South America Rapeseed Oil Market Outlook, 2028

Nestled within the verdant landscapes of South America, the rapeseed oil market is quietly sowing the seeds of culinary transformation. In the heart of the Amazon rainforest and the sprawling pampas of Argentina alike, rapeseed fields bloom with golden promise, providing a unique twist to the continent's rich culinary heritage. From the sizzling steaks of Argentina, where rapeseed oil's high smoke point adds an irresistible sear, to the vibrant ceviches of Peru, where it’s light and delicate flavor elevate the freshest catch of the day, this oil is becoming the new culinary muse of South America. Beyond its gastronomic prowess, South American rapeseed oil is forging a sustainable path, aligning with the region's commitment to eco-consciousness. As this market continues to grow, it not only nourishes the palates of South America but also exemplifies the fusion of tradition and innovation while preserving the natural beauty that defines this captivating continent. According to the research report, “South America Rapeseed Oil Market Outlook, 2028” published by Bonafide Research, the market is anticipated to add near to USD 1.09 Billion from 2023 to 2028. The South America rapeseed oil market is experiencing a remarkable expansion, catalyzed by the region's diverse agricultural landscapes and the growing demand for versatile cooking oils. Across the continent, countries are embracing the potential of rapeseed oil to bring a distinctive flavor and health-conscious appeal to their cuisines. In the vast agricultural expanse of Argentina, known for its world-class beef, rapeseed oil has found a prominent place in culinary traditions. Its high smoke point makes it ideal for searing the beloved Argentine steaks to perfection, enhancing their succulence while preserving the rich flavors that define the nation's cuisine. Brazil, with its thriving food industry and diverse gastronomy, has also embraced rapeseed oil. Chile, nestled along the Pacific coast, has incorporated rapeseed oil into its vibrant seafood dishes. Its mild, nutty undertones complement the fresh flavors of ceviche and grilled fish, making it a staple in coastal kitchens. The expansion of the South American rapeseed oil market is not only driven by its culinary versatility but also by its eco-friendly production practices. Many South American countries are committed to sustainable agriculture, aligning with global trends towards environmentally responsible food production.

