Asia-Pacific Rapeseed Oil Market Outlook, 2028

Amidst the bustling markets and diverse culinary landscapes of the Asia-Pacific region, a silent but significant player has been making its mark - rapeseed oil. As the sun rises over the vast fields of vibrant yellow rapeseed flowers, the promise of this versatile oil unfolds. From the fragrant stir-fries of Thailand to the mouthwatering dumplings of China, rapeseed oil has become an essential ingredient in the tapestry of Asian cuisine. Its light, nutty flavor and high smoke point make it an ideal choice for both traditional cooking methods and modern culinary innovations. Beyond its culinary prowess, rapeseed oil has garnered attention for its heart-healthy qualities, adding an extra layer of appeal in a region that values both tradition and wellness. As the Asia-Pacific rapeseed oil market continues to flourish, it symbolizes the harmonious blend of tradition and innovation, nourishing both body and soul across the diverse corners of this vast continent. According to the research report, “Asia-Pacific Rapeseed Oil Market Outlook, 2028” published by Bonafide Research, the market is expected to grow nearly with 6.01% CAGR by 2023-28. The rapeseed oil market in the Asia Pacific region has experienced significant growth and evolution in recent years. Rapeseed oil, derived from the seeds of the Brassica napus plant, has gained popularity due to its numerous culinary and industrial applications. Several factors have contributed to the expansion of this market in the Asia Pacific. The rising awareness of the health benefits associated with rapeseed oil has driven its consumption. With a high content of heart-healthy unsaturated fats and low levels of saturated fats, rapeseed oil has become a preferred choice among health-conscious consumers. This has led to increased demand for rapeseed oil in cooking and food preparation across the region. Secondly, the Asia Pacific region has witnessed a surge in the food processing and restaurant industries, which are major consumers of rapeseed oil.

Asia Pacific Rapeseed Oil Market is segmented based on countries, which are China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific. India is the biggest producer and consumer of rapeseed oil accounting. Following it, China is also a largest consumer of Rapeseed oil. In India, the northern states of Rajasthan, Haryana, and Uttar Pradesh typically produce the most rapeseed oil. Several governmental and industry-specific organizations in India are in charge of promoting and producing rapeseed oil and other edible oils. China is now one of the world's top producers of rapeseed oil thanks to recent strong growth in its output. The Yangtze River Basin and the southwestern provinces are where most of China's rapeseed oil is produced, with Hubei, Hunan, and Sichuan among the key cultivating regions. Rapeseed oil exports from China frequently go to markets abroad as well as to Asian neighbors like Japan and South Korea. These exports frequently satisfy certain market requirements or trade agreements. In order to fulfill consumer preferences, a number of domestic and foreign brands provide a variety of canola oil products in the competitive Australian canola oil market. Rapeseed oil production in Australia is predominantly centered on a few areas of the nation. The eastern states, particularly New South Wales, Victoria, and Queensland, are one of the major areas for the production of rapeseed oil. These states are perfect for growing canola since they have a good climate and rich agricultural land. In recent years, the rapeseed oil market in Japan has experienced notable expansion and change. Rapeseed oil has become more popular as customers become more health-conscious and look for cooking oils that complement their dietary preferences because of its low amount of saturated fat and high concentration of heart-healthy monounsaturated and polyunsaturated fats. According to the Nature of rapeseed oil, the market is being categorized into Conventional type and Organic types. In Asia Pacific regions, the consumption of conventional type of rapeseed oil holds the largest market share due to the high demand and price efficiency. However, as the consumers are becoming more concern about the healthy lifestyles, the use of Organic type of rapeseed oil is expanding and holds the largest market share for the year 2023-2028. The growth of the organic rapeseed oil market can be attributed to several factors. Firstly, increasing awareness among consumers about the potential health benefits of organic products has led to a greater demand for organic edible oils, including rapeseed oil. Organic rapeseed oil is perceived as a healthier alternative due to its production without synthetic pesticides and chemical fertilizers, making it an attractive choice for health-conscious individuals. Additionally the global trend towards sustainable and environmentally friendly food production has also influenced the demand for organic rapeseed oil in India. Consumers are increasingly valuing products that promote sustainable agriculture, support local farmers, and minimize harm to the environment. Moreover, the growing popularity of organic and healthy cooking practices, such as organic farming, veganism, and clean eating, has further boosted the demand for organic rapeseed oil. This shift in consumer preferences has encouraged both established and emerging players in the edible oil industry to invest in organic rapeseed oil production and marketing. On the basis of End-Users of rapeseed oils, the report has been categorized into three end -users type; Households, Industrial, and Food Service. In Asia Pacific, the use of rapeseed oil predominantly occurs in households, making it the largest market segment within the Asia Pacific rapeseed oil market. Rapeseed oil is a popular choice among Asia Pacific consumers for a variety of culinary purposes, including frying, sautéing, baking, and salad dressings. Its mild flavor, high smoke point, and heart-healthy profile make it preferred cooking oil for many Asia Pacific households. Following the household segment, the industrial sector is the next significant market for rapeseed oil in Asia Pacific. Industrial applications include the use of rapeseed oil in the production of biodiesel, as an ingredient in cosmetics, and in various non-food applications such as lubricants and bio-based plastics. The versatility and eco-friendly characteristics of rapeseed oil contribute to its appeal in industrial settings. The food services sector represents another important market segment for rapeseed oil in Asia Pacific. Restaurants, catering services, and food manufacturers use rapeseed oil extensively due to its desirable cooking properties. Its ability to withstand high temperatures without breaking down or imparting unwanted flavors to food makes it a popular choice in professional kitchens.

