases like obesity,
diabetes, and chronic disorders. Smoked rapeseed oil adds flavor to
dishes, while cold-pressed and refined rapeseed oil cater to
different consumer preferences. The market faces competition from
other edible oils like palm oil and soybean oil. However, rapeseed
oil's health benefits and sustainability initiatives make it a
preferred choice for consumers. The Paris-Granville line and concerns over
particulate pollution and CO2 emissions from diesel fuel further
boost demand for rapeseed oil as a viable alternative.
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Market Challenges
- Obtaining organic certification for rapeseed oil involves
a costly and intricate process. Certification agencies require
extensive documentation and on-site inspections to approve every
ingredient and production method. The certification process
includes lengthy government proceedings and international
validation, which comes with additional expenses for reviews,
assessments, and travel costs. Rapeseed oil producers must comply
with organic standards set by authorities such as IOAS, ISO 65, and
the USDA. The lack of supporting infrastructure facilities may
cause delays in the certification process, adding to the challenges
and expenses for producers. These certification hurdles increase
the cost of organic rapeseed oil production, potentially hindering
the growth of the global rapeseed oil market.
- The Rapeseed Oil Market faces several challenges in
various sectors. In retail, independent stores struggle to compete
with online retailers and business-to-business sales. Traditional
processing techniques need to adapt to digital technologies for
improved efficiency. Health concerns, such as high saturated fatty
acids and erucic acid in some rapeseed oil varieties, pose
challenges. Monounsaturated fats and omega-3 fatty acids in
rapeseed oil are beneficial, but consumers are wary of bad
cholesterol levels linked to saturated fats. In the food industry,
rapeseed oil's fatty acid composition makes it a heart-healthy
alternative to saturated fats in salad dressings, margarines, and
sauces. The low erucic variety is preferred for culinary
applications, while high erucic varieties are used for industrial
products like bio-degradable lubricating oil and biodiesel. The
food processing sector and retail channels must cater to
health-conscious consumers' demand for natural ingredients and
plant-based diets. The smoke point of rapeseed oil is high, making
it suitable for cooking, but its polyunsaturated fat content can be
sensitive to heat. The market's future lies in addressing these
challenges through innovation, such as developing low erucic acid
varieties, improving processing techniques, and expanding online
sales channels for business-to-business and consumer sales.
Rapeseed oil's versatility in various applications, from cooking
oils to bio-fuels, keeps it a vital player in the market.
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Segment Overview
This rapeseed oil market report extensively covers market
segmentation by
- Distribution Channel
- Geography
- 2.1 APAC
- 2.2 Europe
- 2.3 North America
- 2.4 South America
- 2.5 Middle East and
Africa
1.1 Offline- The offline distribution channel
plays a significant role in the global rapeseed oil market. This
segment primarily includes organized retailing outlets such as
supermarkets, hypermarkets, discount stores, convenience stores,
health stores, and grocery stores. These channels provide ample
stock space for various rapeseed oil brands, offering consumers
multiple choices. The penetration of offline distribution channels
is increasing due to infrastructure developments and urbanization.
Major countries like the US, UK, Germany, France, Italy, Australia, Japan, China,
and Canada have high penetration
rates. Leading organized retailers like J Sainsbury plc, Trader
Joe's, ALDI, Carrefour, Future Group, and Woolworths Group Ltd.,
offer a wide range of rapeseed oil products. Developing nations,
including India, South Africa, and Brazil, have witnessed significant
infrastructural growth, leading to increased penetration of
organized retailing outlets. This trend positively impacts the
growth of the rapeseed oil market in these countries. Consequently,
the offline segment is expected to boost the expansion of the
global rapeseed oil market during the forecast period.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
Rapeseed oil, also known as Colza oil, is derived from the seeds
of the Rapeseed plant, which is a member of the Brassicaceae
family. The plant produces black-red colored seeds that contain an
oil-rich property. Rapeseed oil is commonly used in food
processing, particularly in the production of Canola oil. It is
known for its health benefits, including high levels of Omega-3
fatty acids, Vitamin E, and antioxidants. These properties make
rapeseed oil a popular choice among health-conscious consumers. In
addition to food processing, rapeseed oil is also used in the
production of bio-diesels. The Rapeseed plant is a hybrid of
Brassica napus and Brassica rapa. Rapeseed oil is a good source of
monounsaturated and polyunsaturated fats, making it a healthier
alternative to saturated fats found in oils like sunflower oil and
olive oil. The food service industry and retail channels are
significant markets for rapeseed oil. Cold-pressed rapeseed oil and
refined rapeseed oil are the two main types of rapeseed oil
available in the market. Rapeseed oil is a versatile ingredient
that can be used in various dishes and is an essential component of
healthy diets.
