Canola Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global canola oil market size reached 28.3 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 31.0 Million Tons by 2028, exhibiting a growth rate (CAGR) of 1.38% during 2023-2028.
Canola oil is an edible vegetable oil extracted from rapeseed, which belongs to the Brassicaceae family. It is a rich source of vitamin E, monosaturated fats, and omega-3 and omega-6 fatty acids. As compared to other vegetable oils, it contains lower amounts of trans- and saturated fats. Consequently, it offers numerous health benefits, such as reducing inflammation, improving metabolism, assisting in the overall development of infants, and protecting against heart attacks and strokes. Therefore, it is widely used in the preparation of various food products in both the commercial and the residential sectors.
The rising prevalence of cardiovascular diseases, in confluence with the growing health consciousness among individuals, represents one of the key factors fueling the global canola oil market growth. As canola oil contains a high amount of oleic acid that aids in lowering the cholesterol levels present in the body, it is increasingly being used as a cooking oil and salad dressing. Apart from this, it is employed in the personal care and cosmetics industries on account of its anti-aging properties, which assist in reducing fine lines, wrinkles and blemishes. Other than this, the residual obtained after the production of canola oil has significant amounts of amino acid and a low count of glucosinolates. Thus, it is utilized as livestock feed for providing vitamins, minerals and fiber to the animals, which in turn is anticipated to strengthen the market growth in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global canola oil market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on application and packaging.
Breakup by Application:
Cooking
Processed Foods
Lubricants
Personnel Care
Biofuels
Others
Based on the application, cooking represent the largest segments as canola oil is widely used for culinary purposes.
Breakup by Packaging:
Cans
Drums
Bottles
Pouches
Others
Currently, drums represent the most popular packaging type, holding the largest market share.
Regional Insights:
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
On the geographical front, Europe enjoys the leading position in the market on account of the rising prevalence of chronic diseases in the region.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are:
Archer Daniels Midland (ADM) Company
Bunge Limited
Cargill Inc.
Associated British Foods plc
Jivo Wellness Pvt. Ltd.
Arla Foods AmbA
Richardson International Limited
The J.M. Smucker Company
Wilmar International Inc
Key Questions Answered in This Report
1. What was the size of the global canola oil market in 2022?
2. What is the expected growth rate of the global canola oil market during 2023-2028?
3. What are the key factors driving the global canola oil market?
4. What has been the impact of COVID-19 on the global canola oil market?
5. What is the breakup of the global canola oil market based on the application?
6. What is the breakup of the global canola oil market based on the packaging?
7. What are the key regions in the global canola oil market?
8. Who are the key players/companies in the global canola oil market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Vegetable Oil Industry
- 5.1 Market Overview
- 5.2 Market Performance
- 5.2.1 Volume Trends
- 5.2.2 Value Trends
- 5.3 Market Breakup by Region
- 5.4 Market Breakup by End-Use
- 5.5 Market Breakup by Oil Type
- 5.6 Market Forecast
- 6 Global Canola Oil Market
- 6.1 Market Overview
- 6.2 Market Performance
- 6.2.1 Volume Trends
- 6.2.2 Value Trends
- 6.3 Impact of COVID-19
- 6.4 Price Analysis
- 6.4.1 Key Price Indicators
- 6.4.2 Price Structure
- 6.4.3 Price Trends
- 6.5 Market Breakup by Region
- 6.6 Market Breakup by Application
- 6.7 Market Breakup by Packaging
- 6.8 Market Forecast
- 6.9 SWOT Analysis
- 6.9.1 Overview
- 6.9.2 Strengths
- 6.9.3 Weaknesses
- 6.9.4 Opportunities
- 6.9.5 Threats
- 6.10 Value Chain Analysis
- 6.11 Porters Five Forces Analysis
- 6.11.1 Overview
- 6.11.2 Bargaining Power of Buyers
- 6.11.3 Bargaining Power of Suppliers
- 6.11.4 Degree of Rivalry
- 6.11.5 Threat of New Entrants
- 6.11.6 Threat of Substitutes
- 6.12 Key Market Drivers and Challenges
- 7 Performance of Key Regions
- 7.1 Asia Pacific
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 North America
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Europe
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Middle East and Africa
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Latin America
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 8 Performance by Application
- 8.1 Cooking
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Processed Foods
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Lubricants
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Personnel Care
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Biofuels
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 9 Breakup by Packaging
- 9.1 Cans
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Drums
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Bottles
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Pouches
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Others
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 10 Competitive Landscape
- 10.1 Competitive Structure
- 10.2 Market Breakup by Key Players
- 11 Canola Oil Manufacturing Process
- 11.1 Product Overview
- 11.2 Detailed Process Flow
- 11.3 Various Types of Unit Operation Involved
- 11.4 Mass Balance and Raw Material Requirements
- 12 Project Details, Requirements and Costs Involved
- 12.1 Land Requirements and Expenditures
- 12.2 Construction Requirements and Expenditures
- 12.3 Plant Machinery
- 12.4 Machinery Pictures
- 12.5 Raw Material Requirements and Expenditures
- 12.6 Raw Material and Final Product Pictures
- 12.7 Packaging Requirements and Expenditures
- 12.8 Transportation Requirements and Expenditures
- 12.9 Utility Requirements and Expenditures
- 12.10 Manpower Requirements and Expenditures
- 12.11 Other Capital Investments
- 13 Loans and Financial Assistance
- 14 Project Economics
- 14.1 Capital Cost of the Project
- 14.2 Techno-Economic Parameters
- 14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 14.4 Taxation and Depreciation
- 14.5 Income Projections
- 14.6 Expenditure Projections
- 14.7 Financial Analysis
- 14.8 Profit Analysis
- 15 Key Players Profiles
- 15.1 Archer Daniels Midland (ADM) Company
- 15.2 Bunge Limited
- 15.3 Cargill Inc.
- 15.4 Associated British Foods plc
- 15.5 Jivo Wellness Pvt. Ltd.
- 15.6 Arla Foods AmbA
- 15.7 Richardson International Limited
- 15.8 The J.M. Smucker Company
- 15.9 Wilmar International Inc
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook