USD 29.8 billion
Report ID:
SQMIG30B2059 |
Region:
Global |
Published Date: January, 2025
Pages:
177
|Tables:
91
|Figures:
70
Global Rapeseed Oil Market size was valued at USD 29.8 billion in 2023 and is poised to grow from USD 31.14 billion in 2024 to USD 44.29 billion by 2032, growing at a CAGR of 4.5% during the forecast period (2025-2032).
Increasing health consciousness and rising awareness regarding ill effects of certain seed oils are projected to boost the sales of rapeseed oil going forward. Rising consumer demand for healthy edible oils and growing awareness regarding the health benefits of rapeseed oil are also promoting market development. Extensive use of rapeseed oil in biodiesel production as a key feedstock and high demand for sustainable fuels are also offering new opportunities for global rapeseed oil market growth in the long run. Extensive adoption of rapeseed oil in the food & beverage industry along with personal care industry are also slated to boost sales of rapeseed oil over the coming years. Advancements in rapeseed cultivation and oil processing technologies are also forecasted to create new business scope for rapeseed oil suppliers going forward. However, fluctuations in raw material pricing, regulatory restrictions for genetically modified crops, competition from alternative oils, and limited awareness in developing regions are slated to impede the adoption of rapeseed oil across the study period and beyond.
Market snapshot - 2025-2032
Global Market Size
USD 29.8 billion
Largest Segment
Processed
Fastest Growth
Virgin
Growth Rate
4.5% CAGR
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Global Rapeseed Oil Market is segmented by Type, Grade, Production Method, Certification, Distribution Channel, Application and region. Based on Type, the market is segmented into Processed and Virgin. Based on Grade, the market is segmented into Cold-Pressed, Refined and Deodorized. Based on Production Method, the market is segmented into Mechanical Pressing and Chemical Extraction. Based on Certification, the market is segmented into Organic, Non-GMO and Fair Trade. Based on Distribution Channel, the market is segmented into Supermarkets And Hypermarkets, Independent Retail Stores, Business To Business and Online Sales Channels. Based on Application, the market is segmented into Food Processing, Bio Fuel, Cosmetics And Personal Care and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The processed segment is estimated to account for the highest global rapeseed oil market share over the coming years. High smoke point, neutral flavor, and high affordability are some key factors that are promoting the adoption of processed rapeseed oil around the world. Increasing efforts of food manufacturers to improve the health benefits of their offerings at minimal costs are expected to bolster the demand for processed rapeseed oil going forward. High versatility of processed rapeseed oil is also helping the expansion of its application scope in multiple food & beverage companies thereby cementing the dominance of this segment for the future.
Meanwhile, the virgin segment is slated to account for the second-largest global rapeseed oil market size going forward. Rising awareness regarding the benefits of virgin oil consumption and increasing efforts of consumers to reduce consumption of harmful refined oils are helping this segment generate new opportunities. Growing availability of different types of virgin rapeseed oil products and rising preference for rapeseed oil among vegans to substitute animal fats in cooking are also helping this segment boost revenue generation for market players. Improved heart health and brain health by consumption of virgin rapeseed oil is also estimated to help this segment support market development in the long run.
The food processing segment is slated to spearhead the global sales of rapeseed oil over the coming years. The neutral flavor and health benefits of rapeseed oil are expected to bolster the adoption of rapeseed oil across multiple food and beverage manufacturers. Low cholesterol and high unsaturated fatty acid contents of rapeseed oils are helping food and beverage companies to create more healthy products that are in demand among health-conscious consumers. Imposition of stringent regulations to make food and beverages healthier and safer for consumers are also estimated to bolster the demand for rapeseed oil in food processing applications through 2032 and beyond.
On the other hand, the demand for rapeseed oil in biofuel segment is slated to rise at a notable CAGR in the future. Growing emphasis on sustainability and rising demand for alternative fuels are helping this segment boost sales of rapeseed oil in the long run. High melting point and low acid content are making rapeseed oil a key feedstock for biodiesel production thereby offering new business scope for rapeseed oil companies going forward. Growing awareness regarding benefits of biodiesel and high emphasis on emission reduction are also projected to favor the sales of rapeseed oil via this segment over the coming years.
