Global Rapeseed Oil Market Research Report 2023-2030

Rapeseed Oil Market Size Was Valued at USD 24,466.61 Million in 2023 and is Projected to Reach USD 35,591.07 Million by 2030, Growing at a CAGR of 5.50% From 2023–2030.

Rapeseed oil, derived from the seeds of the rapeseed plant, is a versatile cooking oil with a mild flavor and high smoke point, making it suitable for various culinary applications such as frying, baking, and salad dressings. Its rich composition of healthy fats, including omega-3 and omega-6 fatty acids, makes it a popular choice for health-conscious consumers.

In recent years, the market for rapeseed oil has seen growth due to increased demand for healthier cooking oils, as well as its versatility and sustainability compared to other oil options. Additionally, rapeseed oil is gaining traction in industrial applications, including biodiesel production, further driving its market expansion. As consumers seek out healthier and environmentally friendly alternatives, rapeseed oil is poised to maintain its position as a key player in the cooking oil market.

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Top Key Players Involved Are:

“Archer-Daniels-Midland Company (USA), Bunge Limited (USA), Cargill Incorporated (USA), Conagra Brands Inc. (USA), Cullise Ltd. (UK), Interfat SA (Spain), Louis Dreyfus Company B.V. (Netherlands), Mackintosh of Glendaveny (UK), Ola Oils Limited and Yorkshire Rapeseed Oil (UK), American Vegetable Oils Inc. (USA), Adani Wilmar Ltd. (India), Associated British Foods plc. (UK), Adams Group Inc. (USA), Marico Limited (India), Borges International Group S.L.U (Spain), Ruchi Soya Industries Limited (India), and other key players.”

The rapeseed oil market is being driven by several key factors, including the growing consumer preference for healthier cooking oils. With increasing awareness of the health benefits associated with consuming omega-3 and omega-6 fatty acids, rapeseed oil’s nutritional profile has positioned it as a favorable option for health-conscious consumers seeking alternatives to traditional oils like soybean or sunflower oil. Additionally, rapeseed oil’s high smoke point makes it suitable for a wide range of culinary applications, including frying and baking, further expanding its appeal among home cooks and chefs.

The Rapeseed Oil Market Segmentation:

By Type

Processed
Virgin

By Nature

Conventional
Organic

By Application

Food Processing
Bio Fuel
Cosmetics Personal Care
Animal Fee

By Extraction Process

Aqueous Process
Enzyme Based Process

By Distribution Channel

Supermarkets and Hypermarkets
Independent Retail Stores
Business to Business
Online Sales Channels

Key Industry Development:

In March 2024, Bunge and Chevron announced approval of a final investment decision for their joint venture Bunge Chevron Ag Renewables LLC to build a new oilseed processing plant adjacent to its existing processing facility located on the Gulf Coast in Destrehan, LA. The plant features a flexible design, intended to allow it to process soybeans as well as softseeds, including novel winter oilseed crops, such as winter canola and CoverCress, among others. Expected to be operational in 2026, the processing facility aims to add scale and efficiencies to Bunge Chevron Ag Renewables, which will allow the company to better meet the increased market demand for renewable fuel feedstocks.

In December 2023, ADM, a global leader in human and animal nutrition, announced that it had reached an agreement to acquire UK-based FDL, a leading developer and producer of premium flavor and functional ingredient systems. FDL, with projected 2023 sales of approximately $120 million, operates three production facilities and two customer innovation centers, all in the United Kingdom. The company’s approximately 235 colleagues, which include about 40 dedicated innovation specialists, have created more than 10,000 proprietary flavor formulations that enable accelerated speed to market.