The demand for rapeseed and mustard oil in the US, expressed in million metric tons, is projected to grow steadily from 2.59 in 2024, reaching 2.66 by 2028. As of 2023, the consumption stood at 2.57 million metric tons. The year-on-year growth for 2024 is projected at 0.78%, while it slightly increases in the following years, reaching a CAGR of approximately 0.68% over the forecasted period from 2023 to 2028.
Future trends to watch for include potential impacts from changing dietary preferences emphasizing plant-based and healthy fats, regulatory changes affecting cultivation and import, and technological advances enhancing oil extraction efficiency, which could further influence market dynamics and demand.
