Canola fell to 653.29 CAD/T on July 11, 2025, down 3.16% from the previous day. Over the past month, Canola's price has fallen 9.66%, but it is still 5.44% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Canola - values, historical data, forecasts and news - updated on July of 2025.

Graph and download economic data for Producer Price Index by Commodity: Farm Products: Canola (WPU01830171) from Dec 2011 to May 2025 about agriculture, oil, commodities, PPI, inflation, price index, indexes, price, and USA.

The Canola Seed Market (seed For Sowing) is segmented by Breeding Technology (Hybrids, Open Pollinated Varieties & Hybrid Derivatives) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). The market volume and value are presented in metric ton and USD respectively. The key data points include the market size of seeds by breeding technology, cultivation mechanism and crop.

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Canola Oil Market Size 2025-2029

The canola oil market size is forecast to increase by USD 6.91 billion, at a CAGR of 3.3% between 2024 and 2029.

The market is driven by the increasing awareness of the health benefits associated with this versatile oil. Rich in monounsaturated and polyunsaturated fats, canola oil is a preferred choice for health-conscious consumers, leading to its growing demand in the food industry. Furthermore, the utilization of canola oil extends beyond the culinary sphere, with its application in plasticizers and adhesives industries. However, the market faces challenges from the rising popularity of substitute oils, such as olive oil and coconut oil, which are also promoted for their health benefits.
Companies in the market must navigate this competitive landscape by focusing on product innovation, cost competitiveness, and effective marketing strategies to maintain their market share. Additionally, ensuring sustainable sourcing and production practices can help bolster brand reputation and consumer trust, providing a strategic advantage in the market.

What will be the Size of the Canola Oil Market during the forecast period?

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The market continues to evolve, shaped by dynamic market dynamics and various applications across multiple sectors. Canola oil production is a significant contributor to the market, with ongoing efforts in crop breeding and yield optimization driving growth. Simultaneously, biodiesel production from canola oil is gaining traction as a renewable energy source, adding to the market's complexity. The food service industry and retail distribution sectors are major consumers of canola oil, with competition from various edible oils and changing consumer preferences influencing market trends. The competition landscape is diverse, with players focusing on product differentiation through omega-3 fatty acid content, non-GMO and organic offerings, and sustainable agriculture practices.

Oilseed byproducts, such as canola meal, have additional value in animal feed and fertilizer industries, further impacting market dynamics. New technologies, including improved crushing technology and refining methods, are shaping the market, while sustainability concerns and environmental impact assessments influence pricing trends. The fatty acid profile and health benefits of canola oil, including heart health and disease resistance, continue to drive demand. Culinary applications, from salad dressings to frying oil, expand the market's reach. Sustainable agriculture practices, pest control methods, and packaging formats are essential considerations for market players, ensuring a continuous focus on innovation and adaptation. The global production of canola oil is subject to market volatility and supply chain management challenges, with regional production patterns and transportation logistics influencing pricing and availability.

As consumer dietary habits shift, market dynamics will continue to evolve, requiring agility and strategic planning from industry participants.

How is this Canola Oil Industry segmented?

The canola oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Conventional
  Organic


Application

  Cooking
  Industrial


Product Type

  Processed
  Virgin
  Cold-pressed
  Extracted


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Russia
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The conventional segment is estimated to witness significant growth during the forecast period.

Canola oil, derived from genetically modified rapeseed, undergoes solvent extraction using hexane for oil separation. This process contrasts with pressing techniques used for other oils. The extracted oil then undergoes refining, bleaching, and deodorization (RBD) for commercial production. The affordability and widespread availability of conventional canola oil contribute to its popularity among consumers, despite its inability to be certified organic. Crop breeding and yield optimization have significantly increased canola oil production, making it a leading vegetable oil in the global market. The oil's health benefits, including heart health, disease resistance, and a favorable fatty acid profile, contribute to its widespread use in various industries.

