Global Canola Oil Market is projected to grow at a CAGR over 6.8% post 2023

Pune, India, / Market Research Future published a half cooked research report on global canola oil market which is estimated to grow more than 6.8% after 2023.

Market Overview

Global canola oil production is concentrated in area with dry weather and shorter growing season. Winter canola varieties are produced in Europe, Ukraine and Russia whereas spring canola varieties are mainly planted in China, India, Canada and U.S. Increasing use for canola oil for cooking purpose has boosted the demand of canola oil in Europe and North America. Rising application of canola oil in bio-diesel is prevailing the canola oil market and this application segment is growing at significant growth.

 Market Forecast 

The Canola Oil market is mainly driven by increasing demand of canola oil for food preparation and food processing. Canola oil is gaining popularity as healthy oil as it is cholesterol free and it is a good source of vitamin E which is attracting health conscious consumers. Growing application of canola oil in personal care products especially soaps is creating demand of variety of canola oil in the market. Improving cultivation techniques along with research and development activities in canola oil processing will change the market dynamics in upcoming years.

These factors will play a key role in the growth of canola oil market at the CAGR of 6.8% during 2017-2023.

Downstream analysis-

Canola oil is majorly used for cooking purpose and food processing which includes salad dressing and margarine. Canola oil is the third largest source of vegetable oil in the world after soybean oil and palm oil. Canola oil is gaining attention of health-conscious consumers because it has a low percentage of saturated fat and is free of artificial trans-fats. High-oleic canola varieties have been developed recently that are used in commercial high-temperature frying applications to replace partially hydrogenated oils. Biodiesel producers in the world are using canola oil instead of soybean oil due to their lower prices and wider availability.

Competitive analysis-

The major key players in Canola Oil market are

• Archer Daniels Midland Company (U.S.)


• Associated British Foods plc. (U.K.)


• Sunora Foods (Canada)


• Wilson’s Foods (South Africa)


• JIVO WELLNESS PVT. LTD. (India)


• DALMIA CONTINENTAL PVT. LTD (India)


• ARLA FOODS AMBA (Denmark)

Regional Analysis

The Global Canola Oil market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Europe region has the major market share followed by Asia Pacific. Canola is the major oil crop grow in Europe compare to other oil crops. Availability of large natural feedstock of canola has helping European countries to use canola oil for biodiesel and other applications. These factors are supporting significant growth of canola oil market in Europe region. In North America, canola oil is majorly used food preparation and food processing. U.S. is the major importer of canola oil which import canola oil from Canada, Australia and Netherlands.

Market Segmentation-

Global Canola Oil market is segmented by canola species, processing, application, packaging and region. Canola oil application in bio-diesel is growing at faster rate due to increasing demand of bio-diesel. Brassica Rapa i.e. polish canola are in high demand due to its increased application personal care products and processed foods.

Access Report Details @ https://www.marketresearchfuture.com/reports/canola-oil-market-2752

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Market Research & Consulting Services.

MRFR team have the prime objective to provide optimum quality market research and intelligence services to our clients. Our market research studies depending on products, services, technologies, applications, end users, and market players for global, regional, and country level market segments enables our clients to know more consequently do more, which gives them answer for their each and every important  question.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meeting with industry experts and does industrial visits for its research analyst members.

Contact:

Akash Anand,

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: akash.anand@marketresearchfuture.com