Market Research Overview
Rapeseed oil, also known as Colza oil, is derived from the
black-red colored seeds of the Rapeseed plant, which is rich in
oil-bearing properties. This oil is a popular alternative to other
vegetable oils like Soybean, Palm, and Sunflower oil, and is known
for its health benefits. The oil is high in monounsaturated and
polyunsaturated fats, including Omega-3 fatty acids, Vitamin E, and
antioxidants. Rapeseed oil is used extensively in food processing
for various applications such as salad dressing, margarines,
sauces, and bio-degradable lubricating oil for bio-fuels. It is
also used in industrial products like plastics, bio-based
chemicals, and biodiesel production. The health-consciousness trend
has led to an increase in demand for rapeseed oil as it is a
heart-healthy alternative to saturated fats. The oil is low in
saturated fatty acids and high in monounsaturated and
polyunsaturated fats, which help lower bad cholesterol levels and
reduce the risk of heart diseases and stroke. Rapeseed oil is
available in various forms, including processed, virgin, organic,
and specialty oils. It is sold through various channels such as
independent retail stores, business-to-business, and online sales
channels. Traditional processing techniques are used to extract the
oil, but digital technologies are increasingly being adopted to
improve the production process and ensure a longer shelf life. The
oil's fatty acid composition makes it suitable for various culinary
applications, including plant-based diets and natural ingredients.
Rapeseed oil is also used as a smoke point for cooking oils and is
a popular choice for those following healthy diets. The oil's
versatility and health benefits make it a staple in the food
processing sector and a preferred choice for retail channels,
including e-commerce platforms and specialty stores. Rapeseed oil
is also used in the production of bio-fuels and renewable energy
sources. The oil's high erucic acid and eicosenoic acid content
make it an ideal feedstock for biodiesel production. Additionally,
rapeseed oil is used in the production of industrial products such
as lubricants and bio-based chemicals. The Rapeseed plant is of two
main varieties, Brassica napus and Brassica rapa. The high erucic
variety of rapeseed oil is rich in erucic acid and is used
primarily for industrial applications, while the low erucic variety
is used for edible oils and food processing. Rapeseed oil is also
rich in monounsaturated and polyunsaturated fats, including Omega-3
fatty acids, Vitamin E, and antioxidants. These nutrients are
essential for maintaining heart health and reducing the risk of
heart diseases and stroke. The food processing sector is a
significant consumer of rapeseed oil due to its versatility and
health benefits. The oil is used in various applications such as
salad dressing, margarines, sauces, and as a smoke point for
cooking oils. The oil's high smoke point makes it suitable for
high-heat cooking applications and is a popular choice for those
following healthy diets. The retail channels, including independent
retail stores, business-to-business, and online sales channels, are
significant contributors to the rapeseed oil market. The
convenience of online shopping and the availability of various
forms of rapeseed oil, including processed, virgin, organic, and
specialty oils, have made it a preferred choice for consumers. The
food service industry is another significant consumer of rapeseed
oil. The oil's versatility and health benefits make it an ideal
choice for restaurants and food service establishments. The oil's
high smoke point makes it suitable for high-heat cooking
applications, and its nutrient-rich composition makes it a healthy
alternative to other cooking oils. The production of rapeseed oil
involves traditional processing techniques, including crushing and
pressing the seeds to extract the oil. However, digital
technologies are increasingly being adopted to improve the
production process and ensure a longer shelf life. The use of
digital technologies also helps to reduce the production cost and
improve the overall efficiency of the process. The fatty acid
composition of rapeseed oil makes it suitable for various culinary
applications. The oil is rich in monounsaturated and
polyunsaturated fats, including Omega-3 fatty acids, Vitamin E, and
antioxidants. These nutrients are essential for maintaining heart
health and reducing the risk of heart diseases and stroke. Rapeseed
oil is also used in the production of bio-fuels and renewable
energy sources. The oil's high erucic acid and eicosenoic acid
content make it an ideal feedstock for biodiesel production.
Additionally, rapeseed oil is used in the production of industrial
products such as lubricants and bio-based chemicals. The health
benefits of rapeseed oil have made it a popular choice for those
following plant-based diets and natural ingredient lifestyles. The
oil's versatility and health benefits make it a staple in the food
processing sector and a preferred choice for retail channels,
including e-commerce platforms and specialty stores. The rapeseed
oil market is expected to grow significantly in the coming years
due to the increasing demand for healthy and natural ingredients in
the food industry and the growing trend towards renewable energy
sources. The market is also expected to be driven by the increasing
awareness of the health benefits of rapeseed oil and the growing
demand for plant-based diets. In conclusion, rapeseed oil is a
versatile and nutrient-rich oil that is widely used in various
applications, including food processing, industrial products, and
bio-fuels. The oil's health benefits, including its high content of
monounsaturated and polyunsaturated fats, Omega-3 fatty acids,
Vitamin E, and antioxidants, make it a popular choice for those
following healthy diets and natural ingredient lifestyles. The
rapeseed oil market is expected to grow significantly in the coming
years due to the increasing demand for healthy and natural
ingredients and the growing trend towards renewable energy
sources.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Distribution Channel
-
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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Technavio's comprehensive coverage, extensive research, and
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and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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