Canola Oil Market By Nature (Organic, Conventional), By Application (Processed Food, Household, Personal Care, Others), By Sales Channel (Supermarkets/Hypermarkets, Departmental Stores, Online, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F

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Summary

Report Description

Forecast Period

2018-2028

Market Size (2022)

USD 32.09 Billion

CAGR (2024-2028)

5.52%

Fastest Growing Segment

Online

Largest Market

Asia Pacific


Market Overview

The Global Canola Oil Market has valued at USD32.09 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.52% through 2028. The global canola oil market has witnessed significant growth and transformation in recent years, driven by increasing consumer awareness of its health benefits and versatile culinary applications. Canola oil, derived from the seeds of the canola plant, is renowned for its low saturated fat content and high levels of heart-healthy monounsaturated fats and omega-3 fatty acids. This nutritional profile has propelled its popularity as a cooking oil of choice for health-conscious consumers. As a result, the global canola oil market has expanded steadily, with an emphasis on quality, purity, and sustainability.

One notable trend in the global canola oil market is the growing demand for non-GMO (genetically modified organism) and organic canola oil products. Health-conscious consumers are increasingly seeking out these options, contributing to the market's diversification. Furthermore, canola oil's versatility has led to its adoption in various food processing applications, including salad dressings, margarine, and snack foods. The market's steady growth is also being driven by expanding consumer populations in emerging economies, where urbanization and changing dietary preferences are fueling demand for healthier cooking oils.

Sustainability is a critical factor influencing the global canola oil market. Stakeholders in the industry are increasingly focusing on sustainable farming practices and supply chain management. This emphasis on environmental responsibility not only enhances the market's appeal to eco-conscious consumers but also ensures a stable and long-term supply of canola oil. In conclusion, the global canola oil market continues to grow and evolve, driven by health-conscious consumer preferences, the rise of non-GMO and organic products, versatility in food applications, and a commitment to sustainability. These factors collectively paint a promising outlook for the canola oil market in the coming years.

Key Market Drivers

Health and Wellness Trends

One of the primary drivers of the global canola oil market is the increasing awareness of health and wellness among consumers. Canola oil is often perceived as a healthier alternative to traditional cooking oils due to its low saturated fat content and high levels of heart-healthy monounsaturated fats and omega-3 fatty acids. As more consumers prioritize their health and seek out healthier dietary options, the demand for canola oil has surged. This trend is further reinforced by research highlighting the potential benefits of canola oil consumption, such as improved cardiovascular health and reduced risk of chronic diseases. As a result, the market has witnessed a growing preference for canola oil over other cooking oils, especially in regions with health-conscious consumers.

Global Urbanization and Changing Diets

The ongoing process of urbanization, particularly in emerging economies, has led to significant changes in dietary patterns. As people move from rural to urban areas, their diets often transition from traditional, locally sourced ingredients to more processed and convenience-based options. Canola oil, with its versatility and neutral flavor, has become a preferred choice for food manufacturers and consumers alike. It is used in a wide range of processed foods, including salad dressings, margarine, baked goods, and snack foods. The shift towards urban living, coupled with changing dietary preferences, has boosted the demand for canola oil as a key ingredient in the global food industry.

Sustainability and Environmental Concerns

Sustainability has become a crucial driver in the global canola oil market. Consumers are increasingly conscious of the environmental impact of their food choices, including the production of cooking oils. Canola oil, which is derived from the canola plant (a type of rapeseed), is viewed favorably for its relatively low environmental footprint compared to other oils. Sustainable farming practices, such as reduced tillage and crop rotation, have been adopted to minimize soil erosion and pesticide use. Additionally, the push for certified sustainable canola oil products, including non-GMO and organic options, has gained momentum. Companies in the canola oil industry are investing in sustainable sourcing and supply chain transparency to meet these growing consumer demands for eco-friendly products.

Increasing Global Population and Food Demand

The world's population continues to grow, with a projected increase to nearly 10 billion people by 2050. This population growth drives higher demand for food products, including cooking oils like canola oil. Canola oil's versatility and affordability make it an attractive option for both consumers and food manufacturers seeking to meet this rising demand. Moreover, as global incomes increase, more people have access to a diverse and Westernized diet, which often includes the consumption of processed foods that contain canola oil. This demographic shift contributes significantly to the expansion of the global canola oil market, with emerging economies becoming key growth markets.

Technological Advancements and Innovation

The canola oil industry continues to evolve through technological advancements and innovations. Agricultural research has led to the development of new canola plant varieties with improved yield and disease resistance, contributing to higher production levels. Furthermore, innovations in oil extraction and refining processes have enhanced the quality and purity of canola oil. These advancements result in a more competitive market landscape, with companies striving to offer high-quality canola oil products to meet consumer expectations. Additionally, technological innovations are also driving the expansion of canola oil applications beyond cooking, such as in the production of biodiesel and industrial lubricants, further diversifying the market.

In conclusion, the global canola oil market is shaped by a complex interplay of factors, including health and wellness trends, urbanization, sustainability concerns, population growth, and technological advancements. These drivers collectively contribute to the growth and evolution of the market, making canola oil a versatile and sought-after product in the global food and agricultural industry. As consumer preferences continue to evolve, the canola oil market is likely to see further innovation and expansion in response to changing demands and trends.


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Key Market Challenges

Competition from Alternative Cooking Oils:

One of the foremost challenges in the canola oil market is the intense competition from alternative cooking oils. While canola oil is prized for its heart-healthy properties, other oils, such as olive oil, avocado oil, and coconut oil, have gained popularity among health-conscious consumers. Each of these oils has unique flavor profiles and potential health benefits, leading to consumer preferences that vary by region and culinary tradition. The challenge for canola oil producers is to differentiate their product in a crowded marketplace and effectively communicate its health benefits to consumers. This requires robust marketing efforts, product innovation, and adaptability to changing consumer tastes.

Price Volatility and Market Fluctuations

Canola oil prices are subject to fluctuations due to various factors, including weather conditions, crop yields, and global supply and demand dynamics. Adverse weather events such as droughts, floods, or pest outbreaks can disrupt canola crops, leading to reduced supplies and higher prices. Additionally, global economic conditions and trade policies can impact market stability. Price volatility can pose significant challenges for both canola oil producers and consumers. Producers may struggle with uncertain revenue streams, while consumers may face price increases that impact their purchasing decisions. Managing these price fluctuations and ensuring a stable supply chain is a continual challenge for the canola oil industry.

Environmental Concerns and Sustainability

Environmental sustainability is a growing concern in the global canola oil market. While canola oil is generally considered to have a lower environmental footprint compared to some other vegetable oils, concerns still exist regarding the environmental impact of large-scale monoculture canola farming. Issues such as soil erosion, pesticide usage, and the loss of biodiversity can arise from unsustainable farming practices. To address these concerns, the industry is increasingly adopting sustainable farming practices, such as crop rotation, reduced tillage, and integrated pest management. Meeting the demand for sustainably sourced canola oil and achieving certification standards can be challenging and require ongoing efforts to balance environmental stewardship with economic viability.

Consumer Perception and Misconceptions

Despite its health benefits, canola oil has faced misconceptions and negative perceptions in some markets. One challenge is the association of canola oil with genetically modified organisms (GMOs), as a significant portion of global canola production is genetically modified to enhance traits like resistance to pests or herbicides. While these GMO varieties are deemed safe for consumption by regulatory authorities, consumer concerns about GMOs persist, leading some consumers to seek non-GMO or organic alternatives. Clear communication and education about the safety and benefits of GMO canola, as well as the availability of non-GMO and organic options, are essential for addressing this challenge and preserving consumer trust.

Regulatory Compliance and Labeling Requirements

The global canola oil market operates in a complex regulatory landscape, with varying labeling requirements and standards in different countries and regions. Compliance with these regulations can be challenging for producers looking to export their products to multiple markets. Additionally, evolving labeling requirements related to nutritional information, allergen declarations, and sustainability claims can add complexity to product development and marketing efforts. Ensuring that canola oil products meet the necessary standards and requirements while remaining competitive in the market is a continuous challenge for industry participants. Staying informed about changing regulations and adapting products accordingly is crucial to avoid potential legal issues and maintain market access.

In conclusion, the global canola oil market faces a range of challenges, from competition with alternative cooking oils to environmental sustainability concerns and regulatory complexities. To thrive in this evolving landscape, canola oil producers must focus on product differentiation, sustainable practices, consumer education, and compliance with ever-changing regulations. Overcoming these challenges requires a combination of industry collaboration, innovation, and a commitment to meeting consumer expectations for healthy, sustainable, and responsibly sourced cooking oils.

Key Market Trends

Growing Demand for Non-GMO and Organic Canola Oil

In recent years, there has been a notable increase in consumer demand for non-genetically modified organism (non-GMO) and organic food products, including canola oil. Many consumers are concerned about the potential health and environmental effects of GMOs and prefer products that are produced without genetic modification. As a response to this trend, a growing number of canola oil producers are offering non-GMO and organic canola oil options. These products are typically labeled and certified to meet the criteria for non-GMO or organic status. The availability of non-GMO and organic canola oil caters to health-conscious and environmentally aware consumers, expanding market options and diversifying consumer choices.

Focus on Sustainability and Responsible Sourcing

Sustainability has become a central theme in the canola oil industry. Consumers increasingly want to know that the products they purchase are produced in an environmentally responsible manner. This has led to a greater emphasis on sustainable farming practices and responsible sourcing throughout the canola oil supply chain. Canola farmers are adopting practices such as crop rotation, reduced tillage, and integrated pest management to minimize the environmental impact of canola cultivation. Additionally, some companies in the canola oil sector are pursuing certification programs, such as the Roundtable on Sustainable Palm Oil (RSPO) certification, to demonstrate their commitment to sustainability. These efforts align with the broader movement toward sustainable agriculture and responsible sourcing, enhancing the market's appeal to eco-conscious consumers.

Health and Wellness Continues to Drive Demand

The health and wellness trend remains a significant driver of the canola oil market. Canola oil's nutritional profile, with its low saturated fat content and high levels of monounsaturated fats and omega-3 fatty acids, positions it as a heart-healthy cooking oil. Research studies continue to support the health benefits of canola oil consumption, including improved cardiovascular health and reduced risk of chronic diseases. As consumers become increasingly health-conscious, canola oil is well-positioned to meet their dietary preferences. The market is witnessing a steady demand for canola oil as a cooking oil of choice for health-conscious individuals and families. Marketing efforts that emphasize the health benefits of canola oil and its suitability for various cooking applications are driving this trend.

Diversification of Canola Oil Applications

Canola oil's versatility and neutral flavor have led to its expanding use in various food processing applications beyond traditional cooking and frying. Food manufacturers are incorporating canola oil into a wide range of products, including salad dressings, mayonnaise, margarine, baked goods, and snack foods. Canola oil's light texture and ability to blend seamlessly with other ingredients make it a valuable ingredient in the formulation of processed foods. This diversification of applications is driving the demand for canola oil in the food industry and expanding its presence on supermarket shelves. The trend toward convenience foods and the increasing popularity of ready-to-eat and packaged products further contribute to the growth of canola oil's applications.

Technological Advancements in Oil Extraction and Refining

Technological innovations in oil extraction and refining processes are improving the quality, purity, and efficiency of canola oil production. Advanced techniques such as cold pressing, expeller pressing, and solvent extraction are being employed to extract oil from canola seeds while preserving its nutritional properties. Additionally, refining processes are becoming more sophisticated, resulting in canola oil with lower levels of impurities and improved shelf stability. These advancements benefit both producers and consumers by ensuring a consistent and high-quality product. Furthermore, the development of high-oleic canola oil varieties, which have improved stability at high temperatures and longer shelf life, is opening up new opportunities in the foodservice industry, particularly in commercial frying applications.

In conclusion, the global canola oil market is shaped by several recent trends, including the growing demand for non-GMO and organic options, a focus on sustainability and responsible sourcing, the continued influence of health and wellness, diversification of applications, and technological advancements in oil extraction and refining. These trends collectively reflect changing consumer preferences, industry innovations, and the ongoing commitment to providing high-quality, nutritious, and sustainable cooking oil products. As the canola oil market evolves in response to these trends, it is likely to continue offering diverse choices and appealing to a wide range of consumers and industries.

