What Does the Historical and Current Oilseeds Market Size Trend Indicate?
The oilseeds market has seen considerable growth due to a variety of factors.
• In the past few years, the market size of oilseeds has seen a significant surge. It is projected to increase from $326.04 billion in 2024 to $357.49 billion in 2025, with a compound annual growth rate (CAGR) of 9.6%.
Factors like heightened demand for edible oils, population increase, alterations in dietary patterns, trade regulations, and consumer tastes have all contributed to the growth observed during the historic period.
How Will the Oilseeds Market Size Evolve over the Forecast Period?
The oilseeds market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated robust expansion in the oilseeds market is projected over the coming years, with the market size forecasted to reach $519.39 billion by 2029, registering a compound annual growth rate (CAGR) of 9.8%.
Factors contributing to this projected growth in the forecast period include the production of biofuel, health and wellness inclinations, worldwide economic patterns, implications of climate change, and an increase in health awareness and biofuel proliferation. Key trends expected during this forecast period encompass technology advancement and agricultural methods, the movement towards plant-based options, and the integration of technology.
Which Factors Are Boosting Growth In The Oilseeds Market?
The oilseed market's expansion is expected to be fueled by the increasing utilization of oilseeds in animal feed. Oilseeds, which are abundant in oil, fatty acids, vitamins, minerals, protein, and fiber, are frequently used for oil extraction. Once the oil is extracted from the oilseeds, the remaining high-nutrient pulp is processed into oilcake or meals and then used as feed for dairy farm animals. This not only enhances the products and milk quality but also minimizes feed requirements. For example, in 2022, a report showed that India's oilseed production for MY 2022/23 is estimated to hit 42.1 million metric tons, marking a 1% increase. Concurrently, oil meal production is expected to surge by 2% to 20.7 million metric tons, while exports might see a 13% increase, reaching 3.7 MMT. Hence, the escalating use of oilseeds in animal feed is propelling the oilseed market's demand.
What Key Areas Define The Segmentation Of The Global Oilseeds Market?
The oilseeds market covered in this report is segmented –
1) By Oilseed Type: Copra, Cottonseed, Palm Kernel, Peanut, Rapeseed, Soybean, Sunflower Seed, Other Oilseed Types
2) By Biotech Trait: Herbicide Tolerant, Insecticide Resistant, Other Stacked Trait
3) By Category: Genetically Modified, Conventional
4) By Application: Oilseed Meal, Vegetable Oil, Other Applications
5) By End-Use Industry: Food Industry, Personal Care and Cosmetic, Pharmaceutical, Other End Users
Subsegments:
1) By Copra: Copra Meal, Copra Oil, Desiccated Coconut
2) By Cottonseed: Cottonseed Oil, Cottonseed Cake, Cottonseed Meal
3) By Palm Kernel: Palm Kernel Oil, Palm Kernel Cake
4) By Peanut: Peanut Oil, Peanut Meal, Blanched Peanuts
5) By Rapeseed: Rapeseed Oil, Rapeseed Meal
6) By Soybean: Soybean Oil, Soybean Meal, Whole Soybeans
7) By Sunflower Seed: Sunflower Oil, Sunflower Meal, Sunflower Seeds
8) By Other Oilseed Types: Safflower Seed, Flaxseed, Hemp Seed, Sesame Seed
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How Are Emerging Trends Reshaping The Dynamics Of The Oilseeds Market?
Primary corporations in the oilseeds market are now concentrating on implementing technological improvements like Edible Oils-Oilseeds. These advancements aim to enhance processing techniques and develop healthier oil products that can cater to the increasing consumer demand while simultaneously mitigating environmental implications. The National Mission Edible Oils-Oilseeds is geared towards ramping up domestic production of edible oils and oilseeds, cutting down import reliance, and enriching farmer livelihoods through advanced farming methods and processing technologies. For example, in October 2024, the Indian Government initiated the National Mission on Edible Oils-Oilseeds (NMEO-Oilseeds) to escalate domestic oilseed production and achieve self-reliance in edible oils. Edible oils sourced from oilseeds are commonly used in cooking, food processing, nutritional supplements, cosmetics, industrial applications, animal feed, and pharmaceuticals, underscoring their critical role in an array of sectors.
Who Are the Key Players in the Oilseeds Market?
Major companies operating in the oilseeds market include:
• The Archer Daniels Midland Company
• BASF SE
• Burrus Seed Farm LLC
• Cargill Incorporated
• Corteva Agriscience
• Mahyco Seeds Limited
• Syngenta Group Co. Ltd.
• Gansu Dunhuang Seed Group Co. Ltd.
• Bunge Limited
• Land O'Lakes Inc.
• Nuziveedu Seeds Limited
• Ostro Organics Inc.
• Wilmar International Limited
• Cootamundra Oilseeds Pty Ltd.
• Soni Soya Products Limited
• Groupe Limagrain Holding SA
• La Tourangelle Inc.
• BIO PLANÈTE Ölmühle Moog GmbH
• Seed Co Limited
• Roland Foods LLC
• OPW Ingredients GmbH
• Groupe Limagrain SA
• Bayer AG
• KWS SAAT SE & Co. KGaA
• Syngenta Crop Protection AG
• Provital Group
• Chenguang Biotech Group Co Ltd.
• United Genetics Seeds Co.
• Pioneer Hi-Bred International Inc.
• Delta and Pine Land Company
What Is The Most Dominant Region In The Oilseeds Market?
North America was the largest region in the oilseeds market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oilseeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
