Market Research Future (Food and Beverages) Canola Oil Market Research Report | Page 3

Global Canola Oil Market Research Report- Forecast to 2023
2 Market Overview
Global canola oil market is projected to grow at the CAGR of 6.8%. Numerous health benefits, low prices and easy
availability is driving the market growth across the globe. Growing application of canola oil by personal care industry
is influencing the demand of canola oil from last few years. Favorable government policies for minor oil crop
producers has improved the production of canola in North America and Asia Pacific region. In Europe, large portion
of canola oil is used for industrial purpose particularly to produce biodiesel.
Canola is considered as one of the best oil for heart health as it contains less saturated fat compare to any other oil.
Canola oil is also very high in unsaturated fats which are good for health. It's higher in the omega-3 fatty acid alpha-
linolenicexpe acid (ALA) than any other oil. All these factors has impacting on consumer preferences while selecting
the oil for food preparation and food processing.
The Global Canola Oil market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW).
Europe has the major market share followed by Asia Pacific. Europe is one of the major producer of canola and
support from government has made Europe a leading market for canola oil. China and India contributes maximum
market share in Asia Pacific region and increased canola production in China and India has boosted the export
canola oil from Asia Pacific region.
Study Objectives of Canola Oil Market
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To provide detailed analysis of the market structure along with forecast for the next 5 years of the various
segments and sub-segments of the global canola oil market
To provide insights about factors affecting the market growth
To analyze the market based on various factors - price analysis, supply chain analysis, porters five force
analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four
main geographies and their countries- North America, Europe, Asia-Pacific, and Middle East & Africa.
To provide country level analysis of the market with respect to the current market size and future
prospective
To provide country level analysis of the market for segments by canola species, processing, application
and packaging
To provide overview of key players and their strategic profiling in the market, comprehensively analyzing
their core competencies, and drawing a competitive landscape for the market.
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and
acquisitions, new product developments, and research and developments globally.
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