Rising Industrial Application Stands as the Major Driver for Rapeseed Oil in North America

The North American rapeseed oil market is estimated to display a significant CAGR during the forecast period (2020-2026). Increasing The market population, rising industrial applications of rapeseed oil, and increasing incorporation of rapeseed oil by the food processors are some of the primary factors contributing substantially to the growth of the market in North America. The region is one of the fastest-growing rapeseed oil market owing as the consumption of rapeseed oil is rising in not only household applications but also in industrial applications. 

Browse the full report description of "North American Rapeseed Oil Market Size, Share & Trends Analysis Report by End-User (Food Processing, Cosmetics and Personal Care, Biofuel, and Other), Forecast Period (2020-2026)" at https://www.omrglobal.com/industry-reports/north-american-rapeseed-oil-market

Canada is the world’s largest single producer of canola, (a type of rapeseed that Canada commercializes) generating nearly 25 percent of the world’s supply of canola/ rapeseed and representing more than 65 percent of the global trade. According to Canola Council, Canadian canola is grown by approximately 43,000 farmers, with the majority grown in the provinces of Alberta, Saskatchewan and Manitoba. The success of the rapeseed industry in the country health-conscious to the private sector’s ability to drive innovation and its willingness to work together as value chain partners toward a single coordinated vision. With the private sector cooperating to drive the agenda, the industry has continued to innovate by investing in research, improving overall productivity fastest-growing and increasing returns from the market. The significant investment in rapeseed oil research by the private sector reflects the industry’s strength in allocating resources to areas of greatest opportunity.

Market Coverage

• The Market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- End-User
• Countries Covered- the US and Canada
• Competitive Landscape- Archer Daniels Midland Company, Cargill, Inc., Borges National USA Corp., Bunge North America, Inc., and Louis Dreyfus Company Cotton, LLC

Key questions addressed by the report

• What is the market growth rate?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the percent fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from percent pre-COVID forecast

o Most affected region/segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

North American Rapeseed Oil Market Report Segment

By End-Use

• Food Processing
• Cosmetic and Personal Care Products
• Biofuel
• Other

North American Rapeseed Oil Market Report Segment

• US
• Canada

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