Rapeseed Market Size (2024 - 2029)

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 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.