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Canola Oil Market Growth to Remain Positive Through 2024, Demand Greased by Health Benefits of Canola

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Canola currently stands as the third largest oil crop in the world – a factor that demonstrates the growth in demand that canola oil has witnessed over the last couple of decades. In a new report, titled ‘Canola Oil Market - Global Industry Analysis
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Canola Oil Market - Global Industry
Analysis, Size, Share, Trends and
Forecast 2016 - 2024
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REPORT DESCRIPTION
Canola currently stands as the third largest oil crop in the world – a factor that demonstrates the growth in demand that canola
oil has witnessed over the last couple of decades. In a new report, titled ‘Canola Oil Market - Global Industry Analysis, Size,
Share, Trends and Forecast 2016 – 2024,’ Transparency Market Research studies the trends that are expected to impact the
dynamics of this market. According to the report, the share of canola oil in the global edible oil market is expected to rise
consistently owing to greater awareness about the health benefits that canola offers. Given its ingredients such as omega 6 and
omega 3 fatty acids, health-conscious consumers are now becoming keener on exploring the use of canola oil in their diets.
Download Free exclusive Sample of this report:http://www.transparencymarketresearch.com/sample/sample.php?
flag=B&rep_id=14366
The quantity of oleic acid in canola oil is high, making it an agent that can help in controlling bad cholesterol without impacting
the good cholesterol in the blood. With the growing awareness about consuming foods that are conducive to maintaining
cardiovascular health, more consumers are being drawn toward canola oil. Besides direct consumption being a key growth driver
for canola oil sales, its use in the personal products and cosmetics industry is also expected to create valuable opportunities for
this market. The anti-aging properties of canola oil are prompting more cosmetics manufacturers to formulate products using it
as an ingredient. Besides helping ease the visible signs of aging, canola oil is also regarded as being effective in lightening
blemishes, fine lines, and spots.
Although these drivers will ensure clear growth for the global canola oil market, there is an important restraint that is impeding
the market’s growth: Canola oil is more expensive than other commonly used edible oils on the market. This could cause
consumers to hesitate from purchasing canola oil where other alternatives are available.
From the geographical standpoint, a sizable demand for canola oil comes from countries in Europe. The region is also a leading
producer of canola oil. In terms of volume, nearly 40% of the global canola production came from Europe in 2014. Among the
key countries where canola is produced, China is an important market. In 2014, China’s stake in the global canola oil market was
greater than 12%. The country also leads in terms of exports of canola oil. Canada and Russia have been identified as other
important exporters of canola oil.
Companies that currently prominently feature on the leaderboard of the global canola oil market are: Archer Daniels Midland
Company, ConAgra Foods, Inc, Associated British Foods plc (Ach Food Companies Inc.), Jivo Wellness Pvt. Limited, and The J.M.
Smucker Company.
About Us
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Author
Amy James
Amy James817   documents Email
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