logo
logo
Sign in

Oilseed Market Size, Insights, Overview, Industry Revenue, Share | MRFR Reports

avatar
Market Research Future
Oilseed Market Size, Insights, Overview, Industry Revenue, Share | MRFR Reports

Market Overview:

According to a leading research firm - Market Research Future (MRFR) The global oilseeds market size was valued at $244,115.9 million in 2020, and is estimated to reach $382,474.0 million by 2031, registering a CAGR of 4.1% from 2022 to 2031.

The global oilseeds market is growing rapidly over the past few years, mainly due to the rising demand for oilseed extracts. A large amount of market demand attributes to the increasing production and sales of vegetable oils, predominantly led by the increasing number of households and the burgeoning food & beverages industry. Besides, oilseeds are extensively used to derive biofuel, oleochemicals, and other substances used across sectors.

As a result, the rising demand for biofuels across the globe is triggering the growth of the global oilseeds market. To meet the ever-growing global demand for oilseeds, farmers are increasingly adopting genetically modified oilseeds to increase yield. The market for oilseeds depends upon the global consumption of food, which is set to increase with the rise in global population.

The abundance of these crops and high return on investment is fuelling market growth. The minimum cost of development for new plant biotechnology trait leading to increased new products launch.

Additionally, the oilseeds market is majorly driven by the continuously increasing population, the pressure of maximum production, limited availability of land, and the advances in extracting technologies. Moreover, factors such as the increasing expenditures in the field of agricultural and rising demand for various types of oils from the personal care products industry is influencing the market growth.

Global Oilseeds Market – Segments

The report is segmented into four market dynamics to widen the scope of understanding,

By Category               : Conventional and Genetically Modified, among others.

By Oilseed Type        : Soybeans, Sunflower Seed, Cotton Seed, and Canola Seed, among other stacked traits.

By Biotech Trait        : Insecticide-Resistant and Herbicide-Tolerant, among others.

By Regions                 : Asia Pacific, North America, Europe, and the Rest-of-the-World.

Oilseeds Market – Regional Analysis

North America dominates the global oilseeds market with the largest market share. Factors such as the presence of major oilseeds providers alongside the high cultivation of soybeans, sunflower, and canola seeds in the region drive the growth of the market. Also, oilseeds are one of the key ingredients used in the various food products, resultantly, high consumption of these foods is estimated to trigger the growth of the regional market. Receiving major contributions from the US oilseeds market, the region is expected to continue its dominance throughout the forecast period. The oilseeds market in Canada is expected to grow at the fastest rate during the forecast period (2019 to 2027).

The oilseeds market in the European region accounts for the second-largest market, globally. The market is predominantly led by the high demand from the burgeoning F&B and Personal care products industry. Besides, factors such as the increasing consumer awareness about health benefits that oilseeds offer would foster the growth of the regional market.

The Asia Pacific oilseeds market is emerging as a promising market globally. Factors, such as the growing demand for cooking oil & biofuels among the large population in China and India, alongside the vast cultivation of oilseeds drive the regional market growth. Spreading awareness among consumers regarding the health benefits of oilseeds alongside the changing dietary habits of consumers is creating considerable market demand.  

Global Oilseeds Market – Competitive Analysis

Fiercely competitive, the oilseeds market appears fragmented due to the presence of several large and small players. Players try to gain a competitive advantage incorporating strategic initiatives such as mergers & acquisitions, expansion, collaboration, and product/technology launch. They invest substantially in R&D to bring novelty in the product and its applications across the industries. Focused on improving their market performance, players acquire small yet promising companies to expand in the fast-growing markets. Growth in terms of product innovations and derivation techniques are also expected to create strong investment opportunities for global players.

Access Full Report Below Click link: https://www.marketresearchfuture.com/reports/oilseeds-market-7808

Major Players:

Players leading the global oilseeds market include BASF SE (Germany), Monsanto Company (US), Groupe Limagrain Holding (France), Syngenta (Switzerland), DuPont (US), Nuziveedu Seeds Ltd (India), Land O'Lakes, Inc. (US), Cargill, Incorporated (US), Seed Co Limited (South Africa), and Mahyco Seeds Company Limited (India), among others.

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America

+1 646 845 9312

Email: [email protected]  

collect
0
avatar
Market Research Future
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more