Canola oil market seen reaching $62.15 billion by 2035

The global canola oil market is projected to rise from $42.6 billion in 2025 to $62.15 billion by 2035, according to a new market assessment. Growth is being driven by food manufacturing, foodservice demand, premium organic products and high-oleic formulations as buyers look for healthier and more versatile cooking oils.

Why it matters: - Canola oil is moving from a commodity ingredient to a more segmented market with premium, performance and sustainability-led products. - Food manufacturers, restaurants and households are all pushing demand for oils that balance functionality, nutrition and supply reliability. - The forecast points to a broader shift in edible oils toward products with clearer health, sourcing and processing credentials.

What happened: - The market is projected to grow from USD 42.60 billion in 2025 to USD 44.10 billion in 2026, then reach about USD 62.15 billion by 2035. - The forecast calls for a 3.55% CAGR from 2026 to 2035. - The study covers 2021 to 2024 as the historical period, uses 2025 as the base year and forecasts through 2035. - Market Research Future published the assessment and made a sample report available with a full PDF sample copy.

The details: - Canola oil is used in household cooking, food manufacturing, bakery production, frying, sauces, packaged foods and commercial foodservice because of its neutral flavor and broad formulation compatibility. - Food manufacturers use canola oil in bakery products, dressings, sauces, prepared meals and snacks. - Restaurants and commercial kitchens use canola oil for frying and general cooking. - Packaged and convenience foods are supporting demand because processors need oils that perform consistently in standardized production systems. - Canola oil’s low saturated fat content and unsaturated fatty acids support its health-oriented positioning. - Developed markets are seeing stronger label awareness and nutritional scrutiny, while urbanization and changing diets in emerging economies are expanding the packaged edible-oil customer base. - High-oleic refined canola oil is gaining attention because it offers improved oxidative stability and better performance under repeated high-temperature cooking. - That makes high-oleic oil attractive for restaurants, quick-service operators, snack makers and frozen-food producers. - Organic canola oil is emerging as a fast-growing segment, supported by clean-label demand, certified ingredients and traceable supply chains. - Organic production requires certification, identity preservation and contamination control between organic and conventional supply streams. - Foodservice and HoReCa is projected to be one of the fastest-growing end-user categories as restaurants, hotels, catering businesses, institutional kitchens and quick-service chains expand. - Industrial users remain a major demand base, especially for bakery goods, snacks, sauces, prepared foods and dressings. - Canola oil also faces competition from renewable-fuel markets in some regions, which can affect feedstock availability and pricing. - Sustainability is becoming more important across the value chain, with growers and processors focusing on soil management, fertilizer efficiency, reduced tillage, crop rotation, traceability and resource optimization. - Supply-chain risk remains tied to weather, soil quality, water availability, crop health, input costs, trade rules and transportation costs. - The report names Cargill, Archer-Daniels-Midland, Bunge Global, Louis Dreyfus Company, Richardson International, Viterra, Wilmar International, CHS, AGT Food and Ingredients and Ceres Global Ag Corp. as leading companies.

Between the lines: - The market’s growth profile suggests buyers are paying more attention to functional performance and operating economics, not just upfront oil prices. - High-oleic and organic products are becoming differentiation tools in a market that still depends on large-volume refined oil. - Sustainability and traceability are shifting from marketing themes to commercial requirements, especially for premium, certified and export-oriented products. - Energy demand for vegetable oil feedstocks creates a potential squeeze on food-grade supply in some regions.

What's next: - Producers are likely to keep investing in high-oleic, organic and specialty foodservice products to capture higher-margin demand. - Companies are expected to focus on resilient sourcing, refining capacity, storage, logistics and diversified supply arrangements. - Regional processing and bottling investment could grow in markets that rely heavily on imported refined edible oils. - Strategic partnerships among growers, crushers, refiners, distributors and food buyers are likely to become more important. - Crop-breeding programs aimed at resilience and productivity could help stabilize long-term canola supply.

The bottom line: - Canola oil is forecast to remain a large, steady market through 2035, with the strongest growth coming from specialty, health-focused and foodservice-oriented products.