Segmental Insights

Nature Insights

The global canola oil market has witnessed a significant surge in the demand for conventional canola oil in recent years. Despite the growing popularity of specialty and organic canola oil varieties, conventional canola oil remains a dominant player in the market. This rising demand can be attributed to several factors.

First and foremost, conventional canola oil is widely recognized for its versatility and affordability. It is a staple cooking oil in households and foodservice establishments worldwide due to its neutral flavor and high smoke point, making it suitable for a wide range of culinary applications, including frying, sautéing, baking, and salad dressings. Its affordability, compared to some specialty and organic oils, appeals to price-sensitive consumers, particularly in emerging economies where cost considerations play a significant role in purchasing decisions.

Secondly, conventional canola oil continues to benefit from its established reputation as a heart-healthy cooking oil. Rich in monounsaturated fats and low in saturated fats, it aligns with health-conscious consumers' preferences. Its well-documented health benefits, such as improving cardiovascular health, have contributed to its sustained demand among those seeking a nutritious cooking oil option.

Moreover, the robust production infrastructure for conventional canola oil, including large-scale cultivation and efficient extraction processes, ensures a steady and readily available supply, meeting the high demand. As a result, conventional canola oil maintains its dominant position in the global canola oil market, driven by its versatility, affordability, and positive health associations.

Sales Channel Insights

The global canola oil market has experienced a notable uptick in demand through online sales channels in recent years, reflecting evolving consumer shopping habits and preferences. This shift in the retail landscape is a response to the convenience and accessibility that online platforms offer.

Firstly, the rise in e-commerce has allowed consumers to explore a broader range of canola oil products from the comfort of their homes. Online marketplaces provide a diverse selection of canola oil brands, including both conventional and specialty options. Consumers can easily compare prices, read product reviews, and access detailed product information, empowering them to make informed choices. This convenience factor has driven many shoppers to opt for online purchases, particularly when seeking specific brands or unique varieties of canola oil that may not be readily available in local brick-and-mortar stores.

Secondly, the global canola oil market has also benefited from the convenience of doorstep delivery associated with online sales. Busy lifestyles and the desire for contactless shopping have spurred consumers to order canola oil online, saving time and effort compared to traditional in-store shopping. Additionally, the ability to subscribe to regular deliveries of canola oil through online platforms has become increasingly popular, ensuring a continuous supply of this essential kitchen staple. As a result, the online sales channel has become an integral part of the global canola oil market, providing consumers with convenience and access to a wide variety of canola oil products.


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Regional Insights

The Asia Pacific region has emerged as a significant driver of rising demand in the global canola oil market. This trend can be attributed to several factors, including shifting dietary preferences, increasing health consciousness, and the versatility of canola oil in Asian cuisines.

Firstly, the dietary habits of consumers in the Asia Pacific region have been evolving, with a growing emphasis on healthier eating. Canola oil's reputation as a heart-healthy cooking oil, due to its low saturated fat content and high levels of monounsaturated fats and omega-3 fatty acids, aligns well with these changing preferences. As awareness of the health benefits associated with canola oil spreads, more consumers are incorporating it into their diets, both in cooking at home and as an ingredient in processed foods. This has driven a substantial increase in demand for canola oil products across the region.

Secondly, the culinary versatility of canola oil makes it a preferred choice in many Asian cuisines. Its mild flavor and high smoke point make it suitable for a wide range of cooking methods, from stir-frying to deep-frying. As traditional Asian recipes meet modern cooking techniques, canola oil's ability to maintain the authentic flavors of dishes while offering health benefits has made it a popular choice among chefs and home cooks alike. This adaptability has further fueled the demand for canola oil in the Asia Pacific region, cementing its position as a sought-after cooking oil.

In conclusion, the Asia Pacific region's rising demand for canola oil is driven by its alignment with changing dietary preferences and its versatility in diverse culinary traditions. As consumers continue to prioritize healthier and more adaptable cooking options, canola oil is poised to maintain its growth trajectory in this dynamic and influential market.