Food service, retail distribution, and the production of biodiesel are significant sectors for canola oil consumption. Environmental concerns, such as carbon footprint and land use, have led to the development of

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Canola Meal Market Size 2025-2029

The canola meal market size is forecast to increase by USD 483.7 million at a CAGR of 3.3% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the increasing demand from the poultry industry. This sector's expansion is fueled by the nutritional benefits of canola meal, which includes high protein content and essential amino acids, making it an attractive alternative to traditional animal feed sources. Its nutritional profile, which includes high levels of methionine, lysine, and arginine, makes it an excellent alternative to fishmeal in aquaculture feed. Furthermore, the influence of online retailing is transforming the market landscape, enabling easier access to a wider range of suppliers and increasing market competitiveness. However, the market faces challenges, including intense competition from alternative protein sources, such as soybean meal and fishmeal, which may impact pricing and market share.
Companies seeking to capitalize on market opportunities must focus on product innovation, cost competitiveness, and strategic partnerships to maintain a strong market position. Navigating these challenges requires a deep understanding of market trends and consumer preferences, as well as the ability to adapt to evolving industry dynamics. The versatility of canola meal and its positive impact on animal health make it a valuable addition to the feed industry.

What will be the Size of the Canola Meal Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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Canola meal, derived from oilseed rape (Brassica napus), is a key player in the global protein market. Its heart-health benefits, including cholesterol reduction and omega-3 fatty acids, make it an attractive option for food manufacturers. However, erucic acid content is a critical factor in canola meal production, as strict food labeling regulations mandate low levels. Effective storage and handling techniques are essential to maintain canola meal quality. Herbicide tolerance and disease resistance in hybrid varieties contribute to increased yield potential. Consumer preferences for gluten-free and low-fat diets influence market trends, driving demand for canola meal with favorable fatty acid composition and dietary fiber content.
Agronomic practices, such as harvesting techniques and moisture content management, significantly impact canola seed quality. Genetic modification and pest resistance enhance production efficiency. Quality testing is crucial to ensure consistency and meet stringent industry standards. In the competitive market, understanding consumer perception and adhering to food labeling regulations are vital. Erucic acid content, fatty acid composition, and moisture content are key factors influencing market dynamics. Canola meal's health benefits continue to drive demand, making it a valuable ingredient in various industries.

How is this Canola Meal Industry segmented?

The canola meal industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Animal feed
  Industrial


Type

  Conventional
  Organic


Channel

  Direct sales (B2B)
  Distributors or wholesalers
  Online retail


Geography

  North America

    US


  Europe

    France
    Germany
    Italy
    Spain
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Application Insights

The animal feed segment is estimated to witness significant growth during the forecast period. Canola meal, a byproduct of canola oil extraction, is a valuable animal feed ingredient, rich in protein and essential nutrients. With a protein content similar to soybean meal, canola meal is increasingly used in dairy, poultry, and livestock feed formulations. Canola meal's use in animal feed has been linked to improved growth performance and milk production. Renewable energy production from canola oil byproducts, such as biodiesel, adds to its appeal. The supply chain for canola meal is well-established, ensuring feed safety and consistent quality.

Canola meal's production involves minimal water usage and is often integrated with sustainable agricultural practices, such as crop rotation and organic production. The demand for canola meal continues to grow due to its nutritional benefits and its role in reducing reliance on traditional fishmeal sources. Feed additives and manufacturing processes further enhance its value, making it a versatile ingredient in various feed formulations. Canola meal's integration into the feed industry supports the production of biobased products and red

According to cognitive market research – the Canola Oil Market size in 2023 was XX Million. Canola Oil Market compound annual growth rate (CAGR) will be 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 co...

Rapeseed rose to 462.50 EUR/T on July 11, 2025, up 0.49% from the previous day. Over the past month, Rapeseed's price has fallen 4.05%, and is down 2.32% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Rapeseed Oil.

