Europe Canola Oil Market

Europe Canola Oil Market Value and Growth Analysis:

Europe 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.

Europe Canola Oil Market Overview:

Canola Oil is a vegetable oil extracted from rapeseed, which is low in euric acid. 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 sources of omega 3 and omega 6 fatty acids that are good for the 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, the expensive price of canola oil compared to other edible oils is the factor hindering the growth of the market.

Europe Canola Oil Market Segmentation:

The Europe market for Canola Oil is segmented based on Application. divided into

• Cooking purposes

• Industrial use

Europe Canola Oil Market geographical analysis:

Based on geographical analysis, the market is divided into regions of

• U.K

• Germany

• France

• Italy

• Spain

U.K. holds the major share in the market due to the presence of market leaders as well as extensive use of canola oil for cooking purposes. Italy 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.

Europe 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