Recent Developments

  • In 2023, the company Spectrum Naturals launched a line of canola oil cooking oils. The oils are made with expeller-pressed canola oil and are free of artificial flavors, colors, and preservatives. They are available in three varieties: Light, Extra Light, and Unrefined.
  • In 2022, the company Pompeian launched a line of canola oil cooking sprays. The sprays are made with 100% canola oil and are free of trans fats, cholesterol, and saturated fat. They are available in three flavors: Original, Olive Oil, and Garlic.

Key Market Players

  • Archer Daniels Midland (ADM) Company
  • Bunge Limited
  • Jivo Wellness Pvt. Ltd.
  • Arla Foods AmbA
  • Cargill Inc.
  • Associated British Foods plc
  • The J.M. Smucker Company
  • Richardson International Limited
  • Wilmar International Inc
  • American Vegetable Oils

 By Nature

By Application

By Sales Channel

By Region
  • Organic
  • Conventional
  • Processed Food
  • Household
  • Personal Care
  • Others
  • Supermarkets/Hypermarkets
  • Departmental Stores
  • Online
  • Others
  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

 

Report Scope:

In this report, the Global Canola Oil Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Canola Oil Market, By Nature:

o   Organic

o   Conventional

  • Canola Oil Market, By Application:

o   Processed Food

o   Household

o   Personal Care

o   Others

  • Canola Oil Market, By Sales Channel:

o   Supermarkets/Hypermarkets

o   Departmental Stores

o   Online

o   Others

  • Canola Oil Market, By Region:

o   Asia-Pacific

§  China

§  Japan

§  India

§  Vietnam

§  South Korea

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  Germany

§  Spain

§  Italy

§  United Kingdom

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

o   South America

§  Brazil

§  Argentina

§  Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Canola Oil Market.

Available Customizations:

Global Canola Oil Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Canola Oil Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer

4.1.  Brand Awareness

4.2.  Factors Influencing Purchase Decision

5.    Global Canola Oil Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Nature Market Share Analysis (Organic, Conventional)

5.2.2.    By Application Market Share Analysis (Processed Food, Household, Personal Care, Others)

5.2.3.    By Sales Channel Market Share Analysis (Supermarkets/Hypermarkets, Departmental Stores, Online, Others)

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        Asia-Pacific Market Share Analysis

5.2.4.2.        North America Market Share Analysis

5.2.4.3.        Europe Market Share Analysis

5.2.4.4.        Middle East & Africa Market Share Analysis

5.2.4.5.        South America Market Share Analysis

5.2.5.    By Top 5 Companies Market Share Analysis, Others (2022)

5.3.  Global Canola Oil Market Mapping & Opportunity Assessment

5.3.1.    By Nature Market Mapping & Opportunity Assessment

5.3.2.    By Application Market Mapping & Opportunity Assessment

5.3.3.    By Sales Channel Market Mapping & Opportunity Assessment

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Canola Oil Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Nature Market Share Analysis