Canola Seed Market Outlook

The global canola seed market size was valued at approximately USD 29.6 billion in 2023 and is anticipated to reach USD 45.9 billion by 2032, growing at a steady CAGR of 4.9% during the forecast period. The growth of this market is primarily driven by the increasing demand for healthy edible oils and the rising awareness of the nutritional benefits of canola oil, which is low in saturated fat and rich in omega-3 fatty acids. The surge in demand for biofuel production also plays a crucial role in boosting the market as canola oil is increasingly being utilized as a sustainable biofuel source.

The burgeoning health consciousness among consumers is significantly propelling the demand for canola oil due to its heart-health benefits, which is one of the key drivers of the canola seed market. With the rising prevalence of lifestyle diseases such as obesity and cardiovascular disorders, consumers are increasingly seeking healthier dietary options, thereby boosting the demand for canola oil. Moreover, dietary recommendations from health organizations advocating the reduction of saturated fats have further augmented this demand. This shift in consumer preference towards healthier oils is encouraging farmers to invest in canola seed production, thus spurring market growth.

Another significant growth factor in the canola seed market is the escalating demand for biofuels. As governments worldwide strive to reduce carbon emissions and dependency on fossil fuels, the demand for renewable energy sources is witnessing a notable upswing. Canola oil, being a renewable and environmentally friendly biofuel, is gaining traction in the energy sector. This is particularly evident in regions like North America and Europe, where sustainable energy policies are being rigorously implemented. The increasing application of canola oil in biodiesel production presents a lucrative opportunity for the canola seed market, fostering its growth prospects.

The burgeoning animal feed industry also significantly contributes to the growth of the canola seed market. Canola meal, a by-product of oil extraction, is rich in protein and widely used in livestock feed. The growing demand for high-quality animal protein has subsequently led to an increased demand for canola seed in animal feed applications. Moreover, the agricultural sector's shift towards sustainable farming practices emphasizes the use of organic feed, thereby supporting the expansion of the canola seed market. As livestock farming continues to expand globally, the demand for canola seed as a feed component is expected to rise, reinforcing market growth.

Rapeseed Seed, closely related to canola, is an essential crop in the global oilseed market. While canola is primarily cultivated for its low erucic acid content, rapeseed is valued for its versatility and higher oil yield. The cultivation of rapeseed seeds has been gaining traction due to their adaptability to various climatic conditions and soil types. This adaptability makes rapeseed a preferred choice for farmers in regions with challenging growing environments. Additionally, rapeseed oil is used in a variety of industrial applications, including lubricants and biodiesel production, further expanding its market potential. As the demand for sustainable and renewable resources continues to rise, rapeseed seed cultivation is expected to play a pivotal role in meeting these needs, thereby contributing to the overall growth of the oilseed market.

Regionally, North America holds a significant share of the canola seed market, driven by the extensive cultivation of genetically modified canola variants and high domestic consumption of canola oil. Canada, in particular, is a leading producer, contributing substantially to the region's dominance. The Asia Pacific region is anticipated to exhibit the highest growth rate during the forecast period, propelled by the increasing adoption of canola oil in emerging economies like China and India. The region's expanding middle-class population and the growing influence of Western dietary habits are driving the demand for healthier oil options, thus fostering market expansion. Meanwhile, Europe represents a mature market with a consistent demand for canola seeds, especially in countries like Germany and France, driven by biofuel production initiatives.

Product Type Analysis

The canola seed market by product type is segmented into hybrid canola seeds and open-pollinated canola seeds. Hybrid canola se

