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Organic Oilseed Farming Market Size, Key Drivers, Top Trends, Industry Analysis And Forecast To 2033
Organic Oilseed Farming Market Analysis
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the organic oilseed farming industry. This report on organic oilseed farming market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The organic oilseed farming market size has grown rapidly in recent years. It will grow from $5.08 billion in 2023 to $6.02 billion in 2024 at a compound annual growth rate (CAGR) of 18.6%. The growth in the historic period can be attributed to growing health consciousness, environmental concerns, regulatory support, increasing organic food industry.
The organic oilseed farming market size is expected to see rapid growth in the next few years. It will grow to $12.08 billion in 2028 at a compound annual growth rate (CAGR) of 19.0%. The growth in the forecast period can be attributed to growing organic market, consumer preferences, climate change resilience. Major trends in the forecast period include research and innovation, non-gmo and chemical-free, technological advancements, diversity of oilseeds.
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Key Market Players:
The Archer-Daniels-Midland Company, Cargill Inc., Bungee, Bayer AG, Limagrain, Monsanto, Cootamundra Oilseeds Pty Ltd., Burrus Seed, Gansu Dunhuangseed are prominent players in the organic oilseed farming industry.
Market Drivers:
According to the Organic Oilseed Farming Market Report 2024 by The Business Research Company, Growing demand for organic oil extracted from organic oilseeds and their products is driving the organic oilseeds farming market. The increase in awareness about the harmful effects of conventionally produced oil on an individual's health as well as on the environment is making individuals prefer the oil produced from organic oilseeds. The demand is not only for edible purposes but also to produce greener cosmetics. The by-products produced after the extraction of organic oilseeds are used as a high-protein organic feed for animals raised organically. For instance, in November 2021, Biofuels International, a UK-based magazine, reported that the most current USDA projection predicted that 214.8 million metric tons of vegetable oils would be produced worldwide between 2021/22-an increase of 8.21 million metric tons from 2020-21. Trillium Organics is offering USDA certified organic skin care products made from organically produced ingredients. Their organic body oil is made with olive, jojoba, and sunflower oils. Therefore, the growing demand for organic oil extracted from organic oilseeds and their by-products drives the growth of the organic oilseed farming market.
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Market segments for organic oilseed farming include:
1) By Type: Soybeans, Sesame, Rapeseed, Groundnuts, Sunflower Seed, Other Types
2) By Method: Crop Diversity, Soil Management, Weed Management, Controlling
3) By Farming Type: Pure Organic Farming, Integrated Organic
4) By Application: Household Consumption, Food-Service, Bio-Fuels, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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