Rapeseed Oil Market is Expected to Reach US$ 35.39 Bn
by 2021
According to a
new market report published by Credence Research "Rapeseed Oil Market -
Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 -
2021," the rapeseed oil market was valued at US$ 23.76 Bn in 2014, and is
expected to reach US$ 35.39 Bn by 2021, expanding at a CAGR of 6.9% from 2016
to 2021.
Browse the full Rapeseed Oil Market for Biodiesel,
Food, Feed and Other Applications- Growth, Share, Opportunities, Competitive
Analysis, and Forecast 2015 – 2021 report at http://www.credenceresearch.com/report/rapeseed-oil-market
Market Insights
Rapeseed oil
is extracted from rape crop which is the third largest crop cultivated in
Europe. The global market for rapeseed oil is anticipated to witness rapid
growth during the forecast period due to various health benefits and
advantageous properties such as its use in production of biodiesel, as
vegetable oil in food, etc. The increasing demand for biodiesel is another factor
promoting growth of global rapeseed oil market.
Frequent
changes in food consumptions of people globally have led to growing use of
vegetable oils. The shift in food pattern from animal products to vegetable,
grains, fruits, etc. is due to health awareness among major population. Demand
for high quality dietary fats and oils have been observed in various regions
worldwide. Rapeseed oil has been proved to be the healthiest oil among other
oils such as soybean, sunflower, etc. The health benefits offered by rapeseed
oil such as cholesterol free and reduce the risk of cardiovascular diseases is
driving the consumption of rapeseed oil worldwide.
Competitive Insights:
Europe
accounted to be the major rapeseed oil producing region. Rape is the third
largest cultivated crop in UK. Rapeseed oil is thereby consumed on a large
scale in the region for production of biodiesel and in food applications. The
growing concerns related to fossil fuels have led to greater demand for
biofuels such as biodiesel. Europe accounted for more than 30% share of global
rapeseed oil market in 2015 and is expected to grow in the near future. Asia
Pacific followed Europe in terms of demand for rapeseed oil and is projected to
be the second fastest growing market in 2015. China and India are expected to
be the major consumers of rapeseed oil among other countries in Asia Pacific.
India accounted for more than 18% of the global rapeseed oil market in 2015. In
addition, Middle East and Africa (MEA) and Rest of the World (RoW) are also
expected to boost demand for global rapeseed oil in the market.
For More
Reports Related to This Category @ http://www.credenceresearch.com/industry/food-and-beverage-market
Major players
involved in the production of rapeseed oil are focusing on marketing strategies
and new product launches to gain a strong foothold in emerging economies
globally. To increase market opportunities, the major weapon used by small as
well as major players is mergers and acquisitions. Increasing demand for
rapeseed oil for large number of applications is the major factor for new
entrants to compete and gain foothold in the market.
Key Trends:
Reduced risk
of heart diseases
Biodiesel
production
Substitute to
Olive Oil
Opportunities
for growth in cosmetic and personal care products market
About Us:
Credence
Research is a worldwide market research and counseling firm that serves driving
organizations, governments, non legislative associations, and not-for-benefits.
We offer our customers some assistance with making enduring enhancements to
their execution and understand their most imperative objectives. Over almost a
century, we’ve manufactured a firm extraordinarily prepared to this task.
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