The global canola seed market is experiencing robust growth, driven by increasing demand for vegetable oils and its use as a biofuel feedstock. The market, valued at approximately $15 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching an estimated market size of $23 billion by 2033. Several factors contribute to this expansion. The rising global population necessitates increased food production, fueling the demand for canola oil as a versatile and healthy cooking oil. Furthermore, the growing awareness of the environmental benefits of biofuels is driving the use of canola as a sustainable feedstock, replacing traditional fossil fuels. Segment-wise, the Non-GMO canola segment is likely to dominate due to increasing consumer preference for organically produced food products and growing concerns regarding the health and environmental impacts of genetically modified organisms (GMOs). Modern trade channels currently hold a significant market share, but e-retailers are rapidly gaining traction, driven by evolving consumer purchasing habits and the increased accessibility of online platforms. Geographic distribution reveals that North America and Europe are currently major players, although the Asia-Pacific region, particularly China and India, presents significant future growth potential due to increasing consumption and expanding agricultural practices. Competition within the market is intense, with major players such as Monsanto, DuPont, Syngenta, Bayer, and Dow holding considerable market share. However, smaller, specialized companies like Origin Agritech, Pitura Seeds, and Calyxt are emerging, focusing on innovation and specialized product offerings, including the development of high-yielding and disease-resistant varieties. Despite the positive outlook, the market faces certain restraints. Fluctuating canola prices influenced by global supply and demand dynamics pose a challenge. Furthermore, adverse weather conditions and the potential for crop diseases can impact production yields. Successful players must strategically navigate these factors by investing in research and development to enhance crop yields and disease resistance, alongside optimizing supply chain management to mitigate price volatility. Diversification into new markets and strategic partnerships are also crucial to sustained success in this competitive landscape.

The Global Canola Oil Market has valued at USD32.09 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.52% through 2028.

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Market Size
Forecast Market Size
CAGR
Fastest Growing Segment
Largest Market
Key Players

The canola oil market offers a wide range of products, including refined, unrefined, and organic canola oils. Refined canola oil is widely used in cooking and food processing due to its neutral taste and high smoke point. Unrefined canola oil retains a richer flavor and aroma and is preferred for use in salad dressings and marinades. Organic canola oil is produced from organically grown canola seeds and is free from pesticides and herbicides. Recent developments include: March 2023: A commercial partnership between Corteva Inc. and Chevron U.S.A. Inc., a division of Chevron Corporation, aims to create specialized winter canola hybrids that yield plant-based oil with a lower carbon profile. The objective is to boost the supply of vegetable oil feedstocks, mainly for the expanding domestic market for renewable fuels. To provide farmers with a sustainable crop rotation and a new source of income, the firms intend to introduce the winter canola crop to the southern United States., August 2021: Control Chemical Corp., a producer of environmentally safe drilling fluids and lubricants based on vegetable oils, will be acquired by Richardson International Ltd., a large canola oil producer based in Winnipeg, Canada. Control Chemical Corp. receives crude canola oil from Richardson International Ltd.; this acquisition will open doors and assist Control Chemical Corp. in expanding its market reach for downhole and torque-reducing lubricants that are safe for the environment.. Key drivers for this market are: Increasing demand for clean label products 24, Strong growth of bakery & confectionaery products 24; Improvement of Product Appeal 25; Increasing demand for organic food & beverages 25. Potential restraints include: High cost of natural food color ingredients 26, Synthetic color, an economical solution 27. Notable trends are: Growing number of disease is driving the market growth.

United States - Producer Price Index by Commodity: Farm Products: Canola was 95.90400 Index Dec 2011=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Farm Products: Canola reached a record high of 186.69200 in April of 2022 and a record low of 63.30000 in September of 2019. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Farm Products: Canola - last updated from the United States Federal Reserve on July of 2025.

Australia Commodity Price Index: Weights: Rural Commodities: Canola data was reported at 0.500 % in Feb 2013. This stayed constant from the previous number of 0.500 % for Jan 2013. Australia Commodity Price Index: Weights: Rural Commodities: Canola data is updated monthly, averaging 0.500 % from Feb 2008 (Median) to Feb 2013, with 61 observations. The data reached an all-time high of 0.500 % in Feb 2013 and a record low of 0.400 % in Aug 2009. Australia Commodity Price Index: Weights: Rural Commodities: Canola data remains active status in CEIC and is reported by Reserve Bank of Australia. The data is categorized under Global Database’s Australia – Table AU.I051: Commodity Price Index: Weights (Old).

