Rapeseed Oil Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast to 2025
The global rapeseed oil market size is expected to reach USD 48.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.7% over the forecast period. Growing popularity of rapeseed oil as a functional ingredient due to its rich content of vitamin E and essential fatty acids is projected to expand the market size in the nutritional industry. Furthermore, rising awareness regarding biofuels at the global level as a result of supportive government policies in developed economies including U.S. and Germany to promote production and consumption of naturally derived fuels is projected to open new avenues in the near future. Food processing is expected to reach more than USD 30.0 billion by the end of 2025. Rising concerns over cardiovascular diseases among working class people at the global level as a result of hectic lifestyle are expected to expand the scope of nutritional enriched food products. As a result, the food processing companies are expected to increase spending on the inclusion of low fat and nutritional oilseeds including rapeseed as a functional ingredient in the formulation of their finished goods. As of 2018, Asia Pacific was the largest rapeseed oil market, accounting for more than 40.0% share in terms of revenue and volume. Expansion of the middle class income groups in emerging economies including China and India is expected to expand the scope of rapeseed oil as a key constituent in formulation of various nutritional products and personal care goods.