How Big Is the Canola Oil Market | Trends 2031

Q: How big is the canola oil market?

The canola oil market was estimated at USD 34 billion in 2024 and is projected to reach USD 48 billion by 2031.

Q: What drives the growth of the canola oil market?

Health consciousness, demand for low-fat oils, and applications in food and biodiesel drive the growth.

Q: What trends are shaping the canola oil industry?

Trends include the rise of organic and non-GMO canola oil, and increased use in biodiesel are shaping the market.

Q: Who are the leading players in this market?

Major players include Cargill, ADM, Bunge, Wilmar, and Louis Dreyfus Company.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA5575

Publication Date: Jul 2025

What is the size of the Canola Oil Market?

According to 6Wresearch internal database and industry insights, the Global Canola Oil Market was estimated at USD 34 billion in 2024 and is projected to reach USD 48 billion by 2031, growing at a CAGR of 6.1% during the forecast period 2025–2031.

Due to increasing health awareness, rising use in food processing, and growing demand for plant-based edible oils worldwide, the canola oil market is anticipated to grow in the coming years.

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Key Growth Drivers of the Canola Oil Market

Rising awareness of heart health and low saturated fat benefits
Expansion in the foodservice and packaged food sectors
Growing popularity of plant-based and vegetarian diets
Increased application in industrial and biodiesel production
Higher yield and versatility of canola crops compared to alternatives

Canola Oil Market Trends

The canola oil market is witnessing major growth due to strong trends such as shifting toward non-GMO and organic canola oil as consumers seek healthier and sustainable options. Also, the cold-pressed and expeller-pressed variants are gaining popularity among premium segments. Further, the retailers are increasingly promoting private-label canola oil products due to cost competitiveness and brand trust. Together, all these trends are contributing in the expansion of the market.

Emerging Developments in the Canola Oil Market

Canola oil market is developing over the years with innovation in hybrid canola seeds is improving oil content and climate resilience. Further, the canola oil is increasingly being used as a biodiesel feedstock due to its low carbon emissions. Aside from these, major players are investing in green refining technologies and traceability to meet consumer demand for transparency and sustainability. These emerging developments are enhancing the presence of the market.