Rapeseed Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.85 Billion |
| Market Size (2029) | USD 2.40 Billion |
| CAGR (2024 - 2029) | 5.33 % |
| Fastest Growing Market | Europe |
| Largest Market | North America |
Rapeseed Market Analysis
The Rapeseed Market size is estimated at USD 1.85 billion in 2024, and is expected to reach USD 2.40 billion by 2029, at a CAGR of 5.33% during the forecast period (2024-2029).
Rapeseed (Brassica napus), also known as oilseed rape, is a bright yellow flowering plant belonging to the Brassicaceae family. It is primarily cultivated for its oil-rich seeds. Rapeseed is the second-largest oilseed crop globally, following soybeans, with increasing worldwide demand and production. According to the United States Department of Agriculture, global rapeseed production reached 89.3 million metric tons in 2023, up from 88.9 million metric tons in 2022. The European Union contributed 22% of the total global production.
Rapeseed is primarily cultivated for edible oil production and secondarily for animal feed, bio-oil, and biodiesel. The seed's oil and protein reserves are predominantly located within its cells. These cells are enclosed by a double cell wall composed of cellulose, hemicellulose, lignin, and pectin. Rapeseed contains a high oil content, comprising approximately 38%-42% of the whole seed's mass. The protein fraction accounts for about 30% of a non-decorticated whole seed, or 16%-19% of the total seed mass, including the seed coat. The seed coat, which surrounds the seed, is rich in polysaccharides and fibers, constituting 20%-28% of the seed's total mass.
Rapeseed oil contains omega-3 and omega-6 fatty acids, which are essential for brain function, reducing inflammation, and maintaining overall health. This oil promotes cardiovascular health and cognitive function. Rapeseed oil has a low saturated fat content compared to other cooking oils, making it suitable for those reducing unhealthy fat intake. Its high smoke point of approximately 400°F (204°C) allows for various cooking methods, including frying and baking, without degrading into harmful compounds. Rapeseed oil is rich in vitamin E, an antioxidant that protects cells, supports immune function, and promotes healthy skin and eyes. Its neutral taste makes it versatile for use in salad dressings, marinades, and baking.
Rapeseed crushing has increased significantly, with Europe leading this expansion due to biodiesel development. Rapeseed meal is the second-largest oilseed meal produced in the region after soybean meal. According to the United States Department of Agriculture, in 2023, the European Union was the leading consumer of rapeseed oil, with 9.9 million metric tons of domestic consumption. China ranked second, consuming 8.3 million metric tons. The market is driven by changing consumer food habits, increasing health consciousness, and evolving taste preferences. The rapeseed oil market is anticipated to experience substantial growth during the forecast period due to shifting consumer usage of vegetable oils, which will further stimulate market expansion.
Rapeseed Market Trends
Changing Consumer Preferences Towards Opting Healthy Substitutes and Veganism Engulfs
Rapeseed's popularity as an ingredient has grown significantly, with numerous product launches catering to consumers seeking natural and wholesome options. These products offer superior nutritional value, being rich in polyphenols, antioxidants, vitamins, and minerals. The market is driven by consumer preference for functional and health-oriented, naturally derived products. Retail consumption of rapeseed has also increased, with the seeds readily available in grocery stores due to high global demand. Rapeseed contains substantial amounts of calcium, magnesium, and potassium, and is believed to boost energy, stabilize blood sugar, and aid digestion.
Rapeseed oil is generally more affordable than other healthy oils such as olive oil, providing a cost-effective option for everyday cooking. Its combination of affordability and health benefits makes it appealing to many consumers. The healthy fats in rapeseed oil may contribute to feelings of fullness, potentially aiding in weight management when consumed as part of a balanced diet. Furthermore, rapeseed oil is naturally gluten-free, making it suitable for individuals with gluten sensitivities or celiac disease.
Veganism has been steadily growing in popularity worldwide. According to the Vegan Society, there were 3.1 million vegetarians in the UK in 2023, comprising about 5.8% of the population, compared to 2.2 million in 2021. Rapeseed oil is a valuable component of the vegan diet due to its health benefits and versatility in cooking. As a plant-based oil, it aligns with vegan principles, offering a source of healthy fats without animal-derived ingredients.
Rapeseed oil has significant applications beyond the food industry, particularly in personal care products such as oils, creams, and lotions. Its high content of Vitamin E and antioxidants in cosmetic formulations aids in reducing scar tissue, repairing damaged hair, and alleviating skin conditions like itching, eczema, and acne, thus promoting skin health. Additionally, rapeseed oil serves as a carrier oil for topical applications. Changing consumer preferences due to health concerns and the rise of veganism have increased the availability of rapeseed-based products in supermarkets, contributing to overall market growth worldwide. The versatile applications of rapeseed across various industries are projected to drive market expansion during the forecast period.
