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Asia Pacific Canola Oil Market By Application (Cooking And Industrial Use) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2022 to 2027

Published: January, 2022
ID: 5584
Pages: 145
Formats: report pdf report excel report power bi report ppt

Asia Pacific Canola Oil Market  Size and Growth Analysis:

Asia Pacific Canola Oil Market was worth USD XX million in 2022 and estimated to be growing at a CAGR of XX%, to reach USD XX million by 2027. Canola Oil is a vegetable oil extracted from rapeseed, which is low in euric acid.

Asia Pacific Canola Oil Market Overview:

Canola oil is used for both industrial purposes and cooking purposes. It is used as biodiesel for industrial purposes. It offers many health benefits like rich source for omega 3 and omega 6 fatty acids that are good for heart. It is the third largest oil crop in the world. It also helps in lowering the levels of bad cholesterol due to its high content of oleic acid.Primary factors accounted for driving the market are increasing risk factors for cardiovascular diseases and increasing population of individuals affected with cardiovascular diseases, shifting consumer focus and preference towards healthy diet and low fat oils and increasing awareness regarding the health benefits of canola oil. On the other hand, expensive price of canola oil compared to other edible oils is the factor hindering the growth of market.

Asia Pacific Canola Oil Market Segmentation:

The Asia Pacific market for Canola Oil is segmented based on

Application

Based on Application

  • Cooking purposes

  • Industrial use

Asia Pacific Canola Oil Market  geographical Analysis

  • China

  • India

  • Japan

  • South Korea

  • Australia

China holds the major share in the market due to the presence of market leaders as well as the extensive use of canola oil for cooking purposes. Australia is the fastest-growing region due to increasing disposable income, growing awareness, and increasing adoption rate.

Based on the Application, Cooking purpose holds a major share in the market due to its higher smoke point than much other edible oil and its use in multiple cuisines. The Industrial Use segment is the fastest-growing one based on the application due to the increasing use of canola oil as biofuel and uses in cosmetics.

Asia Pacific Canola Oil Market Key players:

  1. Archer Daniel Midland Company

  2. Associated British Foods

  3. Burge

  4. Cargill

  5. Wilmar International

  6. Conagra Foodservice

  7. DalmiaShop

  8. Huiles TITAN OILS

  9. Jivo Wellness

  10. Richardson International.

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