6.2.2.    By Application Market Share Analysis

6.2.3.    By Sales Channel Market Share Analysis

6.2.4.    By Country Market Share Analysis

6.2.4.1.        China Canola Oil Market Outlook

6.2.4.1.1.           Market Size & Forecast

6.2.4.1.1.1.               By Value

6.2.4.1.2.           Market Share & Forecast

6.2.4.1.2.1.               By Nature Market Share Analysis

6.2.4.1.2.2.               By Application Market Share Analysis

6.2.4.1.2.3.               By Sales Channel Market Share Analysis

6.2.4.2.        Japan Canola Oil Market Outlook

6.2.4.2.1.           Market Size & Forecast

6.2.4.2.1.1.               By Value

6.2.4.2.2.           Market Share & Forecast

6.2.4.2.2.1.               By Nature Market Share Analysis

6.2.4.2.2.2.               By Application Market Share Analysis

6.2.4.2.2.3.               By Sales Channel Market Share Analysis

6.2.4.3.        India Canola Oil Market Outlook

6.2.4.3.1.           Market Size & Forecast

6.2.4.3.1.1.               By Value

6.2.4.3.2.           Market Share & Forecast

6.2.4.3.2.1.               By Nature Market Share Analysis

6.2.4.3.2.2.               By Application Market Share Analysis

6.2.4.3.2.3.               By Sales Channel Market Share Analysis

6.2.4.4.        Vietnam Canola Oil Market Outlook

6.2.4.4.1.           Market Size & Forecast

6.2.4.4.1.1.               By Value

6.2.4.4.2.           Market Share & Forecast

6.2.4.4.2.1.               By Nature Market Share Analysis

6.2.4.4.2.2.               By Application Market Share Analysis

6.2.4.4.2.3.               By Sales Channel Market Share Analysis

6.2.4.5.        South Korea Canola Oil Market Outlook

6.2.4.5.1.           Market Size & Forecast

6.2.4.5.1.1.               By Value

6.2.4.5.2.           Market Share & Forecast

6.2.4.5.2.1.               By Nature Market Share Analysis

6.2.4.5.2.2.               By Application Market Share Analysis

6.2.4.5.2.3.               By Sales Channel Market Share Analysis

7.    North America Canola Oil Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Nature Market Share Analysis

7.2.2.    By Application Market Share Analysis

7.2.3.    By Sales Channel Market Share Analysis

7.2.4.    By Country Market Share Analysis

7.2.4.1.        United States Canola Oil Market Outlook

7.2.4.1.1.           Market Size & Forecast

7.2.4.1.1.1.               By Value

7.2.4.1.2.           Market Share & Forecast

7.2.4.1.2.1.               By Nature Market Share Analysis

7.2.4.1.2.2.               By Application Market Share Analysis

7.2.4.1.2.3.               By Sales Channel Market Share Analysis

7.2.4.2.        Canada Canola Oil Market Outlook

7.2.4.2.1.           Market Size & Forecast

7.2.4.2.1.1.               By Value

7.2.4.2.2.           Market Share & Forecast

7.2.4.2.2.1.               By Nature Market Share Analysis

7.2.4.2.2.2.               By Application Market Share Analysis

7.2.4.2.2.3.               By Sales Channel Market Share Analysis

7.2.4.3.        Mexico Canola Oil Market Outlook

7.2.4.3.1.           Market Size & Forecast

7.2.4.3.1.1.               By Value

7.2.4.3.2.           Market Share & Forecast

7.2.4.3.2.1.               By Nature Market Share Analysis

7.2.4.3.2.2.               By Application Market Share Analysis

7.2.4.3.2.3.               By Sales Channel Market Share Analysis

8.    Europe Canola Oil Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Nature Market Share Analysis

8.2.2.    By Application Market Share Analysis

8.2.3.    By Sales Channel Market Share Analysis

8.2.4.    By Country Market Share Analysis

8.2.4.1.        France Canola Oil Market Outlook

8.2.4.1.1.           Market Size & Forecast

8.2.4.1.1.1.               By Value

8.2.4.1.2.           Market Share & Forecast

8.2.4.1.2.1.               By Nature Market Share Analysis

8.2.4.1.2.2.               By Application Market Share Analysis

8.2.4.1.2.3.               By Sales Channel Market Share Analysis

8.2.4.2.        Germany Canola Oil Market Outlook

8.2.4.2.1.           Market Size & Forecast

8.2.4.2.1.1.               By Value

8.2.4.2.2.           Market Share & Forecast

8.2.4.2.2.1.               By Nature Market Share Analysis

8.2.4.2.2.2.               By Application Market Share Analysis

8.2.4.2.2.3.               By Sales Channel Market Share Analysis

8.2.4.3.        Spain Canola Oil Market Outlook

8.2.4.3.1.           Market Size & Forecast

8.2.4.3.1.1.               By Value

8.2.4.3.2.           Market Share & Forecast

