Rapeseed Oil Market

Rapeseed Oil Market: Industrial Applications of Rapeseed Oil in Biodiesel Production to Compete with Its Use in Food Processing: Global Industry Analysis (2013 - 2017) & Opportunity Assessment (2018 - 2027)

2018-12-07
REP-GB-7956
180 pages

An Incisive, In-depth Analysis on the Rapeseed Oil Market

This study offers a comprehensive, 360 degree analysis on the Rapeseed Oil market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Rapeseed Oil market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Rapeseed oil is extracted from the oilseed rape plant by pressing out transparent and translucent liquids. Rapeseed oil is a yellow-golden or yellow-brownish oil, and has a certain stimulating aroma known as the green smell. The smell holds a certain amount of mustard glucoside. Rapeseed oil contains no cholesterol, so consumers having high cholesterol levels can be at ease. By nutrition, the digestion and absorption rate of a human body regarding rapeseed oil is as high as 99%, which is favorable for the functioning of the gallbladder. The formerly obscured oilseed rape plant is evolving exceptionally, and is providing significant growth to the rapeseed oil market.

Organic Rapeseed Oil to Edge Out Conventional Products over the Forecast Period

On the basis of nature, the rapeseed oil market is segregated into organic and conventional. The organic rapeseed oil segment is gaining wild popularity as a result of increasing health awareness among consumers. Organic rapeseed oil is known to be healthy, and many dietitians identify its nutritional benefits and the fact that it is growing to be a favorite of chefs. Although, the conventional rapeseed oil segment will lead the market by a fine margin in terms of revenue.

Predominant Use of Rapeseed Oil in Biodiesel Production Especially in Europe

On the basis of end use, the rapeseed oil market is segregated into food processing, cosmetics and personal care products, biodiesel, animal feed, and households/retail. Due to its high nutritional value and versatility, it has been used in marinating meals, fried and baked meals, mayonnaise, and other foods. The use of rapeseed oil is majorly done in food products. Thus, the food processing segment is leading the market in terms of both, value and volume. Followed by biodiesel, in terms of revenue, the segment is expected to grow at a healthy rate, due to the rise in alternative fuel and new taxation challenges.

Cold Pressed Rapeseed Oil to Become the Favourite of Health Conscious Consumers

On the basis of extraction process, the rapeseed oil market is segregated into solvent-extracted rapeseed oil and cold-pressed rapeseed oil. These are the two kinds of methods of extraction used. The fact that differentiates them is the temperature used while extracting the oil. The cold-pressed method is growing steadily because no chemicals and solvents are used in this extraction method, hence the oil produced is 100% organic. Although, the solvent-extracted method is more efficient and produces more oil than the cold-pressed method, thus leading the market by a reasonable margin.

Increasing Number of Speciality Stores Stocking Rapeseed Oil on Shelves

On the basis of sales channel, the rapeseed oil market is segregated into direct sales, hypermarkets/supermarkets, convenience stores, specialty retail stores, traditional grocery stores, and online retailers. The direct sales segment is expected to top the market share in terms of both, revenue and quantity, driven by foodservice providers. Meanwhile, the specialty retail stores segment is expected to witness spectacular growth, assisted by the hefty addition of these products on store shelves.

China to Set the Pace for Production of Rapeseed Oil

Regarding production, global rapeseed oil business is expanding at a rate of 3.5%, and reached a volume close to 28 million metric tons in 2017. The primary region for the output of rapeseed oil was Asia Pacific, at more than one-third of the total volume, with China leading the rapeseed oil market with a share of more than 65% in the region. In revenue terms, the global rapeseed oil market is accelerating at a rate of 3.7%, and reached a value of around US$ 27,600 Mn in 2017. The region generating the highest revenue for rapeseed oil is Europe, with a share of more than 40%, assisted by the higher prices of rapeseed oil as compared to other regions.

At-home Consumption in Stiff Competition with Foodservice Providers

Despite the dominance of foodservice providers regarding the consumption of rapeseed oil, consumers are building a foundation for the growth of the households/retail segment. An inclination towards rapeseed oil instead of olive oil for cooking, frying, and other applications is being observed.

The Rise of Biodiesel, in Search of a New Alternative Fuel, is Impelling the Growth of Rapeseed Oil

One of the sectors that is assisting the growth of the rapeseed oil market is the biodiesel industry. In pursuit of new alternative fuel, biodiesel has been recognized as the perfect replacement for traditional diesel. Diesel has long been the pillar of the fuel industry, but new taxation policies and the damage it does to the environment by harmful emissions are some of the reasons that it is less preferred nowadays. Conventional diesel is a product of refined crude oil, while biodiesel is made from traditional diesel and organic, renewable resources such as rapeseed oil. The need for biodiesel is increasing by the day, and is one of the major factors driving substantial growth in the rapeseed oil market.

Europe is the Leading Revenue Generating Region in the Global Rapeseed Oil Market

Region wise, the rapeseed oil market in Europe is growing well with increasing biodiesel prospects and also in food products such as baked goods. Changing consumer food patterns from animal to vegan products with the need for dietary fat oils have been helping the growth of the rapeseed oil market. Asia Pacific is just behind Europe, with revenue being most generated from the food processing segment. The rapeseed oil market in Latin America looks promising with expected annual growth rate of 4.8%.

