Global HEAR (High Erucic Acid Rapeseed) Market Insights, Forecast to 2025

High erucic acid rapeseed (HEAR) is a specialty rapeseed selected for its high erucic content. It has over 50% erucic acid and is grown as a key ingredient for plastics, personal care products and pharmaceuticals. The seed, the crop and the oil are visually similar to canola, therefore every step of the supply chain demands robust and effective identity preservation processes.
The global sales of HEAR increased from 169.08 K MT in 2013 to 192.77 K MT in 2017, at a CAGR of 3.33%. In 2017, the global HEAR market is led by United Kingdom. North America is the second-largest region-wise market.

Currently, Premium crops, Bunge North America, Perdue Agribusiness and NatureScrops are the leaders of HEAR industry. Premium cropso is a global leader. In 2017, the sale of Premium crops was 51.52 K MT, and the company holds a sales share of 26.7%.

The unique properties of HEAR oil and its constituents are irreplaceable in a variety of industrial applications, including high temperature lubricants, slip agents, printing ink, cosmetics and consumable spreads. Demand globally is growing, which provides an opportunity for expansion of HEAR production. Plastic is the most important application. In 2017, plastic application holds 49.54% of the consumption market share.

The long chain length of erucic acid makes it a unique raw material in oleo chemical industry. Currently, the total demand for erucic acid is fairly low and not expected to grow radically in the near future. Most likely, growth rate is approximately equal with the general growth of oleo chemical industry, which again, as typical for mature industries, is likely to be approximately equal with the overall economic growth. A trend visible that is likely to work in favor of increased use of high erucic oil in future, both in oleo chemical and other uses. The development of "green technology" with increased emphasis on renewable resources and biodegradability is likely to increase interest in raw materials such as high erucic oil.

Global HEAR (High Erucic Acid Rapeseed) market size will increase to 57 Million US$ by 2025, from 32 Million US$ in 2018, at a CAGR of 7.3% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for HEAR (High Erucic Acid Rapeseed).

This report researches the worldwide HEAR (High Erucic Acid Rapeseed) market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global HEAR (High Erucic Acid Rapeseed) breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

The following manufacturers are covered in this report:
Bunge North America
Perdue Agribusiness
NatureScrops
Vantage Performance Materials
Premium crops

HEAR (High Erucic Acid Rapeseed) Breakdown Data by Type
Erucic Acid 43% to 50%
Erucic Acid >50%
HEAR (High Erucic Acid Rapeseed) Breakdown Data by Application
High Temperature Lubricants
Plastic
Printing Ink
Personal Care
Others

HEAR (High Erucic Acid Rapeseed) Production Breakdown Data by Region
United States
Europe
China
Japan
Other Regions

HEAR (High Erucic Acid Rapeseed) Consumption Breakdown Data by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa

The study objectives are:
To analyze and research the global HEAR (High Erucic Acid Rapeseed) capacity, production, value, consumption, status and forecast;
To focus on the key HEAR (High Erucic Acid Rapeseed) manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

In this study, the years considered to estimate the market size of HEAR (High Erucic Acid Rapeseed) :
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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