As of 2023, Canada's rapeseed and mustard oil non-food uses stood at approximately 115.0 thousand metric tons.
From 2024 to 2028, the forecasted data suggests a steady growth in demand, with volumes projected to rise from 117.0 to 127.0 thousand metric tons. On a year-on-year basis, this indicates an increase ranging from approximately 1.7% to 2.4%. The compound annual growth rate (CAGR) over the five-year period is roughly 2.1%, highlighting a consistent upward trend in non-food applications of these oils.
Trends to watch for in the future include:
- Advances in bioplastics could drive greater demand, as industries seek renewable and sustainable raw materials.
- Legislative changes or consumer preferences for eco-friendly products may further boost non-food applications.
- Technological innovations in oil processing could unlock new applications and enhance competitiveness in the sector.
