The domestic consumption of rapeseed oil in the US is forecasted to increase steadily from 3.93 million metric tons in 2024 to 4.59 million metric tons by 2028. Given this trend, the market shows a projected compound annual growth rate (CAGR) of approximately 3.11% over the five-year period from 2024 to 2028. In 2023, the consumption stood at around 3.8 million metric tons, indicating a consistent upward trend. Year-on-year growth rates are modest but positive, reflecting stable demand driven by health trends and industrial use.
Future trends to watch for include the increasing emphasis on sustainable and plant-based oils, potential legislative changes impacting production and import, and innovations in biofuel production where rapeseed oil could play a role. Additionally, shifts in consumer preferences towards healthier oil alternatives could further stimulate demand.
