The global rapeseed oil market is influenced by several factors which impact the growth of the market. The most primary factor which has driven the increased adoption of rapeseed oil is the shift in food patterns from animal to vegetable items due to increasing awareness among consumers regarding health. Also, the rising demand for dietary fats and oils have contributed to the growth of the rapeseed oil market. Consumers who are trying to reduce their cardiovascular ailments as well as cancer in some cases, are benefited by rapeseed oil, thereby increasing the consumption of rapeseed oil. Due to several health benefits that the rapeseed oil provides, such as good source of Vitamin E, high in monounsaturated fats, a ten times more omega 3 content than olive oil, very low saturated fat content, and its suitability for a variety of diets, etc., the adoption of rapeseed oil is increasing, and so is the overall market. Moreover, apart from food applications, rapeseed oil is also used in cosmetics, used to reduce scars, used in oils and creams as well as lotions.
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4 Forecast Highlights on Global Rapeseed Oil Market
1) The global rapeseed oil market experiences warm welcome from Europe region, as it becomes more lucrative with regards to the consumption of rapeseed oil. following Europe, the APEJ region is expected to show good growth and potential for the rapeseed oil market
2) The online segment and the specialty stores segment by distribution channel are the most growing segments, however, the specialty stores segment is a step ahead in its growth path than the online segment and is poised to grow at a higher CAGR of 4.6%. The modern trade segment experiences a reduction in growth rate, however is expected to retain its first position as far as market share by revenue is concerned. But, according to the report insights, it becomes only obvious that the specialty stores segment or the online segment can grow at par with the modern trade to capture most of its revenue share by the end of 2022
3) The processed segment by product type shows a higher revenue market share of more than 65% during the year 2017 and is poised to grow even higher to gain more market share as compared to the virgin segment during the forecast period. The virgin segment shows sluggish growth rate and its further expansion would only be steady or will remain the same owing to raped growth of the processed segment
4) Food services segment by end user gains more BPS and shows a higher growth rate to reach a CAGR of 4.3% during the period of forecast of 2017 to 2022. There seems to be a tough competition between the food services and the retail segment which is also growing at a significant rate and gaining a remarkable market share by revenue, but a figure lower than the food services segment
Food Services Segment Outpaces Retail by Few Miles
The food services segment and retail segment by the end user type, are the two fast running segments, as per the market observations provided in the report. The food service segment reflects higher growth rate as compared to retail, to reach a CAGR of 4.3% and is expected to outpace the retail segment by few miles during the forecast period of 2017 to 2022. Both these segments are anticipated to show a gain in the BPS by the end of 2022 and also have less difference in the revenue market share, yet the food services segment overpowers retail in this aspect too.
The Online Segment by Distribution Channel Analysis to Show Higher Growth as Modern Trade Segment Stoops Down
The online segment by distribution channel is poised to run at a comparatively higher growth rate to show a CAGR of 4.5% during the forecasted period of 2017 to 2022. The modern trade segment seems to have slowed down a bit and is expected to lose BPS by the end of 2022. Yet it has a higher market share by revenue than other segments. The online segment, with this rate, can be predicted to gain a plus in its current market share by revenue and probably might even outpace modern trade. The specialty stores segment has even higher growth rate than the online segment and is poised to have a higher gain in the BPS by the end of 2022. It seconds the modern trade in terms of market revenue share in 2017.
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Virgin to Lose BPS, Slows Down During the Forecasted Period
Virgin segment by product type is poised to run at a slower rate, observing its current rate and market share analysis, and is expected to experience a loss in the BPS by the 2022 end. However, the processed segment by product type gains higher speed to reflect a CAGR of 4.2% during the period of forecast and is expected to grab a higher market share by revenue as well. A market share, almost double than that of the virgin segment, processed segment by product type is also expected to have a higher gain in the BPS by the end of 2022.
Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of the global rapeseed oil market through 2022, which include The Adani Wilmar Ltd., Ruchi Soya Industries Limited, Associated British Foods plc., Cargill Inc., Archer Daniels Midland Company, Bunge Limited, Adams Group Inc., American Vegetable Oils, Inc., Grief Inc. (Olympic Oils Limited), Borges International Group S.L.U, Marico Limited, Fuji Oil Holdings Inc., Louis Dreyfus Company and ConAgra Foods (Agrotech Foods Ltd).
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