Canola Oil Market Trends

Skyquest Technology's expert advisors have carried out comprehensive research on the canola oil market to identify the major global and regional market trends and growth opportunities for leading players and new entrants in this market. The analysis is based on in-depth primary and secondary research to understand the major market drivers and restraints shaping the future development and growth of the industry.

Canola Oil Market Dynamics

Canola Oil Market Drivers

Growing Demand from Food Processing Industry

  • Canola oil’s neutral flavor, high heat tolerance, and extended shelf life make it a top choice for food processors. It is widely used in frying, baking, margarine, and salad dressings. With the global rise in processed and convenience food consumption, particularly in Asia-Pacific and North America, the food industry's demand for versatile, cost-effective oils is growing. Canola oil also allows for product labeling as “low in saturated fat,” aligning with health-conscious marketing.

Biofuel and Industrial Applications

  • Canola oil is increasingly being used as a feedstock for biodiesel, owing to its high oil yield and low carbon emissions. With governments promoting clean energy transitions, especially in the EU and North America, demand for renewable fuel sources is on the rise. Canola oil-based biodiesel produces fewer greenhouse gases than petroleum diesel and is biodegradable, which is expected to bolster the global canola oil market outlook.

Canola Oil Market Restraints

High Cost Compared to Traditional Oils

  • Canola oil is generally more expensive than widely used oils like palm or soybean, especially in price-sensitive markets. This price disparity can deter mass adoption in developing countries, where household budgets are tight and bulk purchasing of cheaper oils prevails. Processing and refining costs, along with supply chain challenges, further add to its price and impedes market development potential.

Concerns Regarding GM Crops

  • A significant portion of global canola oil production is genetically modified (GM), raising consumer concerns in regions with strict food safety standards, such as the EU. Despite GM crops offering better yields and resistance to pests, many consumers perceive them as unnatural or harmful. Labeling regulations in countries like France and Germany may require GM origin disclosure, which can negatively affect sales.
REPORT OVERVIEW BUY NOW

REQUEST FOR SAMPLE

Want to customize this report? REQUEST FREE CUSTOMIZATION

FAQs

Global Canola Oil Market size was valued at USD 35.55 Billion in 2023 and is poised to grow from USD 36.8 Billion in 2024 to USD 48.09 Billion by 2032, growing at a CAGR of 3.4% during the forecast period (2025-2032).

Canola Oil providers should focus on improving affordability and accessibility to their offerings around the world. Making canola oil available year-round available is also a key opportunity that most companies are focusing on. Targeting countries with rapidly expanding vegan population is slated to boost revenue generation as per this global canola oil market forecast. 'Cargill Inc.', 'Jivo Wellness Pvt. Ltd.', 'Louis Dreyfus Company', 'Richardson International Limited', 'Wilmar International Ltd.', 'American Vegetable Oils, Inc.', 'Adani Wilmar', 'The J.M. Smucker Company', 'Arla Foods Amba', 'Highwood Crossing Foods Ltd.', 'La Tourangelle', 'Sunora Foods, Inc.', 'Parrish and Heimbecker, Limited', 'Paterson Grain'

Canola oil’s neutral flavor, high heat tolerance, and extended shelf life make it a top choice for food processors. It is widely used in frying, baking, margarine, and salad dressings. With the global rise in processed and convenience food consumption, particularly in Asia-Pacific and North America, the food industry's demand for versatile, cost-effective oils is growing. Canola oil also allows for product labeling as “low in saturated fat,” aligning with health-conscious marketing.

Demand for Organic and Cold-Pressed Canola Oil: Consumers are increasingly seeking clean-label and minimally processed edible oils. This has led to a surge in demand for organic and cold-pressed canola oil, perceived as healthier and more environmentally friendly. Cold-pressed oils retain more nutrients and have fewer additives, appealing to wellness-focused buyers. Organic certification also helps brands differentiate in premium markets. Going organic is a canola oil market trend that companies should not avoid in the long run.

How Will the Demand for Canola Oil Fare in the Asia Pacific?

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Feedback From Our Clients

Global Canola Oil Market
Canola Oil Market

Report ID: SQMIG30C2179

[email protected]
USA +1 351-333-4748

BUY NOW GET FREE SAMPLE