Rapeseed Oil Industry sales are estimated to reach a value of US$ 37.7 billion by 2033

Fact.MR's analysis of the rapeseed oil market delves into crucial growth factors influencing sales over the next decade. The comprehensive report provides detailed insights into key drivers, opportunities, strategies of major players, and the sales outlook for the rapeseed oil market, examining trends in product types, end-users, distribution channels, and regions for the forecast period spanning 2023 to 2033.

The global rapeseed oil market is projected to reach a value of US$ 22.8 billion in 2023, with an anticipated revenue generation of US$ 37.7 billion by 2033, growing at a CAGR of 5.1% between 2023 and 2033.

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The popularity of rapeseed as an ingredient has soared in recent years due to the release of various products, catering to consumers seeking natural and healthful components. Rich in polyphenols, antioxidants, vitamins, and minerals, rapeseed oil offers excellent nutritional value, driven by the demand for organically sourced products with a focus on functionality and health.

Moreover, rapeseed oil finds extensive use in personal care items such as lotions, creams, and oils, apart from its applications in the food industry. The inclusion of vitamin E and antioxidants in cosmetic products contributes to scar reduction, hair restoration, and the treatment of skin conditions like eczema and acne, promoting healthy skin. This diversification is expected to boost global rapeseed oil sales.

In terms of application, the study highlights that rapeseed oil is widely used in food processing, with the majority of market revenue expected to be generated from this segment. Cold-pressed rapeseed oil has gained recognition as a pure natural product produced without the addition of chemicals, preservatives, colors, or dissolving agents.

The Asia Pacific region is predicted to hold the highest market share globally, driven by substantial consumption in Asian countries and the thriving food service industry. Meanwhile, the U.S. is expected to emerge as the most lucrative market, fueled by increasing demand for healthy food alternatives in response to the rising prevalence of lifestyle disorders such as diabetes and obesity.

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Key Insights from the Market Study:
The U.S. is projected to grow at a robust CAGR of 7% between 2023 and 2033.
Europe is poised to expand at a CAGR of 5% throughout the forecast period.
The virgin segment is expected to exhibit a growth rate of 6% CAGR in the upcoming decade based on product type.
Asia Pacific is anticipated to hold a lion's share in the rapeseed oil market over the assessment period by region.
The food service segment is poised to hold a sizeable portion in the rapeseed oil market in terms of application.

Growth Drivers:
Increasing awareness of the health benefits of rapeseed oil consumption, such as low cholesterol levels.
Growing utilization of rapeseed oil for biofuel applications.
Rising demand for eco-friendly and sustainable fuels, presenting lucrative opportunities for the market.

Restraints:
Potential hindrance from the growing production of alternative oilseeds like palm oil and soybean oil.
Excessive consumption of rapeseed oil leading to inflammation, potentially restricting sales.

Competitive Landscape:
The study reveals that key companies are introducing various customized products with different nutritional values and clean-label ingredients to meet consumer demand. To diversify their product offerings, many players are engaging in digital marketing campaigns on social media and collaborating with e-commerce platforms to enhance brand recognition.

For example:
In March 2022, ChemPoint and Cargill, Inc. entered a partnership to distribute, market, and sell natural-derived, plant-based rapeseed oil methyl ester Agri-PureTM AP-406 throughout EMEA, aiming to enhance the entire experience for Cargill's Agri-PureTM customers.

In April 2021, SNCF Voyageurs, in collaboration with the Normandy area, tested rapeseed oil as a substitute for diesel fuel on trains operating the Paris-Granville route for three months.

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Key Companies Profiled by Fact.MR:
American Vegetable Oils Inc.
Cargill Inc.
Louis Dreyfus Company
Adani Wilmar Ltd.
Grief Inc. (Olympic Oils Limited)
Associated British Foods plc.
Bunge Limited
Adams Group Inc.
Marico Limited
Fuji Oil Holdings Inc.
Archer Daniels Midland Company
Borges International Group S.L.U
Ruchi Soya Industries Limited
ConAgra Foods (Agrotech Foods Ltd).

Key Questions Covered in the Rapeseed Oil Market Report:
What is the projected value of the rapeseed oil market in 2023?
At what rate will the global rapeseed oil market grow until 2032?
Which factors are hampering the growth of the rapeseed oil market?
Which region is expected to lead the global rapeseed oil market during 2023-2033?
What factors are driving the rapeseed oil market during the forecast period?
What is the expected market value of the rapeseed oil market during the forecast period?

Related Reports:
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https://www.factmr.com/report/91/coconut-oil-market

Lemon oil shipments are forecasted to rise at 4.8% CAGR from 2023 to 2033
https://www.factmr.com/report/99/lemon-oil-market

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This release was published on openPR.