The global rapeseed oil market size is expected to reach USD 48.1 billion by 2025, expanding at a CAGR of 4.7% over the forecast period. The growing popularity of rapeseed oil as a functional ingredient due to its rich content of vitamin E and essential fatty acids is projected to expand the market size in the nutritional industry. Furthermore, rising awareness regarding biofuels at the global level as a result of supportive government policies in developed economies including the U.S. and Germany to promote production and consumption of naturally derived fuels is projected to open new avenues in the near future.
Food processing is expected to reach more than USD 30.0 billion by the end of 2025. Rising concerns over cardiovascular diseases among working-class people at the global level as a result of hectic lifestyles are expected to expand the scope of nutritionally enriched food products. As a result, the food processing companies are expected to increase spending on the inclusion of low fat and nutritional oilseeds including rapeseed as a functional ingredient in the formulation of their finished goods.
As of 2018, Asia Pacific was the largest rapeseed oil market, accounting for more than 40.0% share in terms of revenue and volume. Expansion of the middle-class income groups in emerging economies including China and India is expected to expand the scope of rapeseed oil as a key constituent in the formulation of various nutritional products and personal care goods. Furthermore, in April 2017, the National Commodity and Derivatives Exchange Ltd. (NCDEX) announced the trading for rapeseed mustard oil cake. This initiative is expected to open new avenues for new participants to enter the rapeseed oil value chain in the near future.
Rapeseed Oil Market Report Highlights
On the basis of application, food processing segment emerged as the largest segment accounting for 72.6% of the global share in 2018.
The biofuel segment is expected to exhibit a CAGR of 6.3% during the forecast period. The major factors driving the segment involves ease of manufacturing biodiesel from rapeseed due to its ability to tolerate temperature changes more than other oilseeds.
In 2018, the Asia Pacific region accounted for more than 40% of the global share. The biggest factor for the regional growth of the market is a large number of consumers in the region use rapeseed oil in their staple food.
North America is expected to expand at the fastest CAGR of 6.7% during the forecast period. The region is contributing towards the use of rapeseed oil in residential as well as industrial applications.
In October 2020, North Yorkshire Rapeseed Oil launched Yorkshire Rapeseed Oil’s new Tartare Sauce that is made from the rapeseed oil.
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Rapeseed Oil Market Segmentation
Grand View Research has segmented the global rapeseed oil market on the basis of application and region:
Rapeseed Oil Application Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2015 – 2025)
Rapeseed Oil Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2015 – 2025)
Central & South America
Middle East & Africa
Key Players in the Rapeseed Oil Market
Mackintosh of Glendaveny
Archer Daniels Midland Company
K. S. Oils Limited
SME Business Services Limited
Walter Rau Neusser
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