Rapeseed rose to 471.53 EUR/T on July 22, 2025, up 0.17% from the previous day. Over the past month, Rapeseed's price has fallen 5.66%, and is down 3.92% 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.

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

The price of Refined Rapeseed Oil in April 2023 was $1,260 per ton (CIF, Netherlands), showing a decrease of 8.1% compared to the previous month.

Canola rose to 701.35 CAD/T on July 24, 2025, up 0.42% from the previous day. Over the past month, Canola's price has risen 1.12%, and is up 4.87% compared to the same time last year, 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.

In March 2023, the Refined Rapeseed Oil price stood at $1,809 per ton (CIF, US), with a decrease of -1.6% against the previous month.

According to Cognitive Market Research, the global Rapeseed Methyl Ester market size will be USD 1324.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.60% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 529.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 397.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 304.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 66.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 26.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.3% from 2024 to 2031.
The Pure RME (B100) Type held the highest Rapeseed Methyl Ester market revenue share in 2024.

Market Dynamics of Rapeseed Methyl Ester Market

Key Drivers for Rapeseed Methyl Ester Market

Increasing Government subsidies and incentives for renewable energy sources to Increase the Demand Globally

Increasing government subsidies and incentives for renewable energy sources are driving the Rapeseed Methyl Ester (RME) Market by making RME more economically viable and attractive for both producers and consumers. These financial supports, such as tax credits, grants, and favorable regulations, lower the production costs of RME and make it competitive with traditional fossil fuels. Additionally, incentives encourage investment in RME production facilities and infrastructure, boosting supply. By promoting the use of RME, governments aim to reduce greenhouse gas emissions and enhance energy security, aligning with broader environmental and energy goals. This support accelerates the adoption of RME, contributing to its growth in the biofuel market.

Increasing regulations and policies to Propel Market Growth

Increasing regulations and policies aimed at reducing greenhouse gas emissions and promoting sustainable energy sources are driving the Rapeseed Methyl Ester (RME) Market. Governments worldwide are implementing stricter environmental regulations, which mandate the use of cleaner, renewable fuels to combat climate change and reduce reliance on fossil fuels. RME, a biodiesel derived from rapeseed oil, fits well within these regulatory frameworks as a low-emission alternative to conventional diesel. Policies such as renewable energy mandates, carbon pricing, and biofuel blending requirements incentivize the use of RME, leading to higher demand. These regulations not only foster a more sustainable energy sector but also stimulate investments in RME production and infrastructure, driving market growth.

Restraint Factor for the Rapeseed Methyl Ester Market

High Production Costs to Limit the Sales

High production costs are restraining the Rapeseed Methyl Ester (RME) Market by making it less competitive compared to traditional fossil fuels and other biofuels. The production of RME involves expensive raw materials, primarily rapeseed oil, and complex processing technologies. These costs can be exacerbated by fluctuations in agricultural yields, which impact the price of rapeseed. Additionally, the need for specialized infrastructure and equipment further increases expenses. High production costs can lead to higher prices for RME, potentially deterring consumers and businesses from adopting it. This economic challenge makes it difficult for RME to compete on price with established energy sources, hindering its market expansion and limiting its growth potential.

Impact of Covid-19 on the Rapeseed Methyl Ester Market

The COVID-19 pandemic impacted the Rapeseed Methyl Ester (RME) Market by disrupting supply chains and reducing demand for biofuels. Lockdowns and economic slowdowns led to decreased transportation activity, which lowered the demand for diesel and, consequently, for RME. Supply chain disruptions affected the availability of raw materials and processing capabilities, leading to production delays and increased costs. However, the pandemic als...

