| Product Code: ETC410603 | 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 |
Singapore`s import trend for high erucic acid rapeseed oil showed significant growth from 2023 to 2024, increasing by 2627.84%. The compound annual growth rate (CAGR) between 2020 and 2024 stood at 80.19%. This surge in imports can be attributed to a strategic shift towards diversifying the sources of edible oils to meet evolving consumer preferences and enhance supply chain resilience.
The Singapore high erucic acid rapeseed oil market provides a specialized oil with industrial and technical applications. Market dynamics are influenced by responsible sourcing practices, product quality, and adherence to industry standards to meet the demands of various industrial applications.
The Singapore high erucic acid rapeseed oil market is expected to expand as industries seek alternatives to conventional oils. High erucic acid rapeseed oil has industrial applications, particularly in lubricants and plasticizers. Its potential as a bio-based and sustainable option aligns with the growing demand for eco-friendly products. Industries looking to reduce their carbon footprint and reliance on petroleum-based alternatives are likely to drive the market`s growth.
The high erucic acid rapeseed oil market in Singapore faces challenges related to erucic acid content regulation and market acceptance. High erucic acid rapeseed oil has specific industrial applications, but its use is subject to regulations due to health concerns. Navigating regulatory requirements, addressing concerns about oil composition, and meeting market demand for specific industrial applications are key challenges for market competitiveness.
The high erucic acid rapeseed oil market in Singapore demonstrated adaptability during the COVID-19 pandemic. While there were fluctuations in supply chains, high erucic acid rapeseed oil continued to be used in various industrial applications. Suppliers of high erucic acid rapeseed oil adapted by ensuring product availability and quality. The pandemic underscored the importance of versatile and sustainable oil alternatives in industrial processes, influencing market strategies.
Major companies in the Singapore high erucic acid rapeseed oil market include Archer Daniels Midland Company, The Louis Dreyfus Company Asia Pte. Ltd., and Cargill Incorporated.