Rapeseed Oil Market Size, Share, Growth, Price Trends and Forecast Report
by Susan Hill Business ConsultantThe
global rapeseed oil market size is expected to reach USD
48.1 billion by 2025, according to a new report by Grand View Research, Inc.,
expanding at a CAGR of 4.7% over the forecast period. Growing popularity of
rapeseed oil as a functional ingredient due to its rich content of vitamin E
and essential fatty acids is projected to expand the market size in the
nutritional industry. Furthermore, rising awareness regarding biofuels at the
global level as a result of supportive government policies in developed
economies including U.S. and Germany to promote production and consumption of
naturally derived fuels is projected to open new avenues in the near future.
Food
processing is expected to reach more than USD 30.0 billion by the end of 2025.
Rising concerns over cardiovascular diseases among working class people at the
global level as a result of hectic lifestyle are expected to expand the scope
of nutritional enriched food products. As a result, the food processing
companies are expected to increase spending on the inclusion of low fat and
nutritional oilseeds including rapeseed as a functional ingredient in the
formulation of their finished goods.
As of 2018,
Asia Pacific was the largest rapeseed oil market, accounting for more than
40.0% share in terms of revenue and volume. Expansion of the middle class
income groups in emerging economies including China and India is expected to
expand the scope of rapeseed oil as a key constituent in formulation of various
nutritional products and personal care goods. Furthermore, in April 2017, the National
Commodity and Derivatives Exchange Ltd. (NCDEX) announced the trading for
rapeseed mustard oil cake. This initiative is expected to open new avenues for
new participants to enter the rapeseed oil value chain in the near future.
Some of the
key players operating in this market are Cargill, Incorporated, CCS Estates,
Ola Oils, Mackintosh of Glendaveny, Sodrugestvo, Archer Daniels Midland
Company, K. S. Oils Limited, SME Business Services Limited, and Walter Rau
Neusser. Various manufacturers are concentrating on new product development and
technological innovation as well as are investing in marketing campaigns to
expand their product portfolio.
Further key
findings from the report suggest:
- Based on
application, food processing accounted for 72.6% share of the global
revenue in 2018
- In terms of
revenue, the bio-fuel application segment in rapeseed oil market is
projected to ascend at a CAGR of 6.3% from 2019 to 2025. Demand for
personal care was pegged at 2.9 million tons in 2018
- In terms of
revenue, North America is expected to expand at the fastest CAGR of 6.7%
from 2019 to 2025.
Access
full research report on global rapeseed oil market:
www.grandviewresearch.com/industry-analysis/rapeseed-oil-market
Sponsor Ads
Created on Dec 10th 2019 06:46. Viewed 353 times.