Canola Oil Market Trends 2020-2025

1. Global Canola Oil Market estimated to cross USD 44.5 million by 2025 Global Canola Oil Market expands with the rising demand for organic foods North America supposed to lead demand in the Global Canola Oil Market Market overview: Global Canola Oil Market was valued at USD 31.8 million in 2019 and is projected to reach USD 44.5 million by 2025, expanding at a CAGR of 6.0% from 2020 to 2025. Canola is one of the top five oilseed crops in the world. The market is experiencing further growth due to the increasing demand for canola oil due to its high nutrient content. Canola oil has a different fatty acid profile with low levels of saturated fatty acids, more monounsaturated fatty acids, and considerable levels of omega-3 and omega-6 fatty acids. Recent developments: Richardson International has collaborated with Conagra Brands to obtain its Wesson line of canola oils. The deal also includes Wesson's production facilities in Memphis, Tennessee. In November 2018, Conagra found another buyer for its Wesson brand of oil. A few months after the agreement with J.M. Smucker, Richardson International agreed to acquire the company. Cargill has announced that it has entered into an agreement with Dalmia Continental Pvt. Ltd (DCPL) for the acquisition of its Leonardo olive oil segment. Market Drivers and Restrains: An increase in cases of cardiovascular disease has led much of the population to focus on their health. Since canola oil is high in oleic acid, which helps reduce harmful cholesterol levels in the body, it is increasingly used by health-conscious consumers as a cooking oil, thus stimulating market growth. Due to the many benefits of canola oil, its demand is now increasing for sautéing, grilling, cakes, stir fry, and as a topping. A fast-paced lifestyle combined with high consumer incomes has led to the trend towards dining out, which has driven demand for canola oil in many restaurants. Canola oil is used in the preparation of plasticizers to increase speed. However, the readily available substitute, soybeans, limits the

2. growth of the world market for canola oil. Also, the high price of canola oil compared to other edible oils is the factor that slows the growth of the market. To know more read: https://www.marketdataforecast.com/market-reports/canola-oil-market Market Segmentation: The global canola oil market has been segmented based on category, packaging type, distribution channel, and region. By category, the world market for canola oil has been divided into organic and conventional. The conventional segment has the largest market share, and the organic segment is expected to record the highest CAGR during the outlook period. Based on the type of packaging, the global canola oil market has been segmented into bottles, cans, and others. The bottling segment is expected to have the majority share of the market and is expected to record the highest CAGR during the foreseen period. The world market for canola oil has been classified, according to the distribution channel, as in-store and non-store. The store-based segment was divided into supermarkets and hypermarkets, convenience stores and others. The retail segment is expected to account for the majority of market revenue. However, the non-store segment is expected to show a higher growth rate during the forecast period from 2020 to 2025. Impact of COVID-19 on Canola Oil Market The spread of COVID-19 has had a nominal influence on canola oil business around the world. As the food and beverage harvest has been affected by the spread of coronavirus, it has affected the volume of canola oil production. Also, demand is expected to increase and more ending inventory will be used during the forecast period. Manufacturers in the canola oil market face challenges of supplying raw materials, as well as labor shortages in their manufacturing plants. Another major concern for exporters is the delay in opening ports around the world. Geographical Segmentation:

3. North America is estimated to lead the canola oil market throughout the outlook period. The dominance of the region can be attributed to several factors, such as the presence of multiple market players, increasing consumer awareness of the health benefits of canola oil. Canola oil offers several health benefits, leading to its use in the prevention of heart disease and diabetes. The increasing use of canola oil in cooking and cosmetics by consumers in Europe is expected to generate significant market share in Europe in the coming years. However, the Asia Pacific region is foreseen to record the highest CAGR due to increased consumer inclination to try canola oil as awareness of the health benefits of olive oil increases in the region. Key market players: Some of the major players in the Global Canola Oil Market are The J.M. Smucker Company, Jivo Wellness Pvt. Limited, Associated British Foods plc, and Archer Daniels Midland Company. View sample and decide: https://www.marketdataforecast.com/market-reports/canola-oil-market/request-sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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