Canola oil is mainly extracted from rapeseed from the Brassicaceae plant family. It is consumed in many industrialized nations, and its benefits are enormous as it comes from a health-promoting family of plants. It is also used in biodiesel and cosmetic products like lipsticks, lubricants, and even candles. Canola oil contains 7% of saturated fat, which helps cut down the human body's cholesterol levels. Canola oil is a good vitamin E source, which serves as an antioxidant that protects the body's fats and proteins from free radicals. Considering all these factors, canola has become one of the essential oilseeds crops globally. Canola oil is the third largest vegetable oil by volume after palm and soybean oil.
Canola oil usage has been rising for the past few years. The key factor bolstering the canola oil market growth is the rising awareness about canola oil benefits. It helps in lowering bad cholesterol without altering the good cholesterol. Besides, canola oil is primarily used in the cosmetics and personal care industry due to its benefits, such as controlling wrinkles, acne, blemishes, and fine lines. However, the higher pricing of canola oil and soya bean, which is a substitute to canola oil and is readily available, can challenge the canola oil market's growth.
The "Global Canola Oil Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the canola oil market with detailed market segmentation by category, application, and distribution channel. The global canola oil market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading canola oil market players and offers key trends and opportunities in the market.
The global canola oil market is segmented into category, application, and distribution channel. By category, the canola oil market is classified into organic and conventional. By application, the canola oil market is classified into cooking, processed foods, lubricants, personnel care, biofuels, and others. By distribution channel, the canola oil market is classified into hypermarkets/ supermarkets, convenience stores, specialty stores, online, and others.
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global canola oil market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The canola oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the canola oil market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the canola oil market in these regions.
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The reports cover vital developments in the canola oil market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the canola oil market are anticipated to lucrative growth opportunities in the future with the rising demand for canola oil in the global market. Below mentioned is the list of few companies engaged in the canola oil market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the canola oil market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
The Archer-Daniels-Midland Company
Associated British Foods plc
The J.M. Smucker Company
Spectrum Organic Products, LLC
EURL BENE HOLDING
JBK Manufacturing And Development Company
Radin Trading GmbH
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.
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The List of Companies
1. Associated British Foods plc
2. EURL BENE HOLDING
3. JBK Manufacturing And Development Company
4. MASI Trading
5. Native Harvest
6. Pure Wesson
7. Radin Trading GmbH
8. Spectrum Organic Products, LLC
9. The Archer-Daniels-Midland Company
10. The J.M. Smucker Company