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Pulished Date April, 2021
ID: 5581
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Canola Oil Market by Product Type (Extracted, Cold-Pressed), by Application (Oleo Chemicals, Biofuels, Food Industry), and Region, Market Share, In-Depth Analysis, Detailed Overview, and Forecast, 2021-2026

Pulished: April, 2021
ID: 5581
Pages: 175

Canola Oil Market Size, Share, and Growth Analysis 2021-2026:

Canola Oil Market size was anticipated at USD 31.8 million in 2020 and is estimated to reach an extent of USD 44.5 million by the end of the assessment period. The Canola Oil Market is projected to record a reasonable growth rate (CAGR) of 6.0% throughout the outlook period 2021-2026. Canola Oil Market is experiencing an increase in growth due to the increasing demand for canola oil due to its high nutrient content. Canola oil comprises a different fatty acid profile with low levels of saturated fatty acids, more monounsaturated fatty acids, and considerable levels of omega-3 and omega-6 fatty acids.

What is Canola Oil?

Canola (Brassica napus) is one of the top five oilseed crops grown worldwide and the leading oilseed crop in Canada. Canola oil is experiencing strong growth in the Canola Oil Market due to its high nutritional value and flavor.

The consumption of canola oil promotes good heart health, thanks to its fatty acids. Therefore, due to this critical aspect, most consumers around the world prefer canola oil in their daily use. Canola oil contains 7% saturated fat, which helps lower cholesterol in the human body. The global canola market is booming as it is a rich source of vitamin E, acting as an antioxidant that can protect the fat in the human body and proteins from free radicals. Taking all these factors into account, canola has become one of the world's essential oil crops. Canola oil is the third largest vegetable oil after palm and soybean oil in terms of volume.

Canola Oil Market Growth Factors:

Primary factors accounted for driving the market are increasing risk factors for cardiovascular diseases and increasing the 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, the expensive price of canola oil compared to other edible oils is the factor hindering the growth of the market.

An increase in cardiovascular disease cases has led to a large part of the population to focus on their health. Since canola oil is high in oleic acid, which helps reduce harmful cholesterol levels in the body, health-conscious consumers are increasingly using it as cooking oil. , thus stimulating the growth of the market. Due to the many benefits of canola oil, its demand is now increasing for stir-fries, grills, cakes, stir-fries, and as a salad dressing. A hectic lifestyle combined with high levels of consumer income has led to the tendency to eat out, which has spurred demand for canola oil in many restaurants. Canola oil is used in the cosmetic and skincare industries due to its anti-aging properties that help reduce acne, fine lines, wrinkles, and blemishes. In addition to that, it is also used in the haircare sector, as canola oil helps to straighten hair. 

Additionally, canola oil is used in the preparation of plasticizers to provide increased speed. The growth of these end-use industries creates new positive prospects for the global canola oil market. The residues obtained after the production of canola oil are used for livestock because they include a significant amount of amino acids and a low number of glucosinolates that help provide vitamins, minerals, and fiber to livestock. After soybean, canola meal is considered the second most crucial food meal in the world. Canola oil prices are comparatively higher than other edible oils available on the market, limiting its widespread adoption. However, the readily available substitute, soy, limits growth in the global canola oil market.

Canola Oil Market Drivers and Restraints:

The growing awareness of the health benefits of consuming canola oil and the increasing adaptation to a healthy lifestyle are the main factors driving the growth of the global canola oil market. Another factor driving the market growth is the growing demand for canola oil in the food industry. The increasing use of canola oil in the cosmetic industry for skin and hair care products and the expansion of the retail sector is also expected to support this business growth. The increasing use of canola oil in the chemical industry and for biofuels are additional factors that are expected to drive global canola oil market growth. However, the high prices associated with canola oil and its adverse effects on the liver and kidneys are considered as the principal factors supposed to restrict the growth of the global canola oil market in the future. Profitable development of canola oil and promotional activities that use social platforms to increase awareness of the health benefits of canola oil among people in developing countries can create high-income opportunities for business players

Recent Developments in Canola Oil Market:

