DUBLIN--(BUSINESS WIRE)--The "Rapeseed Oil Market by Application - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
The global rapeseed oil market is expected to garner $36,560 million by 2023, from $26,524 million in 2016, registering a CAGR of 5.3% from 2017 to 2023. Rapeseed, also called colza, is a member of the cruciferae family and is grown primarily for obtaining oil. The major sources of edible oils are rapeseed, copra, cottonseed, palm kernel, peanut, soybean, and sunflower seed.
Oil is extracted either by mechanical extraction processes in oil mills or by chemical extraction using solvents. The oil content in rapeseeds is around 40%, and it is widely used in food and industrial applications.
Growth in demand for rapeseed oil-based bio-diesel in the European Union and increased consumption of vegetable oil, such as rapeseed oil, to produce biodiesel due to government mandates for biodiesel blending with petroleum diesel drive the market growth. In addition, surge in the global population has led to increase in demand for edible oils for food processing.
Thus, rise in health consciousness among consumers and health benefits of rapeseed oil fuel the market growth. Moreover, presence of vitamin E and antioxidants in rapeseed oil makes it ideal for cosmetic & personal care products such as oils, cream, and lotions. In terms of volume, Asia-Pacific is the largest consumer of rapeseed oil, and is expected to grow at a significant CAGR of 5.4% from 2017 to 2023. In terms of value, it accounted for approximately half of the share of the global market in 2016. North America is anticipated to grow at the highest CAGR, both in terms of value and volume during the forecast period.
- Cargill Incorporated
- Folba Oil Limited SDN
- Mackintosh of Glendaveny
- Ola Oils
- Pacific Coast Canola
- RISOIL S.A.
- ConAgra Foods Inc.
- Yorkshire Rapeseed Oil
- The Archer Daniels Midland Company
- The Adani Wilmar Ltd.
- Ruchi Soya Industries Limited
- Associated British Foods plc.
- Bunge Limited
- Adams Group Inc.
- American Vegetable Oils, Inc.
- Grief Inc. (Olympic Oils Limited)
- Marico Limited
- Fuji Oil Holdings Inc.
- Louis Dreyfus Company
Key Topics Covered:
Chapter 1. Introduction
Chapter 2. Executive Summary
Chapter 3. Market Overview
Chapter 4. Global Rapeseed Oil Market, By Application
Chapter 5. Global Rapeseed Oil Market, By Geography
Chapter 6. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/r4vhdm/global_rapeseed?w=4