Mexico Rapeseed Oil Market Outlook, 2028

Mexico's rapeseed oil production and consumption have experienced notable developments in recent years. Rapeseed oil, also known as canola oil in some regions, has become increasingly popular as cooking oil and a versatile ingredient in various Mexican dishes. Production of rapeseed oil in Mexico has seen growth due to rising demand and awareness of its health benefits. Domestic cultivation of rapeseed has expanded to meet this demand, contributing to a more sustainable and locally sourced supply chain. On the consumption side, rapeseed oil has gained favor among health-conscious consumers and culinary enthusiasts in Mexico. Its mild flavor, high smoke point, and heart-healthy attributes have made it a preferred choice for frying, sautéing, and as a salad dressing base. Additionally, rapeseed oil's versatility has led to its use in various processed foods, including snacks, baked goods, and condiments. The manufacturing of rapeseed oil in Mexico is primarily concentrated in several regions known for their agricultural productivity and suitable climate conditions. Among these regions, the northern states of Sinaloa, Sonora, and Chihuahua stand out as the highest producers of rapeseed oil. These states benefit from the availability of vast agricultural land and favorable weather conditions for rapeseed cultivation. While these northern states dominate rapeseed oil production, other regions in Mexico, such as Guanajuato and Puebla, have also seen a growing interest in rapeseed cultivation and oil production. According to the research report "Mexico Rapeseed Oil Market Outlook, 2023-28," published by Bonafide Research, is predicted to expand significantly during the course of the forecast year 2023-2028. The rapeseed oil market in Mexico is undergoing a significant expansion, driven by a combination of factors that reflect changing consumer preferences and the growing recognition of rapeseed oil's versatility and health benefits. As consumers become increasingly health-conscious and seek out cooking oils that align with their dietary choices, rapeseed oil has gained prominence due to its low saturated fat content and high levels of heart-healthy monounsaturated and polyunsaturated fats. This nutritional profile has positioned rapeseed oil as a popular choice for both home cooks and food manufacturers looking to offer healthier options. Furthermore, the expansion of rapeseed cultivation within Mexico has bolstered the domestic supply of this oil, reducing the need for imports and supporting local agricultural communities. The report is segmented on the basis of Nature of Rapeseed oil that is Organic and Conventional. In Mexico, the market for conventional rapeseed oil has long held the largest market share, with consumers relying on it for various culinary and cooking purposes. However, in recent years, a notable trend has emerged, signaling a shift in consumer preferences towards the consumption of organic rapeseed oil. This change can be attributed to a growing awareness of health and environmental concerns among Mexican consumers. Many are now seeking healthier and more sustainable options in their diets. Organic rapeseed oil aligns with these preferences as it is produced without the use of synthetic pesticides or genetically modified organisms (GMOs), making it a more natural and environmentally friendly choice. Organic rapeseed oil is often perceived as having a purer and more authentic flavor, which resonates with consumers who prioritize taste and quality in their cooking ingredients. As a result, producers and retailers in Mexico are increasingly catering to this evolving demand by offering a wider range of organic rapeseed oil products. The shift towards organic rapeseed oil not only reflects changing consumer preferences but also indicates a growing awareness of the importance of sustainable and healthy food choices in Mexico. This trend is likely to continue in the coming years, driving the organic rapeseed oil market's growth and potentially reshaping the landscape of the edible oil industry in the country.

According to the End- Users of rapeseed oils, the report has been categorized into three end -users type; Households, Industrial, and Food Service. In Mexico, rapeseed oil has found its way into a variety of sectors, with its primary usage concentrated in households, making it the largest market share holder. Mexican households have long embraced rapeseed oil for its versatility in cooking and frying, as well as its affordability, making it a staple in many kitchens across the country. Following household usage, rapeseed oil is also prominently utilized for industrial purposes. Rapeseed oil is a valuable feedstock for biodiesel production. Its high oil content and favorable fatty acid composition make it a suitable candidate for biofuel production. As Mexico and other countries strive to reduce their dependence on fossil fuels and promote cleaner energy sources, the demand for rapeseed oil in the biofuel industry has been on the rise. Rapeseed oil is used in the formulation of various personal care and cosmetic products. It is valued for its moisturizing and skin-nourishing properties. Rapeseed oil is used as base oil in the production of industrial lubricants and hydraulic fluids. Its natural lubricating properties, biodegradability, and low environmental impact make it a preferred choice in industries where lubricants are required to meet stringent environmental regulations. Additionally, the food and service sector in Mexico has seen an uptick in the use of rapeseed oil. Restaurants, catering services, and food establishments are increasingly recognizing the benefits of rapeseed oil, especially in high-heat cooking methods such as deep frying. Its cost-effectiveness and versatility in enhancing the flavor of dishes have contributed to its popularity in this sector. 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 Mexico, the distribution of rapeseed oil has traditionally been dominated by conventional stores and retail outlets, where consumers can easily find this cooking oil on the shelves of supermarkets, grocery stores, and local markets. These physical retail channels have played a crucial role in making rapeseed oil accessible to a wide range of consumers across the country. Following the conventional and retail stores, direct sales channels, such as direct-to-consumer sales from producers or distributors, have also been a notable distribution avenue for rapeseed oil in Mexico. These direct sales often cater to specific customer preferences and offer a more personalized shopping experience. However, a significant shift is anticipated in the distribution landscape of rapeseed oil in the coming years, driven by the increasing popularity of online shopping. As e-commerce continues to gain traction in Mexico, consumers are becoming more comfortable with purchasing groceries, including cooking oils, through online platforms. The convenience of online shopping, coupled with the broader availability of products and potential discounts, is expected to boost the market for rapeseed oil in the digital sphere. Online sales platforms, ranging from dedicated e-grocery stores to general e-commerce websites, are likely to play a pivotal role in expanding the reach of rapeseed oil to a tech-savvy and digitally connected consumer base. This shift towards online sales is poised to provide consumers with greater choices and convenience while reshaping the distribution dynamics of rapeseed oil in Mexico's culinary landscape. Considered in this report: • Geography: Mexico • 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: • Mexico 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 By Nature: • Conventional • Organic By End User: • Household • Industrial • Food Service

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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.