[FURL=https://www.industryarc.com/Report/16603/canola-oil-market.html]Canola Oil Market[/FURL] size is forecast to reach $ 7.5 Million by 2025, growing at a CAGR of 3.7% during the forecast period 2020-2025.Canola Oil is vegetable oil derived from variety of rapeseed that is low in erucic acid as opposite to colza oil. These both oils are edible and industrial forms produced from the seed of any of several cultivators of the plant family Brassicaceae, namely cultivars of Brassica napus, Brassica rapa subsp. Canola oil is key ingredient to many foods. Its reputation has created high demand in markets around the world also it is considered as most consumable oil throughout the world after soybean and palm oil.Key Takeaways
Europe dominated the Canola Oil Market owing to growth and availability of rapeseed crushing in the regions.
Canola Oil market is growing owing to various traditional plant breeding techniques which are derived from rapeseed and are growing using the traditional way.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Canola Oil Market report.
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Geography - Segment Analysis
Based on Geography, Canola Oil Market is segmented to North America, Europe, Asia Pacific, and Rest of the World. Europe dominated the market in 2019 with share of 42.5%. This is owing to increasing consumption of Canola Oil in different regions of Europe. Also, with the largest rapeseed production in the region the Canola Oil market holds major share in Europe.
North America is set to be fastest growing segment during the forecast period 2020-2025 owing to presence of many food processing countries in U.S and Canada.
Drivers – Canola Oil Market
Growing Awareness regarding health benefits with respect to consumption of Canola Oil
Consumption of Canola Oil influences biological functions that affects various other biomarkers of disease risk. Growing number of research indicate that biomarkers beyond blood lipids are influence by Canola Oil consumption. Canola oil which contains both omega-3 and omega-6 fatty acids which make healthy cooking oils along with less percent of saturated fats which eventually cut cholesterol levels make Canola oil benefitted to its consumption. This in turn is driving the demand for the market.
Canola Oil Industry Outlook: Canola Oil, top 10 companies are Archer Daniels Midland Company, Associated British Foods plc, Jivo Wellness Pvt. Limited, The J.M. Smucker Company, Adani Wilmar, Bunge Limited Bunge Limited, Borges Mediterranean Group, Cargill Inc., Fuji Vegetable Oil Inc. , American Vegetable Oils Inc. among others.
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