Rapa
or oilseed plant is Rapeseed oil or Canola oil producing plant
variety that comes under Brassica family. The oil is obtained from
the plant and the left over after extracting oil is used for various
purposes. The oil is used to prepare bio-fuel, as an edible oil and
the left over is used as fertilizer and animal feed.
The
global
Rapeseed market is segmented by end-use as rapeseed oil for
bio-fuel, rapeseed oil for cooking purpose, rapeseed plant leftover
for fertilizer, rapeseed plant leftover for animal feed and others.
Others category includes ink manufacturing for printing etc. The
market is also based on application as household uses, agricultural
uses and industrial uses. Geographically, market can be segmented
into North America, Europe, Asia Pacific and Rest of the World.
The
key drivers of this market greater usage of rapeseed oil in cooking
by middle class population in developed markets. Moreover the rising
feed cost triggered the rapeseed cultivators to integrate their
process to cater different segments in the market such as household
consumers and feed. Some of the restraining factors could be high
production cost and licensing for manufacturers. Moreover government
regulations on labeling and selling of the oil limits the growth in
this market.
The
Rapeseed oil market globally is expected to grow with a substantial
single digit CAGR over the period of 2013- 2019. Earlier it was used
as lubricant or for lighting purpose, but in last 40 years the use of
Rapeseed oil has come into mainstream cooking. It is a good source of
unsaturated fatty acid, vitamin E and Omega3.
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Some
of the key players in Rapeseed oil Market are Hunan Vchen Oil and
Fats Industry Co., Ltd, Sunora Foods, Archer Daniels Midland Company,
K S Oils among others.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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