A
new report by Transparency Market Research on the global rapeseed
market state that the use of rapeseed is increasing consistently
among the middle-class people in most of the emerging nations. The
use of rapeseed oil is increasing for preparing bio-fuel, as a
fertilizer, and for cooking. The leftover of rapeseed plant is also
used as an animal feed in many nations. The use of rapeseed oil is
increasing for the production of ink that is used for printing.
Rapeseed or rapa also finds application in various industrial,
residential, and agricultural purposes, thus is growing in importance
across many locations.
View
exclusive Global strategic Business
report:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10967
The
report, titled “Rapeseed Market - Global Industry Size, Market
Share, Trends, Analysis, and Forecast 2016 - 2023,” states that the
global market is expected to benefit from the entry of new
manufacturers of rapeseed oil. Geographically, the global rapeseed
market is divided into Asia Pacific, Europe, North America, and Rest
of the World. Although the global rapeseed market is spread across
many locations, key manufacturers are still facing licensing issues
in many of the developing nations, which is a threat to the global
market. The high cost of production of rapeseed oil and other
products is also expected to hamper the growth of the global market
throughout the forecast period.
As
per the findings of the report, the governments of many nations are
contributing on a large scale to increase the production of rapeseed
oil. Governments of many nations are also investing funds to improve
the production equipment and devices to increase the production,
which is another factor expected to propel the global market in the
long run. The growing application of rapeseed and its rising sales
will propel the global market, says the analysts. Earlier, rapeseed
was used for lighting purpose or as an essential lubricant.
Over
the past four decades, the application of rapeseed
has become diverse as it has entered the mainstream cooking. As
rapeseed is a good source of vitamin E, unsaturated fatty acid, and
omega3, it is being increasingly used for cooking. The rising use of
rapeseed oil for cooking is expected to propel the global market
throughout the forecast period. Considering its many health benefits,
a big pool of middle-class people have started using rapeseed oil for
cooking.
The
report also briefs readers about key companies operating in the
global rapeseed market. Some of the leading companies listed in the
report on the global rapeseed market are Hunan Vchen Oil and Fats
Industry Co., Ltd, Archer Daniels Midland Company, Sunora Foods, and
K S Oils.
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