  1. Richardson International has signed an agreement with Conagra Brands to purchase its Wesson line of canola and vegetable cooking oils. The agreement also includes Wesson's production facilities in Memphis, Tennessee. This 280,000-square-foot manufacturing facility will complement Richardson's food and ingredients division. Wesson's offering comprises vegetable oil, canola oil, corn oil, and blended oils.
  2. In November 2018, Conagra finds another buyer for its Wesson oil brand. Months after the agreement with J.M. Smucker, Richardson International agreed to acquire the business.
  3. According to FarmLink, China has found a way to get the Canadian vegetable oil it needs after avoiding direct imports from the country earlier this year. Canadian Grain Commission data for September shows that canola exports to the United Arab Emirates increased 533% from last year to 93,100 tonnes. Canadian canola is crushed, then oil is exported to China.
  4. The Federal Trade Commission filed an administrative complaint alleging that JM Smucker Co.'s proposed acquisition of $ 285 million of Wesson's cooking oil brand from Conagra Brands, Inc. "is likely to" significantly reduce competition or create a monopoly. 'In violation of the Clayton Law; "and thus reduce competition in the United States for vegetable and canola oils. Smucker currently owns the Crisco brand and, by acquiring the Wesson brand, would control at least 70% of the market for branded canola and vegetable oils sold to grocery stores and other retailers.
  5. Cargill announced the signing of an agreement with Dalmia Continental Pvt. Ltd (DCPL) for the acquisition of its Leonardo olive oil segment. Leonardo is the renowned brand in the olive oil segment and also a pioneer in establishing and improving the use of olive oil in India. Cargill Inc. has a strong presence in the olive oil segment across the globe, and this acquisition will create a unique opportunity for this enterprise.

Canola Oil Market Segmentation Analysis:

The global canola oil market is divided into cold-pressed canola oil and extracted canola oil by type. Cold-pressed canola oil is high in omega-three, which can help reduce the risk of heart disease, as well as linoleic acid. Omega-6s help promotes brain health. Cold-pressed canola oil is the safest type for cooking. Four health benefits of cold-pressed oil are low in saturated fat, balance omega three and omega four, contain vitamin E and natural plant sterols. Canola oil is produced in a processing facility by heating it slightly and then crushing the seeds.

The global canola oil market is divided based on the applications into the food industry, biofuels, and petroleum chemicals. Most of the people used canola oil for cooking in their area. The use of canola oil is huge compared to biofuels and oleochemicals. Canola oil is used in the food industry in various foods such as margarine, salad dressings, coffee whiteners, cake mixes, fried snacks, shortening, cookies, cooking sprays, creams, bread, etc. Canola oil is also used in inedible areas as biofuels and oleochemicals. It is also used in biofuels such as biodiesel, bioplastics, etc. Canola is generally the perfect oil for making biodiesel because it remains liquid at low temperatures and has a high energy content. Oleochemicals are chemical compounds industrially derived from animal or vegetable oils or fats. Canola oil is also used to make oleochemicals.

Regional Classification and Key Insights of the Canola Oil Market:

On the basis of the geographical segmentation, the Apocarotenal Market is segmented into different regions: North America (Canada, The U.S.), Latin America (Mexico, Brazil, Rest Of Latin America ), Western Europe (Germany, Italy, France, U.K, Spain, Netherlands, BENELUX, Nordic countries ), Eastern Europe ( Russia, Rest Of Eastern Europe), Asia Pacific (Japan, China, India and Rest of APAC), Latin America (Brazil, Mexico and Rest of Latin America), and Middle-East & Africa (GCC and Rest of MEA). 

North America leads the global Canola Oil Market and is expected to remain dominant towards the end of the forecast period. Canada, the world's largest producer of canola oil, is expected to contribute significantly to the growth of the region's canola oil market. In two thousand fourteen, the world production of canola oil was twenty-six million tons, led by China, Germany, and Canada as the leading producers that together represent forty-seven percent of the world total. Canada was the world's largest exporter of canola oil in 2000, exporting two point nine million tons, or approximately ninety-four percent of its total production. Europe has massively spent on infrastructure to use canola oil for biodiesel, fueled by EU policy initiatives on biodiesel.

The Asia Pacific region is also estimated to register a notable growth rate in the foreseen years because of the increasing investments in emerging economies like China, Japan, India, etc.

Impact of COVID-19 on Canola Oil Market:

The spread of COVID-19 has had a marginal impact on canola oil around the world. As the food & beverage crop was affected by the spread of COVID-19, it had an impact on the volume of canola oil production. In addition, demand is expected to increase and more closing stock will be used for the foreseen period. Manufacturers in the canola oil market face challenges in the supply of raw materials, as well as labor shortages in their manufacturing plants. Another major concern of exporters is the delay in the opening of ports around the world. Delayed loads, delayed ships, and slow port transactions will also affect the outlook for canola oil that has been present in the supply chain process. Furthermore, the retail sector has also been severely affected by this pandemic, which affected canola oil sales in the second quarter of 2020, which will see a recovery in the third and fourth quarters of 2020.

Leading Company:

Archer Daniels Midland Company had the largest share of the Canola Oil Market in terms of sales and revenue in 2018.

