Rapeseed Oil Market By Nature (Organic, Conventional) By End Use (Food Processing, Cosmetic and Personal Care Products, Biodiesel, Animal Feed, Others) By Extraction Process (Solvent-Extracted, Cold-Pressed) By Sales Channel (Direct Sales, Hypermarkets/Supermarkets, Convenience Stores, Specialty Retail Stores, Traditional Grocery Stores, Online Retailers)) - Growth, Share, Opportunities & Competitive Analysis, 2016 – 2028

What is the Global Consumption of Rapeseed Oil?

The global consumption of Rapeseed Oil increased to more than 30 million tons in 2021 and is projected to witness substantial growth in the near future. In 2021, Asia Pacific dominated the global market consumption with China leading the way. The increased health consciousness among consumers as well as growing use of rapeseed oil by food processing companies in the country are the major factors driving the market growth. Moreover, the growing use of rapeseed oil to produce biofuels is further projected to enhance its demand in the coming years.

How Much is Rapeseed Oil Market Worth?

Global Rapeseed Oil Market is projected to increase at a significant CAGR of 5.3% in the coming years. In 2021, the global rapeseed oil market was valued at USD 32,928.6 Million and is projected to reach at value of USD 47,268.50 million by 2028. The demand for rapeseed oil is projected to increase substantially in the coming years and is presumed to generate revenue opportunity for the key industry players that worth USD 285 billion during the forecast period between 2022 and 2028.

rapeseed-oil-market

What is the Price Trends for Rapeseed Oil?

The price of rapeseed oil has increased immensely in the last five years as starting from approximately USD 833.6 per metric ton in May 2017 it has reached to USD 1,325.7 per metric ton in November 2021. This is majorly due to limited supply and huge demand for rapeseed oil across the globe. The rapeseed oil prices remained elevated in the North American region due to Canadian farmers shifting to alternative crops such as cereals on account of increased input cost and Canada’s crushing capacities. Besides, in the Asia Pacific region the rapeseed oil prices witnessed volatile behaviour owing to mixed market sentiments in the region.

Interesting Facts about Rapeseed Oil Industry

  • The top 5 countries for rapeseed oil exports are Canada, Germany, Russia, Belgium, and France.
  • The top 5 importers of rapeseed oil are China, United States, Netherlands, Norway, and Germany.
  • The increased health consciousness among consumers and growing demand for rapeseed oil across different end-use industries such as food and beverages, biodiesel, chemicals, and others are the major factors driving the growth of the market.
  • The presence of other vegetable oil substitute products such as sunflower oil, olive oil, palm oil, and others are projected to hinder the growth of the rapeseed oil market over the forecast period.
  • Asia Pacific region had a major share in terms of volume as well as value in the global rapeseed oil market in 2021 and is projected to continue its dominance over the forecast period.
  • Organic rapeseed oil to witness high growth during the forecast period due to increased awareness for organic products among consumers across the globe.

Who are the Top 10 players/companies in rapeseed oil market in term of value and volume?

The key players in the global rapeseed oil market in terms of value and volume include Cargill Incorporated, CCS Estates, Ola Oils, Mackintosh of Glendaveny, Sodrugestvo, Archer Daniels Midland Company, K. S. Oils Limited, SME Business Services Limited, Walter Rau Neusser, and INTERFAT. These key players are concentrating on new product developments as well as technological innovation to enhance their production of rapeseed oil to gain competitive market share at a global level. Moreover, some regional and country level players are also investing heavily to expand their product portfolio and to enhance their sales. For instance, in November 2021, Cargill Incorporated has acquired an edible oil refinery in Nellore at Andhra Pradesh to expand its footprint in Southern India and strengthen its existing supply chain in the country.

Who are the Top 10 Countries in the Rapeseed Oil Market?

In the global rapeseed oil market, the major countries are China, India, the U.S., Canada, the U.K., Germany, France, Russia, Belgium, Netherlands, and Norway. China is the major producer and consumer of rapeseed oil with more than 30% of the volume share in the global market in 2021. Moreover, the market in developed countries is majorly driven by increased demand for organic rapeseed oil and the growing health consciousness among consumers. Besides, the rapeseed oil market in developing countries like India is projected to witness major growth in the coming years due to increased awareness for rapeseed oil among youngsters.

