The global Canola Oil Market is forecast to reach USD 48.34 Billion by 2027, according to a new report by Reports and Data. It is a vegetable oil extracted from rapeseed. It is rich in omega-3 and omega-6 fatty acids, vitamin E, and monosaturated fats. It has a lower amount of saturated fats and trans-fats in comparison to other vegetable oils. The oil helps in reducing inflammations and improving metabolism. This helps in the development of infants and protecting against heart attacks and strokes.
The report discusses in detail the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, product launches and brand promotions, and licensing agreements undertaken by the key players to gain a robust footing in the market. The Canola Oil market research report also offers a thorough SWOT analysis and Porter’s Five Forces analysis to offer key insights into the company’s progress and position.
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Key Players:
Key participants include Ruchi Soya Industries Ltd., Archer Daniels Midland Company, Borges Mediterranean Group, The Adani Wilmar Ltd., Associated British Foods (Ach), Fuji Vegetable Oil Inc., American Vegetable Oils Inc., Sunora Foods, Arla Foods AmbA, and Richardson International Limited, among others.
Further key findings from the report suggest:
- The cold-pressed method involves the crushing of canola oil seeds and forcing it out. It is a process that preserves health benefits and flavors. Its price is higher than the extracted canola oil, as the yield of this product is lower.
- The online segment held the fastest growth rate during the forecast period. The growing trend of online shopping is getting a boom in recent years. This is due to the increasing application of mobile devices at a rapid rate. With the growth in the busy lifestyle, people prefer to perform every possible activity in their personal smartphones.
- Canola Oil can be made into biodiesel through a refinery process called transesterification. The oil is combined with alcohol to remove the glycerin. Pure canola biodiesel can be blended into any proportion with petroleum diesel. The fuel can be used in diesel engines.
- Canola oil is used in the skincare and cosmetic industry owing to its anti-aging properties, which helps in reducing fine lines, acne, blemishes, and wrinkles. It is also utilized in the hair care sector for smoothening hair. Canola Oil is used in the preparation of plasticizers to provide a higher velocity. Rise in the end-use industries is further propelling the market demand.
- North America is forecasted to grow with a CAGR of 4.9% during the forecast period. The region's growth is due to the presence of popular players, and increasing awareness regarding the health benefits will propel the demand for the growth of the market.
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Market Segmentation:
Manufacturing Process Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
- Cold-pressed Method
- Solvent Extraction Method
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
- Processed Food
- Cooking
- Personal Care
- Biofuels
- Lubricants
- Others
Distribution Channel Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
- Modern Trade
- Specialty Store
- Franchise Outlets
- Online
Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
- North America
- U.S
- Europe
- U.K
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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Objective of Studies:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Canola Oil market.
- To provide insights about factors affecting the market growth. To analyze the Canola Oil market based on various factors- price analysis, supply chain analysis, Porte five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America and Rest of the World.
- To provide country level analysis of the market with respect to the current market size and future prospective.
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
It is also used in food industry, biofuels and oleo chemicals etc.Canola oil is obtained from the seeds of rapeseed.
In 2015, canola oil amount used in food industry took 66.21%.
Biofuel consumed about 27.62% of global total canola oil production.
Canola oil used in biofuel is getting more and more attention.Generally, Canola Oil is produced by two methods, such as cold-pressed method and solvent extraction method.
Cold-pressed product is much healthier than extracted product in peoples minds.
In 2015, extracted canola oil production share was 32.17%.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-canola-oil-2019-2024-685The key manufacturers covered in this report: Breakdown data in in Chapter 3.Louis Dreyfus CompanyADMCargillBungeRichardson OilseedViterraAl GhurairCHSPacific Coast Canola (PCC)OliyarWilmar InternationalCOFCOChinatex CorporationMaple Grain and Oil IndustryHSGCZhongshengAllstarH-BestYingcheng Oil CompanyDaodaoquanNowadays, there are many manufacturers all over the world, such as Louis Dreyfus Company, ADM, Cargill, Bunge, Richardson Oilseed, Viterra and Al Ghurair etc.
Global Canola Oil Market – OverviewIncreased demand of canola oil used in different segments including commercial and non-commercial purposes has uplifted the consumption of canola oil.
Market Research Future, a firm which specializes in market reports related to the Foods, Beverages & Nutrition sector among others, recently forecasted in its report “Global Canola Oil Market Research Report- Forecast to 2023” that the market will demonstrate an exceptional CAGR % while achieving million dollar growth readily in the forecast period.The use of canola oil has amplified over past few years.
Canola oil is serving as better alternative to conventional edible oils which has extra fat and lipid content.
Through extensive research and techniques, the companies are developing oils with aided health benefits.The amount of obese population and diseases such as hypertension, high blood cholesterol and other heart diseases due to high fat intake is increasing rapidly, which is a great concern among the growing population.
Extensive investments are made in research and advanced technologies to enhance product range, and simultaneously provide new hybrids to meet the expanding market needs.
Increasing popularity of canola oil in food products among the population is likely to surge the global canola oil market size owing to high consumption of low-fat oil.Browse Full Report @ https://www.marketresearchfuture.com/reports/canola-oil-market-2752Latest Industry UpdatesAug 2017 Finlandia Cheese Inc., has added two new products in its range, spreadable butter with canola oil and 25% reduced-fat spreadable butter with canola oil.
The global canola oil market report contains valuable insights and niche trends which can be prevalent during the period of 2019 to 2024 (forecast period).
The report also contains the impact of the COVID-19 pandemic as a market force.Market ScopeThe global canola oil market is expected a large windfall during the forecast period owing to its purchase by health-conscious consumers for cooking food.
Clinical trials on new strains of genetically modified canola crops for studying its agronomic value can bode well for the market.Browse Full Report Details @ https://www.marketresearchfuture.com/reports/canola-oil-market-2752The outbreak of the COVID-19 pandemic has negatively affected the market owing to less volume of canola crops being planted.
The store-based segment has further been divided into supermarkets and hypermarkets, convenience stores, and others.
However, the non-store-based segment is expected to exhibit a higher growth rate during the forecast period of 2019 to 2024.Regional AnalysisThe global canola oil market has been studied for four regions—North America, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW).Europe is expected to dominate the market over the forecast period.
This can be attributed to the production of rapeseed oil domestically.
