Rapeseed Market Size (2024 - 2029)

Rapeseed Market Analysis

The Rapeseed Market size is estimated at USD 1.85 billion in 2024, and is expected to reach USD 2.40 billion by 2029, growing at a CAGR of 5.33% during the forecast period (2024-2029).

The food & beverage and food service companies are fetching rapeseed at a higher price from the producers, as the demand for these products surged in recent times. However, the short supply due to high demand and supply disruptions has created a demand-supply mismatch that led to the distortion in the price of the product. Rapeseed crushing has risen strongly, Europe being the major player in this expansion owing to the development of biodiesel. Rapeseed meal is the second major oilseed meal produced in the region after soybean meal. North America and Europe are the largest consumers of rapeseed in the world, accounting for more than 50.0% of global consumption. Developing markets such as India have witnessed high growth among the top rapeseed-consuming countries during the forecast period. The market is driven by changing consumer food habits, cumulative health consciousness, and taste preferences. The rapeseed oil market is foreseeable to witness a significant development during the forecast period owing to the altering consumer usage of vegetable oils, which will further boost the market.

Rapeseed Industry Segmentation

Rapeseed is an oilseed belonging to the Brassicaceae family. It is one of the largest used oilseeds for oil extraction which is later used for cooking and its meal for animal feed. The Global Rapeseed Market is Segmented by Geography (North America, Europe, Asia-Pacific, and Middle-East and Africa). The study includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis.