Canola Oil Market Analysis & Forecast 2024-2030

Global Canola Oil Market is expected to reach USD 30572.16 million by 2030 with CAGR of 5.3% between 2024 and 2030

Overview

Canola oil is edible vegetable oil obtained from the seeds of canola that is high in monounsaturated fatty acids. Canola oil is a vegetable oil extract from a variety of rapeseed. That rapeseed is low in erucic acid, as opposed to colza oil. Canola oil is produce at a processing facility by slightly heating and then crushing the seed. Nearby all commercial canola oil is then obtain by using hexane solvent which is recovered at the end of processing and at end the canola oil is refined using water rain and organic acid to remove gums and free fatty acids.  

The average density of canola oil is zero point ninety two g/ml. Canola vegetable oils is also available in organic. Canola oil is treated safe for human utilization and has low amount of saturated fat and substantial amount of monounsaturated fat, with roughly a two ratio one mono to poly-unsaturated fats ratio. Canola oil is not risky for health and its utilization in food-grade forms is usually recognized as safe by the United States Food and Drug Administration. Canola oil reduce blood LDL cholesterol levels and heart disease risk as compared to carbohydrates or saturated fats such as found in butter.  

Generally, India is a new market for canola oil. Canola oil is in demand by cosmetic industry as it helps in minimizing wrinkles, blemishes, and spots. The growth of the cosmetics industry is poised to drive the growth of the canola oil market in the upcoming years. The rising prevalence of health-related issues such as cardiovascular diseases due to high cholesterol is likely to fuel demand for canola oil in the upcoming years. The global canola oil market has been segmented into cans, drums, bottles, pouches, and others. The increasing demand for food with low cholesterol content and low levels of unsaturated fatty acid is expected to boost the growth of the canola oil market.  

Product type & Competitive analysis

Global Canola Oil Market is divided into cold-pressed canola oil and extracted canola oil. Cold press Canola oil is high in omega-three which may help in lowering the risk of heart disease and plus linoleic acid. The omega-six helps to promote brain health. Cold presses canola oil is the safest type to use for cooking. Four health benefits of cold pressed oil are low saturated fat, balance of omega three and omega four, contains vitamin E, and naturally occurring plant sterols. Canola oil is produce at a processing facility by slightly heating and after that crushing the seed. Nearby all commercial canola oil is then extracted using hexane solvent which is recovered at the end of processing.  

Application & Regional analysis

Application analysis of study include, the canola oil is divided into three applications which are as follows: food industry, biofuels, and oleo chemicals. Canola oil is largely used in food industry. Most of the people used canola oil for cooking in their areas. The use of canola oil is huge as compared to biofuels and oleo chemicals. Canola oil is used in food industry in different foods like Margarine, Salad dressings, Coffee whiteners, Cake mixes, Fried snack foods, Shortening, Cookies, Cooking sprays, Creamers, Breads etc. canola oil is also used in non-edible areas like biofuels and oleo chemicals. Canola oil is also used in Biofuels like biodiesel, bio-plastics etc. Canola is usually the perfect oil for making biodiesel as it remains liquid to low temperatures and has a high energy content. Oleo chemicals is a chemical compound derived industrially from animal or vegetable oils or fats. Canola oil is also used to produce the oleo chemicals.  

On the basis of geographical analysis, the canola oil is split into various regions of the world such as United State, China, Japan, Europe, India, and Southeast Asia. North America is leading the global market and is likely to retain its dominance towards the end of the forecast period. Canada, which is the first and the largest producer of canola oil, is expected to contribute significantly towards the growth of the canola oil market in the region. In two thousand fourteen, the world production of canola oil was twenty six million tons, led by China, Germany, and Canada as leading producers accounting together for forty seven percent of the world total. Canada was the world's largest exporter of canola oil in two thousand sixteen, exporting two point nine million tons or approximately ninety four percent of its total production. Europe has spent massively in infrastructure to use canola oil for biodiesel, spurred by EU biodiesel policy initiatives.  

Global Canola Oil Market Report : Product Type

• Cold-pressed Canola Oil
• Extracted Canola Oil

Global Canola Oil Market Report : Application

• Food Industry
• Biofuels
• Oleo Chemicals

Global Canola Oil Market Report : Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Canola Oil Market Report :

• Louis Dreyfus Company
• ADM
• Cargill
• Bunge
• Richardson Oilseed
• Viterra
• Al Ghurair
• CHS
• Pacific Coast Canola (PCC)
• Oliyar
• Wilmar International
• COFCO
• Chinatex Corporation
• Maple Grain and Oil Industry
• HSGC
• Zhongsheng
• Allstar
• H-Best
• Yingcheng Oil Company
• Daodaoquan

Geographical analysis of Global Canola Oil Market Report :

• North America
  • U.S.A
  • Canada
• Europe
  • France
  • Germany
  • Spain
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
• Latin America
  • Brazil
• Middle East and Africa

Global Canola Oil Market Report delivers a comprehensive analysis of the following parameters:

• Market Forecast for 2024-2030
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis
• End user/application Analysis

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