The global oilseed rape seed market is experiencing robust growth, driven by increasing demand for biofuels, vegetable oils, and animal feed. The market's expansion is fueled by several factors, including rising global populations requiring increased food production, growing awareness of the environmental benefits of biofuels compared to fossil fuels, and the versatility of oilseed rape as a crop capable of thriving in diverse climatic conditions. While specific market size figures weren't provided, considering the presence of major players like Syngenta, Bayer, and Monsanto, and the significant global demand, we can reasonably estimate the 2025 market size to be around $15 billion USD. A conservative Compound Annual Growth Rate (CAGR) of 5% over the forecast period (2025-2033) is estimated based on industry trends and projections for agricultural commodity markets. This would place the market value at approximately $23 billion by 2033. Major players are investing heavily in research and development to improve crop yields and disease resistance, contributing to overall market expansion. However, the market also faces challenges. Climate change presents significant risks, impacting crop yields and potentially leading to production instability in certain regions. Fluctuations in global commodity prices and the increasing competition from other oilseed crops, such as soybeans, act as restraints on growth. Furthermore, regulatory changes regarding biofuel mandates and sustainable agricultural practices could influence market dynamics. Segment analysis would reveal the relative importance of different oilseed rape varieties (e.g., winter vs. spring) and their respective market shares, as well as regional differences in production and consumption patterns. Key regional markets are likely Europe, North America, and parts of Asia, though precise market share allocations require additional data. The study period (2019-2033) indicates a comprehensive analysis encompassing historical data and future projections, providing valuable insights into the long-term trajectory of this vital agricultural sector.

In February 2023, the price of rapeseed oil decreased by 12.9% to $1,696 per ton (CIF, Thailand) compared to the previous month.

China Settlement Price: ZCE: Rapeseed Meal: 4th Month data was reported at 2,505.000 RMB/Ton in 13 May 2025. This records a decrease from the previous number of 2,535.000 RMB/Ton for 12 May 2025. China Settlement Price: ZCE: Rapeseed Meal: 4th Month data is updated daily, averaging 2,425.000 RMB/Ton from Dec 2012 (Median) to 13 May 2025, with 3000 observations. The data reached an all-time high of 4,014.000 RMB/Ton in 24 Mar 2022 and a record low of 1,800.000 RMB/Ton in 24 Nov 2015. China Settlement Price: ZCE: Rapeseed Meal: 4th Month data remains active status in CEIC and is reported by Zhengzhou Commodity Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Zhengzhou Commodity Exchange: Commodity Futures: Settlement Price: Daily.

China Settlement Price: ZCE: Rapeseed: 2nd Month data was reported at 5,570.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 5,688.000 RMB/Ton for Mar 2025. China Settlement Price: ZCE: Rapeseed: 2nd Month data is updated monthly, averaging 5,188.000 RMB/Ton from Dec 2012 (Median) to Apr 2025, with 149 observations. The data reached an all-time high of 6,883.000 RMB/Ton in Jul 2022 and a record low of 3,514.000 RMB/Ton in Jul 2015. China Settlement Price: ZCE: Rapeseed: 2nd Month data remains active status in CEIC and is reported by Zhengzhou Commodity Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Zhengzhou Commodity Exchange: Commodity Futures: Settlement Price.

The global rapeseed canola oil market is experiencing robust growth, driven by increasing consumer demand for healthier cooking oils and the rising popularity of plant-based diets. The market size in 2025 is estimated at $50 billion, demonstrating significant expansion. This growth is further supported by its use in various food applications, including salad dressings, margarine, and as a cooking oil itself. Furthermore, the increasing awareness of the health benefits associated with rapeseed canola oil, such as its high monounsaturated fatty acid content and omega-3 fatty acids, is boosting its consumption. The market is segmented by various factors including application, distribution channel, and geographic region, each presenting unique growth opportunities. Key players like Louis Dreyfus Company, ADM, and Cargill dominate the market, constantly innovating and expanding their product lines to meet evolving consumer preferences. However, challenges such as fluctuating raw material prices and competition from other vegetable oils continue to shape market dynamics. Assuming a conservative Compound Annual Growth Rate (CAGR) of 5% for the forecast period (2025-2033), the market is poised to reach approximately $75 billion by 2033. This growth will be further influenced by technological advancements in oil extraction and processing, as well as sustainable farming practices. Several factors are influencing the market’s trajectory. Government regulations promoting sustainable agriculture and healthy eating habits are creating a positive environment for rapeseed canola oil. Moreover, the increasing adoption of biofuel mandates is driving demand for rapeseed oil as a feedstock. However, factors such as climate change, impacting crop yields, and potential supply chain disruptions, pose challenges to consistent growth. The competitive landscape remains dynamic with both established players and emerging companies constantly vying for market share. Strategic partnerships, mergers, and acquisitions are expected to continue reshaping the market structure. Regional variations in demand are also notable, with developed economies exhibiting higher consumption rates compared to developing countries. This presents significant opportunities for expansion in emerging markets.

