The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

An increase in demand for biodiesel is likely to drive the rapeseed oil market ahead.

The global rapseed oil market is expected to grow from $23.49 billion in 2022 to $25.06 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The rapeseed oil market size is expected to reach $31.52 billion in 2027 at a CAGR of 5.9%.

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Global Rapseed Oil Market Segments Include:

• By Type: Processed, Virgin
• By Nature: Organic, Conventional
• By Extraction Process: Aqueous Process, Enzyme Based Process
• By Distribution Channel: Supermarkets And Hypermarkets, Online Stores, Specialty Stores, Retail Stores, Other Distribution Channels
• By End-Use: Food And Beverage, Cosmetics And Personal Care Products, Biodiesel, Animal Feed, Household (Retail)
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global rapseed oil market in 2021.

Major Market Players in the rapseed oil market include Bunge Limited, CCS Estates Limited, Ola Oils Ltd., Yorkshire Rapeseed Oil, Archer Daniels Midland Company, Mackintosh of Glendaveny Ltd., Interfat SA, Louis Dreyfus Company B.V.

Product innovation has emerged as a significant trend that is gaining traction in the rapeseed oil industry. To achieve a competitive advantage, major players in the rapeseed oil market are focusing on introducing improved products. For example, in June 2022, Solvay S.A., a chemical firm based in Belgium, announced two new high-performance biosurfactants, Mirasoft SL L60 and Mirasoft SL A60, which enable the development of ecologically friendly beauty care products. These glycolipid biosurfactants, which are based on rapeseed oil and sugar and have low environmental and carbon footprints, are suitable for a wide range of beauty care applications, including shampoos, conditioners, shower gels, face washes, and creams. Mirasoft SL L60 and Mirasoft SL A60 are meant to function in the same way as synthetic chemicals while posing no environmental dangers. They are easily biodegradable and completely bio-based, employ green chemistry, and fully represent Solvay’s commitment to sustainability and the development of a circular, regenerative economy.

The Rapseed Oil Global Market Report 2023  provides a rapseed oil market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The rapseed oil market forecast analyzes rapseed oil market size, rapseed oil market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Rapeseed oil is a plant-based cooking oil from the brassica family, which also contains cabbage and mustard. Rapeseed oil has a nutty, buttery, and earthy flavour. Rapeseed, which is low in saturated fat, is well known for its health advantages and other nutritional supplements, such as Omegas 3, 6, and 9, which can help maintain healthy brain, heart, and joint functions.

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