Canola Oil Market - Global Industry Analysis, Trends and Forecast 2016 – 2024

Canola Oil Market - Global Industry Analysis, Trends and Forecast 2016 – 2024

  • Submitted By: amyjames
  • Date Submitted: 09/12/2016 4:02 AM
  • Category: Business
  • Words: 1488
  • Page: 6

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Canola Oil Market - Global Industry
Analysis, Size, Share, Trends and
Forecast 2016 - 2024

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Production of canola seed has grown rapidly over the past forty years. Globally canola has become the third largest oil crop.
Canola production occupies 15% to 20% of word oil crop production. Canola oil is produced from crushing canola seed which is
the third most produced vegetable oil across the globe. After deriving the oil the remaining material is used as a meal for
livestock feed. This is the second most preferred feed stock after soybean. Canola oil contributes approximately 20% to 25%
share in Edible oil market. Canola oil is very much suitable for heart health as it contains both omega-3 and omega-6 fatty acids,
which is fueling the market growth across the globe.
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Canola Oil Market Segmentation
The canola oil market has been segmented on the basis of end use which includes food service restaurants, food processor,
cosmetics and retail (end consumers). Among all these segment retail segment is expected to occupy the major market share.
Rising cardiovascular diseases has shifted the consumer focus towards consumption of food containing low cholesterol which is
expected to drive the segment growth in the near future. Moreover, food processor segment is expected to account for
substantial growth over the forecast period....

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