The report is segmented on the basis of Nature of Rapeseed oil that is Organic and Conventional. In South America, conventional rapeseed oil consumption significantly surpasses that of organic rapeseed oil. While the continent is renowned for its diverse and fertile agricultural landscapes, the preference for conventional rapeseed oil remains dominant in the culinary and industrial sectors. This preference is largely attributed to the lower production costs associated with conventional farming methods, making conventional rapeseed oil more affordable and readily available to consumers. Conventional rapeseed oil has become a staple in South American kitchens, prized for its versatility in high-heat cooking and frying. Its widespread use extends to various traditional dishes, from the sizzling asados of Argentina to the savory empanadas of Chile and the vibrant curries of Brazil. The affordability of conventional rapeseed oil has made it an attractive choice for both households and foodservice establishments, contributing to its higher consumption. Despite the burgeoning interest in organic and sustainable food products worldwide, South America's consumption of organic rapeseed oil remains comparatively lower. While the demand for organic options is growing steadily, factors such as limited availability, higher price points, and a preference for conventional flavors and cooking characteristics have hindered the widespread adoption of organic rapeseed oil. According to the End- Users of rapeseed oils, the report has been categorized into three end -users type; Households, Industrial, and Food Service. In South America, conventional rapeseed oil consumption significantly surpasses that of organic rapeseed oil. While the continent is renowned for its diverse and fertile agricultural landscapes, the preference for conventional rapeseed oil remains dominant in the culinary and industrial sectors. This preference is largely attributed to the lower production costs associated with conventional farming methods, making conventional rapeseed oil more affordable and readily available to consumers. Conventional rapeseed oil has become a staple in South American kitchens, prized for its versatility in high-heat cooking and frying. Its widespread use extends to various traditional dishes, from the sizzling asados of Argentina to the savory empanadas of Chile and the vibrant curries of Brazil. The affordability of conventional rapeseed oil has made it an attractive choice for both households and foodservice establishments, contributing to its higher consumption. Rapeseed oil, renowned for its versatility and numerous benefits, holds the largest market share in households across the globe. Its culinary prowess, from sautéing to baking and frying, has made it a kitchen staple. However, its utility doesn't stop at the dinner table. Rapeseed oil has also found its way into various other industries, including cosmetics. In the cosmetics industry, rapeseed oil serves as a valuable ingredient due to its exceptional emollient properties. Its high content of fatty acids, particularly omega-3 and omega-6, makes it a natural choice for skincare and hair care products. Rapeseed oil's moisturizing and nourishing qualities help to soothe dry skin, reduce inflammation, and promote a healthy complexion. It's often used in creams, lotions, and serums, contributing to the formulation of products that enhance skin and hair health. Additionally, rapeseed oil's light and non-greasy texture make it ideal carrier oil for essential oils, further expanding its use in aromatherapy and massage therapy applications. This dual-purpose nature of rapeseed oil, suitable for both culinary and cosmetic use, highlights its versatility and widespread presence in our daily lives, enriching not only our meals but also our self-care routines. As consumers continue to prioritize natural and multifunctional ingredients, the demand for rapeseed oil in cosmetics is poised to grow, further solidifying its role as a key player in various industries. According to the Rapeseed oil market, the report is segmented on the basis of distributional channels, which includes Online and Offline distribution of oils. In South America, the distributional channel for rapeseed oil has traditionally been dominated by conventional stores, hypermarkets, and supermarkets. These brick-and-mortar retail outlets have been the go-to destinations for consumers seeking a wide variety of cooking oils, including rapeseed oil, thanks to their convenience and extensive product selections. Shoppers often trust these established stores for their quality assurance and readily available supply. However, with the ever-growing influence of e-commerce and changing consumer shopping habits, there has been a noticeable shift in the distribution of rapeseed oil. Online sales are on the rise, driven by the convenience of purchasing products from the comfort of one's home, the availability of a broader range of brands and varieties, and often competitive pricing. This shift is also catalyzed by the increasing number of consumers seeking specialty or organic rapeseed oil options, which may not always be readily found in traditional stores. The online sales platform offers the advantage of easy comparison shopping, access to customer reviews, and the ability to explore niche or premium rapeseed oil products that may not be as prominently featured in physical stores. As a result, South American consumers are increasingly turning to online retailers to meet their rapeseed oil needs. This evolving distribution landscape in South America, with the gradual expansion of online sales alongside the enduring presence of conventional stores and supermarkets, reflects the changing dynamics of consumer behavior and the adaptability of the rapeseed oil market to meet these demands. Start-ups/ Events: •In 2021, the Chilean government announced a new law that would require all biodiesel to be made with a minimum of 5% rapeseed oil. The law is expected to boost demand for rapeseed oil in Chile. •Green Oil: This Brazilian company is developing a new method of producing rapeseed oil that uses less water and energy than traditional methods. The company has recently raised $10 million in funding to support its research and development efforts. •Empresa Semilla: This Chilean Company is producing a new variety of rapeseed that is drought-tolerant. The company has recently received funding from the Chilean government to support its research and development efforts. •In 2018, Argentina became the world's leading producer of rapeseed oil. The country produced 11.5 million tons of rapeseed oil in 2018, accounting for 20% of global production. Considered in this report: •Geography: South America •Historic year: 2017 •Base year: 2022 •Estimated year: 2023 •Forecast year: 2028

Aspects covered in this report: •South America Rapeseed Oil Market with its value and forecast along with its segments •Various drivers and challenges •On-going trends and developments •Top profiled companies •Strategic recommendation Countries covered in the report: •Brazil •Argentina •Colombia By Nature: •Conventional •Organic By End User: •Household •Industrial •Food Service By Distributional Channel: •Conventional Store •Hypermarket/Supermarket •Direct Sales •Online •Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Rapeseed Oil Market industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.