Oilseeds Market 2024 - By Size, Share Analysis, Trends And Growth Forecast By 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Oilseeds Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $469.14 billion In 2028 At A CAGR Of 9.3% :

The oilseeds market size has grown strongly in recent years. It will grow from $299.83 billion in 2023 to $328.61 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to demand for edible oils, population growth, changing diets, trade policies, consumer preferences.

The oilseeds market size is expected to see strong growth in the next few years. It will grow to $469.14 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to biofuel production, health and wellness trends, global economic trends, climate change impact, rising health consciousness, biofuel expansion. Major trends in the forecast period include technology and farming practices, plant-based movement, technology integration.

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Oilseeds Market Major Segments
The oilseeds market covered in this report is segmented -

1) By Oilseed Type: Copra, Cottonseed, Palm Kernel, Peanut, Rapeseed, Soybean, Sunflower Seed, Other Oilseed Types
2) By Biotech Trait: Herbicide Tolerant, Insecticide Resistant, Other Stacked Trait
3) By Category: Genetically Modified, Conventional
4) By Application: Oilseed Meal, Vegetable Oil, Other Applications
5) By End-Use Industry: Food Industry, Personal Care and Cosmetic, Pharmaceutical, Other End Users

Key Driver - Growing Utilization Of Oilseeds In Animal Feed Drives Demand For The Oilseed Market

The growing usage of oilseeds in animal feed is expected to propel the growth of the oilseed market going forward. Oilseeds are a rich source of oil, fatty acids, vitamins, minerals, protein, and fiber, all of which are often employed in the extraction of oil. Following the extraction of oil from oilseeds, the nutrient-dense pulp is transformed into oilcake or meals and fed to dairy farm animals to improve the product and quality of milk while also reducing feed requirements. For instance, according to a report by the United States Department of Agriculture (USDA), a US-based agriculture service organization, in 2021, the total production of oil meal was around 18.5 metric tons. Approximately 70-80% of India's total oilseed supply is crushed for producing meal, and the oil and meal derived are used mostly for animal feed on farms. Therefore, the growing usage of oilseeds in animal feed is driving the demand for the oilseed market.

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Prominent Trend - Government Initiatives Drive Self-Sufficiency In Oilseeds And Edible Oils

Rising government initiatives are a key trend gaining popularity in the oilseeds market. Governments across the world are taking an indicative to improve the production of oilseeds and cut costly vegetable oil imports. For instance, in August 2021, the government of India launched a National Mission on Oilseeds and Oil Palm, a strategy to increase local oilseed output and become self-sufficient in edible oil. Through the National Mission on Oilseeds and Palm Oil, the government will invest more than 110 billion rupees ($1.48 billion) to provide farmers with everything they need, including better seeds and technology.

Oilseeds Market Players
Major companies operating in the oilseeds market report are The Archer Daniels Midland Company, BASF SE, Burrus Seed Farm LLC, Cargill Incorporated, Corteva Agriscience, Mahyco Seeds Limited, Syngenta Group Co. Ltd., Gansu Dunhuang Seed Group Co. Ltd., Bunge Limited, E. I. du Pont de Nemours and Company, Land O'Lakes Inc., Nuziveedu Seeds Limited, Ostro Organics Inc., Wilmar International Limited, Cootamundra Oilseeds Pty Ltd., Soni Soya Products Limited, Monsanto Company (now Bayer CropScience), Groupe Limagrain Holding SA, La Tourangelle Inc., BIO PLANÈTE Ölmühle Moog GmbH, Seed Co Limited, Roland Foods LLC, OPW Ingredients GmbH, Groupe Limagrain SA, Bayer AG, KWS SAAT SE & Co. KGaA, Syngenta Crop Protection AG, Provital Group, Chenguang Biotech Group Co Ltd., United Genetics Seeds Co., Pioneer Hi-Bred International Inc., Delta and Pine Land Company

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Largest And Fastest Growing Region In The Market
North America was the largest region in the oilseeds market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oilseeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Oilseeds Market Report Structure
3. Oilseeds Market Trends And Strategies
4. Oilseeds Market - Macro Economic Scenario
5. Oilseeds Market Size And Growth
…..
27. Oilseeds Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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