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Manmayi Raval

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According to the Rapeseed oil market, the report is segmented on the basis of distributional channels, which includes Online and Offline distribution of oils. In Asia Pacific, the distribution of rapeseed oil showcases a diverse landscape with various channels catering to consumer needs. Conventional stores, which include local grocery shops and neighborhood markets, continue to dominate the distribution of rapeseed oil. These outlets offer convenience and accessibility to a wide range of consumers, making them a primary source for purchasing this essential cooking oil. Following conventional stores, retail stores, including supermarkets and hypermarkets, have gained significant ground in the distribution of rapeseed oil. This modern retail formats offer consumers a variety of options and brands under one roof, making it easier for shoppers to make informed choices. In recent years, the trend of direct sales from producers or cooperatives has also gained momentum, especially in rural areas where farmers and local producers sell their rapeseed oil directly to consumers. This approach fosters a closer connection between producers and consumers and promotes the consumption of locally sourced and fresh products. Another notable channel that has seen substantial growth is online sales. E-commerce platforms have become increasingly popular for purchasing rapeseed oil in Asia Pacific. Consumers can conveniently browse and order their preferred brands online, and home delivery services make the process even more convenient. The diverse distribution channels for rapeseed oil in Asia Pacific cater to the varied preferences and needs of consumers, ranging from traditional shopping at local stores to modern retail experiences and the convenience of online shopping. This multi-pronged approach ensures that rapeseed oil is accessible to consumers across the country, contributing to its widespread usage in Asia Pacific kitchens. Start-ups: •In India, Dhara Oil Industries is a leading producer and marketer of edible oils in India. It has a strong presence in the rapeseed oil segment, and its products are sold under the Dhara brand. •Shandong Tianzhi Biotechnology Co., Ltd. (China). The company was founded in 2016 and is headquartered in Jinan, Shandong Province. Tianzhi Biotechnology is a vertically integrated company that produces rapeseed oil from seed to finished product. •In South Korea, Good Oil is developing a new method of processing rapeseed oil that produces a healthier and more sustainable product. The company's technology uses less energy and water than traditional methods, and it also produces less waste. Considered in this report: •Geography: Asia Pacific •Historic year: 2017 •Base year: 2022 •Estimated year: 2023 •Forecast year: 2028

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Aspects covered in this report: •Asia Pacific Rapeseed Oil Market with its value and forecast along with its segments •Various drivers and challenges •On-going trends and developments •Top profiled companies •Strategic recommendation Countries covered in the report: •China •Japan •India •Australia •South Korea By Nature: •Conventional •Organic By End User: •Household •Industrial •Food Service By Distributional Channel: •Conventional Store •Hypermarket/Supermarket •Direct Sales •Online •Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Rapeseed Oil Market industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.