North America Canola oil Market Size, Share & Industry Trends Analysis Report By Nature (Conventional, and Organic), By Application (Food Processing, Food Service, Households, and Others), By Country and Growth Forecast, 2023 - 2030
The North America Canola Oil Market would witness market growth of 3.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 6,778.7 Kilo Tonnes, showcasing a growth of 2.7% (2019-2022).
Canola oil is an important component in the cosmetics and personal care industries. Its emollient properties make it a prevalent component in skincare products like lotions, creams, and hair conditioners. It aids in hydrating and nourishing the epidermis and hair. It is also utilized in various industrial applications, including producing lubricants, bio-based plastics, and even manufacturing bio-based ink. Its biodegradability and renewability make it an attractive option in these applications.
Consumers are increasingly seeking healthier dietary options and clean-labeled products. This trend has encouraged the use of canola oil in food products, as it aligns with the demand for natural, non-GMO, and heart-healthy ingredients. Sustainability is a core focus of the market. From sustainable farming practices to reducing the carbon footprint of canola oil production, the industry is actively addressing environmental concerns. Increasingly, consumers prefer environmentally conscious products and are prepared to pay a premium for them.
The rise in North America's population and the associated demand for processed and convenience foods are key drivers of the food processing sector's expansion. As per the data provided by the United States Department of Agriculture, according to the U.S. Department of Commerce, Bureau of the Census's County Business Patterns, the United States had a total of 41,080 food and beverage processing plants in 2021. California had the highest number of food and beverage manufacturing plants, with 6,301 establishments. Texas and New York were prominent states in this sector, with 2,782 and 2,662 manufacturing plants, respectively. The ongoing growth in North America's food processing industry will help expand the market.
The US region dominated the North America Canola Oil Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $6.8 Billion by 2030. The Canada region is experiencing a CAGR of 6% during (2023 - 2030). Additionally, The Mexico region would exhibit a CAGR of 5.1% during (2023 - 2030).
Based on Nature, the market is segmented into Conventional, and Organic. Based on Application, the market is segmented into Food Processing, Food Service, Households, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Louis Dreyfus Company B.V., Cargill, Incorporated, Associated British Foods PLC, Archer Daniels Midland Company, Wilmar International Limited, Bunge Limited, Jivo Wellness Pvt. Ltd., American Vegetable Oils, Inc., Richardson International Limited and La Tourangelle, Inc.
Scope of the Study
Market Segments covered in the Report:
By Nature (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Conventional
- Organic
- Food Processing
- Food Service
- Households
- Others
- US
- Canada
- Mexico
- Rest of North America
- Louis Dreyfus Company B.V.
- Cargill, Incorporated
- Associated British Foods PLC
- Archer Daniels Midland Company
- Wilmar International Limited
- Bunge Limited
- Jivo Wellness Pvt. Ltd.
- American Vegetable Oils, Inc.
- Richardson International Limited
- La Tourangelle, Inc.
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Canola oil Market, by Nature
- 1.4.2 North America Canola oil Market, by Application
- 1.4.3 North America Canola oil Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. North America Canola oil Market by Nature
- 4.1 North America Conventional Market by Country
- 4.2 North America Organic Market by Country
- Chapter 5. North America Canola oil Market by Application
- 5.1 North America Food Processing Market by Country
- 5.2 North America Food Service Market by Country
- 5.3 North America Households Market by Country
- 5.4 North America Others Market by Country
- Chapter 6. North America Canola oil Market by Country
- 6.1 US Canola oil Market
- 6.1.1 US Canola oil Market by Nature
- 6.1.2 US Canola oil Market by Application
- 6.2 Canada Canola oil Market
- 6.2.1 Canada Canola oil Market by Nature
- 6.2.2 Canada Canola oil Market by Application
- 6.3 Mexico Canola oil Market
- 6.3.1 Mexico Canola oil Market by Nature
- 6.3.2 Mexico Canola oil Market by Application
- 6.4 Rest of North America Canola oil Market
- 6.4.1 Rest of North America Canola oil Market by Nature
- 6.4.2 Rest of North America Canola oil Market by Application
- Chapter 7. Company Profiles
- 7.1 Louis Dreyfus Company B.V.
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Recent strategies and developments:
- 7.1.4.1 Product Launches and Product Expansions:
- 7.1.5 SWOT Analysis
- 7.2 Cargill, Incorporated
- 7.2.1 Company Overview
- 7.2.2 Recent strategies and developments:
- 7.2.2.1 Geographical Expansions:3
- 7.2.3 SWOT Analysis
- 7.3 Associated British Foods PLC (Wittington Investments Limited)
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expense
- 7.3.5 SWOT Analysis
- 7.4 Archer Daniels Midland Company
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expense
- 7.4.5 Recent strategies and developments:
- 7.4.5.1 Partnerships, Collaborations, and Agreements:
- 7.4.6 SWOT Analysis
- 7.5 Wilmar International Limited
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 SWOT Analysis
- 7.6 Bunge Limited
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expense
- 7.6.5 Recent strategies and developments:
- 7.6.5.1 Partnerships, Collaborations, and Agreements:
- 7.6.6 SWOT Analysis
- 7.7 Jivo Wellness Pvt. Ltd.
- 7.7.1 Company Overview
- 7.7.2 SWOT Analysis
- 7.8 American Vegetable Oils, Inc.
- 7.8.1 Company Overview
- 7.8.2 SWOT Analysis
- 7.9 Richardson International Limited (James Richardson & Sons, Limited)
- 7.9.1 Company Overview
- 7.9.2 SWOT Analysis
- 7.10. La Tourangelle, Inc.
- 7.10.1 Company Overview
- 7.10.2 SWOT Analysis
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