Rapeseed
oil is an oil extract derived from the black seeds of a bright yellow
colored plant commonly known as oilseed rape plant. The rapeseed
plant is widely cultivated across the world for its oil-rich seeds
that serve a number of health benefits. Changing consumer food
habits, growing health consciousness and taste preferences has driven
the market demand and production of rapeseed oil globally. Rapeseed
oil have been proved to be the healthiest oil which has contributed
to the increasing demand for rapeseed oil market. Rapeseed oil has an
extensive application in food industry followed by personal care
products owing to its nutritional benefits. Rapeseed oil market is
expected to witness a significant growth during the forecast period
owing to the changing consumer usage of vegetable oils.
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Rapeseed
Oil: Market Dynamics
The
prominent shift in consumer food patterns from animal to vegetable
products owing to growing health awareness along with the increasing
demand for dietary fats and oils have primarily driven the global
rapeseed oil market. Consumers in need for curbing down the health
issues such as cardiovascular ailments and cancer is another major
factor that is leading to the increasing consumption of rapeseed oil
thereby fueling the growth of global rapeseed oil market. The growing
food industry and its aim of producing healthy food for consumers are
also expected to drive the rapeseed oil market. Owing to the
nutritional benefits such as low saturated fat content, Vitamin E,
high content of unsaturated fat and antioxidants is expected to
majorly drive the global rapeseed market during the forecast period.
Apart from food industry, rapeseed oil has a major application in the
personal care products such as oils, cream and lotions. The presence
of Vitamin E and antioxidants in cosmetic products helps in reducing
scar tissues, repairs damaged hair, repairs skin conditions such as
itching, eczema and acnes thereby promoting a healthy skin. Rapeseed
oil is also used a carrier oil that can be applied topically.
However,
rapeseed oil lacks minerals and other vitamins which is a big
restraint to the demand for rapeseed
oil market. Rapeseed oil, in spite of having nutritional benefits
is considered to be a food of minimum nutritional value if it is
consumed as a significant part of the overall diet.
Rapeseed
Oil: Segmentation
Rapeseed
oil can be segmented on the basis of end use which includes:
Food
Processing
- Vegetable Recipes
- Oil Cake
- Meat Recipes
- Others
Cosmetic
and Personal Care Products
- Creams
- Lotions
- Oils (Hair / Body)
- Others
Biodiesel
Others
Rapeseed
Oil: Regional Segmentation
The
geographical coverage for the global rapeseed oil market includes
North America, Latin America, Europe, Asia pacific and China (APAC)
and Middle East and Africa (MEA). Europe accounts for the maximum
production of rapeseed oil. UK accounts for the third-largest
cultivator of rape plant. Asia- Pacific accounts for the second
fastest growing market in the global rapeseed oil market. India and
China are expected to be the major rapeseed oil consumers in APAC
region thereby boosting up the global rapeseed oil market.
Rapeseed
Oil: Key Players
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