Rapeseed Oil Market Anticipated To Reach US$ 46.4 Billion by 2028 | Price Trends, Production, Forecast Report
The global rapeseed oil market size reached US$ 34.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 46.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.35% during 2023-2028.
The latest research study "Rapeseed Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" by IMARC Group, offers a comprehensive analysis of the industry, which comprises insights on global rapeseed oil price. Rapeseed oil is a vegetable oil that is derived from the seeds of the rapeseed plant. It has a neutral and nutty flavor and is available in different varieties, such as processed, virgin, organic, and conventional. Compared to other cooking oils, rapeseed oil is lighter and contains monounsaturated and polyunsaturated fatty acids, which make it a healthy option for cooking. Rapeseed oil has many health benefits, such as improved digestion, reduced cholesterol levels, enhanced gallbladder function, and a lower risk of cardiovascular diseases. It also contains antioxidants and vitamin E, which help protect the body from damage caused by free radicals. Rapeseed oil is widely used in various sectors, including the food and beverage industry, cosmetics and personal care, biofuels, and the chemical industry. In the food and beverage industry, it is used for cooking, baking, frying, and making salad dressings. In the cosmetics and personal care industry, it is used in skincare products because of its moisturizing properties.
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Rapeseed Oil Market Trends and Drivers:
The rapeseed oil market is being driven by several factors, including the increasing awareness of its health benefits and the shift toward healthy dietary habits. The oil is also being adopted for use in skincare creams, lotions, and ointments, as well as in scar removal applications post-cosmetic surgeries. Technological advancements in oil manufacturing and the launch of value-added products are also contributing to market growth. The availability of the oil through offline and online retail channels is further supporting its growth. Additionally, the demand for dietary fats and oils and the need for rapeseed oil in animal feed production are expected to fuel market growth in the coming years.
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Rapeseed Oil Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Archer-Daniels-Midland Company
- Bunge Limited
- Cargill Incorporated
- Conagra Brands Inc.
- Cullise Ltd., Interfat SA
- Louis Dreyfus Company B.V.
- Mackintosh of Glendaveny
- Ola Oils Limited and Yorkshire Rapeseed Oil.
Breakup by Type:
- Processed
- Virgin
Breakup by Nature:
- Organic
- Conventional
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Online Stores
- Specialty Stores
- Retail Stores
- Others
Breakup by Application:
- Food Processing
- Bio-Fuel
- Cosmetics and Personal Care
- Others
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Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter's Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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