, March 07, 2018 ) North America Canola Oil Market
was worth USD XX million in 2017 and estimated to be growing at a CAGR of XX%, to reach USD XX million by 2022. Canola Oil is a vegetable oil extracted from rapeseed, which is low in euric acid.
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Canola oil is used for both industrial purposes and cooking purposes. It is used as biodiesel for industrial purposes. It offers many health benefits like rich source for omega 3 and omega 6 fatty acids that are good for heart. It is the third largest oil crop in the world. It also helps in lowering the levels of bad cholesterol due to its high content of oleic acid.
Factors and trends impacting the market:
Primary factors accounted for driving the market are increasing risk factors for cardiovascular diseases and increasing population of individuals affected with cardiovascular diseases, shifting consumer focus and preference towards healthy diet and low fat oils and increasing awareness regarding the health benefits of canola oil. On the other hand, expensive price of canola oil compared to other edible oils is the factor hindering the growth of market.
Segmentation of the Market:
The North America market for Canola Oil is segmented based on Application. Based on Application it is divided into Cooking purposes, Industrial use and Others. Based on geographical analysis, the market is divided into regions of United States of America and Canada. USA holds the major share in the market due to presence of market leaders as well as extensive use of canola oil as for cooking purposes. USA is also the fastest growing region due to increasing disposable income, growing awareness and increasing adoption rate. Based on Application, Cooking purpose holds the major share in the market due to its higher smoke point than many other edible oil and its use in multiple cuisines. Industrial Use segment is the fastest growing one based on application due to increasing use of canola oil as biofuel and uses in cosmetics.
Key Players of the Market:
Some of the key players dominating this market include Archer Daniel Midland Company, Associated British Foods, Burge, Cargill, Wilmar International, Conagra Foodservice, DalmiaShop, Huiles TITAN OILS, Jivo Wellness and Richardson International.
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2) End User
Food service sector
Scope of the Report:
• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms Application, region along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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