This report provides a forecast and analysis of the global rapeseed oil market. It provides estimated data of 2018, and forecast data up to 2027 in terms of revenue (US$ Mn). The report also includes key macroeconomic indicators influencing the consumption of various food and beverage products, along with an outlook on rapeseed oil for the global market. It includes the market growth drivers and challenges for the global rapeseed oil market, and their impact on each region during the forecast period. The rapeseed oil market report also comprises the study of current issues with consumers, and opportunities for rapeseed oil end products. It also includes value chain analysis.

Rapeseed is a member of the Brassica species, which includes turnips and cabbages. The cultivation of this crop first started some thousands of years ago in China, India, and Japan. At present, rapeseed oil is one of the most important vegetable oils for human consumption. The oilseed rape plants can grow up to 175 cm in height, and have unique yellow flowers with green-blue leaves. The seeds are round, small, and black. Large areas where the cultivation of rapeseed for oil is done is mostly in Poland and elsewhere in the European Union. Rapeseed oil is widely used for various applications such as marinating meals, salad dressings, and sauces. Rapeseed oil has low content of erucic acid and glucosinolates, elements that present possible health hazards to individuals, and lessen the palatability and nutritious value as feed. Because of the implicit health aids linked with the lowest saturated-fat content in all main vegetable oils, rapeseed has been recognized as a major source of vegetable oil, globally. Rapeseed contains barely 40 percent oil, which naturally accounts for 50 to 60 percent of the total seed value. Rapeseed oil is suitable for use in cooking oils, salads, and baking. Extending the marketing channel, rapeseed oil reaches customers in processed food products such as salad dressings, potato chips, baked goods, mayonnaise, and candies.

Talking about the availability, summer is the peak time for oilseed rape crops, and once pressed or extracted, the rapeseed oil has a very long shelf life, and can be stored for several months as long as it’s in a vacuum-packed container at room temperature in an area safeguarded from daylight. Rapeseed oil can be bought at most retail channels all year long.

Plant oils such as rapeseed oil are mainly used for human consumption, as an ingredient in food, or as margarine and salad oil. The non-edible uses of rapeseed oil include industrial applications, particularly in making soaps, cosmetics, and detergents. Generally, the need for rapeseed oil is completely correlated to GDP growth rate, but additional factors such as variations in appetite and competition with new fats also play a significant role. One can anticipate that the demand for rapeseed oil will stay adequately robust to endure incessant progression in the rapeseed oil market. Also, the development of biodiesel has prompted a remarkable upsurge in both, the production and consumption of rapeseed oil.

In order to provide the users of this report with a comprehensive view of the rapeseed oil market, we have included a detailed competitive analysis, key rapeseed oil market players, and their strategy overview. A dashboard view of the entire landscape provides a detailed comparison of rapeseed oil manufacturers on metrics such as total revenue, product offerings, and key differentiators. The study encompasses rapeseed oil market attractiveness analysis by nature, end use, extraction process, and sales channel. The report also covers detailed drivers, restraints, trends, and opportunities assessment in the rapeseed oil market.

The report includes rapeseed oil market company profiles, and revenue generated from the companies across North America, Latin America, Europe, Asia Pacific excluding Japan, Japan, and the Middle East & Africa. By nature, the global rapeseed oil market is segmented into organic and conventional. The conventional segment is leading the market share in terms of both, revenue and quantity. By end use, the global rapeseed oil market is segmented into food processing, cosmetic and personal care products, biodiesel, animal feed, and households (retail). The food processing segment is ruling the market by a significant margin. By extraction process, the global rapeseed oil market is segmented into solvent-extracted and cold-pressed. The cold-pressed rapeseed oil segment should gain special attention. It is free from chemical activities, possess a characteristic taste with a hint of nuts, intense color, and distinct aroma, and developed in popularity not only in Poland, but also in Switzerland, Germany, Great Britain, and Austria. By sales channel, the global rapeseed oil market is segmented into direct sales, hypermarkets/supermarkets, convenience stores, specialty retail stores, traditional grocery stores, and online retailers. The direct sales segment is a prime segment and leading the share by an enormous margin. This is due to the fact that, oil is majorly used in food processing.

For the estimation of market size of rapeseed oil, oilseed rape production in various regions and countries were taken into account, along with the production of different by-products. Yield of rapeseed oil was then estimated based on different methods of extraction. To cross-reference the estimates of overall supply, consumption of rapeseed oil was taken into consideration. Regional production as well as the consumption of rapeseed oil was considered for market sizing. The average utilization of rapeseed oil across different end use applications were analyzed, including industrial, foodservice providers, and retail. This was cross-validated with the market share of rapeseed oil within the overall oilseeds market. The prices of rapeseed oil have been collected at the manufacturer level to arrive at the market size for rapeseed oil.

The report provides detailed competitive and company profiles of key participants operating in the global rapeseed oil market. Some of the major companies operating in the global rapeseed oil market are Cargill Inc., Wilmar International Limited, THE SODRUGESTVO GROUP, Oilio (ADM), INTERFAT, O. & L. Sels GmbH & Co. KG, ViOil Group, Geostroy Engineering Ltd., The DLG Group, SCANOLA A/S (Danish Agro), Biona Organic, YORKSHIRE RAPESEED OIL, Cotswold Gold, and SMAKRIK (IKEA), among others.

Global Rapeseed Oil Market – By Nature