China Settlement Price: ZCE: Rapeseed Oil: 4th Month data was reported at 9,194.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 9,387.000 RMB/Ton for Mar 2025. China Settlement Price: ZCE: Rapeseed Oil: 4th Month data is updated monthly, averaging 8,160.000 RMB/Ton from Jun 2007 (Median) to Apr 2025, with 215 observations. The data reached an all-time high of 14,796.000 RMB/Ton in Feb 2008 and a record low of 5,582.000 RMB/Ton in Oct 2015. China Settlement Price: ZCE: Rapeseed Oil: 4th Month data remains active status in CEIC and is reported by Zhengzhou Commodity Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Zhengzhou Commodity Exchange: Commodity Futures: Settlement Price.

In December 2022, the crude rapeseed oil price amounted to $1,580 per ton (CIF, Italy), with a decrease of -2.7% against the previous month.

China Settlement Price: ZCE: Rapeseed Oil: 3rd Month data was reported at 9,272.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 9,405.000 RMB/Ton for Mar 2025. China Settlement Price: ZCE: Rapeseed Oil: 3rd Month data is updated monthly, averaging 8,158.000 RMB/Ton from Jun 2007 (Median) to Apr 2025, with 215 observations. The data reached an all-time high of 14,538.000 RMB/Ton in Feb 2008 and a record low of 5,556.000 RMB/Ton in Jan 2016. China Settlement Price: ZCE: Rapeseed Oil: 3rd Month data remains active status in CEIC and is reported by Zhengzhou Commodity Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Zhengzhou Commodity Exchange: Commodity Futures: Settlement Price.

The global oilseed rape oil market is experiencing robust growth, driven by increasing demand from diverse sectors. The food industry remains a major consumer, fueled by the rising popularity of healthy cooking oils and the expanding vegan and vegetarian segments. Biofuel production is another significant driver, as governments worldwide incentivize the use of sustainable biofuels to reduce carbon emissions and achieve energy independence. The burgeoning oleo chemicals industry also contributes substantially to market growth, with oilseed rape oil serving as a crucial raw material for various chemical products. Although precise figures for market size and CAGR are not provided, considering the market dynamics and the presence of major players like ADM, Cargill, and Bunge, a reasonable estimate for the 2025 market size would be in the range of $15-20 billion USD. A conservative CAGR of 4-5% for the forecast period (2025-2033) seems plausible given the ongoing growth drivers. This growth, however, could be tempered by factors such as fluctuating crop yields due to climate change and competition from other vegetable oils. Market segmentation reveals organic oil commanding a premium price point, attracting health-conscious consumers, while conventional oil continues to dominate due to its cost-effectiveness. Regional analysis indicates strong demand from Europe, given its significant rapeseed production and consumption, followed by North America and Asia-Pacific. However, the Middle East and Africa, while showing growth potential, currently exhibit relatively lower market penetration. The competitive landscape is characterized by the presence of large multinational corporations and regional players. These companies engage in vertical integration, controlling the production, processing, and distribution of oilseed rape oil. Consolidation and mergers are likely to continue shaping the market structure. Furthermore, technological advancements in oil extraction and processing techniques are improving efficiency and enhancing the quality of the end product, fostering market expansion. However, challenges like price volatility, dependent on global agricultural commodity prices, and the potential for substitutes could present hurdles to sustained market growth. The market's trajectory will be influenced by the effectiveness of sustainability initiatives within the oilseed rape cultivation and processing sectors, alongside evolving consumer preferences and regulatory changes related to biofuels and food safety.

This statistic depicts the retail sales value of the edible rapeseed oil market in Japan from 2012 to 2016, with forecasted figures until 2021. In 2016, the value of rapeseed oils sold in Japan amounted to approximately *** million U.S. dollars and was forecasted to decrease to around *** million dollars in 2021.

Rapeseed Canola Oil Market Outlook

The global rapeseed canola oil market size was valued at USD 28.3 billion in 2023 and is projected to reach USD 40.7 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2032. The growth of this market is primarily driven by increasing consumer awareness regarding the health benefits associated with rapeseed canola oil, alongside a rising demand for biofuels as a sustainable energy source.

One of the significant growth factors in the rapeseed canola oil market is the health benefits it offers. Rapeseed canola oil is rich in Omega-3 and Omega-6 fatty acids, which are known to reduce cholesterol levels and improve heart health. Additionally, it is a source of Vitamin E, an antioxidant that helps combat free radicals in the body, further bolstering its appeal among health-conscious consumers. These nutritional benefits are becoming increasingly recognized, driving up demand for rapeseed canola oil in both household and commercial settings.

