Rapeseed Oil Market
Rapeseed Oil Market Analysis By Product Type (Processed, Virgin), By Distribution Channel (Online Channels, Modern Trade, Franchise Outlets, Specialty Stores), By End User (Food Services, Food Processors, Retail) - Global Market Insights 2023 to 2033
Analysis of Rapeseed Oil market covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Rapeseed Oil Market Outlook (2023-2033)
Presently, worldwide sales of rapeseed oil account for a revenue of US$ 22.8 billion and are forecasted to reach US$ 37.7 billion by the end of 2033. The global rapeseed oil market is predicted to exhibit expansion at 5.1% CAGR over the next ten years.
Demand for various cooking oils such as sunflower oil, canola oil, rapeseed oil, and olive oil has increased rapidly in the past few years owing to the expansion of the food processing and food service industries. Increasing demand for processed and fried foods is a key prospect that is projected to uplift shipments of rapeseed oil for frying.
Cold-pressed rapeseed oil, refined rapeseed oil, organic rapeseed oil, and extra virgin rapeseed oil are some of the popular products being sold in the industry at present. Changing consumer preferences, increasing disposable income, growing focus on health, adoption of healthy diets, and increasing awareness about the health benefits associated with rapeseed oil consumption are other factors that shape market evolution.
Growing demand for sustainable and eco-friendly fuels is expected to provide a highly remunerative growth scope for new as well as established rapeseed oil suppliers over the coming years. Increasing investments in sustainable biofuel research and development are expected to bolster demand for rapeseed oil through 2033.
On the flip side, fluctuations in the supply chain and increasing production of other oilseeds such as palm and soybean are prospects that could potentially impede market development in the future.
- In June 2022, Cargill, a leading American food organization, announced its plans to close its rapeseed crush facility in Hull, Eastern England, which has been operating since 1985. The company took this decision in response to the dropping production of rapeseed in Britain in recent years.
Find more recent developments and useful insights about the market from this updated rapeseed oil research survey by Fact.MR, a market research and competitive intelligence provider.
Market Size in 2023
US$ 22.8 Billion
Projected Market Value (2033F)
US$ 37.7 Billion
Global Market Growth Rate (2023-2033)
Virgin Segment Market Growth Rate (2023-2033)
United States Market Growth Rate (2023-2033)
Europe Market Growth Rate (2023-2033)
Key Companies Profiled
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Competitive landscape highlights only certain players
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How is Innovation Paving the Way for Start-up Companies?
“Increasing Investments in R&D and Supportive Initiatives to Promote Innovation”
Upcoming rapeseed oil manufacturers can benefit from various start-up support programs backed by established market players to promote innovation in the marketplace.
- In July 2022, Repsol Foundation, a business accelerator selected Nuspec Oil and four other start-ups to receive benefits such as financial support for a year and testing opportunities at Repsol. Nuspec Oil is focusing on advancing the commercialization of rapeseed oil and also develops bio-based base oils.
Aspiring rapeseed oil companies are also focusing and raising new capital to advance their research and boost expansion capacity to compete with established market players.
- In September 2021, Holiferm, a biotech start-up based in the United Kingdom received a US$ 7 million investment. The company had plans to use this capital to build a commercial biosurfactant plant and commercialize its sustainable manufacturing process.
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Is Sustainability Decisive for Rapeseed Oil Industry Development?
“Growing Demand for Biofuels to Drive Market Evolution”
Awareness about climate change and global warming has increased exponentially in recent years and this trend is projected to primarily drive demand for sustainable biofuels. Rapeseed oil has the potential to reduce carbon emissions and be used as a sustainable fuel as well.
Furthermore, pure rapeseed oil can also be used for climate variability in forests, water protection, and soil maintenance. All of the aforementioned factors and the rising focus on sustainability are expected to bolster demand for rapeseed oil through 2033.
Which is the Most Rewarding Market in North America?
“United States to Spearhead Rapeseed Oil Sales in North American Region”
The high prevalence of lifestyle diseases such as obesity, diabetes, and the growing incidence of chronic disorders have led to an increased demand for healthy food alternatives. The aforementioned factor is anticipated to be a prime factor driving the consumption of rapeseed oil in the country over the coming years. Organic rapeseed oil and cold-pressed rapeseed oil are anticipated to be popular products in the country.
Rising focus on health and fitness, rising use of rapeseed oil in cosmetics manufacturing, and increasing investments in research and development are other aspects that are predicted to alter the demand for various cooking oils such as virgin canola oil, smoked rapeseed oil, etc. in the United States across the forecast period. Shipments of rapeseed oil in the U.S. are forecasted to progress at 7% CAGR over the next ten years.
