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Rapeseed Oil Market Trends

Report ID: GMI10893
Published Date: Aug 2024
Report Format: PDF

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Rapeseed Oil Market Trends

In the rapeseed oil industry, trends indicate a pivot towards organic and non-GMO products, spurred by consumers' rising preference for natural and healthier choices. According to the United States Department of Agriculture (USDA), organic food sales have increased by 10%. The burgeoning popularity of plant-based diets has further cemented rapeseed oil's status as a go-to cooking ingredient.

Moreover, rapeseed oil's favorable environmental profile has piqued interest in its industrial applications, especially in biodiesel production. The USDA reports a 15% rise in biodiesel production utilizing rapeseed oil. Technological advancements in extraction processes are enhancing both the quality and yield of the oil, propelling its adoption across diverse sectors, ranging from food to renewable energy.

Authors: kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of rapeseed oil reached USD 22.5 billion in 2023 and is set to register over 5.2% CAGR between 2024 and 2032, due to the increasing consumer awareness of health and nutrition.

The food and beverages segment in the rapeseed oil market is expected to record 4.8% CAGR through 2032, owing to its health benefits and increasing demand in plant-based diets.

Asia Pacific market is expected to reach USD 14.5 billion by 2032, driven by urbanization, rising disposable incomes, and an increasing emphasis on health and nutrition.

Wilmar, Vioil, Interfat, Cargill Inc., Adani Wilmar Ltd., American Vegetable Oils Inc., Marico Limited, Grief Inc., Associated British Foods Plc., Fuji Oil Holdings Inc., and ADM, among others.