Canola Oil Market Size, share and Demand 2034
Canola Oil Market Growth, Size, Trends Analysis- By Product, By Application, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Sep-2025 | Report ID: FOOD25120 | Pages: 1 - 242 | Formats*: |
| Category : Food & Beverages | |||
Canola Oil Market Introduction and Overview
According to SPER Market Research, the Global Canola Oil Market is estimated to reach USD 48.51 million by 2034 with a CAGR 3.46%.
The report includes an in-depth analysis of the Global Canola Oil Market, including market size and trends, product mix, Applications, and supplier analysis. The global Canola Oil Market was valued at USD 34.52 million in 2024 and is expected to grow at a CAGR of over 3.46% from 2025 to 2034. The canola oil industry has seen notable growth in recent years, largely driven by rising consumer awareness of its health benefits. With low saturated fat and high omega-3, monounsaturated, and polyunsaturated fats, canola oil is increasingly favored by health-conscious consumers aiming to reduce risks of chronic diseases like heart conditions. This shift toward healthier diets has boosted demand for canola oil, both for home cooking and in the food processing industry. Additionally, technological advancements have streamlined production, cutting energy use and costs. Canola oil’s growing role in biodiesel, due to its eco-friendly properties, has also spurred innovation and investment. Together, these health, environmental, and technological factors are driving expansion and competitiveness in the canola oil market.
By Product:
The canola oil market is largely dominated by the processed segment, favored for its affordability and versatility in food manufacturing and biodiesel production. Its neutral flavor and high smoke point make it ideal for baking and frying, which supports its widespread use in snacks and processed foods.
By Application:
The food processing segment leads the canola oil market, favored for its neutral flavor and ability to enhance texture in products like baked goods, snacks, and dressings. Growth in this area is driven by consumer demand for convenient, healthy packaged foods and improvements in agricultural and processing capacities. In the food service sector, canola oil’s health benefits, high smoke point, and versatility make it ideal for frying and baking. Restaurants increasingly use canola oil to offer healthier menu options, supported by its cost-effectiveness and suitability for fast food, takeout, and delivery services.
By Distribution:
Supermarkets and hypermarkets lead canola oil sales due to their wide reach, product variety, and attractive pricing, appealing to health-conscious, price-sensitive consumers. Both these traditional outlets and online platforms are vital distribution channels, with digital integration enhancing convenience through options like online ordering and in-store pickup. E-commerce is rapidly growing as consumers seek flexibility and easy product comparison, especially for natural and organic options. Overall, canola oil distribution is set for continued growth driven by demand for convenience, health, and sustainability.
Regional Insights:
The North American canola oil market is expected to grow rapidly, driven by increasing consumer health awareness favoring oils with low saturated fats and high monounsaturated and polyunsaturated fats. Government support for sustainable agriculture and biofuel production also fuels growth, with the U.S. as a major consumer and Canada as a leading producer and exporter. The expanding U.S. food processing industry further boosts demand, thanks to canola oil’s neutral flavor and high smoke point. Trade policies eliminating tariffs have also helped production growth. In the Asia Pacific, the market leads globally due to rising health consciousness and population growth. Strong food service and processing sectors in China and India drive demand for versatile, healthy cooking oils like canola.
Market Competitive Landscape:
The Canola Oil Market is highly consolidated. Some of the market key players are Adani Wilmar, American Vegetable Oils, Inc., The J.M. Smucker Company, Louis Dreyfus Company, Richardson International Limited, Wilmar International Ltd., Archer Daniels Midland Company (ADM), Associated British Foods plc, Bunge Limited, Cargill Inc., Fuji Vegetable Oil Inc.
Recent Developments:
In April 2023, Cargill announced a USD 50 million investment to upgrade its oilseed crushing facilities in Newcastle, Narrabri, and Footscray, aiming to meet rising demand for omega-rich rapeseed oil and cottonseed byproducts.
