The global rapeseed oil market is expected to record a CAGR of 4.6% during the forecast period. In 2023, the market size is projected to be USD 17.7 billion. The valuation is anticipated to be at USD 27.7 billion by 2033.
Significant factors that might surge the market growth:
The Rapeseed oil capsules market is expected to grow as the rapeseed oil assists in maintaining cholesterol. Thus, several players in the food industry have started making use of rapeseed oil capsules to specifically cater the health-conscious customers. Rapeseed oil is also rich in omega-3, which lowers blood pressure, and keeps the heart in a healthy condition.
The consumption of rapeseed oil assists in the efficient functioning of the gall bladder as well. The body can digest the rapeseed oil quite easily, which reduces the stress on the gall bladder. These factors are expected to increase the demand for rapeseed oil during the forecast period.
The manufacturers who are into the production of rapeseed oil have started adopting organic practices owing to their eco-friendly nature. Organic rapeseed oil eliminates the risk associated with pesticides, which is believed to be the main driver of the market. Thus, owing to high-level purity, the organic rapeseed oil market is expected to surge.
Chefs worldwide have started using rapeseed oil consistently as, apart from being nutrient-rich, it is flavorless. Thus, these are used for preparing dips, salad dressings, baking, etc. These also can maintain their properties even beyond 400 degrees C, which is expected to increase the smoked rapeseed oil market share. It is owing to this versatility that the chefs, especially in luxury hotels, are using rapeseed oil.
People nowadays are highly conscious when it comes to presenting themselves in front of the world. This has led to increased adoption of personal care products. Lots of personal care products are making use of rapeseed oil as it is a rich source of Vitamin E and antioxidants. Thus, the USD 450 billion worth of personal care market presents bright prospects for the sales of rapeseed oil.
However, the market growth might be challenged owing to the inception of genetically modified rapeseed oil. A lot of medical researchers have pointed out that these lead to allergies and in extreme cases cancer as well. Some manufacturers also process rapeseed oil as a cleansing process. But, the processing part drastically lowers the quantity of Vitamin E and antioxidants.
Europe is expected to hold the leading market share as per the regional analysis. Increased application of biodiesel, coupled with the presence of surging health-conscious customers is expected to surge growth. Moreover, the region has also been witnessing an increase in vegans, which is expected to further propel the growth.
| Attributes | Value |
|---|---|
| Rapeseed Oil Market Value (2022) | USD 16.9 billion |
| Rapeseed Oil Market Expected Value (2023) | USD 17.7 billion |
| Rapeseed Oil Market Forecast Value (2033) | USD 27.7 billion |
| Rapeseed Oil Market Expected CAGR (2023 to 2033) | 4.6% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
From fulfilling the taste buds to serving the nutritional requirements, rapeseed oil is no less than a panacea for mankind. Thus, a lot of players who are in the dietary supplements market have also started making use of rapeseed oil owing to its nutritional benefits. Thus, increased adoption by the key players in the USD 164 billion dietary supplements market is expected to surge the adoption of rapeseed oil. With a plethora being offered, FMI analysts are optimistic that the demand is expected to surge going ahead. While the historical CAGR for the market was 4.1%, the anticipated CAGR is 4.6%.
| Region | North America |
|---|---|
| Country | United States |
| CAGR (2023 to 2033) | 2.8% |
| Region | Europe |
|---|---|
| Country | France |
| CAGR (2023 to 2033) | 6.8% |
| Region | Europe |
|---|---|
| Country | United Kingdom |
| CAGR (2023 to 2033) | 3.8% |
| Region | Asia Pacific |
|---|---|
| Country | Japan |
| CAGR (2023 to 2033) | 4.4% |
| Region | Asia Pacific |
|---|---|
| Country | China |
| CAGR (2023 to 2033) | 5.4% |
The United States has been witnessing an increase in the adoption of rapeseed oil owing to the rising count of heart patients. Healthcare experts and dietitians are recommending heart patients consume rapeseed oil plants as these are a rich source of omega-3. As per CDC, close to 94 million people above the age of 20 are suffering from high cholesterol in the United States. Moreover. Numerous people in the United States are also suffering from vision problems. Thus, ophthalmologists are prescribing eye drops and medicines that make use of rapeseed oil. These factors are expected to surge the rapeseed oil plant market growth.