Global Canola Oil Market is anticipated to grow at a CAGR of 5.6% during the forecast period, with an estimated size and share exceeding USD 50.16 million by 2032, according to projections.

The global canola meal market is set to witness USD 7.07 billion in 2025. The industry is projected to grow at 4.3% CAGR during the study period, reaching USD 10.77 billion by 2035.

Metrics	Values
Industry Size (2025E)	USD 7.07 billion
Industry Value (2035F)	USD 10.77 billion
CAGR (2025 to 2035)	4.3%

Country-wise Analysis

Countries	CAGR (2025 to 2035)
USA	5.5%
UK	4.8%
France	5.0%
Germany	4.6%
Italy	4.4%
South Korea	6.0%
Japan	4.7%
China	6.3%
Australia	4.1%
New Zealand	3.9%

Competitive Outlook

Company Name	Estimated Industry Share (%)
Archer Daniels Midland	15-20%
Bunge Limited	12-18%
Cargill	18-22%
Wilmar International Limited	8-12%
DowDuPont Inc.	6-9%
Union Point Custom Feeds	4-7%
Pacific Coast Canola	5-8%
Resaca Sun Feeds	3-6%
Sunora Foods	4-6%
Richardson International	6-10%

Explore the growth potential of Market Research Intellect's Canola Seed Market Report, valued at USD 26.5 billion in 2024, with a forecasted market size of USD 38.1 billion by 2033, growing at a CAGR of 5.2% from 2026 to 2033.

The global canola seed market (seed for sowing) is experiencing robust growth, driven by increasing demand for canola oil and meal as a result of rising health consciousness and its versatility in food and biofuel applications. The market is segmented by breeding technology (hybrids – including non-transgenic, herbicide-tolerant, and other traits – and open-pollinated varieties & hybrid derivatives) reflecting the continuous innovation in seed genetics to enhance yield, disease resistance, and herbicide tolerance. Major players like Advanta Seeds - UPL, BASF SE, Bayer AG, and Corteva Agriscience are actively investing in research and development to improve seed quality and expand market share. Regional growth is largely influenced by agricultural practices, government policies supporting oilseed production, and climatic conditions suitable for canola cultivation. North America and Europe currently hold significant market shares, but the Asia-Pacific region, particularly China and India, presents a substantial growth opportunity due to expanding arable land and increasing consumer demand. While factors like fluctuating commodity prices and weather patterns pose challenges, ongoing technological advancements and the increasing focus on sustainable agriculture are expected to contribute to a positive outlook for the canola seed market in the forecast period. The market's expansion is also propelled by the increasing adoption of precision agriculture techniques, which optimize resource utilization and improve crop yields. Furthermore, the growing demand for sustainable and environmentally friendly agricultural practices is pushing the development and adoption of canola varieties with improved traits such as drought tolerance and reduced pesticide needs. Competitive landscape is characterized by a mix of large multinational corporations and regional players, leading to innovation and price competitiveness. However, challenges like the prevalence of diseases and pests, along with variations in climatic conditions across different regions, continue to influence market growth. The study period of 2019-2033 provides valuable insights into the historical performance and future projections of the canola seed market, allowing stakeholders to make informed decisions related to investment, production, and marketing strategies. Considering the overall positive trajectory, the canola seed market is poised for significant expansion, making it an attractive sector for investment and growth. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

This statistic shows the forecasted canola oil market size worldwide in 2017, with a forecasted figure for 2023. In 2017, the global market volume of canola oil amounted to a total of about ** million tons.

This statistic shows the quarterly export price index of canola in Canada from 2014 to 2023. The export price index of canola in Canada was *** during the third quarter of 2023.

Learn about the global canola seed market, its importance in producing canola oil, factors influencing the market, major producers, market dynamics, challenges, and long-term outlook.