North America Dominates the Market
North America's leadership in the rapeseed market stems from several key factors. Canada's Prairie Provinces - Alberta, Saskatchewan, and Manitoba - provide ideal climate and soil conditions for rapeseed cultivation. The region's long summer days and cool temperatures enhance both yield and quality. In 2023, Canada's rapeseed production reached 18.6 million metric tons, an increase from 14.2 million metric tons in the previous year, according to FAOSTAT. The majority of Canadian rapeseed production is concentrated in Saskatchewan, Alberta, and Manitoba, collectively accounting for approximately 80% of the total output. Saskatchewan leads with 55% of production, followed by Alberta at 28% and Manitoba at 16%. Canada's rapeseed industry thrives due to advanced agricultural techniques, favorable environmental conditions, and robust export markets.
Canada maintains its position as the world's leading rapeseed exporter, with exports increasing from 5.6 million metric tons in 2022 to 7.0 million metric tons in 2023, according to ITC Trade Map estimates. In 2023, China emerged as the primary market, importing 4.5 million metric tons of rapeseed, accounting for 63.8% of the export value. Other significant markets include Mexico, South Korea, and Chile. The Canadian government is actively working to ensure stable and diverse market access for its high-quality canola products. In 2022, the Minister of Agriculture and Agri-Food announced an investment of over USD 1.8 million to the Canola Council of Canada under the AgriMarketing Program. This investment aims to enhance export opportunities and maximize market access globally. The government has established ambitious targets, including achieving 26 million tonnes of rapeseed production by 2025 and expanding agri-food exports to USD 75 billion in the same year.
Agricultural research investments have resulted in the development of robust, disease-resistant rapeseed varieties. North America leads in biotechnology, particularly in genetically modified (GM) canola, which enhances crop durability and production. In 2022, Syngenta Seeds (Canada) partnered with CANTERRA SEEDS to share Pelta technology and develop high-yielding canola hybrids.
Advanced farming equipment, precision agriculture techniques, and efficient management practices, including Integrated Pest Management (IPM), enhance productivity and minimize crop losses in rapeseed cultivation. The United States and Canadian governments support the industry through subsidies, research grants, and infrastructure improvements. Trade agreements, such as the USMCA, promote export expansion. Strong demand for rapeseed oil, recognized for its health benefits and culinary versatility, fuels market growth. A comprehensive transportation and export network ensures widespread distribution of rapeseed products.
Rapeseed Market News
- July 2024: Bayer introduced the DEKALB rapeseed hybrid, DK401TL, to Western Canadian farmers. This hybrid is Bayer's highest-yielding rapeseed variety, outperforming competitor hybrids. It includes a comprehensive agronomic package designed to enhance overall performance.
- April 2024: The Oil Crops Research Institute of the Chinese Academy of Agricultural Sciences has developed a new rapeseed variety that improves typical yields by approximately 50 percent. This innovation will help China enhance its self-sufficiency in vegetable oils and protect against unexpected production disruptions. The new crop has a harvested yield of 11.07 kg per hectare, representing a potential oil output of around 4.89 kg per hectare.
Rapeseed Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Awareness of Healthy Diets
4.2.2 Growing Trends of Veganism
4.2.3 Development of High-yielding Varieties
4.3 Market Restraints
4.3.1 Rising Pests and Disease Infestation
4.3.2 Limited Mechanization to Hinder Cultivation
4.4 Value Chain Analysis
5. MARKET SEGMENTATION
5.1 Geography (Production Analysis by Volume, Consumption Analysis by Value & Volume, Import Analysis by Value & Volume, Export Analysis by Value & Volume and Price Trend Analysis)
5.1.1 North America
5.1.1.1 United States
5.1.1.2 Canada
5.1.1.3 Mexico
5.1.2 Europe
5.1.2.1 Germany
5.1.2.2 France
5.1.2.3 Italy
5.1.2.4 Russia
5.1.2.5 United Kingdom
5.1.2.6 Spain
5.1.3 Asia Pacific
5.1.3.1 China
5.1.3.2 India
5.1.3.3 Japan
5.1.3.4 Australia
5.1.4 South America
5.1.4.1 Argentina
5.1.4.2 Brazil
5.1.5 Middle East and Africa
5.1.5.1 United Arab Emirates
5.1.5.2 South Africa
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Rapeseed Industry Segmentation
Rapeseed is an oilseed belonging to the Brassicaceae family. It is one of the largest used oilseeds for oil extraction which is later used for cooking and its meal for animal feed. The rapeseed market is segmented by Geography (North America, Europe, Asia-Pacific, and Middle-East and Africa). The study includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The report offers market size and forecasts in terms of value in USD and volume for all the above segments.
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Rapeseed Market Research FAQs
How big is the Rapeseed Market?
The Rapeseed Market size is expected to reach USD 1.85 billion in 2024 and grow at a CAGR of 5.33% to reach USD 2.40 billion by 2029.
What is the current Rapeseed Market size?
In 2024, the Rapeseed Market size is expected to reach USD 1.85 billion.
Which is the fastest growing region in Rapeseed Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Rapeseed Market?
In 2024, the North America accounts for the largest market share in Rapeseed Market.
What years does this Rapeseed Market cover, and what was the market size in 2023?
In 2023, the Rapeseed Market size was estimated at USD 1.75 billion. The report covers the Rapeseed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Rapeseed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Rapeseed Industry Report
Statistics for the 2024 Rapeseed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Rapeseed analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