| Attributes | Details |
|---|---|
| United States Market Expected Size (2033) | USD 2.8 billion |
| United States Market Absolute Dollar Growth | USD 668.1 million |
| CAGR % 2017 to 2022 | 2.2% |
The United Kingdom is one of the dominant players in the bakery sector. In 2023, bread and bakery goods production is expected to hold a valuation of USD 8.4 billion in the United Kingdom. The key players in the bakery market are making use of rapeseed oil and are gradually replacing butter with these oils. One of the key benefits remains the fact that the cost of production may drastically come down. Secondly, rapeseed oil is healthier as compared to butter, as a result of which the scope of the audience to cater is expected to widen.
| Attributes | Details |
|---|---|
| United Kingdom Market Expected Size (2033) | USD 1.9 billion |
| United Kingdom Market Absolute Dollar Growth | USD 598.7 million |
| CAGR % 2017 to 2022 | 4.3%% |
France is currently one of the leading producers of biodiesel. An increase in the sales of zero-emission vehicles, coupled with the stringent measures taken by the government to reduce greenhouse emissions is expected to surge growth. Apart from that, the manufacturers from the automobile and automotive niche are particularly impressed with the ability to increase energy security and provide safety benefits. Biodiesel helps in extending the lifespan of the engine. Rapeseed oil is a crucial component that is employed in the production of biodiesel, which is expected to surge sales in France.
| Attributes | Details |
|---|---|
| France Market Expected Size (2033) | USD 3.6 billion |
| France Market Absolute Dollar Growth | USD 1.7 billion |
| CAGR % 2017 to 2022 | 6.5% |
China is the dominant player when it comes to the personal care market. In 2021, the revenue obtained from the personal care and cosmetics market was valued at USD 51 billion in China. Rapid urbanization and increasing disposable income have led to increased adoption of these products. A lot of these products also help in overcoming certain skin-related problems. Personal care products make use of rapeseed oil as it is a rich source of Vitamin E, which is used for maintaining a healthy condition of hair and skin.
| Attributes | Details |
|---|---|
| China Market Expected Size (2033) | USD 3.3 billion |
| China Market Absolute Dollar Growth | USD 1.3 billion |
| CAGR % 2017 to 2022 | 5% |
Japan has always been in the news for introducing innovative ways to manufacture different products. The manufacturers in Japan might be making use of the latest technologies, like automation and IoT to increase their production capabilities. These factors are expected to surge the production capacity by 10 times. Automation ensures that the workforce is put into operation in other critical areas of the rapeseed oil business. The application of IoT ensures that through coherence, the entire process is performed seamlessly. Such factors are expected to have a massive impact on sales.
| Attributes | Details |
|---|---|
| Japan Market Expected Size (2033) | USD 3.8 billion |
| Japan Market Absolute Dollar Growth | USD 1.3 billion |
| CAGR % 2017 to 2022 | 4% |
Principal Consultant
| Segment | Product Type |
|---|---|
| Attributes | Processed |
| CAGR (2017 to 2022) | 4.2% |
| CAGR (2023 to 2033) | 4.5% |
| Segment | End User |
|---|---|
| Attributes | Food Service |
| CAGR (2017 to 2022) | 4.3% |
| CAGR (2023 to 2033) | 4.6% |
| Attributes | Details |
|---|---|
| United States Market Expected Size (2033) | USD 2.8 billion |
| United States Market Absolute Dollar Growth | USD 668.1 million |
| CAGR % 2017 to 2022 | 2.2% |
| Attributes | Details |
|---|---|
| United Kingdom Market Expected Size (2033) | USD 1.9 billion |
| United Kingdom Market Absolute Dollar Growth | USD 598.7 million |
| CAGR % 2017 to 2022 | 4.3%% |
| Attributes | Details |
|---|---|
| France Market Expected Size (2033) | USD 3.6 billion |
| France Market Absolute Dollar Growth | USD 1.7 billion |
| CAGR % 2017 to 2022 | 6.5% |
| Attributes | Details |
|---|---|
| China Market Expected Size (2033) | USD 3.3 billion |
| China Market Absolute Dollar Growth | USD 1.3 billion |
| CAGR % 2017 to 2022 | 5% |
| Attributes | Details |
|---|---|
| Japan Market Expected Size (2033) | USD 3.8 billion |
| Japan Market Absolute Dollar Growth | USD 1.3 billion |
| CAGR % 2017 to 2022 | 4% |
The processed segment is expected to be highly preferred during the forecast period. The processed rapeseed oil ensures that the contaminants which were present during the production process are removed. This coupled with the increasing adoption of clean-label ingredients is expected to further drive the growth of this segment.
