Rapeseed fell to 475.24 EUR/T on August 1, 2025, down 0.43% from the previous day. Over the past month, Rapeseed's price has risen 1.39%, and is up 0.68% 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.

Get the latest insights on price movement and trend analysis of Rapeseed Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Why did the Rapeseed Oil Price Change in July 2025? The overall quarterly trend for Rapeseed oil spot price in North America saw a downward trajectory in Q2 2025, with an average quarter-over-quarter price decline approximately 4.71%, ending June prices at USD 1111 per metric ton.

Graph and download economic data for Global price of Rapeseed Oil (PROILUSDM) from Jan 1990 to Jun 2025 about oil, World, food, and price.

Rapeseed oil prices in , June, 2025 For that commodity indicator, we provide data from February 2002 to June 2025. The average value during that period was 984.93 USD per metric ton with a minimum of 410.77 USD per metric ton in April 2002 and a maximum of 2266.17 USD per metric ton in April 2022. | TheGlobalEconomy.com

The EU rapeseed oil market soared to $11.7B in 2024, rising by 37% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $21.9B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

Canola fell to 682.54 CAD/T on August 1, 2025, down 1.78% from the previous day. Over the past month, Canola's price has fallen 3.34%, but it is still 11.57% 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 August of 2025.

Rapeseed Oil Market Outlook

The global rapeseed oil market size in 2023 was valued at approximately USD 29 billion, with forecasts suggesting it will reach around USD 42 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.2% during the forecast period. This growth is driven by increasing demand for healthier edible oils and the growing awareness of rapeseed oil's benefits, such as its heart-friendly profile, low levels of saturated fat, and high levels of omega-3 fatty acids. The market is witnessing significant traction due to these health benefits, coupled with a rising trend towards sustainable and eco-friendly biofuels, in which rapeseed oil plays a crucial role.

One primary growth driver for the rapeseed oil market is its expanding application in the food industry. As consumers globally become more health-conscious, there is a higher demand for oils with low saturated fat content. Rapeseed oil, often considered a healthier option compared to other cooking oils, fits this demand perfectly. Its versatility in cooking, from sautéing to baking, enhances its desirability among consumers. Additionally, the culinary industry's shift towards incorporating more plant-based ingredients has amplified the demand for rapeseed oil as a key ingredient in vegan recipes and processed foods, further propelling market growth.

Another significant factor contributing to the market's expansion is the increased use of rapeseed oil in the production of biofuels. As global energy policies shift towards reducing carbon footprints and using more renewable energy sources, rapeseed oil emerges as a viable feedstock for biodiesel production. This shift is particularly prominent in Europe, where stringent environmental regulations have accelerated the adoption of biofuels. As a renewable energy source, rapeseed oil helps mitigate greenhouse gas emissions, presenting a lucrative growth opportunity in the energy sector. This eco-friendly characteristic of rapeseed oil aligns well with global sustainability goals, further enhancing its market potential.

The industrial application of rapeseed oil also contributes to the market's growth. It serves as a raw material in the production of various industrial products such as lubricants, rubber, and plastics. The oil's superior lubricating properties and biodegradable nature make it a preferred choice in manufacturing environmentally friendly industrial goods. Moreover, the rising demand for biodegradable and non-toxic industrial products is poised to boost the utilization of rapeseed oil in industrial applications. As industries continue to prioritize sustainability, rapeseed oil's role as a bio-based industrial input is expected to expand, driving market growth.

Regionally, Europe dominates the rapeseed oil market, accounting for the largest market share in 2023. The region's dominance is attributable to its substantial rapeseed production and consumption, driven by strong demand for both edible and biofuel applications. The European market is expected to maintain a steady growth rate, with a CAGR of around 3.8% through 2032. In contrast, the Asia Pacific region is anticipated to exhibit the highest growth rate, driven by increasing consumption in countries like China and India, where culinary habits are evolving towards healthier oils. North America and Latin America are also witnessing moderate growth, propelled by the expanding food and biofuel industries.

Product Type Analysis

In the realm of product types, refined rapeseed oil holds a significant share of the market, driven by its wide range of applications in both domestic and commercial cooking. Refined rapeseed oil undergoes an extensive purification process, removing impurities and enhancing its quality for consumption. This type of oil is preferred in the food industry for its neutral flavor, high smoke point, and nutritional benefits, making it ideal for frying and baking. Furthermore, its long shelf life and cost-effective nature compared to other edible oils bolster its demand among consumers and food service providers, contributing to its prominent position in the market.

