The global rapeseed oil market size was US$ 22002.9 million in 2021. The global rapeseed oil market size is forecast to reach US$ 35929.9 million by 2030, growing at a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2022 to 2030.

For arable crop farmers, rape is one of the most important crops as it provides a good income and is one of the most profitable crops. The oil produced from rapeseed seeds, also known as colza and canola oil, is black-red in color. Rapeseed oil is extracted from the seed and is primarily used to make biodiesel. Among its range of uses is the formulation of personal care products such as soaps, lotions, and others. Rapeseed oil contains monounsaturated fatty acids along with polyunsaturated fatty acids, such as linoleic acid, oleic acid, and -linolenic acid. 

Factors Influencing Market Growth

• Increasing health awareness and awareness about rapeseed oil's health benefits are forecast to drive the global market growth. 
• A high level of production of other oilseeds for vegetable oil (such as soy and palm) may slow down the growth of the rapeseed oil market.
• Rapeseed oil has a high level of antioxidants, unsaturated fat, and vitamin E, establishing it as one of the healthiest vegetable oils, which boosts the global market growth.

Impact Analysis of COVID-19

COVID-19 had a negative effect on the global rapeseed oil industry in 2020. During the first quarter of 2020, the overall vegetable oil industry saw a dramatic increase in prices. In addition, the government's lockdown restrictions caused hotels, restaurants, and cafes to close, significantly decreasing the demand for rapeseed oils around the world. The closure of international borders also adversely affected the exports and imports of rapeseed oil. During the COVID-19 pandemic, supply chain disruptions, panic buying, and shortages of vegetable oils had a negative impact on market growth. 

Regional Insights

According to revenue, Asia-Pacific accounted for the largest market share in 2021. The primary application of rapeseed oil is in food processing, and the oil contributes less to industrial uses such as biofuels and cosmetics. Growing consumer awareness about healthy lifestyles and growing disposable income, especially in developing countries such as China and India, are forecast to support industry growth in upcoming years.

North America is forecast to grow at the fastest CAGR during the forecast period. The increase in the consumption of rapeseed oil in both residential and industrial applications. The production of food at the domestic level is likely to create significant growth in the U.S. in the years to come. Moreover, the increasing use of natural oilseeds as ingredients in personal care products in the U.S. is forecast to contribute significantly to market growth in the future.

Leading Competitors

The leading prominent companies profiled in the global rapeseed oil market are:

• Cullise
• Folba Oil Limited SDN
• Mackintosh of Glendaveny
• Ola Oils
• Pacific Coast Canola
• RISOIL S.A
• ConAgra Foods Incorporated
• Yorkshire Rapeseed Oil
• The Archer Daniels Midland Company
• Cargill Incorporated
• Other Prominent Players

Scope of the Report

The global rapeseed oil market segmentation focuses on Type, Application, Distribution Channel, and Region.

Segmentation based on Type

• Processed
• Virgin

Segmentation based on Application

• Food Processing
• Bio Fuel
• Cosmetics And Personal Care
• Others

Segmentation based on Distribution Channel

• Supermarkets And Hypermarkets
• Independent Retail Stores
• Business To Business
• Online Sales Channels

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America