The global canola oil market size was estimated at USD 34.6 million in 2024 and is projected to reach USD 41.70 million by 2030, growing at a CAGR of 3.2% from 2025 to 2030.The market has shown steady expansion in recent years, supported by a combination of changing consumer preferences, growing health awareness, and increasing application of canola oil across the food industry.

One of the major factors driving this growth is the rising consumer awareness regarding the health benefits of canola oil. Canola oil is widely recognized for its low saturated fat content and its high concentration of omega-3 fatty acids, which makes it an attractive option for health-conscious consumers. These nutritional attributes have positioned canola oil as a favorable alternative to traditional cooking oils, particularly among individuals aiming to lower their risk of chronic health conditions such as cardiovascular diseases.

The strong nutritional profile of canola oil, characterized by high levels of monounsaturated and polyunsaturated fats, has further contributed to its increasing adoption. As consumers become more mindful of their dietary choices, there is a growing preference for products that support healthier lifestyles and long-term wellness goals. This shift in consumer behavior has led to increased demand for healthier cooking oils, including canola oil, thereby supporting market growth. Additionally, the rising use of canola oil by the food processing industry has strengthened its market position, as manufacturers incorporate it into a wide range of processed and packaged foods to meet consumer demand for healthier and more balanced dietary options.

Key Market Trends & Insights:

• Asia Pacific dominated the global canola oil market in 2024, accounting for the largest revenue share of 36.51%. This leadership is primarily driven by high consumption of edible oils, a growing population, and increasing awareness of healthier cooking alternatives across countries in the region. Rapid urbanization, changing dietary patterns, and the expanding food processing industry have further supported the strong demand for canola oil in Asia Pacific.

• The canola oil market in the U.S. is expected to grow at a notable compound annual growth rate over the forecast period. This anticipated growth is supported by rising consumer preference for healthier edible oils, increasing adoption of canola oil in household cooking, and growing usage across food service and food manufacturing sectors. Increased awareness of nutritional benefits and a shift toward heart-healthy diets are also contributing to market expansion in the U.S.

• By product type, the processed canola oil segment led the market in 2024, capturing the largest revenue share of 71.7%. The dominance of this segment can be attributed to its wide availability, longer shelf life, and suitability for various cooking methods, including frying, baking, and sautéing. Processed canola oil is widely used in both residential and commercial applications, supporting its strong market presence.

• By application, the food processing segment accounted for the largest revenue share of 37.2% in 2024. The extensive use of canola oil in the production of packaged foods, baked goods, snacks, and ready-to-eat products has driven demand in this segment. Food manufacturers increasingly prefer canola oil due to its neutral flavor, nutritional profile, and compatibility with health-focused product formulations.

• By distribution channel, supermarkets and hypermarkets led the market in 2024, accounting for the largest revenue share of 38.00%. The dominance of this channel is supported by wide product assortments, strong brand visibility, and consumer preference for one-stop shopping experiences. The accessibility and convenience offered by supermarkets and hypermarkets continue to drive higher sales of canola oil through these retail formats.

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Market Size & Forecast:

• 2024 Market Size: USD 34.6 Million

• 2030 Projected Market Size: USD 41.70 Million

• CAGR (2025-2030): 3.2%

• Asia Pacific: Largest market in 2024

Key Companies & Market Share Insights:

The competitive landscape of the canola oil industry is characterized by intense competition from well-established edible oils such as soybean, palm, and sunflower oils. These alternative oils benefit from long-standing supply chains, widespread availability, and a large, loyal customer base. In addition, their production often achieves economies of scale, leading to lower manufacturing and distribution costs. As a result, canola oil producers may face challenges in competing on price, particularly in cost-sensitive markets where price plays a significant role in consumer purchasing decisions.

Some of the major players operating in the global canola oil industry include Archer Daniels Midland Company (ADM), Bunge Limited, Cargill Inc., CHS Inc., Louis Dreyfus Company, and Richardson International Limited, among others. These companies utilize their extensive agricultural sourcing networks and advanced processing and refining technologies to ensure consistent production of high-quality canola oil. Furthermore, they invest significantly in research and development initiatives aimed at improving crop productivity, enhancing oil extraction efficiency, and maintaining quality standards. Such efforts enable these players to effectively address the increasing global demand for healthier edible oil options while strengthening their competitive position in the market.

Key Players

• Archer Daniels Midland Company (ADM)

• Associated British Foods plc

• Bunge Limited

• Cargill Inc.

• Jivo Wellness Pvt. Ltd.

• Louis Dreyfus Company

• Richardson International Limited

• Wilmar International Ltd.

• American Vegetable Oils, Inc.

• Adani Wilmar

• The J.M. Smucker Company

• Arla Foods Amba

• Highwood Crossing Foods Ltd.

• La Tourangelle

• Sunora Foods, Inc.

• Parrish and Heimbecker, Limited

• Paterson Grain

• Huiles TITAN Oils Inc.

• Dalmia Continental Pvt., Ltd.

• Fuji Vegetable Oil Inc.

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Conclusion:

The global canola oil market is expected to expand steadily over the forecast period, supported by increasing consumer demand for healthier edible oils and rising awareness of its nutritional benefits. Growth is further propelled by greater adoption of canola oil in the food processing sector and expanding use across various applications. Improved production technologies and supportive policies for sustainable agriculture also contribute to market momentum. Despite some challenges such as raw material price fluctuations, the industry is well-positioned for continued growth as consumer preferences shift toward healthier and sustainable dietary options.