North America Canola Oil Market was estimated to be growing at a CAGR of 5.0% to be worth USD 33.71 in 2024 and 45.11 in 2029, in a given forecast period (2024 To 2029)
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 a rich source for 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 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.
This Research Report on North America Canola Oil Market is segmented and sub segmented into following categories:
Cooking Purposes
Industrial Uses
Others
North America Canola Oil Market - By End User:
Food Service sector
Manufacturing sector
Retail sector
United States of America
Canada
The USA 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. The USA is also the fastest-growing region due to increasing disposable income, growing awareness, and increasing adoption rate. Based on Application, Cooking purpose holds the major share in the market due to its higher smoke point than many other edible oils 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.
key market players of North America Canola Oil Market are Archer Daniels Midland Company,Associated British Foods, Burge, Cargill, Wilmar International, Conagra Foodservice, DalmiaShop, Huiles TITAN OILS, Jivo Wellness, Richardson International.
Frequently Asked Questions
Canola oil is a type of vegetable oil derived from the seeds of the canola plant. It is known for its mild flavor, high smoke point, and heart-healthy fatty acid profile.
Canola oil is low in saturated fat and high in monounsaturated fat, making it a heart-healthy choice. It also contains omega-3 fatty acids and vitamin E, which contribute to its nutritional profile.
Canola oil is widely available in grocery stores, supermarkets, and online retailers throughout North America, typically found in the cooking oil section alongside other vegetable oils.
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