Oilseed Farming Global Market To Reach Value Of About $519.28 Billion In 2025
2 Feb, 2021
The oilseed farming market consists of sales of oilseeds by entities (organizations, sole traders and partnerships) that produce oilseed crops including soybeans, sunflower seeds, rapeseeds, sesame seeds and other oilseeds. These crops are typically grown in open fields and have an annual growth cycle. This market excludes processed oilseed products such as refined and unrefined vegetable oils and oilseed extracts. This market also excludes the proceeds from the captive (internal) consumption of the seeds for further processing.
Global Oilseed Farming Market Size And Drivers:
The global oilseed farming market is expected to grow from $369.12 billion in 2020 to $390.7 billion in 2021 at a compound annual growth rate (CAGR) of 5.8%. The market is expected to reach $519.28 billion in 2025 at a CAGR of 7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
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Trends In The Global Oilseed Farming Market
Big data farming, also known as precision farming, is being widely being used in several developed countries to make oilseed production more efficient. Precision agriculture collects real time data on weather, soil and air quality, crop maturity, equipment, labor costs and availability to carry out agriculture activities. Farmers use these techniques to determine the amount of nutrients, water, seed and other inputs required to produce a wide range of oilseed crops on diverse soil environments, thereby increasing farm and crop yield.
Global Oilseed Farming Market Segments:
The global oilseed farming market is further segmented based on type, application, farming process and geography.
By Type: Soybean Farming, Other Oilseed Farming.
By Application: Food Products, Feed, Industrial Products.
By Farming Process: Organic Oilseed Farming, Traditional Farming.
By Geography: The global oilseed farming market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific was the largest region in the global oilseed farming market, accounting for 42% of the total market.
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Oilseed Farming Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides oilseed farming market overviews, analyzes and forecasts market size and growth for the global oilseed farming market, oilseed farming market share, oilseed farming market players, oilseed farming market segments and geographies, oilseed farming market’s leading competitors’ revenues, profiles and market shares. The oilseed farming market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.