Home > > Global Rapeseed Oil Market Report
The Rapeseed Oil market was valued at $37,007.8 Million in 2022, and is projected to reach $47,516.8 Million by 2032 growing at a CAGR of 2.58% from 2023 to 2032.Rapeseed oil, also known as canola oil, is a popular cooking oil that is derived from the seeds of the rapeseed plant. It is known for its high smoke point and neutral flavor, which makes it a suitable choice for a variety of cooking applications. One of the main drivers of the rapeseed oil market is the growing demand for healthier cooking options. Rapeseed oil is a good source of monounsaturated fats and has a low level of saturated fats, making it a healthier alternative to other cooking oils. In addition, the increasing awareness of the health benefits of rapeseed oil, such as its ability to lower cholesterol levels and reduce the risk of heart disease, is also driving demand. Another trend in the rapeseed oil market is the increasing demand for plant-based protein sources, as consumers look for more sustainable and environmentally-friendly options. Rapeseed oil is a popular choice in this regard as it is a source of plant-based protein and can be used as a substitute for animal-based products in various applications. There are several companies that are active in the rapeseed oil market, including Cargill, ADM, Bunge, and Louis Dreyfus Company. These companies have a strong presence in the market and have made various developments to meet the growing demand for rapeseed oil. For example, Cargill has invested in the expansion of its rapeseed oil processing facilities in Europe to meet the increasing demand for the product. ADM has also expanded its rapeseed oil production capabilities through acquisitions and partnerships.