In April 2021, Cargill announced a USD 350 million investment to build a new canola processing facility in Regina, modeled after its Camrose plant, to meet growing demand. The facility is expected to be operational by 2024.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Product, By Application, By Distribution Channel |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Adani Wilmar, American Vegetable Oils, Inc., Archer Daniels Midland Company (ADM), Associated British Foods plc, Bunge Limited, Cargill Inc., Fuji Vegetable Oil Inc., The J.M. Smucker Company, Louis Dreyfus Company, Richardson International Limited, Wilmar International Ltd. |
Key Topics Covered in the Report:
- Global Canola Oil Market Size (FY 2021-FY 2034)
- Overview of Global Canola Oil Market
- Segmentation of Global Canola Oil Market By Product (Processed Canola Oil, Virgin Canola Oil)
- Segmentation of Global Canola Oil Market By Application (Food Processing, Food Service, Retail, Other)
- Segmentation of Global Canola Oil Market By Distribution (Supermarkets & Hypermarkets, Franchise Outlet, Specialty Stores, Online Retailers)
- Statistical Snap of Global Canola Oil Market
- Expansion Analysis of Global Canola Oil Market
- Problems and Obstacles in Global Canola Oil Market
- Competitive Landscape in the Global Canola Oil Market
- Details on Current Investment in Global Canola Oil Market
- Competitive Analysis of Global Canola Oil Market
- Prominent Players in the Global Canola Oil Market
- SWOT Analysis of Global Canola Oil Market
- Global Canola Oil Market Future Outlook and Projections (FY 2025-FY 2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Canola Oil Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Canola Oil Market
7. Global Canola Oil Market, By Product, (USD Million) 2021-2034
- 7.1. Processed Canola Oil
- 7.2. Virgin Canola Oil
8. Global Canola Oil Market, By Application, (USD Million) 2021-2034
- 8.1. Food Processing
- 8.2. Food Service
- 8.3. Retail
- 8.4. Other
9. Global Canola Oil Market, By Distribution, (USD Million) 2021-2034
- 9.1. Supermarkets & Hypermarkets
- 9.2. Franchise Outlet
- 9.3. Specialty Stores
- 9.4. Online Retailers
10. Global Canola Oil Market, (USD Million) 2021-2034
- 10.1. Global Canola Oil Market Size and Market Share
11. Global Canola Oil Market, By Region, 2021-2034 (USD Million)
- 11.1. Asia-Pacific
- 11.1.1. Australia
- 11.1.2. China
- 11.1.3. India
- 11.1.4. Japan
- 11.1.5. South Korea
- 11.1.6. Rest of Asia-Pacific
- 11.2. Europe
- 11.2.1. France
- 11.2.2. Germany
- 11.2.3. Italy
- 11.2.4. Spain
- 11.2.5. United Kingdom
- 11.2.6. Rest of Europe
- 11.3. Middle East and Africa
- 11.3.1. Kingdom of Saudi Arabia
- 11.3.2. United Arab Emirates
- 11.3.3. Qatar
- 11.3.4. South Africa
- 11.3.5. Egypt
- 11.3.6. Morocco
- 11.3.7. Nigeria
- 11.3.8. Rest of Middle-East and Africa
- 11.4. North America
- 11.4.1. Canada
- 11.4.2. Mexico
- 11.4.3. United States
- 11.5. Latin America
- 11.5.1. Argentina
- 11.5.2. Brazil
- 11.5.3. Rest of Latin America
12. Company Profile
- 12.1. Adani Wilmar
- 12.1.1. Company details
- 12.1.2. Financial outlook
- 12.1.3. Product summary
- 12.1.4. Recent developments
- 12.2. American Vegetable Oils, Inc.
- 12.2.1. Company details
- 12.2.2. Financial outlook
- 12.2.3. Product summary
- 12.2.4. Recent developments
- 12.3. Archer Daniels Midland Company (ADM)
- 12.3.1. Company details
- 12.3.2. Financial outlook
- 12.3.3. Product summary
- 12.3.4. Recent developments
- 12.4. Associated British Foods plc
- 12.4.1. Company details
- 12.4.2. Financial outlook
- 12.4.3. Product summary
- 12.4.4. Recent developments
- 12.5. Bunge Limited
- 12.5.1. Company details
- 12.5.2. Financial outlook
- 12.5.3. Product summary
- 12.5.4. Recent developments
- 12.6. Cargill Inc.
- 12.6.1. Company details
- 12.6.2. Financial outlook
- 12.6.3. Product summary
- 12.6.4. Recent developments
- 12.7. Fuji Vegetable Oil Inc.
- 12.7.1. Company details
- 12.7.2. Financial outlook
- 12.7.3. Product summary
- 12.7.4. Recent developments
- 12.8. J.M. Smucker Company, The
- 12.8.1. Company details
- 12.8.2. Financial outlook
- 12.8.3. Product summary
- 12.8.4. Recent developments
- 12.9. Louis Dreyfus Company
- 12.9.1. Company details
- 12.9.2. Financial outlook
- 12.9.3. Product summary
- 12.9.4. Recent developments
- 12.10. Richardson International Limited
- 12.10.1. Company details
- 12.10.2. Financial outlook
- 12.10.3. Product summary
- 12.10.4. Recent developmentz
- 12.11. Wilmar International Ltd.
- 12.11.1. Company details
- 12.11.2. Financial outlook
- 12.11.3. Product summary
- 12.11.4. Recent developmentz
- 12.12. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Canola Oil Market is projected to reach USD 48.51 million by 2034, growing at a CAGR of of 3.46% during the forecast period.
Canola Oil Market grew in Market size from 2025. The Market is expected to reach USD 48.51 million by 2034, at a CAGR of 3.46% during the forecast period.
Canola Oil Market CAGR of 3.46% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Canola Oil Market size is USD 48.51 million from 2025 to 2034.
Canola Oil Market is covered By Product, By Application, By Distribution Channel
The North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa is the highest Market share in the Canola Oil Market.
Adani Wilmar, American Vegetable Oils, Inc., Archer Daniels Midland Company (ADM), Associated British Foods plc, Bunge Limited, Cargill Inc., Fuji Vegetable Oil Inc., The J.M. Smucker Company, Louis Dreyfus Company, Richardson International Limited, Wilmar International Ltd.
The report includes an in-depth analysis of the Global Canola Oil Market, including market size and trends, product mix, Applications, and supplier analysis.
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