Global Canola Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global canola oil market in its upcoming report titled, “Global Canola Oil Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global canola oil market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global canola oil market report has been segmented on the basis of product type, species, livestock, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Canola oil is derived from rapeseed also known as brassica napus. Rapeseed is oil rich seed and is the third largest source of vegetable oil in the world. Canola oil helps to control cholesterol levels and maintain health of heart as it contains less saturated fat. It has a smooth texture, light flavor, and high smoking point. Canola oil is a rich source of 6-omega fatty acid which is essential for growth and development of brain. It also helps to reduce inflammation, skin problems, infections, hair damage, etc.
Growing awareness regarding health benefits provided by consumption of canola oil and increasing adaption of health lifestyle are major factors driving growth of the canola oil market. Increasing demand of canola oil in food industry is also another factor propelling growth of the market. Rising use of canola oil in cosmetics industry for skin and hair care products and expanding retail sector is also expected to support growth of the market. Growing use of canola oil in chemical industry and for biofuels are additional factors expected to drive growth of the global market.
However, high price of canola oil and its negative impacts on liver and kidney are major factor expected to hamper growth of the global canola oil market.
Development of cost-effective canola oil and promotional activities using social platforms to increase awareness regarding health benefits provided by canola oil among individuals in developing countries can create high revenue opportunities for players in the target market.
The market in Europe accounts for largest market share in terms of revenue and is expected to maintain its dominance over the forecast period, owing to large amount of rapeseed production in the region. The market in North America is expected to account for second-highest share in the market in terms of revenue over the forecast period, owing to large presence of food processing companies in the region. The market in Asia Pacific is expected to witness significant growth especially in developing countries.
Global Canola Oil Market Segmentation:
Segmentation by product type:
Segmentation by application:
- Personal Care
- Bio-diesel and Lubricant
- Food Industry
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Archer-Daniels-Midland Company
- Associated British Foods plc.
- Sunora Foods Inc.
- Wilson Foods Limited
- JIVO Wellness Pvt. Ltd
- Dalmia Continental Private Limited
- Arla Foods amba
- The J.M. Smucker Company
- Bunge Limited
- Cargill, Incorporated
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