Canola Oil Market

By Application;

Food Processing, Food Service, Retail and Others

By Product;

Processed Canola Oil and Virgin Canola Oil

By Distribution;

Supermarkets & Hypermarkets, Franchise Outlet, Specialty Stores and Online Retailers

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn480807633 Published Date: September, 2025 Updated Date: October, 2025

Canola Oil Market Overview

Canola Oil Market (USD Million)

Canola Oil Market was valued at USD 5,709.61 million in the year 2024. The size of this market is expected to increase to USD 6,576.57 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 2.0%.


Canola Oil Market

*Market size in USD million

CAGR 2.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)2.0 %
Market Size (2024)USD 5,709.61 Million
Market Size (2031)USD 6,576.57 Million
Market ConcentrationHigh
Report Pages365
5,709.61
2024
6,576.57
2031

Major Players

  • Archer Daniels Midland Company (ADM)
  • Cargill, Incorporated
  • Bunge Limited
  • Wilmar International Limited
  • Louis Dreyfus Company (LDC)
  • Associated British Foods plc (ABF)

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Canola Oil Market

Fragmented - Highly competitive market without dominant players


The Canola Oil Market is expanding as consumers adopt low-fat, cholesterol-free, and heart-healthy oils in their diets. Nearly 40% of edible oil buyers are shifting toward canola oil, emphasizing its role as a preferred option for healthy cooking.

Nutritional Value Supporting Growth
Canola oil is rich in omega-3 fatty acids, antioxidants, and a balanced fat composition. Research indicates that over 45% of health-focused consumers prefer oils offering functional nutrition, reinforcing canola oil’s popularity as a staple in modern kitchens.

Versatility Across Food Applications
Its neutral taste and cooking adaptability make canola oil a top choice for processed foods, baking, and restaurant use. Around 35% of food producers utilize canola oil in their formulations, highlighting its widespread use across the food and beverage industry.

Sustainability Enhancing Consumer Appeal
Eco-conscious consumption trends are reshaping the edible oil sector, with about 50% of consumers favoring oils linked to sustainable sourcing and environmentally friendly practices. Canola oil meets these expectations, strengthening its position in the global edible oil market.

Future Market Growth
Supported by rising health-driven demand, increasing industrial applications, and a strong shift toward sustainability, the canola oil market is forecasted to expand steadily. Ongoing innovation and higher accessibility will continue to drive its growth trajectory in the years ahead.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By Product
    3. Market Snapshot, By Distribution
    4. Market Snapshot, By Region
  4. Canola Oil Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Health Benefits
        2. Increasing Consumer Awareness
        3. Versatility in Culinary Applications
        4. Growing Demand for Healthy Cooking Oils
        5. Expansion of Food Processing Industry
      2. Restraints
        1. Price Volatility of Raw Materials
        2. Competition from Other Vegetable Oils
        3. Environmental Concerns
        4. Regulatory Challenges
        5. Impact of Weather Conditions on Crop Yields
      3. Opportunities
        1. Rising Popularity of Organic Canola Oil
        2. Innovations in Processing Technologies
        3. Emerging Markets
        4. Product Diversification
        5. Sustainable Practices
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Canola Oil Market, By Application, 2021 - 2031 (USD Million)
      1. Food Processing
      2. Food Service
      3. Retail
      4. Others
    2. Canola Oil Market, By Product, 2021 - 2031 (USD Million)
      1. Processed Canola Oil
      2. Virgin Canola Oil
    3. Canola Oil Market, By Distribution, 2021 - 2031 (USD Million)
      1. Supermarkets & Hypermarkets
      2. Franchise Outlet
      3. Specialty Stores
      4. Online Retailers
    4. Canola Oil Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Archer Daniels Midland Company (ADM)
      2. Cargill, Incorporated
      3. Bunge Limited
      4. Wilmar International Limited
      5. Louis Dreyfus Company (LDC)
      6. Associated British Foods plc (ABF)
  7. Analyst Views
  8. Future Outlook of the Market