The Asia-Pacific rapeseed oil market is anticipated to at a CAGR of more than 7% during the forecast period. Rapeseed is one of the largest oilseed crops in Asia-Pacific, and the largest in China accounting for about 20% of global production. For the last decade, the production, acreage area, and yield of rapeseed have been steady, incentivized with enhancements in seed oil content and quality. A large number of individuals as well as food processors have started using rapeseed oil in staple foods in the region. Rising disposable incomes and increasing preference toward healthy foods in developing countries including China and India have been the primary driving factors of the Asia-Pacific rapeseed oil market.

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The Asia-Pacific rapeseed oil market is segmented on the basis end-user into food processing, cosmetics and personal care, biofuel, and others. The rapeseed oil has been used in the region owing to rising disposable incomes and shifting eating patterns in the consumers focusing on healthy diets. The prospect for rapeseed oil in biodiesel also seems bright with a combination of factors including high crude oil prices and domestic job creation inducing growth. 

Country-wise, the market is segmented into China, Japan, India, and Rest of Asia-Pacific. China is the biggest producer of rapeseed oil accounting for a hefty share of about 20%. China is also among the leading countries for research in rapeseed genomics, internationally. There has been a solid trend of rising in total production, acreage area, and yield of rapeseed in the country over the last decade, inducing substantial growth to the Asia-Pacific rapeseed oil market. Improvements in research coupled with the expansion of mechanization have begun a transition to mechanized farming from manual, in the rapeseed industry, driving the production of rapeseed oil in the region.

Archer Daniels Midland Co., Bunge, Ltd., Cargill, Incorporated, ConAgra Foods, Inc., and Thai Vegetable Oil Public Co., Ltd. are some of the giants operating in the Asia-Pacific rapeseed oil market. Apart from the international players operating in the region, a large number of small-scale distributors have also entered the market in the last few years. India and China are considered the potential hotspots for growth in the rapeseed oil industry, numerous companies are looking to tap the markets for lucrative growth.  

Research Methodology

The market study of the Asia-Pacific rapeseed oil market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

The Report Covers

• Comprehensive research methodology of the Asia-Pacific rapeseed oil market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific rapeseed oil market.
• Insights about market determinants which are stimulating the Asia-Pacific rapeseed oil market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.