8.2.4.3.2.1.               By Nature Market Share Analysis

8.2.4.3.2.2.               By Application Market Share Analysis

8.2.4.3.2.3.               By Sales Channel Market Share Analysis

8.2.4.4.        Italy Canola Oil Market Outlook

8.2.4.4.1.           Market Size & Forecast

8.2.4.4.1.1.               By Value

8.2.4.4.2.           Market Share & Forecast

8.2.4.4.2.1.               By Nature Market Share Analysis

8.2.4.4.2.2.               By Application Market Share Analysis

8.2.4.4.2.3.               By Sales Channel Market Share Analysis

8.2.4.5.        United Kingdom Canola Oil Market Outlook

8.2.4.5.1.           Market Size & Forecast

8.2.4.5.1.1.               By Value

8.2.4.5.2.           Market Share & Forecast

8.2.4.5.2.1.               By Nature Market Share Analysis

8.2.4.5.2.2.               By Application Market Share Analysis

8.2.4.5.2.3.               By Sales Channel Market Share Analysis

9.    Middle East & Africa Canola Oil Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Nature Market Share Analysis

9.2.2.    By Application Market Share Analysis

9.2.3.    By Sales Channel Market Share Analysis

9.2.4.    By Country Market Share Analysis

9.2.4.1.        South Africa Canola Oil Market Outlook

9.2.4.1.1.           Market Size & Forecast

9.2.4.1.1.1.               By Value

9.2.4.1.2.           Market Share & Forecast

9.2.4.1.2.1.               By Nature Market Share Analysis

9.2.4.1.2.2.               By Application Market Share Analysis

9.2.4.1.2.3.               By Sales Channel Market Share Analysis

9.2.4.2.        Saudi Arabia Canola Oil Market Outlook

9.2.4.2.1.           Market Size & Forecast

9.2.4.2.1.1.               By Value

9.2.4.2.2.           Market Share & Forecast

9.2.4.2.2.1.               By Nature Market Share Analysis

9.2.4.2.2.2.               By Application Market Share Analysis

9.2.4.2.2.3.               By Sales Channel Market Share Analysis

9.2.4.3.        UAE Canola Oil Market Outlook

9.2.4.3.1.           Market Size & Forecast

9.2.4.3.1.1.               By Value

9.2.4.3.2.           Market Share & Forecast

9.2.4.3.2.1.               By Nature Market Share Analysis

9.2.4.3.2.2.               By Application Market Share Analysis

9.2.4.3.2.3.               By Sales Channel Market Share Analysis

9.2.4.4.        Turkey Canola Oil Market Outlook

9.2.4.4.1.           Market Size & Forecast

9.2.4.4.1.1.               By Value

9.2.4.4.2.           Market Share & Forecast

9.2.4.4.2.1.               By Nature Market Share Analysis

9.2.4.4.2.2.               By Application Market Share Analysis

9.2.4.4.2.3.               By Sales Channel Market Share Analysis

10. South America Canola Oil Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Nature Market Share Analysis

10.2.2. By Application Market Share Analysis

10.2.3. By Sales Channel Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1.     Brazil Canola Oil Market Outlook

10.2.4.1.1.         Market Size & Forecast

10.2.4.1.1.1.            By Value

10.2.4.1.2.         Market Share & Forecast

10.2.4.1.2.1.            By Nature Market Share Analysis

10.2.4.1.2.2.            By Application Market Share Analysis

10.2.4.1.2.3.            By Sales Channel Market Share Analysis

10.2.4.2.     Argentina Canola Oil Market Outlook

10.2.4.2.1.         Market Size & Forecast

10.2.4.2.1.1.            By Value

10.2.4.2.2.         Market Share & Forecast

10.2.4.2.2.1.            By Nature Market Share Analysis

10.2.4.2.2.2.            By Application Market Share Analysis

10.2.4.2.2.3.            By Sales Channel Market Share Analysis

10.2.4.3.     Colombia Canola Oil Market Outlook

10.2.4.3.1.         Market Size & Forecast

10.2.4.3.1.1.            By Value

10.2.4.3.2.         Market Share & Forecast

10.2.4.3.2.1.            By Nature Market Share Analysis

10.2.4.3.2.2.            By Application Market Share Analysis

10.2.4.3.2.3.            By Sales Channel Market Share Analysis

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Impact of COVID-19 on Global Canola Oil Market

12.1.             Impact Assessment Model   

12.1.1. Key Segments Impacted

12.1.2. Key Regions Impacted

12.1.3. Key Countries Impacted

13. Market Trends & Developments

14. Competitive Landscape

14.1.             Company Profiles

14.1.1. Archer Daniels Midland (ADM) Company

14.1.1.1.     Company Details

14.1.1.2.     Products

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Key Market Focus & Geographical Presence

