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Cold-pressed Canola Oil Market | Growth Market Reports

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The global cold-pressed canola oil market was valued at USD 1,461.1 Million in 2019 and is projected to reach USD 2,506.1 Million by 2027, expanding at a CAGR of 7.1% during the forecast period. Cold-pressed canola oil is extracted from canola seeds using a press method in a heat-controlled environment. This method preserves flavor and nutrients to obtain highest quality of canola oil. Cold-pressed canola oil is rich in omega-three. The cold-pressed canola oil has an omega ratio of 3-6 (1:2). Health benefits associated with the cold-pressed canola oil include reduction in the probability of a heart attack, reduction in linoleic acid consumption per meal, and promotion in brain health. Consumption of cold-pressed canola is significantly increasing across the world, as it has low saturated fats, 0% trans fats & cholesterol, contains antioxidants, is rich in vitamin E & K, and is fortified with vitamin A & D.

The oil is organic and chemical-free. Moreover, no heat treatment is required during the extraction of canola oil from oilseeds in the cold-pressed method. The rise in preference for organic consumption with less saturated fats, due to its cardiological benefits is significantly boosting market growth across the globe. Moreover, the number of companies which market campaigns and advertise cold-pressed canola oil is significantly increasing product awareness among customers across the globe.

Market Dynamics
Health-Conscious Consumers Seek Low Fat Alternatives
The demand for canola oil is significantly increasing across the globe due to health benefits associated with it. Canola oil contains lesser amount of saturated fats than other oils. Moreover, the consumption of organic cold-pressed canola oil is rapidly increasing among health-conscious consumers. The cold-pressed canola oil contains omegas 3, 6, and 9; essential fatty acids reduce cholesterol and maintain a healthy heart, brain function, and joint mobility, which in turn, increases its consumption among consumers. Cold-pressed canola oil is natural and free from additives and processing; thus, its demand is rising significantly among customers. For example, the demand for canola oil products increased by 8% to 9% in 2019 in Europe. Moreover, increasing awareness regarding health benefits associated with cold-pressed canola oil across the globe is expected to drive the market during the forecast period.

Increasing Product Penetration in Retail Channels
Expansion of the e-commerce industry provides is encouraging local vendors in cold-pressed canola oil market to distribute cold-pressed canola oil globally, which has resulted in a significant increase in company penetration in the online sales of cold-pressed canola oil. Moreover, rising number of retail stores and supermarket chains engaged in selling cold-pressed canola oil is creating growth opportunities for small scale vendors in the market. Furthermore, rising purchasing power of consumers, changes in lifestyle, and relaxations of foreign investment regulations by governments are anticipated to boost investments in the e-commerce sector. Key players in the market are significantly focusing on partnership with e-commerce giants such as Amazon.com, Inc. and Alibaba Group Holding Limited to increase their customer base across the globe.

High Preference for Substitutes and High Cost of Cold-pressed Canola Oil
Use of less costly substitutes that are easily available such as conventional canola oil, olive oil, safflower oil, coconut oil, sunflower oil, almond oil, cottonseed oil, corn oil, soybean oil, avocado oil, and peanut oil is expected to restraint the cold-pressed canola oil market. Some of the traditional manufacturers in the food industry are engaged in the use of conventional techniques expeller pressed instead of cold-pressed for extraction of canola oil techniques due to the lack of technological advancements and lack of skilled workers. Additionally, the prices of canola oil are comparatively higher than other edible oils that are available in the market, restricting its large-scale adoption. These factors are retaining the growth of the global cold-pressed canola oil market.

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global Cold-pressed Canola Oil Market
  • Historical, Current and Projected Market Size in terms of Value and Volume
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Cold-pressed Canola Oil Market Performance

About Growth Market Reports:

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