Supply and disposition characteristics such as production (fuels include heavy crude, synthetic crude, etc.), input to refineries, exports and others. The data are available at the national and provincial levels. Not all combinations necessarily have data for all years.

Alberta is the largest natural gas producing province in Canada. In 2020, over 121 billion cubic meters of natural gas were sourced from gas fields in Alberta. This was nearly double the amount extracted in British Columbia, which ranked second.

Data presented at the national and provincial levels, by refined petroleum products (propane and propane mixes, motor gasoline, heavy fuel oil, etc.) and by supply and disposition characteristics (refinery production; Inter-product transfers, exports, etc.). Not all combinations are available.

According to cognitive market research – the Canola Oil Market size in 2023 was XX Million. Canola Oil Market compound annual growth rate (CAGR) was XX% from 2024 to 2031

  Based on application, the market is divided into food processing, foodservice, households, and others. In 2023, the food processing industry commanded the largest share of the market thanks to its biggest revenue generation food processing held the largest share, accounting for XX% share of the global revenue in 2023
  Based on nature, the market is segmented into organic and conventional. With the largest share, the conventional segment is leading the global market.
  Asia Pacific is a major producer and consumer of canola oil; in 2022, the market was estimated to be worth USD XX billion
  North America is also witnessing substantial growth in this market, which is expected to proliferate in the near term

Market Dynamics of the global canola oil

Key drivers of the canola oil market

A Heavy focus on canola oil production will aid in increasing profit: One of the most popular and readily available substitutes for harmful oils is canola oil, which has been produced extensively for almost 3,000 years in India and since the 13th century in Europe. Diet-conscious consumers have made it more and more popular to use these kinds of oils in a wide range of culinary preparations Because canola oil has less saturated fat and more omega-3 and omega-6 fatty acids, which combine to make healthy cooking oils, it is better for intake over time. Consequently, this is increasing demand in the market. Canola oil contains antioxidants like vitamin E that slow the growth and spread of cancer cells, helping to prevent the disease. It helps to maintain a regular pace of metabolism and raises the body's energy levels by lowering cholesterol. In Canada, almost 20 million acres of cropland are harvested annually, mostly in the western provinces of Ontario, Quebec, Alberta, and other areas, to produce canola oil. Furthermore, a surge in the market's expansion is anticipated because of the growing need for high-nutritional fats, which encourages production. Source-(https://www.canolacouncil.org/about-canola/industry/#:~:text=Canola%20production&text=Every%20year%2C%20approximately%2020%20million,British%20Columbia%2C%20Ontario%20and%20Quebec.)

The Fraunhofer Center for Chemical-Biotechnological Processes (CBP), located in Germany, opened a prototype facility in May 2023 intending to manufacture rapeseed oil. High-grade canola oil and other byproducts like kernels and rapeseed hulls would be produced by the plant. Source-https://www.igb.fraunhofer.de/en/press-media/press-releases.html

Well-being and health awareness influencing consumer demand: One of the most popular and third most popular cooking oils in the world is canola oil. It is well known for having a high level of unsaturated fatty acids, especially polyunsaturated fatty acids, which contributes significantly to its nutritional value. Furthermore, an increasing body of research indicates that eating a diet high in unsaturated fatty acids has several positive health effects. In addition to these unsaturated fats, rapeseed oil contains nine other functional ingredients that have been shown to have various health benefits, including vitamin E, flavonoids, phospholipids, sterols, and others. Therefore, to increase canola oil's market growth, several restaurateurs are also attempting to incorporate it into their cooking methods. One of the main drivers of the market expansion is the general public's growing awareness of health and wellbeing. Furthermore, the growing inclinations of people towards food items that correspond with their nutritional objectives. Because of its well-known low saturated fat level, canola oil is a heart-healthy choice. It has a significant amount of omega-3 fatty acids as well as other mono- and polyunsaturated fats. Furthermore, canola oil's neutral flavor and high smoking point make it a versatile ingredient in the kitchen. It can be used to cook food in a variety of ways, such as baking, sautéing, and frying, without destroying or adding undesirable flavors. Merely 7% of canola oil is made up of saturated fatty acids, which is around half that of soybean, corn, and olive oils and one-quarter that of cotton...

Canada’s carbon dioxide emissions from fossil fuel combustion and industrial processes totaled 549 million metric tons (MtCO₂) in 2023. Since 1990, Canada's annual fossil CO₂ emissions have grown by 20 percent. Canada's most polluting sectors The oil and gas industry is Canada's largest source of emissions, with activities within this sector producing an estimated 220 MtCO₂e in 2023. This accounted for almost one-third of the country's total greenhouse gas (GHG) emissions that year. The transportation sector followed, with vehicles on land, sea, and in the air emitting roughly 160 MtCO₂e. Which Canadian province has the biggest carbon footprint? Alberta is the largest emitter of GHG emissions in Canada. In 2022, the western province released 270 MtCO₂e, almost twice the emissions produced in Ontario. Oil production in Alberta contributes to the province’s high emission levels, especially under periods of increased oil sands production.

Alberta was Canada’s most polluting province by far in 2022, having emitted over *** million metric tons of carbon dioxide equivalent (MtCO₂e). This was an increase of ** percent compared to 1990 levels. Ontario – Canada's most populous province – was responsible for the second-largest volume of GHG emissions in 2022, at *** MtCO₂e. Unlike Alberta, Ontario’s emissions have fallen since 2005. Canada’s oil sands emissions Alberta’s large oil and gas industry is the main contributor to the province’s high emissions. Alberta is home to vast oil sands where some of the most carbon polluting sites in Canada are located – such as the Syncrude project on the Athabasca Oil Sands Deposit. The Syncrude Project is a joint venture between Suncor Energy, Imperial Oil, Sinopec, and CNOOC. Canada's national emissions Canada's national GHG emissions increased by *** percent in 2022, to *** MtCO₂e. The North American country has set the target of cutting its national GHG emissions by at least ** percent by 2030, relative to 2005 levels. However, as of 2022, Canada's emissions were just ***** percent lower than they were in 2005.