IMARC Group, a leading market research company, has recently released a report titled "Canola Oil Market Report by Application (Cooking, Processed Foods, Lubricants, Personal Care, Biofuels, and Others), Packaging (Cans, Drums, Bottles, Pouches, and Others), and Region 2025-2033." The study provides a detailed analysis of the industry, including the global canola oil market share, size, trends, growth and forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Canola Oil Market Overview

The global canola oil market size reached 29.1 Million Tons in 2024, with expectations to grow to 32.0 Million Tons by 2033. The market is projected to expand at a CAGR of 1.1% during the forecast period of 2025-2033. Growth is driven by increasing health consciousness, environmental and sustainability concerns, and the versatile use of canola oil in culinary applications.

Study Assumption Years

  • Base Year: 2024
  • Historical Year/Period: 2019-2024
  • Forecast Year/Period: 2025-2033

Canola Oil Market Key Takeaways

  • Current Market Size: 29.1 Million Tons in 2024
  • CAGR: 1.1%
  • Forecast Period: 2025-2033
  • The market growth is driven by increased preferences for food products aligning with dietary goals and rising sustainability concerns.
  • Europe leads the market due to the expansion of foodservice establishments.
  • Asia Pacific is the fastest growing region underpinned by a growing population and expanding F&B industry.
  • The market faces challenges like price volatility from crop fluctuations but benefits from rising demand for healthier cooking oils.
  • Technological advancements are improving production efficiency and product quality, fostering market growth.

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Market Growth Factors

The global canola oil market is witnessing steady growth, largely driven by increasing consumer awareness about its health benefits. Consumers appreciate canola oil for its low saturated fat content, heart-healthy profile, and presence of beneficial fats including omega-3 fatty acids. These attributes contribute to its rising use in cooking applications, including frying, sautéing, and baking. The demand for non-GMO and organic canola oil is also rising, catering to those who seek natural and sustainable food options. Moreover, the increased prevalence of cardiovascular diseases due to unhealthy diets reinforces the demand for healthier oils like canola.

Environmental and sustainability concerns represent another critical growth driver. Producers and consumers alike are focusing on sustainable agricultural practices, responsible land and water usage, and adherence to environmental standards such as RSPO and RSB certifications. Industry players are also adopting energy-efficient processing and exploring eco-friendly packaging solutions like recyclable materials and reduced plastic usage. These measures align canola oil products with consumer expectations for environmentally responsible products, enhancing market growth.

The expanding global food and beverage industry further bolsters canola oil demand. Its high smoking point and neutral flavor make it suitable for various culinary techniques and cuisines, including Asian and Mediterranean, which promote heart-healthy fats. The growing adoption of plant-based diets and dietary plans emphasizing healthier fats, such as DASH and Mediterranean diets, also elevates its market position. Canola oil’s use extends beyond cooking to processed foods, lubricants, personal care, and biofuels, showcasing its versatile applications and broadening market potential.

Market Segmentation

Breakup by Application:

  • Cooking
  • Processed Foods
  • Lubricants
  • Personal Care
  • Biofuels
  • Others

Breakup by Packaging:

  • Cans
  • Drums
  • Bottles
  • Pouches
  • Others

Breakup By Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Europe dominates the global canola oil market, led by increased consumption in countries like Germany and France. The region benefits from rising health-consciousness, regulatory support for sustainable agriculture, and a growing preference for non-GMO and organic options. Europe’s strong market presence is supported by expanding foodservice sectors and transparent labeling standards, which boost consumer confidence and market growth.

Recent Developments & News

  • May 2023: Bunge Limited and Chevron’s Renewable Energy Group Inc. acquired Chacraservicios S.r.l. (Argentina) from Italy's Adamant Group, aiming to expand renewable feedstock sources.
  • May 2023: Archer Daniels Midland (ADM) acquired Prairie Pulse Inc., which has a pulse crop cleaning, milling, and packaging facility in Canada.
  • April 2023: Cargill Inc. invested US$50 million to upgrade and expand oilseed crush facilities in Australia to meet increasing demand for canola and cottonseed products.

Key Players

  • Archer Daniels Midland (ADM) Company
  • Bunge Limited
  • Cargill Inc.
  • Associated British Foods plc
  • Jivo Wellness Pvt. Ltd.
  • Arla Foods AmbA
  • Richardson International Limited
  • The J.M. Smucker Company
  • Wilmar International Inc.

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