Oilseed Farming Market Size, Demand, Growth, Volume, Market Forecast 2023-2030

Oilseed Farming Market Overview

Oilseed crops are those planted for the production of edible oil. Oilseed crops are grown largely for the oil contained in the seeds. The most prevalent are soybean farming and other forms of oilseed cultivation. Rising chronic illness occurrences and the increasing prevalence of oilseed agriculture are important market growth drivers. Growing customer desire for healthy and organic-based goods is driving the oilseed farming market's development pace. Furthermore, an increased understanding of the production rate using the most recent technology is enhancing market demand.

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Market Dynamics

The growing consumption of oilseeds in animal feed drives the market
This increase is projected to be fueled by the increasing use of oilseeds in animal feed. Oilseeds are rich in fatty acids, minerals, protein, vitamins, and fiber, all of which are used in the production of oil. Following the extraction of oil from oilseeds, the nutrient-dense pulp is transformed into meals or oilcakes and given to dairy farm animals in order to increase milk products and quality while lowering feed needs. Total oil meal output in 2021 is predicted to be roughly 18.5 metric tons, according to the United States Department of Agriculture (USDA), a US-based agricultural service agency. Approximately 70-80% of India's total oilseed supply is crushed for meal manufacturing, with the resultant oil and meal being used as farm animal feed.

Key manufacturers are also introducing new goods, which are projected to propel the market. Bunge and CoverCress Inc. (CCI), for example, announced a collaboration on April 29, 2022, to create the supply chain for a new biofuel and feed-targeted oilseed. Under the CoverCress name, CCI is a company creating a new winter oilseed crop. According to the partners, the crop might produce farm income as a whole grain feed component or, when processed, as a low-carbon intensity oil for renewable fuel generation and a high-protein meal for livestock and poultry feed.

Market Segmentation

The global Oilseed Farming Market is segmented by type, farming process, and by application.

By Type

• Soybean Farming
• Others

By Farming Process

• Organic Farming
• Traditional Farming

By Application

• Food Products
• Feed
• Industrial Products

Oilseed Farming Market Key Companies

Major companies in the oilseed farming market include Bunge Limited, Bayer AG, Corteva Inc., UPL Limited, Grupo Amaggi, Seaboard Corporation, Batu Kawan Berhad, Nutrien Ltd., Jardine Matheson, and KWS Saat SE.

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