Press release
Oilseed Farming Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Bunge Limited, Bayer AG, Corteva Inc., UPL Limited, Grupo Amaggi, Seaboard Corporation
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company offers in-depth market insights through Oilseed Farming Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The oilseed farming market size has grown rapidly in recent years. It will grow from $559.77 billion in 2023 to $631.85 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to demand for edible oils, animal feed, biofuel production, industrial applications, global population growth.
The oilseed farming market size is expected to see rapid growth in the next few years. It will grow to $991.44 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to health and wellness trends, biofuel expansion, plant-based protein, the expansion of emerging markets with rising incomes and changing dietary habits, sustainable agriculture. Major trends in the forecast period include organic oilseeds, precision agriculture, non-gmo oilseeds, local and small-scale production, research and development.
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Market Segmentation:
The main types of oilseed farming are soybean farming and other types. Soybean farming refers to a hairy annual Asian legume that is widely grown for its oil-rich proteinaceous seeds, forage, and soil improvement. The farming processes are organic oilseed farming and traditional farming. The various applications included food products, feed, and industrial products.
Major Driver - Rising Population Growth Is Driving Expansion Of The Oilseed Market
The rising population growth is expected to propel the growth of the oilseed market going forward. Population refers to the total number of individuals living in a specific geographical area or region at a given point in time, which is a demographic concept used to quantify the size of a community, city, country, or any other defined area. Oilseeds produces edible oils, protein, and potential biofuels to feed its population, ensuring food security and to provide an adequate food supply to meet the dietary needs of people. For instance, in January 2022, according to the United States Department of Commerce, a US-based executive department, the population in the US was 332,403,650 in 2022, which has increased to 0.21% in population from 2021. Therefore, rising population growth is driving the growth of the oilseed market.
Competitive Landscape:
Major companies operating 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 Holdings Limited, KWS Saat SE, Archer Daniels Midland Company, Cargill Incorporated, Monsanto Company, DuPont Pioneer, Syngenta AG, Dow AgroSciences LLC, Wilmar International Limited, Sime Darby Plantation, Agrium Inc., The Mosaic Company, United Oilseeds, TerraVia Holdings, PGG Wrightson Seeds Limited, Croda International Plc, Pacific Seeds, GrainCorp Limited, Advanta Seeds, Euralis Semences S.A.S., Golden Agri-Resources, Neem Biotech, DLF Seeds A/S, DSV A/S, Sakata Seed Corporation, Rallis India Limited, Mahyco Private Limited, Rijk Zwaan Zaadteelt en Zaadhandel B.V., East-West Seed.
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Top Trend - Role Of Big Data Farming In Precision Agriculture For Oilseed Production
Big data farming, also known as precision farming, is being widely 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, labour 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 in diverse soil environments, thereby increasing farm and crop yield.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Oilseed Farming Market Characteristics
3. Oilseed Farming Market Trends And Strategies
4. Oilseed Farming Market - Macro Economic Scenario
5. Oilseed Farming Market Size And Growth
…..
27. Oilseed Farming Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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