Rapeseed Oil Market Revenue, Trends, Market Share Analysis and Forecast to 2031


Posted January 2, 2023 by Shubham_1510

The rapeseed oil market was valued at $20,836.1 million in 2020, and is estimated to reach $37,199.4 million by 2031, growing at a CAGR of 5.6% from 2022 to 2031.

 
Copra, cottonseed, palm kernel, peanut, soybean, sunflower seed, and rapeseed are major oil seeds used for extraction of vegetable oil. Rapeseed has higher oil content than any other oil seeds, and is thus cultivated for the extraction of vegetable oil for household, industrial purposes, and feedstock for bio-fuel production. Rapeseed contains 40% oil and is usually extracted by pre-pressing or by solvent extraction.

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The key players profiled in the report include The Archer Daniels Midland Company, Associated British Foods plc., Cargill Incorporated, ConAgra Foods, Inc. (CAG), CSS Estates, Mackintosh of Glendaveny, Ola Oils, Glencore Grain Investment LLC, RISOIL S.A., and Yorkshire (Breckenholme Trading Company).

Europe accounts for more than 60% of the produced rapeseed oil to manufacture bio-diesel. Thus, increase in consumption of rapeseed oil as a feedstock for bio-fuel is expected to drive the rapeseed oil market growth. The nutritional and health benefits associated with rapeseed oil have led to its evolution in the U.S., China, and India. However, high prices of rapeseed oil in these countries makes it uncompetitive for biodiesel production. Moreover, uncertainty in climatic conditions resulting in fluctuation of rapeseed prices, lower domestic production, and increase in compaction from other oil seeds, including soybean & palm kernel for producing vegetable oil may restraint the rapeseed oil industry growth.
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Country India
Categories Business
Last Updated January 2, 2023