Rapeseed is a bright yellow flowering plant which is cultivated all over the world. The plant is known to be used as vegetable in Southern Africa and China. Rape crop is mainly cultivated for its oil rich seeds and is known to be the third largest source of vegetable oil in the world. It is also cultivated for other benefits which include large amount of biomass, improves soil tilth and suppresses weed. Rapeseed oil is extracted from this crop which has high demand in the market globally. Rapeseed oil is used for various applications such as production of biodiesel, vegetable oil in food applications and feed for animals among others. Food was projected to be the largest application segment in 2015 and is expected to grow at a CAGR of 7.2% during the forecast period 2016 to 2021. Rapeseed oil market was valued at US$ 23,764.3 Mn in 2015 and is expected to reach US$ 35,391.1 Mn by 2021, growing at a CAGR of 6.9% during the forecast period 2016-2021.
Purpose of the Report
The purpose of this strategic research study titled “Global Rapeseed Oil Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2021” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global rapeseed oil market.
Target Audience
USP and Key Offerings
The report titled “Global Rapeseed Oil Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2021” offers strategic insights into the global rapeseed oil market along with the market size and estimates for the duration 2015 to 2021. The said research study covers in-depth analysis of multiple market segments based on end-use applications, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading rapeseed oil vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:
Overall, the research study provides a holistic view of the global rapeseed oil market, of growth, offering market size and estimates for the period from 2015 to 2021, keeping in mind the above mentioned factors.
Application Segmentation Analysis
Food was the leading application of rapeseed oil in 2014, accounting for more than 27% of market revenue. It is anticipated to retain its position in the near future due to changing food patterns of people. Growing preference for biofuel has also generated high demand for biodiesel in the market. Biodiesel accounted to be the second largest application of rapeseed oil which is expected to gain strong foothold during the forecast period 2016-2021. Furthermore, feed and other applications are also expected to offer growth opportunity for rapeseed oil in the near future.
Geography Segmentation Analysis
Europe accounted for the largest share of global rapeseed oil market in 2014. It accounted for more than 30% share of global rapeseed oil market. As rapeseed oil is the primarily used on a large scale by the residents, demand is anticipated to be high in the region. In addition, Asia Pacific and North America is also expected to experience comparatively high growth during the forecast period 2016-2021 due to changes in the food patterns of the people. India and China are anticipated to offer growth opportunities during the forecast period 2016-2021.
Hismation: Rapeseed Oil
It is the period during mid 1980’s when the food industry had suffered a problem. The American heart association along with many other government departments and agencies had declared polyunsaturated oils as healthy alternative to saturated fats. But, soon this fact had become clear that polyunsaturated oils such as soybean and corn oil cause various health problems.
The industry was in a problem and had to stop using polyunsaturated oils in food as claims were made that consumption of these oils would lead to high risk health issues. The manufacturers couldn’t return to use traditional healthy products such as lard oil, butter, etc as these were very costly at that period of time.
The only solution to overcome this situation was using monounsaturated oil such as Olive oil. Research and studies has proved that olive oil is better than polyunsaturated oils and is rich in diet. In addition, problem with olive oil was that it was not enough in volume to meet the needs of the world. The industry therefore started searching for traditional healthy products which were less expensive substitute to olive oil.
Here, the rapeseed oil was bought into light. Rapeseed oil is a monounsaturated oil which was used on a large scale in many regions and countries globally, especially India and China. It contained almost 70% of monounsaturated fatty acids. With further research, erucic acid was seen to be present in rapeseed oil which was allied with fibrotic lesions of the heart. Therefore, rapeseed oil was known to be harmful to humans and it was used for other applications such as a source of lubricant for machinery.
Today, with the advent of technology, rapeseed oil is used for production of biodiesel which would therefore help in living a pollution free environment; as vegetable oil in food which reduces the risk of cardiovascular diseases; in production of animal feed among other applications. Major applications such as biodiesel and food are the key driving factors of global rapeseed oil market. Therefore, rapeseed oil is expected to gain high foothold in the market during the forecast period
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Rapeseed Oil market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
