Rapeseed oil is famous for its various health benefits and its awareness is spreading throughout the globe. Its use in the food industry is remarkable but it also finds applications in the cosmetic industry. The global rapeseed oil market is driven by several factors which impact the growth of the market on a global scale. The increasing awareness of the rapeseed oil benefits with respect to health, an increase in the consumer shift from animal to vegetable products along with increase in the demand of oils and dietary fats have positively impacted the growth of the rapeseed oil market. Many are struggling to endure their cardiovascular ailments and few are also fighting cancer. Rapeseed oil is consumed by such people which helps them to reduce their ailments, and promote good health.
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The report offers an overview of the global rapeseed oil market. This comprises an introduction to the market, along with a standard definition of the product – rapeseed oil. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global rapeseed oil market, the report provides updates about market opportunities, which can benefit leading manufacturers of rapeseed oil. With continuous evolution of the food & beverage sector, keeping a record of latest developments and trends is fundamental for rapeseed oil manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Forecast Highlights on Global Rapeseed Oil Market
- 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
- 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
- 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
- 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
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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