Oilseed Farming Market 2024 - By Share, Current Trends, Opportunities, Growth Size And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Oilseed Farming Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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 Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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.

Oilseed Farming Market 2024 Key Insights:

• 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%.
• Rising Population Growth Is Driving Expansion Of The Oilseed Market
• Role Of Big Data Farming In Precision Agriculture For Oilseed Production
• The Asia-Pacific was the largest region in the oilseed farming market in 2023

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