Commodities
Canola Oil Market Set to Reach $62.15 Billion by 2035
The global canola oil market is expected to reach USD 62.15 billion by 2035, driven by increasing demand for healthier cooking oils and sustainable food ingredients.
According to a recent market assessment, the industry will expand at a CAGR of 3.55% from 2026 to 2035, with a projected value of USD 44.10 billion in 2026.
The rising demand for versatile cooking oils is supporting the growth of the canola oil market, as consumers seek products that combine functional performance and nutritional appeal.
Food manufacturers are increasingly using canola oil in their formulations due to its neutral flavor and broad compatibility with various recipes.