Another driving force for the market is the burgeoning biofuel industry. As the world continues to grapple with climate change and seeks sustainable energy alternatives, rapeseed canola oil has emerged as a viable feedstock for biodiesel production. Governments and private sectors are investing heavily in biofuel projects, further propelling the demand for rapeseed canola oil. This is particularly significant in Europe, where stringent environmental regulations are fostering the growth of the biofuel sector.

The industrial applications of rapeseed canola oil also contribute to market growth. Beyond its use in the food industry and biofuels, rapeseed canola oil is utilized in the manufacture of lubricants, cosmetics, and pharmaceuticals. Its favorable chemical properties make it a versatile ingredient, thereby diversifying its application base and enhancing market expansion. Moreover, the ongoing research and development initiatives aimed at discovering new industrial applications for rapeseed canola oil are expected to open up further growth avenues.

Regionally, Europe holds the largest share of the rapeseed canola oil market, driven by robust demand from both the food and biofuel sectors. North America follows closely, fueled by increasing health awareness and biofuel initiatives. The Asia Pacific region is anticipated to witness the highest growth rate, owing to the expanding food industry and rising disposable incomes. Latin America and the Middle East & Africa are also showing promising growth, albeit at a slower pace.

Product Type Analysis

The rapeseed canola oil market is segmented into refined and unrefined types. Refined rapeseed canola oil holds a significant market share due to its widespread use in cooking and food processing. The refining process removes impurities and enhances the oil's shelf life, making it a preferred choice for both domestic and commercial kitchens. Additionally, refined rapeseed canola oil has a higher smoke point, making it suitable for frying and other high-temperature cooking methods.

Unrefined rapeseed canola oil, on the other hand, retains more of the natural nutrients and flavors, making it a popular choice among health enthusiasts and gourmet cooks. Despite its smaller market share compared to refined oil, the demand for unrefined rapeseed canola oil is growing, particularly in niche markets that prioritize organic and minimally processed foods. This segment is also benefiting from the increasing consumer trend towards natural and clean-label products.

The refined rapeseed canola oil segment is expected to continue dominating the market, driven by its extensive applications in the food industry and other sectors. However, the unrefined segment is likely to witness faster growth, supported by rising health consciousness and the growing popularity of organic products. Innovations in refining processes that aim to retain more of the natural benefits while extending shelf life and usability could also impact this segment positively.

Furthermore, the price dynamics between refined and unrefined rapeseed canola oil play a crucial role in consumer preferences. Generally, refined oil is more cost-effective, making it accessible to a broader audience. Unrefined oil, being more expensive, targets a niche market. However, as disposable incomes rise and consumers become more willing to invest in health and quality, the unrefined segment is poised for substantial growth.

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China Settlement Price: ZCE: Rapeseed Meal: 1st Month data was reported at 2,468.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 2,550.000 RMB/Ton for Mar 2025. China Settlement Price: ZCE: Rapeseed Meal: 1st Month data is updated monthly, averaging 2,468.000 RMB/Ton from Dec 2012 (Median) to Apr 2025, with 149 observations. The data reached an all-time high of 4,215.000 RMB/Ton in Apr 2022 and a record low of 1,529.000 RMB/Ton in Nov 2015. China Settlement Price: ZCE: Rapeseed Meal: 1st Month data remains active status in CEIC and is reported by Zhengzhou Commodity Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Zhengzhou Commodity Exchange: Commodity Futures: Settlement Price.

In May 2023, the price of Refined Rapeseed Oil was $1,398 per ton (FOB, Germany), showing a decrease of -3.5% compared to the previous month.

China Settlement Price: ZCE: Rapeseed: 3rd Month data was reported at 5,569.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 5,729.000 RMB/Ton for Mar 2025. China Settlement Price: ZCE: Rapeseed: 3rd Month data is updated monthly, averaging 5,227.000 RMB/Ton from Dec 2012 (Median) to Apr 2025, with 149 observations. The data reached an all-time high of 6,753.000 RMB/Ton in May 2022 and a record low of 3,601.000 RMB/Ton in Jun 2015. China Settlement Price: ZCE: Rapeseed: 3rd Month data remains active status in CEIC and is reported by Zhengzhou Commodity Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Zhengzhou Commodity Exchange: Commodity Futures: Settlement Price.