Rapeseed oil Market
Regions Covered
Europe
Regions Covered
Europe
The global rapeseed oil market is expected to cross $35,000 million by 2023, from $26,000 million in 2016, registering a CAGR of ~5% from 2017 to 2023. Oil is extracted either by mechanical extraction processes in oil mills or by chemical extraction using solvents. The oil content in rapeseeds is around 40%, and it is widely used in food and industrial applications. Growth in demand for rapeseed oil-based bio-diesel in the European Union and increased consumption of vegetable oil, such as rapeseed oil, to produce biodiesel due to government mandates for biodiesel blending with petroleum diesel drive the market growth.
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