Virgin rapeseed oil, though a smaller segment compared to refined oil, also plays a vital role in the market. This type of oil is extracted without the use of chemicals, preserving more of its natural flavor and nutritional content. Virgin rapeseed oil is gaining popularity among health-conscious consumers who prefer organic and minimally processed food products. The rising trend of organic foods and clean-label products is expected to drive the demand for virgin

Graph and download economic data for Global price of Rapeseed Oil (PROILUSDQ) from Q1 1990 to Q2 2025 about oil, World, food, and price.

In 2024, the Asia-Pacific rapeseed oil market decreased by -14.7% to $13B, falling for the second year in a row after three years of growth. Overall, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $16.8B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

Global Rapeseed Oil market size is expected to reach $34.15 billion by 2029 at 5.5%, growing biodiesel demand fuels expansion in rapeseed oil market

The global rapeseed oil market is projected to grow from USD 19.4 billion in 2025 to USD 30.4 billion by 2035, registering a CAGR of 4.6%.

The EU crude rapeseed oil market surged to $8.3B in 2024, increasing by 36% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $14.8B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

The High Erucic Acid Rapeseed Oil Market Size Was Valued at USD XX Million In 2022 And Is Expected to Grow at A CAGR Of XX % During the Forecast Period, Reaching USD XX Million By 2030 Market Dynamics of the High Erucic Acid Rapeseed Oil Market:

Increasing demand for high erucic acid rapeseed oil in industrial applications is expected to drive the growth of the global market.

Increasing use of high erucic acid rapeseed oil in several industrial applications such as bio-based chemicals, plasticizers, hydraulics, and lubricants. It’s high stability and viscosity make it suitable for these applications and a bio-based alternative to petrochemical-derived products. In addition, its use in machinery and other industrial equipment. High-erucic-acid rapeseed oil is fairly heat resistant and is often used when high heat stability is required. This is expected to drive the growth of the global high erucic acid rapeseed oil market.

Restraining Factor:

The high cost of high erucic acid rapeseed oil may hamper the growth of the global market.

The increasing cost of high erucic acid rapeseed oil can be influenced by factors such as weather conditions, agricultural practices, and market demand for raw materials. Price volatility can affect the overall profitability of producing the oil and impact its competitiveness compared to other oils. This is expected to hamper the growth of the global market.

Trends For High Erucic Acid Rapeseed Oil Market

Growing Need for Biobased Additives and Lubricants in Industry

Because of its excellent thermal stability and lubricating qualities, high erucic acid rapeseed oil is being employed more and more in the production of slip agents, plasticizers, and bio-lubricants. In the chemical, polymer, and cosmetic industries, HEAR oil is becoming more popular as a renewable substitute for petroleum-based derivatives as industry move toward sustainable and environmentally friendly inputs.

Expanding Utilization in Nutraceutical and Specialty Food Use

Despite being mostly used in industry, HEAR oil's fatty acid content is also finding niche uses in functional foods and dietary supplements. The market for food-grade HEAR oil is expanding slowly but steadily due to growing consumer awareness of heart health and plant-based omega-rich oils.

Impact of the COVID-19 Pandemic on the High Erucic Acid Rapeseed Oil Market:

Covid 19 has had a significant impact on the high erucic acid rapeseed oil market. The pandemic led to disruptions in supply chains due to lockdowns, restrictions on movement, and labor shortages. These disruptions could have affected the production, processing, and distribution of HEAR oil, leading to shortages or delays in the market.

What is High Erucic Acid Rapeseed Oil?

High erucic acid rapeseed (HEAR) is a specialty rapeseed selected for its high erucic content. It has over 50% erucic acid and is grown as a key ingredient for plastics, personal care products, and pharmaceuticals. In addition, the high erucic acid content of rapeseed oil made it an excellent lubricating oil for marine engines. This is used in plastics, lubricants, lacquers, and detergents. Industrial rapeseed oil is used in the automotive and chemical industries.

The global Rapeseed Oil market stood at approximately 33134 thousand tonnes in 2024 and is anticipated to grow at a CAGR of 3% during the forecast period until 2035.

Forecast: Rapeseed Oil and Mustard Oil Market Size Volume Per Capita in the US 2022 - 2026 Discover more data with ReportLinker!

Rapeseed Oil Market is estimated to be USD 52890.58 million by 2030 with a CAGR of 5.4% during the forecast period. The market is segmented based on application, and region. Asia Pacific is accounted for largest market share in terms of revenue and is expected to maintain its dominance over the forecast period.

Explore the growth potential of Market Research Intellect's Rapeseed Oil Market Report, valued at USD 24.5 billion in 2024, with a forecasted market size of USD 35.2 billion by 2033, growing at a CAGR of 4.8% from 2026 to 2033.

Forecast: Rapeseed Oil and Mustard Oil Market Size Volume in Chile 2022 - 2026 Discover more data with ReportLinker!

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