The North American rapeseed oil market is anticipated to grow at a CAGR of 6.5% during the forecast period. Increasing consumer purchasing power, rising health-conscious population and changing eating patterns due to obesity have given rise to the consumption of rapeseed oil in North America. In North America, the major utilization of rapeseed oil is for food applications, with a trivial share going into bio feed and industrial use. However, biodiesel production to reduce greenhouse gas emissions is becoming a priority for the US and is assesses as a significant market for rapeseed oil in the country. Further, with a hefty share of the production of rapeseed oil exported, the industry provides jobs and economic growth to communities across the region because of international market opportunities. 

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According to USDA FAS, the production of rapeseed decreased by five percent in 2018/19 marketing year, however, the total supplies remain unaffected due to high ending stocks the preceding year. The report predicted an increase in the rapeseed area planted in 2020/21, despite an uncertain global oilseed market and agronomic concerns associated with the spread of clubroot, which would give the rapeseed oil a minute growth rate in the region. The increase in the production of rapeseed oil is also supported by the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) trade agreement, bringing down tariff rates in key markets, such as Vietnam and Japan.

The market is segmented on the basis of the end-user. Based on the end-user segment, the market is sub-segmented into food processing, cosmetics and personal care, biofuel, and others. Country-wise, the North American rapeseed oil market is bifurcated into the US and Canada. Canada is the leading player in the international rapeseed oil market. The region is home to Archer Daniels Midland Company, Cargill, Inc., Borges National USA Corp., Bunge North America, Inc., and Louis Dreyfus Company Cotton, LLC among other players dealing in rapeseed oil. 

Research Methodology

The market study of the North American 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 North American 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 North American rapeseed oil market.
• Insights about market determinants which are stimulating the North American rapeseed oil market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.