Global Canola Oil Market – Overview
Increased demand of canola oil used in different segments including commercial and non-commercial purposes has uplifted the consumption of canola oil. Additionally, health benefits associated with the consumption is driving the growth of Canola Oil Market Size globally. 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 Size 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 obtained from the seeds of rapeseed. Owing to high demand, the production has also augmented remarkably. A substantial portion of population is switching to this oil due to its health benefits, especially for cardiac ailments. It contains omega-3 and omega-6 fatty acids that are good for heart health. It is widely used in foods and beverages, production of biofuels, and oleo chemicals. Leading edible oil companies are focusing more on R&D in terms of product innovations. Canola oil is serving as better alternative to conventional edible oils which has extra fat and lipid content. Innovations and upgrading technology have been principle of the research wing. Through extensive research and techniques, the companies are developing oils with aided health benefits.
Global Canola Oil Market Size - Competitive Analysis
Manufacturers rely on rapeseed to extract canola oil. Canola oil contains Omega-3 and Omega-6 fatty acids as key components that support improved heart health. Market players in the oil industry have been investing on product development to cater the consumer needs. The strategic sales plan of canola oil manufacturers include product promotion in exhibitions & other platforms and also picking up right marketing strategies which will give out a clear message to the targeted audience.
The key players profiled in canola oil are Archer Daniels Midland Company (U.S.), Associated British Foods Plc. (U.K), Sunora Foods (Canada), Wilson’s Foods (South Africa), Jivo Wellness Pvt. Ltd. (India), Dalmia Continental Pvt. Ltd. (India), and Arla Foods (Denmark) among many others.
Global Canola Oil Market Size – Segments
The global Canola Oil Market Size has been divided into type, processing type, application, and region.
On the Basis of Type: Polish canola, Argentine canola, Brown mustard, and Canola
On the Basis of Processing Type: Refined, Modified, Hand Made, Crude, and Others
On the Basis of Application: Culinary, Processed foods, Lubricants, Personal care, Bio-diesel, and Others
On the Basis of Region: North America, Europe, Asia Pacific, and ROW
Latest Industry Updates
Aug 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 butter is made with non-GMO canola oil. Strategic product launch will help in strengthening company’s business portfolio.
Oct 2016 MSM Milling, has launched its new canola oil brand “auzure”. The company also inaugurated its integrated canola oilseed processing unit for transforming canola seed. This will help the company to maximize its production capacity.
Sep 2016 Canadian Agro India, has launched its new product in the name of “Canapure canola cooking oil”. The company is highly inclined towards R&D activities. This initiative by the company will help to improve the quality of its product line.
Aug 2016 Cargill Inc., has expanded its canola research facility in Aberdeen, Saskatchewan. Strategic business expansion by the company will lead in specialty canola seed breeding. In addition, the company is investing high on new equipment and technology to produce high quality product.
Global Canola Oil Market Size - Regional Analysis
The global Canola Oil Market Size is segmented into North America, Europe, APAC, and Rest of the World (RoW). Among all of them, Europe is estimated to retain its dominance throughout the forecast period. Europe is amongst the leading producer of canola oil across the globe. Furthermore, in the Asia-Pacific region China is the second largest producer of canola oil. Additionally, Canada is amongst the largest exporting countries across the globe. Increasing consumption of canola oil is driving the market growth in the European region. Also, increasing cardiac ailments in the European countries has a positive influence on the overall sales of canola oil over the review period. In addition, Asia Pacific is also an attractive destination for the canola oil manufacturers during the forecast period.
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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.
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 rich in omega-3 and omega-6 fatty acids, vitamin E, and monosaturated fats.
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.Get sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/2670Key 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.
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.
Pure canola biodiesel can be blended into any proportion with petroleum diesel.
Cooking oil is a plant, animal or a synthetic fat that is made up of carbohydrate and protein that is used in frying and baking food.
Most of the cooking oil are liquid at room temperature while cooking oil that contain saturated fatty acid such as coconut oil, palm oil are solid.
There so many varieties of cooking oil sources especially from plants.
It is has the richest flavor because it is made without any heat or chemical.
Peanut oil – It is extracted by pressing steamed – cooked peanuts and is commonly used in Asian for cooking.
In addition, this oil has mild flavor and high smoke point meaning it can be used in deep frying and all range of other cooking.
The Global Canola Meal Market 2020-2026 covers commercial as well as industrial areas of the business.
The Canola Meal market encompasses key topics making this report a excess helpful.
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