Oilseeds Market Analysis: Global Trends and Industry Insights 2024 To 2033 Key Players The Archer Daniels Midland Company, BASF SE, Burrus Seed Farm LLC, Cargill Incorporated, Corteva Agriscience.

"The Business Research Company recently released a comprehensive report on the Global Oilseeds 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 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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Market Drivers and Trends:

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.

Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.

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Major Key Players of the Market:

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

Oilseeds Market 2024 Key Insights:

• 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%.
• Growing Utilization Of Oilseeds In Animal Feed Drives Demand For The Oilseed Market
• Government Initiatives Drive Self-Sufficiency In Oilseeds And Edible Oils
• North America was the largest region in the oilseeds market in 2023

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