Canada Edible Oil Market Overview, 2028

The edible oils market in Canada is positioned at the nexus of shifting consumer preferences, health-conscious choices, and a vibrant culinary scene. The edible oils market in Canada, a nation with a long agricultural history and a diversified population, is a reflection of the complex interaction of variables that influence its consumer habits, production methods, and the introduction of new trends. A combination of locally produced goods and imports defines the edible oil market in Canada. There are many different kinds of edible oils available on the market, from more common varieties like canola oil, soybean oil, and sunflower oil to more specialist ones like olive oil, avocado oil, and coconut oil. A notable position is held by canola oil in particular because of its domestic origin and healthy nutritional profile, which is high in omega-3 fatty acids and low in saturated fats. A growing consciousness of health and wellbeing among consumers in Canada has an impact on consumer choices. Oils with heart-healthy advantages and lower saturated fat content are becoming more popular as people look for healthier nutritional options. Consumption of oils like olive oil, which is linked to the Mediterranean diet and its potential health advantages, has increased as a result. In addition, the popularity of premium and specialty oils, such as cold-pressed oils and oils with distinctive flavors, enables differentiation and niche market catering. These oils are popular among consumers who value their health as well as those who enjoy authentic and adventurous cuisine. According to the research report "Canada Edible Oils Market Overview, 2028," published by Bonafide Research, the Canada Edible Oils market is predicted to reach market size of USD 3.22 Billion by 2028. The production of oilseeds needed for the extraction of edible oil depends heavily on the agricultural and farming industries. Oilseed crops like canola, sunflower, and soybean are grown by Canadian farmers as a source of raw materials for making edible oils. Furthermore, a significant player in the edible oil market is the food processing and manufacturing sector. Various processed and packaged foods, such as snacks, baked products, sauces, dressings, and more, contain edible oils as ingredients. In Canada, the movement in favour of plant-based diets is gaining ground and changing how much oil is consumed. Many consumers are choosing oils made from nuts, seeds, and fruits, which are in line with a plant-based diet. Because they are compatible with plant-based diets, oils like flaxseed, hempseed, and coconut oil are in demand. The ethnic population of Canada adds to a varied gastronomic scene. Oils like sesame, coconut, and palm oil are in higher demand as consumers learn more about the oils used in other cuisines. The urge to try out different flavors and make unique dishes at home is reflected in this trend. The yield, quality, and sustainability of oil are all being improved by technological advancements in extraction techniques. The use of cold-press and expeller-press methods is expanding because they preserve the nutritional value of the oils by using little heat and no solvents. Furthermore, methods for refining oils while preserving their nutritional content include steam refining, molecular distillation, and enzymatic degumming. These techniques lessen the need for harsh chemicals and raise the final product's overall quality.

Based on product type market is bifurcated into soybean oil, palm oil, rapeseed oil, mustard oil, sunflower oil, olive oil, ground nut oil, coconut oil, corn oil, ricebran oil, sesame oil, cottonseed oil, and others (apricot, hazelnut, almond, macadamia, walnut, avocado, grapeseed, cashew, brazil nuts, canola etc). Soybean oil is commonly consumed in Canada and is significantly leading the market as well. Soybean oil is appropriate for a variety of cooking applications because of its mild and neutral flavor. Because of its mild flavor, it works well in a variety of cuisines because it doesn't overshadow the flavors of other ingredients. With its high smoke point and bland flavor, soybean oil works well for a range of cooking techniques, from stir-frying to baking, and Canada's cuisine is rather diversified. Beyond cooking, soybean oil has a variety of industrial uses, including the creation of biodiesel and as a building block for some industrial goods. Furthermore, according to Canadian Oilseed Processor Association the production of soybean oil in Canada was estimated around 3, 40,000 tonnes in 2022. Based on nature market is majorly segmented into conventional and organic. Organic segment is predicted to grow at the fastest rate in Canada edible oils market. Consumers in Canada are placing a higher priority on their health and fitness and are looking for items devoid of artificial additives, chemicals, and pesticides. Because they are produced without the use of synthetic chemicals, organic edible oils are viewed as healthier options by customers who are aware of the potential health hazards linked to conventional farming techniques. The unique flavors, fragrances, and nutrients of organic edible oils can be preserved since they are frequently treated more delicately. Customers that value genuine and unadulterated dining experiences would like this feature. The end-user of the industry includes domestic, industrial, and food service. The food service segment is predicted register highest CAGR of the market in Canada edible oils market. The food service sector in Canada is renowned for its extensive range of culinary options, which include both traditional Canadian cuisine and a wide variety of international tastes. The desire for a wide range of edible oils that accommodate various cooking methods, ethnic cuisines, and flavor profiles is fueled by this diversity. Many restaurants are adapting to consumers' growing attention to diet and health. Offering food prepared with healthier oils, such as those with better fat profiles or higher omega-3 content, is one way to do this. Demand for edible oils in the food service industry is probably going to increase as health-conscious trends become more popular. Furthermore, the distribution channel of the market include, offline and online. Office channel is dominating the market of Canada with significant market share. Online channel is expected to grow at the fastest rate in Canada edible oils market. Canada's e-commerce market is fast growing as more shoppers use online platforms to complete their purchases. This includes household essentials like edible oils and groceries. By providing a variety of edible oil options, online shops and food delivery services are profiting from this trend. Some of the online channels in Canada that distributes edible oils include Well.ca, Amazon, Walmart, and many more. Considered in this report: • Geography: Canada • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028

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Manmayi Raval

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Aspects covered in this report: • Canada Edible Oils market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product Type: • Soybean Oil • Palm Oil • Rapeseed Oil • Mustard Oil • Sunflower Oil • Olive Oil • Ground nut Oil • Coconut Oil • Corn Oil • Ricebran Oil • Sesame Oil • Cottenseed Oil • Others (apricot, hazelnut, almond, macadamia, walnut, avocado, grapeseed, cashew, brazil nuts, canola etc) By Nature: • Conventional • Organic

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By End-User: • Domestic • Industrial • Food Service By Distribution Channel: • Offline • Convenience store • Hypermarket/Supermarket • Direct Sales • Others • Online 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 Edible Oils 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.