Escalating Demand for Canola Oil Influences Market Growth during 2017-2022

Posted on 2019-01-31 by Mark Hub in Food & Beverage // 0 Comments

Rockville, USA, 2019-Jan-31 — /EPR Network/ — Global canola oil market research report produced by Fact.MR focuses on the major aspects which drive the global market. The report is skillfully crafted and it includes extensive research considering a 360⁰ view of the market taking into consideration all the angles, making the study more credible and vital in terms of assessing market opportunities, trends, etc. There are several aspects which fuel the adoption of canola oil, thereby raising the yearly consumption and effectively supporting market growth of canola oil.

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Europe Witnesses Dominance Among all the Other Regions

The European region is favorable for the canola oil market and since past few years Europe has been showing increased consumption of canola oil. The canola oil market in Europe is expected to increase at a CAGR of 4.7% over the forecasted period of 2017 to 2022, which reflects above average growth of canola oil in this region. Following Europe, Asia Pacific excluding Japan (APEJ) also shows good growth for the canola oil market. The European region is favorable for all the segments considered in the research study and dominates all other regions in each aspect.

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Specialty Stores Outshines Every Other Distribution Channel

Modern trade and franchise outlets segments in the distribution channel witness a loss in the BPS by the end of 2022. Moreover, the emerging online segment reflects an above average growth rate during the forecasted period and an increase in the BPS. The specialty segment outruns all these segments in terms of BPS as well as growth rate during the period of forecast. It is poised to reflect the highest CAGR of 4.4% and a higher gaining of BPS by the end of 2022.

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Competition Tracking

The comprehensive research report on the global canola oil market includes the profiles of all the major key players present in the market, giving information about their product portfolios, innovations, recent developments, expansions, mergers and acquisitions, global presence, market shares, strategies etc. To name a few key players – The Adani Wilmar Ltd., Ruchi Soya Industries Ltd., Associated British Foods (Ach), Archer Daniels Midland Company, Bunge Limited, Borges Mediterranean Group, Cargill Inc., Fuji Vegetable Oil Inc., Adams Group and American Vegetable Oils Inc.

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The research report focuses on the end user analysis, which slates the scenarios for food service, food processor and retail segments. The retail segment is poised to show a higher growth rate, probably the highest CAGE as compared to the other segments. The market share of the food service segment is higher than both the segments, however, revenue market share of the retail segment has come close to the share of food service segment. Both these segments, retail and food service are expected to enjoy a gain in the BPS, of which the retail segment is expected to gain almost four times the BPS of food service.

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