The global canola oil market is forecasted to rise at a 3.81% CAGR, reaching USD 50.592 billion by 2030 from USD 41.963 billion in 2025.
Canola Oil is a vegetable-based edible oil which comes from the seeds of one of the most extensively produced crops in the world. Canola plants have lovely little yellow blossoms that eventually turn into pods that resemble pea pods. Little, black seeds in each pod, comprising about 45 per cent oil, are found there. Canola seeds are crushed after they are collected to extract the oil that is within. Afterwards, the oil is refined one more before being packaged as canola oil.
Given that it contains no trans-fat and the least amount of saturated fat out of any typical cooking oil, canola oil is one of the healthiest cooking oils on the market. Also, canola oil is perfect for preparing a variety of healthful dishes, both at home and in commercial settings, due to its affordability and versatility which is propelling the demand for canola oil globally. It is also one of the greatest oils for heart health since it contains the least saturated fat of any widely used oil worldwide because reduced consumption of saturated fats lowers cholesterol levels. Canola oil has also applications outside the food industry which is further driving its demand. For instance, canola oil is used to make eco-friendly lubricants, inks, soaps, paints, cosmetics and plastic products.
Yet, the worldwide canola oil market is being constrained by the availability of a wide range of healthier & more affordable alternatives and the volatile and high price of the oil. Moreover, one of the most recent uses for canola oil is as a raw material for sustainable fuel production. Low-carbon biodiesel, which has the potential to significantly cut greenhouse emissions, is being made using canola which is providing massive opportunities to key market players during the projection period.
It is the health benefits associated with canola oil consumption that is driving the global market's growth. Canola oil, which is high in beneficial fats and may replace saturated fats, lowers LDL cholesterol levels in the blood, reducing the risk of heart disease. An increasing amount of scientific evidence shows that canola oil may benefit a number from long-term health issues, such as metabolic syndrome, heart disease and diabetes. Canola oil has received recognition as a heart-smart oil from several health organisations. It has also been given a qualified health claim by the U.S. Food and Drug Administration due to its ability to lower the risk of heart disease when used in place of saturated fat. Due to the high monounsaturated fat content of high oleic canola oil, the FDA has also approved a qualified health claim for it.
Growing incidences of chronic disease such as cardiovascular disease, and diabetes is forcing consumers to switch towards canola oil for cooking purposes. For instance, around 537 million people worldwide have diabetes as of 2021; this number is projected to rise to 643 million by 2030 and 783 million by 2045, respectively. In the same year, diabetes was directly responsible for 6.7 million deaths. According to data from the Central Disease Centre, heart disease is the main cause of death for both sexes and the majority of racial and ethnic groups in the United States. Every 34 seconds, cardiovascular disease claims one life in the United States. Almost 697,000 people in the United States died from heart disease in 2020.
The North American region is anticipated to hold a significant amount of market share in canola oil. The United States is one of the largest buyers of canola oil and it is the second most edible oil in the country. According to the Canadian International Merchandise Trade Database stats shows that the total vegetable oil consumption in the USA is 18.9 million metric tonnes in 2021 and imported 1.9 million metric tonnes of canola oil from Canada worth CAD 3.5 billion the same year. The National Agricultural Statistics Service of the USDA reports that canola output in the United States reached record levels in 2022, increasing by a staggering 45 per cent from 2021. With more than 50% of all vegetable oil eaten in Canada, canola oil is the most popular edible oil among Canadian consumers. Canada consumed 1.64 million metric tonnes of canola oil in 2021, according to Canadian International Merchandise Trade Database. The shift in consumer preferences towards healthier food choices and rising incidence of chronic diseases such as diabetes and cardiovascular condition is driving the growth of the market in this region. Prime markets in the North American region include the United States, Canada and Mexico.
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