A
large number of people are switching to canola oil on account of the
various health benefits it offers. Transparency
Market Research (TMR) in its latest report, answers key questions
with regards to the future growth prospects and scope of the canola
oil market. The report is titled “Canola
Oil Market - Global Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2016 – 2024.”
It
segments the market on the basis of key criteria and also discusses
the leading, fastest growing, and declining segments. The key driving
factors and those challenging the market are both discussed in
detail. In addition to this, the report identifies future
opportunities of growth within the canola
oil market.
The degree of competition, bargaining power of suppliers and buyers,
threat of substitutes, and barriers faced by new entrants are given
in the report, making it a must have for investors, wishing to make
profits in the canola oil industry.
Canola
oil is being used extensively on account of the growing number of
patients suffering from heart ailments. As canola oil contains omega
3 and omega 6 fatty acids, which are good for the heart, the demand
for this oil is anticipated to escalate in the coming years. As per
the report, canola oil is the third largest oil crop in the world and
is being used not only in the food industry but also in oleo
chemicals and bio-fuels. Canola oil also has numerous beauty
benefits, and thus used in the cosmetic industry extensively. Some
of the benefits of canola oil in terms of beauty are blemish,
wrinkle, fine lines, and acne control. In addition to this, the
remaining material is used as livestock feed and is the second most
popularly used feedstock. However, the price of canola oil is high
and therefore substitute such as soybean are used. This is expected
to restrain the growth of the market.
For
more information on this report, fill the form @
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=14366
By
geography, the market is expected to be led by Europe which produces
the highest quantity of canola oil in the world. China is second in
terms of production volume and Canada is the leading exporter of
canola oil, making both Asia Pacific and North America lucrative
markets. The global canola oil market is fragmented and some of the
leading manufacturers of canola oil include Jivo Wellness Pvt.
Limited, Associated British Foods plc, Archer Daniels Midland
Company, and The J.M. Smucker Company. As per the report, the market
competition is anticipated to intensify in the coming years. The
study also gives information regarding mergers and acquisitions, and
recent developments by key companies.
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