Asia Pacific Canola Oil Market

Asia Pacific Canola Oil Market Size (2024 to 2029)

Asia Pacific Canola Oil Market size is expected to be worth USD 8.0 million in 2024 and estimated to be growing at a CAGR of 7.92%, to reach USD 11.72 million by 2029.

Canola oil is used for both industrial purposes and cooking purposes. It is used as biodiesel for industrial purposes. It offers many health benefits like rich source for omega 3 and omega 6 fatty acids that are good for heart. It is the third largest oil crop in the world. It also helps in lowering the levels of bad cholesterol due to its high content of oleic acid. Primary factors accounted for driving the market are increasing risk factors for cardiovascular diseases and increasing population of individuals affected with cardiovascular diseases, shifting consumer focus and preference towards healthy diet and low fat oils and increasing awareness regarding the health benefits of canola oil. On the other hand, expensive price of canola oil compared to other edible oils is the factor hindering the growth of market.

This Research Report on Asia Pacific Canola Oil Market is segmented, and sub segmented into following categories.

Asia Pacific Canola Oil Market By Application

• Cooking purposes
• Industrial use

Asia Pacific Canola Oil Market By Region

• China
• India
• Japan
• South Korea
• Australia

China holds the major share in the market due to the presence of market leaders as well as the extensive use of canola oil for cooking purposes. Australia is the fastest-growing region due to increasing disposable income, growing awareness, and increasing adoption rate.

Based on the Application, Cooking purpose holds a major share in the market due to its higher smoke point than much other edible oil and its use in multiple cuisines. The Industrial Use segment is the fastest-growing one based on the application due to the increasing use of canola oil as biofuel and uses in cosmetics.

KEY PLAYERS IN ASIA PACIFIC CANOLA OIL MARKET 

Key Players In Asia Pacific Canola Oil Market Are Archer Daniel Midland Company,Associated British Foods, Burge, Cargill, Wilmar International, Conagra Foodservice, DalmiaShop, Huiles TITAN OILS, Jivo Wellness, Richardson International.