14.1.1.5.     Recent Developments

14.1.1.6.     Key Management Personnel

14.1.2. Bunge Limited

14.1.2.1.     Company Details

14.1.2.2.     Products

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Key Market Focus & Geographical Presence

14.1.2.5.     Recent Developments

14.1.2.6.     Key Management Personnel

14.1.3. Jivo Wellness Pvt. Ltd.

14.1.3.1.     Company Details

14.1.3.2.     Products

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Key Market Focus & Geographical Presence

14.1.3.5.     Recent Developments

14.1.3.6.     Key Management Personnel

14.1.4. Arla Foods AmbA

14.1.4.1.     Company Details

14.1.4.2.     Products

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Key Market Focus & Geographical Presence

14.1.4.5.     Recent Developments

14.1.4.6.     Key Management Personnel

14.1.5. Cargill Inc.

14.1.5.1.     Company Details

14.1.5.2.     Products

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Key Market Focus & Geographical Presence

14.1.5.5.     Recent Developments

14.1.5.6.     Key Management Personnel

14.1.6.  Associated British Foods plc

14.1.6.1.     Company Details

14.1.6.2.     Products

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Key Market Focus & Geographical Presence

14.1.6.5.     Recent Developments

14.1.6.6.     Key Management Personnel

14.1.7. The J.M. Smucker Company

14.1.7.1.     Company Details

14.1.7.2.     Products

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Key Market Focus & Geographical Presence

14.1.7.5.     Recent Developments

14.1.7.6.     Key Management Personnel

14.1.8. Richardson International Limited

14.1.8.1.     Company Details

14.1.8.2.     Products

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Key Market Focus & Geographical Presence

14.1.8.5.     Recent Developments

14.1.8.6.     Key Management Personnel

14.1.9. Wilmar International Inc

14.1.9.1.     Company Details

14.1.9.2.     Products

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Key Market Focus & Geographical Presence

14.1.9.5.     Recent Developments

14.1.9.6.     Key Management Personnel

14.1.10.              American Vegetable Oils

14.1.10.1.  Company Details

14.1.10.2.  Products

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Key Market Focus & Geographical Presence

14.1.10.5.  Recent Developments

14.1.10.6.  Key Management Personnel

15. Strategic Recommendations/Action Plan

15.1.             Key Focus Areas

15.2.             Target Nature

15.3.             Target Sales Channel

16.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Canola Oil Market was estimated to be USD 32.09 Billion in 2022.

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The major drivers for the Global Canola Oil Market include increasing consumer awareness of its health benefits, its versatility in various culinary applications, the growing demand for non-GMO and organic products, a focus on sustainability and responsible sourcing, and the rising global population and food demand. Additionally, technological advancements in oil extraction and refining processes contribute to the market's growth by ensuring product quality and expanding applications beyond traditional cooking. These drivers collectively shape the canola oil market's dynamics and continued expansion.

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Major trends in the Global Canola Oil Market include a growing demand for non-GMO and organic canola oil, a strong focus on sustainability and responsible sourcing practices, the enduring influence of health and wellness on consumer choices, diversification of canola oil applications in the food industry, and ongoing technological advancements in oil extraction and refining processes. These trends reflect changing consumer preferences, environmental concerns, and the industry's commitment to providing high-quality, nutritious, and sustainable canola oil products.

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The major challenges facing the Global Canola Oil Market include competition from alternative cooking oils like olive and coconut oil, price volatility and market fluctuations due to factors such as weather conditions and trade policies, environmental concerns and the need for sustainable farming practices, misconceptions and negative perceptions related to GMOs, and navigating complex regulatory compliance and labeling requirements in different regions. Successfully addressing these challenges requires innovation, sustainability efforts, consumer education, and adaptability within the industry.

Related Reports

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Parvati Sharma

Account Manager BD
Press Release

Canola Oil Market to Grow with a CAGR of 5.52% through 2028

Sep, 2023

Increasing health consciousness and diversified applications of canola oil are driving the Global Canola Oil Market in the forecast period 2024-2028.

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