| Product Code: ETC410605 | Publication Date: Oct 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines continues to witness significant growth in high erucic acid rapeseed oil imports, with a strong Compound Annual Growth Rate (CAGR) of 9.3% from 2020 to 2024. In 2024, top exporting countries like Singapore, UK, Malaysia, Japan, and Denmark have contributed to this uptrend, reflecting a diverse supply chain. Despite the healthy competition from multiple origins, the Herfindahl-Hirschman Index (HHI) remained at a high concentration level in 2024, indicating the dominance of key players in the market. The remarkable growth rate of 33.39% from 2023 to 2024 underlines the increasing demand for high erucic acid rapeseed

The Philippines high erucic acid rapeseed oil market has been witnessing steady growth in recent years. High erucic acid rapeseed oil, known for its unique composition and potential health benefits, has gained traction among health-conscious consumers. The oil`s versatility for both culinary and industrial applications has contributed to its increasing demand. As the market continues to evolve, manufacturers are focusing on enhancing production techniques to ensure consistent quality and exploring opportunities to promote the oil`s nutritional advantages.
The Philippines high erucic acid rapeseed oil market is intertwined with both agricultural and industrial demands. With erucic acid-rich oilseeds finding applications in lubricants, industrial coatings, and bio-based plastics, the market`s growth is linked to the broader trends of sustainable sourcing and eco-friendly materials.
The Philippines high erucic acid rapeseed oil market encounters challenges related to health concerns associated with erucic acid consumption. Addressing these concerns through rigorous testing and clear labeling is crucial. Additionally, the market must contend with competition from other edible oils and communicate the benefits of high erucic acid rapeseed oil in specific industrial applications.
The COVID-19 pandemic could have impacted the Philippines high erucic acid rapeseed oil market due to disruptions in the agricultural supply chain and shifts in consumer preferences. Lockdowns and restrictions might have affected farming activities, leading to potential supply shortages. Additionally, changing consumer priorities towards health and wellness during the pandemic might have influenced demand for healthier cooking oils. The market`s performance may have been determined by the balance between supply chain challenges and shifting consumer behaviors.
The high erucic acid rapeseed oil (HEAR) market in the Philippines is mostly served by large international firms such as ADM ? Archer Daniels Midland Company - Proseed Plantain Industries Corporation (PPIC), Ajinomoto Heartland LLC., Hummingbird Oil Coorporation LLP etc. Smaller scale local producers also have a presence but they still cannot compete with these bigger firms when it comes to quality and quantity of HEAR production and sale within this country.