Canola Oil Market Report 2021- 2026 - Top Companies, Market Trends, Growth and Opportunities
by Chris jackson Market ResearchAccording to the latest report by IMARC Group titled, “Canola oil
market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast
2021-2026”, the market reached a volume of 27.3 Million Tons in 2020.
Looking forward, the global canola oil market
to exhibit stable growth during the next five years
Some of the top manufacturers/ Key players in Canola oil market Include:
Archer-Daniels-Midland Company (ADM), Bunge Limited Bunge Limited (BG) Cargill
Inc.and James Richardson International, Louis Dreyfus Company etc.
Report Metric
Historical: 2015-2020
Base Year: 2020
Forecast Year: 2021-2026
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Industry and Application
Canola oil is a vegetable oil that is extracted from the bright yellow
flowers of rapeseed, belonging to the Brassicaceae family. Characterized by a
light texture and neutral taste, it is widely preferred for frying, grilling,
sautéing and baking a variety of dishes. It has exceptional nutritional value
as it is rich in vitamin E and K, monosaturated fats, and omega-3 and omega-6
fatty acids. Its consumption is widely associated with boosting metabolism,
improving skin texture, maintaining blood pressure, balancing cholesterol
levels, and reducing the chances of stroke and heart attack. Consequently,
canola oil is rapidly replacing conventionally used oils for cooking purposes
across households as well as commercial spaces, such as cafes, hotels and
restaurants.
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Market Trends:
Growing awareness regarding the increasing prevalence of cardiovascular disorders
(CVDs), coupled with the numerous health benefits of canola oil, has primarily
influenced the growth of the market. In line with this, hectic working
schedules and increasing consumer expenditure capacity have led to the
popularity of the dining-out trend. Numerous restaurants and food joints are
now utilizing healthy oils such as canola oil in their food to cater to the
health-conscious consumers, thereby creating a positive outlook for the market.
Furthermore, on account of the versatile properties of canola oil, it is now
being used across numerous industries for a wide array of applications. It is
employed in the manufacturing of plasticizers, skincare products as well as in
the production of biodiesel. Significant growth in the end use industries is
expected to provide a further stimulus to the market growth.
Market
Segmentation:
The report has segmented on the basis of application and packaging.
Performance by Applications
·
Cooking
·
Processed Foods
·
Lubricants
·
Personnel Care
·
Biofuels
·
Others
Breakup by Packaging
·
Cans
·
Drums
·
Bottles
·
Pouches
·
Others
Key highlights of the report:
·
Market Performance
·
Market Outlook
·
Porter’s Five Forces Analysis
·
Market Drivers and Success Factors
·
SWOT Analysis
·
Value Chain
·
Competitive Structure
·
Profiles of Key Players
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Created on May 13th 2021 02:03. Viewed 244 times.