Canola Oil Market Size

SkyQuest Technology's Canola oil market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Canola Oil Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.

Canola Oil Market Insights

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).

Growing awareness regarding health benefits of canola oil, high demand from food processing industry, government support for canola oil production, and expansion of e-commerce industry are slated to drive canola oil consumption.

Canola oil's low saturated fat and high omega-3 fatty acid content drive its appeal among health-conscious consumers. Stability of canola oil under high-temperature cooking makes it a popular choice in food processing. Use of canola oil in cosmetics, lubricants, and biodegradable plastics is also slated to drive the global canola oil market growth over the coming years. Launch of subsidies, tax incentives, and R&D grants by governments to support canola cultivation are also creating new business scope for market players.

On the contrary, high costs of canola oil, concerns regarding genetically modified crops, environmental and climate risks, supply chain restrictions, and trade barriers are estimated to hamper the sales of canola oil around the world through 2032 and beyond.

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