The North American Rapeseed Oil Market is worth $ 13.02 million in 2024 and is expected to grow to $ 15.94 million by the end of 2029, with a compound annual rate of 4.13% between 2024 and 2029.
Rapeseed Oil is extracted from rapeseed plants. It is edible vegetable oil with exceptional health and nutritional benefits. It is the world’s third largest source of vegetable oil.
Apart from producing vegetable oil, it is also used to produce biodiesel and animal feed. The oil contains high protein content, next only to soybean oil. It contains the lowest saturated fat of all vegetable oils and Vitamin E. Rapeseed oil finds its applications in many fields such as food processing and cosmetics and personal care products manufacturing. It is also used as a bio diesel as an alternative to fossil fuel diesel.
The increasing prevalence of cardiovascular diseases resulted in the need for products with low cholesterol content. Increase in demand for edible oils which contain low amount of saturated fatty acids is majorly expected to drive the rapeseed oil market. Changing lifestyles of consumers, an increase in demand for nutritional foods, and rising demand for healthy food are also expected to boost the rapeseed oil market. However, the lack of minerals and availability of other highly produced alternatives, such as soy and palm oils, are expected to hinder the market growth.
This research report on the North America Rapeseed Oil Market is segmented and sub-segmented into the following categories.
North America Rapeseed Oil Market - By Extraction Process:
The aqueous process holds the largest market share due to its cost-effectiveness and other advantages. Enzyme-based process is expected to be the fastest-growing segment as it increases the yield many times compared to the aqueous process.
North America Rapeseed Oil Market - By Application:
Food processing holds the largest market share as rapeseed oil contains high amounts of unsaturated fatty acids, resulting in low cholesterol.
North America Rapeseed Oil Market - By Region:
The U.S. leads the market due to the high consumption of rapeseed oil due to the health benefits acquired. It is also because the U.S has a huge population of people with cardiovascular diseases. Canada is the fastest-growing market for rapeseed oil as it is one of the largest producers of the oil.
KEY MARKET PLAYERS:
Major Key Players in the North America Rapeseed Oil Market are ConAgra Foods Inc., Cargill Incorporated, Mackintosh of Glendaveny, Ola Oils, Folba Oil Limited SDN, Bunge Limited, Marico Limited, Louis Dreyfus Company, Yorkshire Rapeseed Oil, Pacific Coast Canola, and The Archer Daniels Midland Company
Frequently Asked Questions
Factors such as increasing consumer awareness about the health benefits of rapeseed oil, its versatility in various culinary applications, and the rising demand for biofuels are driving the growth of the rapeseed oil market in North America.
Rapeseed oil is used in food products such as salad dressings, margarine, mayonnaise, and cooking oils. It is also utilized in non-food applications like biodiesel production, lubricants, and industrial applications.
Some key trends include the increasing adoption of genetically modified rapeseed varieties, growing demand for organic and non-GMO rapeseed oil, and expanding rapeseed cultivation areas in North America.
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