Canola oil is extracted from rapeseed from the Brassicaceae plant family. Canola oil is consumed in many industrialized nations and its benefits are enormous as it comes from a health promoting family of plants. It is also used in biodiesel and also in cosmetic products like lipsticks, in newspaper oil, lubricants and even candles. Industrial benefits coupled with health benefits make this a more adopted product and its usage is on the rise.
The canola oil usage has been rising since past few years. Owing to its increased demand, the production of canola oil has risen tremendously. The canola oil market witnesses a good growth pattern owing to several aspects which are responsible for driving the progress ratio. The benefits of canola oil are tremendous, especially for heart ailments.
The omega 3 and omega 6 fatty acids present in the canola oil facilitate good heart health. Owing to this important aspect, a majority of population across different regions are preferring canola oil in their day to day usage. The main factor fuelling the canola oil market growth is the fattening awareness about canola oil benefits. It also helps in lowering bad cholesterol without altering the good cholesterol.
Cosmetic application is another important factor, as canola oil is largely used in cosmetics owing to the benefits it provides. Certain body lotions are also prepared which contain canola oil. It provides anti-aging properties and is used to control wrinkles, acne, blemishes as well as fine lines. However, the higher pricing of canola oil along with soya bean which is a substitute to canola oil and is readily available, can challenge the growth of the canola oil market. The global canola oil market is expected to grow at a CAGR of 3.2% over the period of forecast, 2017 to 2022.
The canola oil market is thoroughly analyzed by including all the major segments involved in the market. A detailed segmentation is shown below which will give a brief idea about the essentials included in the comprehensive canola oil market research report.
Europe Witnesses Dominance Among all the Other Regions
The European region is favorable for the canola oil market and since past few years Europe has been showing increased consumption of canola oil. The canola oil market in Europe is expected to increase at a CAGR of 4.7% over the forecasted period of 2017 to 2022, which reflects above average growth of canola oil in this region.
Following Europe, Asia Pacific excluding Japan (APEJ) also shows good growth for the canola oil market. The European region is favorable for all the segments considered in the research study and dominates all other regions in each aspect.
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Processed Segment Surpasses the Virgin Segment by Product Type
The processed segment by product type is expected to grow at a rapid pace to reach a CAGR of 4.2% during the forecasted period of 2017-2022 as compared to the virgin segment which shows an average growth rate. The revenue share of the processed segment during 2017 is more than double of the revenue share reflected by the virgin type and is expected to maintain this higher revenue share or even grow owing to increased BPS it enjoys.
Specialty Stores Outshines Every Other Distribution Channel
Modern trade and franchise outlets segments in the distribution channel witness a loss in the BPS by the end of 2022. Moreover, the emerging online segment reflects an above average growth rate during the forecasted period and an increase in the BPS. The specialty segment outruns all these segments in terms of BPS as well as growth rate during the period of forecast. It is poised to reflect the highest CAGR of 4.4% and a higher gaining of BPS by the end of 2022.
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The comprehensive research report on the global canola oil market includes the profiles of all the major key players present in the market, giving information about their product portfolios, innovations, recent developments, expansions, mergers and acquisitions, global presence, market shares, strategies etc. To name a few key players - The Adani Wilmar Ltd., Ruchi Soya Industries Ltd., Associated British Foods (Ach), Archer Daniels Midland Company, Bunge Limited, Borges Mediterranean Group, Cargill Inc., Fuji Vegetable Oil Inc., Adams Group and American Vegetable Oils Inc.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR
Global Canola Oil Market: Taxonomy
Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
In its recent report, Fact.MR offers a comprehensive perspective on the global canola oil market across few targeted regions. Shifting consumer focus towards natural and health friendly products, such as canola oil which has several health benefits, along with its use in inks, lubricants, cosmetics, candles, etc., will have a positive influence on the demand for canola oil products in the near future. The report focuses on the provision of in-depth research and detailed insights about global canola oil market for the forecast period 2017 to 2022.
The prime focus of Fact.MR’s report is to provide readers with an unbiased and accurate analysis of current market status of canola oil, along with future growth estimations. Canola oil producers, suppliers, and distributors in the global market will benefit from the insights offered in this report. A detailed discussion guide has been formulated in this report, which can attract the interest of top trade magazines and journals related to canola oil.
The report commences by providing an executive summary, market dynamics and market taxonomy, underlining the factors which influence growth of the global canola oil market. This executive summary offers the foundation on which the report is based, providing users with scope of the report. The executive summary contains key statistics and facts impacting the global canola oil market.
This section offers a detailed view of the global canola oil market, comprising the market introduction, along with the standard definition of product – canola oil. Market value as well as year-over-year expansion is offered to readers in this section. Y-o-Y growth enables readers to view broader aspects of growth patterns during the forecast period.
This section also details the drivers, restraints, opportunities and key trends influencing the market growth based on perspectives of macroeconomic, demand, and supply sides. Impact analysis of the weighted average model-based expansion drivers is included in the report for the provision of better decision-making insights to clients.
To offer readers with latest information about advancements in the global canola oil market, updates about opportunities benefitting leading canola oil producing companies are offered in the report. Continuous evolution of the food & beverages sector necessitates keeping record of upcoming and recent developments and trends which are fundamental for canola oil producers to formulate and adopt key business strategies. The detailed analysis pertaining to list of distributors, pricing analysis, raw material sourcing, cost structures, and supply chain are offered in this section.
By considering the global canola oil market, and provide an in-depth analysis, Fact.MR’s report offers segment-wise analysis and forecast. The canola oil market is categorized on the basis of product type, end user, distribution channel and region. Segmentation analysis offered is comprehensive, along with the detailed country-wise forecast offered on all parameters.
The report’s last section emphasizes on the competitive landscape of the global canola oil market, providing readers with the dashboard of company analysis as well as the market players. Competitive intelligence provided by the report is based on providers’ categories in the value chain, and their presence in the global canola oil market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
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