Rapeseed Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.50 % |
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Rapeseed Market Analysis
The global rapeseed market is projected to register a CAGR of 3.3% during the forecast period (2021-2026). As an impact of COVID-19 consumers have turned to consume more healthy products. The food & beverage and foodservice companies are fetching rapesseds seeds at a higher price from the producers, as the demand for these products surged in recent times. However, the short supply due to high demand and supply disruptions has created a demand-supply mismatch that led to the distortion in the price of the product. Rapeseed crushing has risen strongly, Europe being the major player in this expansion owing to the development of biodiesel. Rapeseed meal is the second major oilseed meal produced in the region after soybean meal. North America and Europe are the largest consumers of rapeseed in the world, accounting for more than 50.0% of global consumption. Developing markets such as India have witnessed high growth among the top rapeseed consuming countries during the forecast period. The market is driven by changing consumer food habits, cumulative health consciousness, and taste preferences. The rapeseed oil market is foreseeable to witness a significant development during the forecast period owing to the altering consumer usage of vegetable oils, which will further boost the market.
Rapeseed Market Trends
This section covers the major market trends shaping the Rapeseed Market according to our research experts:
Changing Consumer Preferences Towards Opting Healthy Substitutes and Veganism Engulfs
The popularity of rapeseed as an ingredient has increased significantly over the years with a variety of product launches; as consumers are more inclined toward natural and wholesome ingredients. These products have superior nutritional value as they are rich sources of polyphenols, antioxidants, vitamins, and minerals. The market is driven by consumer preference toward functional and health-based naturally derived products. The market has also seen a rise in the retail consumption of the product. These seeds are readily available in grocery stores because they have a high demand around the world. They contain a good amount of calcium, magnesium, and potassium, and are believed to boost energy, stabilize blood sugar, and help with digestion. Apart from the food industry, rapeseed oil has a major application in the personal care products such as oils, creams, and lotions. The presence of Vitamin E and antioxidants in cosmetic products helps in reducing scar tissues, repairs damaged hair, repairs skin conditions such as itching, eczema, and acne thereby promoting healthy skin. Rapeseed oil is also used as a carrier oil that is used topically. The change in consumer preferences owing to health reasons & veganism engulfs has led to wider accessibility of these products in supermarkets, which in turn, has bolstered the overall market across the world. Hence, the diverse application of rapeseed across many industries is expected to drive the market during the forecast period.
Europe Holds A Major Share In The Market
Europe holds a major share of the rapeseed global market. France, Germany, and the United Kingdom account for more than 80.0% of Europe's rapeseed production. Higher oil content of 40.0% than compared to other major oilseeds renders higher benefits to oilseed farmers. Rapeseed is mainly grown for oil and meal in Europe. Growing awareness related to nutritional benefits of rapeseed is encouraging higher demand globally which will continue to drive consumption over the forecast period in Europe. Increasing competition from animal fats and recycled vegetable oils as feedstocks for biofuels and stagnant to declining biofuels production adds to increasing pressure on the rapeseed oil market.
Rapeseed Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Supply Chain Analysis
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5. MARKET SEGMENTATION
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5.1 Geography (Production Analysis, Consumption Analysis by Value & Volume, Import Analysis by Value & Volume, Export Analysis by Value & Volume and Price Trend Analysis)
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5.1.1 North America
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5.1.1.1 United States
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5.1.1.2 Canada
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5.1.1.3 Mexico
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5.1.2 Europe
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5.1.2.1 Germany
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5.1.2.2 France
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5.1.2.3 Italy
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5.1.2.4 Russia
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5.1.2.5 United Kingdom
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5.1.2.6 Spain
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5.1.3 Asia Pacific
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5.1.3.1 China
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5.1.3.2 India
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5.1.3.3 Japan
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5.1.3.4 Australia
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5.1.4 South America
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5.1.4.1 Argentina
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5.1.4.2 Brazil
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5.1.5 Middle East and Africa
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5.1.5.1 United Arab Emirates
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5.1.5.2 South Africa
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6. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7. AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET
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 Global 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.
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Rapeseed Market Research FAQs
What is the current Rapeseed Market size?
The Rapeseed Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)
What years does this Rapeseed Market cover?
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.