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The Asia-Pacific region is slated to secure the top spot in terms of global rapeseed oil market share going forward. The presence of a massive food processing industry, high affordability of rapeseed oil, growing consumer awareness regarding the benefits of rapeseed oil, and growing emphasis on sustainability are cementing the dominance of this region. Availability of rich agricultural land makes this region a hotbed for rapeseed cultivation thereby contributing to the high share of Asia Pacific. China, Japan, and India are estimated to be the leading markets for rapeseed oil suppliers operating in the Asia Pacific region through 2032.
On the other hand, the demand for rapeseed oil in North America is expected to rise at a steady pace over the coming years. Rising awareness regarding health benefits of rapeseed oil consumption, growing demand for clean-label ingredients in various industry verticals, and high versatility of rapeseed oil are helping generate new opportunities in this region. High demand for processed foods and expanding food processing activities are also slated to offer new business scope for rapeseed oil suppliers. Canada and the United States are slated to be the top countries for rapeseed oil companies in the North American region going forward.
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Rising Health Consciousness
High Demand for Biodiesel
Competition from Alternative Oils
Regulatory Restrictions on GMO Crops
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Rapeseed oil manufacturers should focus on providing virgin and cold-pressed oil to maximize their sales as health consciousness rises among people. Targeting the food processing industry is slated to be a key opportunity for all rapeseed oil suppliers in the long run. Collaborations and creation of novel products using rapeseed oil can also provide attractive business scope as per this global rapeseed oil market analysis.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rising health consciousness among consumers and surging demand for biodiesel are key factors promoting the demand for rapeseed oil. However, competition from alternative oils and regulatory restrictions on GMO crops are expected to hamper sales of rapeseed oil in the future. The presence of a robust food processing industry in countries such as India and China is helping Asia Pacific region emerge as the dominant market for rapeseed oil suppliers across the study period. Providing cold-pressed rapeseed oil and extensive use of rapeseed oil in vegan product formulations are helping create new opportunities for rapeseed oil companies over the coming years.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 29.8 billion |
Market size value in 2032 | USD 44.29 billion |
Growth Rate | 4.5% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Rapeseed Oil Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Rapeseed Oil Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Rapeseed Oil Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Rapeseed Oil Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Rapeseed Oil Market size was valued at USD 115.2 Billion in 2023 and is poised to grow from USD 121.53 Billion in 2024 to USD 186.51 Billion by 2032, at a CAGR of 5.5% during the forecast period (2025-2032).
Rapeseed oil manufacturers should focus on providing virgin and cold-pressed oil to maximize their sales as health consciousness rises among people. Targeting the food processing industry is slated to be a key opportunity for all rapeseed oil suppliers in the long run. Collaborations and creation of novel products using rapeseed oil can also provide attractive business scope as per this global rapeseed oil market analysis. 'RISOIL S.A', 'ConAgra Foods Inc.', 'Louis Dreyfus Company', 'Borges International Group S.L.U', 'Pacific Coast Canola', 'The Archer Daniels Midland Company', 'Yorkshire Rapeseed Oil', 'Cargill Incorporated', 'American Vegetable Oils Inc.', 'Mackintosh of Glendaveny', 'Ola Oils', 'Adani Wilmar Ltd.', 'Cullise', 'Folba Oil Limited SDN'
Increasing health consciousness and awareness regarding diet and nutrition among people is forecasted to boost the consumption of rapeseed oil in the future. Rapeseed oil is rich in unsaturated fats, omega-3 fatty acids, and essential nutrients, which is expected to bolster the global rapeseed oil market outlook as consumers make health-conscious choices in the future.
Demand for Cold-pressed Rapeseed oil: Rapeseed oil companies can focus on providing cold-pressed oils to maximize their business scope as its popularity is rising among health-conscious consumers all over the world. Availability of more nutrients and retention of most natural flavor in cold-pressed rapeseed oil are also expected to make this a prominent rapeseed oil market trend for companies in the long run.
The Asia-Pacific region is slated to secure the top spot in terms of global rapeseed oil market share going forward. The presence of a massive food processing industry, high affordability of rapeseed oil, growing consumer awareness regarding the benefits of rapeseed oil, and growing emphasis on sustainability are cementing the dominance of this region. Availability of rich agricultural land makes this region a hotbed for rapeseed cultivation thereby contributing to the high share of Asia Pacific. China, Japan, and India are estimated to be the leading markets for rapeseed oil suppliers operating in the Asia Pacific region through 2032.
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Report ID: SQMIG30B2059
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