Why Should Rapeseed Oil Manufacturers Invest in Japan?
“Adoption of Healthy Lifestyles and Increasing Disposable Income”
People in Japan and other Asian countries have become more aware of their health and fitness in recent years and this is expected to be a prominent factor influencing demand for cold-pressed rapeseed oil. High use of rapeseed oil in the food processing industry, growing demand for healthy foods, increasing per capita disposable income, and rising focus on sustainability are other prospects that
However, the high popularity of vegetable oils such as sunflower oil, canola oil, mustard oil, etc., is expected to inhibit rapeseed oil consumption in Japan throughout the forecast period. All of the aforementioned prospects are anticipated to determine the future of the rapeseed oil industry in Japan through 2033.
Why are Rapeseed Oil Suppliers Lining Up in Europe?
“Growing Focus on Sustainability to Boost Demand for Rapeseed Oil”
European countries have been leading the charge against global warming and climate change by deploying various innovative sustainability initiatives and implementing stringent mandates to reduce the use of fossil fuels. Rising investments in the development of biofuels and the increasing use of rapeseed oil for biofuel applications are expected to bolster market potential in the United Kingdom, Germany, and France.
Moreover, high production of various types of oilseeds and initiatives to reduce carbon emissions are also projected to favor rapeseed oil demand in the future. Organic rapeseed oil sales are also expected to witness a hike across the forecast period owing to rising demand for organic foods and the adoption of healthy lifestyles in several European countries. Canola oil, extra virgin rapeseed oil, and virgin olive oil are projected to be popular edible oils in the European region.
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Which Type of Rapeseed Oil is Most Popular?
“Virgin Rapeseed Oil to Account for Dominant Market Share”
Based on product type, the market for rapeseed oil is segmented into virgin and processed.
Virgin oils are witnessing a hike in popularity and preference from several consumers across the world owing to their healthy nature. Virgin edible oils are seen as rich sources of energy and increase the body’s internal temperature to shield the organs from damage. Virgin rapeseed oil is low in saturated fats but high in unsaturated fats, which is expected to drive its demand over the coming years across the world.
Extra virgin rapeseed oil is also rich in omega 3, 9, and 6, along with vitamins K and E. Increasing adoption of healthy lifestyle choices and growing focus on fitness are other factors that are slated to drive consumption of virgin rapeseed oil at 6% CAGR over the next ten years.
Growing focus on sustainability has led to an exponential rise in demand for fossil fuel alternatives and this is projected to be a prominent trend propelling sales of rapeseed oil since it is being explored as an alternative biodiesel to replace its fossil counterpart.
Rapeseed oil manufacturers are expected to invest in research and development to explore this untapped potential use of rapeseed oil in the future.
- In April 2021, SNCF Voyageurs announced the launch of a three-month trial to use rapeseed oil instead of diesel fuel on all trains operating on the Paris-Granville line. The B100 oil made from 100% rapeseed oil claimed to cut particulate pollution by 80% and CO2 emissions by 60% as compared to diesel was used in this trial.
Rapeseed oil vendors are also focusing on expanding their business potential through new mergers, acquisitions, collaborations, and partnerships.
- In April 2022, Mackintosh of Glendaveny, a leading rapeseed oil producer in the United Kingdom announced the acquisition of Untitled Oats, a startup providing Scottish oats in a sustainable manner. The company expanded its business scope through this acquisition.
- In April 2022, a factory called “Selenge” in Northern Mongolia signed an agreement with Dansuk Industrial Co. Ltd., South Korea to export rapeseed oil. This is the first time that Mongolia will be exporting cooking oil. In the first stage of the deal, Selenge was projected to export 800 tons of rapeseed oil to South Korea.
Key Segments of Rapeseed Oil Industry Research
By Product Type :
By End User :
- Food Services
- Food Processors
By Distribution Channel :
- Online Channels
- Modern Trade
- Franchise Outlets
- Specialty Stores
By Region :
- North America
- Latin America
- FAQs -
The global rapeseed oil market accounts for US$ 22.8 billion in 2023.
By 2033-end, rapeseed oil sales are estimated to reach a value of US$ 37.7 billion.
Rapeseed oil demand is projected to evolve at 5.1% CAGR from 2023 to 2033.
Product type, end user, distribution channel, and region are key segments of the market.
Food processors are anticipated to be the prime end users of rapeseed oil.