Top Leading Key Companies Covered in this market report are:

  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

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Canola Oil Market, By Product Type                 

                                6.1.1 Extracted 

                                6.1.2 Cold-Pressed         

                                6.1.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Canola Oil Market, By Application                     

                                6.2.1 Oleo Chemicals     

                                6.2.2 Biofuels    

                                6.2.3 Food Industry        

                                6.2.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Product Type   

                                7.2.3 By Application        

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Product Type   

                                7.3.3 By Application        

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Product Type   

                                7.4.3 By Application        

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Product Type   

                                7.5.3 By Application        

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Product Type   

                                7.6.3 By Application        

8. Key Player Analysis                                    

                8.1 The J.M. Smucker Company                

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Archer Daniels Midland Company                     

                8.3 Jivo Wellness Pvt. Limited                    

                8.4 Associated British Foods plc                

                8.5 Conagra Foods                          

                8.6 Cargill Inc                     

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms Application, region along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

 

  1. Global Canola Oil Market By Region, From 2021-2026 ( USD Million )
  2. Global Canola Oil Market By Application, From 2021-2026 ( USD Million )
  3. Global Cooking Use Market By Region, From 2021-2026 ( USD Million )
  4. Global Industrial Use Market By Region, From 2021-2026 ( USD Million )
  5. Global Others Market By Region, From 2021-2026 ( USD Million )
  6. North America Canola Oil Market By Application, From 2021-2026 ( USD Million )
  7. North America Cooking Use Market By Region, From 2021-2026 ( USD Million )
  8. North America Industrial Use Market By Region, From 2021-2026 ( USD Million )
  9. North America Others Market By Region, From 2021-2026 ( USD Million )
  10. United States Canola Oil Market By Application, From 2021-2026 ( USD Million )
  11. Canada Canola Oil Market By Application, From 2021-2026 ( USD Million )
  12. Europe Canola Oil Market By Application, From 2021-2026 ( USD Million )
  13. Europe Cooking Use Market By Region, From 2021-2026 ( USD Million )
  14. Europe Industrial Use Market By Region, From 2021-2026 ( USD Million )
  15. Europe Others Market By Region, From 2021-2026 ( USD Million )
  16. U.K. Canola Oil Market By Application, From 2021-2026 ( USD Million )
  17. Germany Canola Oil Market By Application, From 2021-2026 ( USD Million )
  18. France Canola Oil Market By Application, From 2021-2026 ( USD Million )
  19. Italy Canola Oil Market By Application, From 2021-2026 ( USD Million )
  20. Spain Canola Oil Market By Application, From 2021-2026 ( USD Million )
  21. Asia Pacific Canola Oil Market By Application, From 2021-2026 ( USD Million )
  22. Asia Pacific Cooking Use Market By Region, From 2021-2026 ( USD Million )
  23. Asia Pacific Industrial Use Market By Region, From 2021-2026 ( USD Million )
  24. Asia Pacific Others Market By Region, From 2021-2026 ( USD Million )
  25. Japan Canola Oil Market By Application, From 2021-2026 ( USD Million )
  26. China Canola Oil Market By Application, From 2021-2026 ( USD Million )
  27. India Canola Oil Market By Application, From 2021-2026 ( USD Million )
  28. Australia Canola Oil Market By Application, From 2021-2026 ( USD Million )
  29. South Korea Canola Oil Market By Application, From 2021-2026 ( USD Million )
  30. Latin America Canola Oil Market By Application, From 2021-2026 ( USD Million )
  31. Latin America Cooking Use Market By Region, From 2021-2026 ( USD Million )
  32. Latin America Industrial Use Market By Region, From 2021-2026 ( USD Million )
  33. Latin America Others Market By Region, From 2021-2026 ( USD Million )
  34. Brazil Canola Oil Market By Application, From 2021-2026 ( USD Million )
  35. Argentina Canola Oil Market By Application, From 2021-2026 ( USD Million )
  36. Mexico Canola Oil Market By Application, From 2021-2026 ( USD Million )
  37. Rest of Latin America Canola Oil Market By Application, From 2021-2026 ( USD Million )
  38. Middle East and Africa Canola Oil Market By Application, From 2021-2026 ( USD Million )
  39. Middle East and Africa Cooking Use Market By Region, From 2021-2026 ( USD Million )
  40. Middle East and Africa Industrial Use Market By Region, From 2021-2026 ( USD Million )
  41. Middle East and Africa Others Market By Region, From 2021-2026 ( USD Million )
  42. Middle East Canola Oil Market By Application, From 2021-2026 ( USD Million )
  43. Africa Canola Oil Market By Application, From 2021-2026 ( USD Million )

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