Which Application Area to Drive the Demand for Rapeseed Oil Market?

The key applications of rapeseed oil include food processing, cosmetic and personal care products, biodiesel, animal feed, and others. The growing demand for rapeseed oil as a functional ingredient for the preparation of numerous products such as cream cheese spreads, mayonnaise, salad dressings tartar sauce, and others due to presence of nutritional substitutes is driving the demand for rapeseed oil in the food processing industry. Moreover, the increased use of rapeseed oil as an ingredient in the baking, poultry, and canning industry to further drive the growth of the market over the forecast period.

In addition, the increased demand for rapeseed oil to manufacture biodiesel on account of its ability to accept temperature changes over other oilseeds. Moreover, the increased awareness to reduce the consumption of petroleum-based gasoline and diesel as well as volatile crude oil prices at a global level is presumed to enhance the demand for biodiesel in the coming years which will contribute to the growth of the rapeseed oil market.

What are the Major Driving Factors for Rapeseed Oil Market?

The changing eating habits such as shift in taste preference as well as increased health consciousness among consumers is the major driver for the growth of the rapeseed oil market over the forecast period. The growing consumer awareness regarding harmful effects of saturated fat content in the food and beverage products which results in increased cases of heart diseases and strokes to drive the growth of the rapeseed oil market worldwide. Moreover, the rapeseed oil is projected to emerge as the prominent oilseed which contains low saturated content as compared to other similar products to further enhance the market demand over the forecast period.

What are the Major Restraints for Rapeseed Oil Market?

The key restraint of the global rapeseed oil market which is projected to hamper the market growth include huge availability of substitute products such as soybean oil, palm oil, sunflower oil, olive oil, and others. The other key factor which is hampering the growth of the market is volatile raw material prices worldwide for rapeseed oil. This is majorly due to uncertain weather condition which can hamper the production as well as pricing of rapeseed oil.

Which Region Dominated the World Rapeseed Oil Market?

In 2021, Asia Pacific dominated the global rapeseed oil market and accounted for more than 40% of the market revenue share in terms of value as well as volume. This is majorly due to high consumption of rapeseed oil in the regional market on account of presence of large number of food processing companies which use rapeseed oil in the finished products. Moreover, the increased health consciousness among consumers in developing economies such as India and China are projected to fuel the regional growth in the coming years. In the Asia Pacific rapeseed oil market, China accounted for the major share due to China being on top of importing rapeseed oil in 2020.

However, North America and Europe are projected to witness substantial growth in the coming years due to increased demand for organic rapeseed oil along with enhanced government regulations for healthy food in this region. In addition, the growing demand for rapeseed oil among consumers on account of healthy lifestyle as well as increased consumption of rapeseed oil by food processing companies to further drive the growth of the rapeseed oil market in North America and Europe.

Related Reports

Corn Oil Market

Essential Oils Market

Cardamom Oil Market

Citrus Essential Oil Market

Krill Oil Market

Sunflower Oil Market

Argan Oil Market

Algae Oil Market

Cottonseed Oil Market

Edible Oils Market

Emu Oil Market

Fish Oil Market

Coriander Oil Market

Cornmint Oil Market

Silicone Oil Market

Hemp Oil Market

Frequently asked questions about global Rapeseed Oil industry

Rapeseed Oil market also suffered from COVID 19 pandemic which resulted into decline of over 8% in revenue generated in 2020

Asia Pacific accounted for the highest share in the global rapeseed oil market in terms of value as well as volume.

The increased health consciousness among consumers worldwide and growing demand for rapeseed oil across different end-use industries are the major factors driving the growth of the market.

Conventional rapeseed oil had a major share in 2021 with more than 70% of the market revenue share. Besides, organic is projected to witness the fastest growth.

Food processing industry had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period.

Rapeseed Oil Market Report Scope

Report Attribute Details
Market Value in 2021 USD 32,928.6 Million
Market Value in 2028 USD 47,268.50
CAGR 5.3% between 2021 and 2028
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Choose License Type
Published Date:  May 2022
Category:  Food & Beverage
Report ID:   57707
Report Format:   PDF
Pages:   120
Rating:    4.5 (50)
Connect With Us
+1-408-641-3282
24/7 Research Support