Rapeseed Oil Market Size, Share, Demand And Growth Analysis, Forecast 2017 To 2022 – by Credence Research
According to a new market report published by Credence
Research "Rapeseed Oil Market -
Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 -
2021," the rapeseed oil market was valued at US$ 23.8 Bn in 2015, and is
expected to reach US$ 35.4 Bn by 2021, expanding at a CAGR of 6.9% from 2016 to
2021.
Browse the full Rapeseed Oil Market
for Biodiesel, Food, Feed and Other Applications- Growth, Share, Opportunities,
Competitive Analysis, and Forecast 2015 – 2021 report at http://www.credenceresearch.com/report/rapeseed-oil-market
Market Insights
Rapeseed oil is extracted from rape crop which is the third largest crop cultivated in Europe. The global market for rapeseed oil is anticipated to witness rapid growth during the forecast period due to various health benefits and advantageous properties such as its use in production of biodiesel, as vegetable oil in food, etc. The increasing demand for biodiesel is another factor promoting growth of global rapeseed oil market.
Rapeseed oil is extracted from rape crop which is the third largest crop cultivated in Europe. The global market for rapeseed oil is anticipated to witness rapid growth during the forecast period due to various health benefits and advantageous properties such as its use in production of biodiesel, as vegetable oil in food, etc. The increasing demand for biodiesel is another factor promoting growth of global rapeseed oil market.
Frequent changes in food consumptions
of people globally have led to growing use of vegetable oils. The shift in food
pattern from animal products to vegetable, grains, fruits, etc. is due to
health awareness among major population. Demand for high quality dietary fats
and oils have been observed in various regions worldwide. Rapeseed oil has been
proved to be the healthiest oil among other oils such as soybean, sunflower,
etc. The health benefits offered by rapeseed oil such as cholesterol free and
reduce the risk of cardiovascular diseases is driving the consumption of
rapeseed oil worldwide.
Competitive Insights:
Europe accounted to be the major
rapeseed oil producing region. Rape is the third largest cultivated crop in UK.
Rapeseed oil is thereby consumed on a large scale in the region for production
of biodiesel and in food applications. The growing concerns related to fossil
fuels have led to greater demand for biofuels such as biodiesel. Europe
accounted for more than 30% share of global rapeseed oil market in 2015 and is
expected to grow in the near future. Asia Pacific followed Europe in terms of
demand for rapeseed oil and is projected to be the second fastest growing
market in 2015. China and India are expected to be the major consumers of
rapeseed oil among other countries in Asia Pacific. India accounted for more
than 18% of the global rapeseed oil market in 2015. In addition, Middle East
and Africa (MEA) and Rest of the World (RoW) are also expected to boost demand
for global rapeseed oil in the market.
Major players involved in the production of rapeseed oil are focusing on marketing strategies and new product launches to gain a strong foothold in emerging economies globally. To increase market opportunities, the major weapon used by small as well as major players is mergers and acquisitions. Increasing demand for rapeseed oil for large number of applications is the major factor for new entrants to compete and gain foothold in the market.
Major players involved in the production of rapeseed oil are focusing on marketing strategies and new product launches to gain a strong foothold in emerging economies globally. To increase market opportunities, the major weapon used by small as well as major players is mergers and acquisitions. Increasing demand for rapeseed oil for large number of applications is the major factor for new entrants to compete and gain foothold in the market.
Key Trends:
·
Reduced risk of heart diseases
·
Biodiesel production
·
Substitute to Olive Oil
·
Opportunities for growth in cosmetic
and personal care products market
·
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