The food service segment is expected to hold the leading market share during the forecast period. Increased consumption of rapeseed oil owing to its nutritional benefits has led to the segment holding a higher market share. Moreover, a lot of chefs are also making use of rapeseed oil owing to its versatile nature. Healthcare specialists are recommending heart patients consume rapeseed oil as it helps in tackling bad cholesterol. People have also increased their intake of rapeseed oil as it helps them in maintaining healthy skin.
The start-ups are taking the best advantage of the widespread availability in certain parts of the world. Thus, they do not have to be shipped over thousands of miles. The start-ups are also developing methods to integrate rapeseed oil into animal feeds, which might be a game changer in the long run.
NapiFeryn Biotech: According to NapiFeryn Biotech, rapeseed is the next best plant-based protein. The start-up has been developing technology that is capable of extracting protein with sufficient quality and yield to make the process economically viable. Through the patented technology, the start-up has turned the seed of rapeseed into a protein powder called ‘Raptein’. This is done by extracting, purifying, and isolating pure forms of protein from the seed. In January 2023, NapiFeryn Biotech raised USD 2.5 million to launch its canola/rapeseed protein from large oil-pressing side streams.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The manufacturers who are operating in the market are establishing strategic collaborations with consumer banking corporations. The idea is to focus more on sustainability activities, which is expected to strengthen the foothold of the key players. The consumer banking corporation is ensuring that the manufacturers leverage their sustainable finance capabilities to support the business’ smoother transition. In January 2023, Standard Chartered supported Wilmar International with a USD 200 million sustainability-linked trade finance facility.
Important happenings in the market:
Leading market players:
| Company | Description |
|---|---|
| Wilmar | Wilmar was founded in 1991 and is headquartered in Singapore. The company is Asia’s leading agribusiness group. The core strategy is to have an integrated agribusiness model which encompasses the value chain of the agricultural commodity business. Wilmar has 500 manufacturing plants, and a massive distribution network covering India, Indonesia, China, and 50 other countries. Through scale, integration, and logistical advantages, the company can extract margins at every step of the value chain, thereby reaping operational synergies and cost efficiencies. |
| Interfat | Interfat directly assumes control of product quality compliance from its departure from the plant to delivery to the customer. This control also includes maritime, air, or land transport. The company also controls all the quality parameters once the product leaves the plant, upon arrival at our warehouses, and finally at the moment before delivery. To fully optimize the needs, the company has been serving all the products with the most suitable packaging according to the characteristics of the product. |
| Vioil | Vioil is one of the leading producers of bulk vegetable oil. Owing to its modern multicultural equipment, the company can process conventional and high-oleic sunflower seeds as well as rapeseed, soybeans, and flaxseed. Vioil group has received a certificate of environmental sustainability and greenhouse gas emissions, which allows the company to use rapeseed oil for biofuel production. Due to efficient logistics infrastructure, the Vioil products are well-known in Europe, Asia, South and North America, Africa, and Australia. |
Other key players profiled: Interfat, Geostroy Engineering Ltd.
The CAGR for the market is 4.6% until 2033.
From 2018 to 2022, the market expanded at a 4.1% CAGR.
The United States is estimated to reach USD 2.8 billion by 2033.
Wilmar, Interfat, and Vioil are the key market players.
The growing prevalence of heart diseases and the high adoption of biodiesel are the key opportunities.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product Type 4.1. Processed 4.2. Virgin 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Distribution Channel 5.1. Franchise Outlets 5.2. Modern Trade 5.3. Online 5.4. Specialty Stores 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End User 6.1. Food Processor 6.2. Food Service 6.3. Retail 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific Excluding Japan 7.5. Japan 7.6. Middle East and Africa 8. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Asia Pacific Excluding Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Wilmar International Limited 16.2. Oilio 16.3. Interfat 16.4. Vioil Group 16.5. Geostroy Engineering Ltd. 16.6. DLG Group 16.7. Scanola 16.8. Cargill 16.9. Biona Organic 16.10. Yorkshire Rapeseed Oil 16.11. Black and Gold 17. Assumptions & Acronyms Used 18. Research Methodology
Explore Food and Beverage Insights
View Reports
Rapeseed Oil Market
