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Wednesday 31 May 2017

Rapeseed Market Driven by Growing Health Awareness & Increasing Demand for Dietary Fats & Oils

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.

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.

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.

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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.

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.


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