According to a new report, published by KBV research, The Global Canola Oil Market size is expected to reach $43.3 billion by 2030, rising at a market growth of 3.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 33,294.2 Kilo Tonnes, experiencing a growth of 2.8% (2019-2022).
The Conventional segment is leading the Global Canola oil Market by Nature in 2022; thereby, achieving a market value of $36.4 Billion by 2030. Conventional canola oil aligns well with this consumer demand, as it is free from genetic modification. Consumers are increasingly scrutinizing product labels and seeking ingredients they can recognize and understand. With its non-GMO status, conventional canola oil fits into the clean label concept, appealing to consumers who want to know what goes into their food.
The Food Service segment would experience a CAGR of 4.1% during (2023 - 2030). Canola oil's versatility has played a crucial role in its adoption by foodservice establishments. Its neutral taste and high smoke point make it appropriate for various cooking techniques, such as deep frying, sautéing, and baking. Canola oil is generally more cost-effective than other premium oils, such as olive or avocado oil, making it an attractive choice for foodservice establishments seeking to manage their ingredient costs while providing high-quality food to their customers.
The Asia Pacific region dominated the Global Canola oil Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $19.8 Billion by 2030. The Europe region would exhibit a CAGR of 3.4% during (2023 - 2030). Additionally, The North America region would experience a CAGR of 3.7% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/canola-oil-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Louis Dreyfus Company B.V., Cargill, Incorporated, Associated British Foods PLC, Archer Daniels Midland Company, Wilmar International Limited, Bunge Limited, Jivo Wellness Pvt. Ltd., American Vegetable Oils, Inc., Richardson International Limited and La Tourangelle, Inc.
By Nature Volume, Kilo Tonnes, USD Million, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)
Companies Profiled
Unique Offerings 
