Extracted Canola Oil Market Insight: Market Trends, Growth, Forecasted from 2024 TO 2031

Market Overview and Report Coverage

Extracted Canola Oil is a type of vegetable oil derived from the seeds of the canola plant. It is a versatile and healthy oil that is commonly used in cooking, baking, and as a salad dressing. The market for Extracted Canola Oil is expected to witness significant growth in the coming years, with a forecasted Compound Annual Growth Rate (CAGR) of %.

The increasing awareness among consumers about the health benefits of canola oil, such as its low saturated fat content and high levels of heart-healthy omega-3 fatty acids, is driving the growth of the Extracted Canola Oil market. Additionally, the rising demand for natural and organic food products is further propelling the market growth.

Furthermore, the market for Extracted Canola Oil is also benefiting from the growing popularity of plant-based diets and the increasing use of canola oil in various food products and recipes. Manufacturers are also focusing on product innovation and introducing new variants of Extracted Canola Oil to cater to the diverse preferences of consumers.

Overall, the future outlook for the Extracted Canola Oil market looks promising, with a steady growth trajectory expected in the forecasted period. The market forecast indicates that the demand for Extracted Canola Oil will continue to rise, driven by consumer preferences for healthier and sustainable food choices.

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Market Segmentation

The Extracted Canola Oil Market Analysis by types is segmented into:

• Transgenic Canola Oil
• Non-transgenic Canola Oil

Extracted Canola Oil Market can be divided into two main types - Transgenic Canola Oil and Non-transgenic Canola Oil. Transgenic Canola Oil is produced from genetically modified canola plants, which are engineered to be resistant to certain pests and herbicides. On the other hand, Non-transgenic Canola Oil is made from traditional canola plants that have not been genetically modified. Both types of canola oil are widely used in the food industry for cooking, baking, and as a salad dressing.

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The Extracted Canola Oil Market Industry Research by Application is segmented into:

• Food Industry
• Biofuels
• Oleo Chemicals
• Other

Extracted Canola Oil is widely used in the food industry for cooking, frying, salad dressings, and baking due to its neutral flavor and high smoke point. In the biofuels sector, it is utilized as a renewable and sustainable alternative to traditional fossil fuels. Canola oil is also used in the production of oleo chemicals, such as soaps, detergents, and lubricants. Additionally, it finds application in various other markets, including cosmetics, pharmaceuticals, and animal feed.

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In terms of Region, the Extracted Canola Oil Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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What are the Emerging Trends in the Global Extracted Canola Oil market?

The global extracted canola oil market is witnessing a shift towards healthier eating habits driving the demand for natural and organic products. Consumers are looking for cooking oils with low saturated fats and high levels of omega-3 fatty acids, making canola oil a popular choice. There is also a growing preference for non-GMO and sustainable sourcing practices in the industry. In addition, advancements in extraction technologies are improving the efficiency and quality of canola oil production. With the increasing awareness about the health benefits of canola oil, the market is expected to witness steady growth in the coming years.

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Major Market Players

Louis Dreyfus Company, ADM, Cargill, Bunge, and Wilmar International are some of the key players in the extracted canola oil market. Louis Dreyfus Company is a leading global merchant and processor of agricultural goods, including canola oil. The company has a strong presence in the market and offers a wide range of canola oil products to customers worldwide.

ADM is another major player in the extracted canola oil market, with a focus on sustainable sourcing and production practices. The company has been investing in research and development to enhance the quality of its canola oil products and meet the changing consumer preferences.

Cargill, Bunge, and Wilmar International are also prominent players in the extracted canola oil market, with a strong distribution network and a diverse product portfolio. These companies have been focusing on expanding their presence in emerging markets and launching innovative products to capitalize on the growing demand for canola oil.

The extracted canola oil market has been witnessing steady growth in recent years, driven by the increasing awareness about the health benefits of canola oil and the rising demand for natural and sustainable cooking oils. The market size is expected to continue expanding, with key players investing in new technologies and product development to meet the evolving consumer needs.

In terms of sales revenue, Cargill reported sales of $ billion in 2020, while Bunge reported sales of $41.4 billion in the same year. Wilmar International also reported sales of $44.7 billion in 2020. These figures highlight the strong market position of these companies in the extracted canola oil market.

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