Oilseed Farming Market Characteristics
The oilseed farming market consists of the sales of oilseeds by entities (organizations, sole traders and partnerships) that produce oilseed crops earn from sales of oil seeds. Oilseeds include 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.
Competitive Landscape of the Oilseed Farming Market
Major players in the global oilseed farming market include Burrus Seed farm, Gansu Dunhuang Seed Co Ltd, Hefei Fengle Seed Co Ltd, Land O’Lakes Inc, Diester Industrie.
Oilseed Farming Market Size
The oilseed farming market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period. The growth in the oilseed farming market is due to low interest rate environment, increasing population and global economic growth.
However, the market for oilseed farming is expected to face certain restraints from several factors such as weak wage growth in developed economies and reduction in free trade.
Oilseed Farming Market Segmentation
The global oilseed farming market is further segmented based on type and geography.
By Type - The oilseed farming market is segmented into soybean farming, other oilseed farming .
By Geography - The global oilseed farming is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia Pacific oilseed farming market accounts the largest share in the global oilseed farming market.
Trends in the 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, is the major trend in the oilseed farming market.
Potential Opportunities in the Oilseed Farming Market
With continued technology investment, investments in end user industries and Economic Growth, the scope and potential for the global oilseed farming market is expected to significantly rise in the forecast period.