Global Oilseeds Market to Reach $519.4 Billion by 2029, Growing at 0.0978894853711683% CAGR

"What industry-specific factors are fueling the growth of the oilseeds market?
The escalating utilization of oilseeds in animal fodder is projected to spur the progress of the oilseed market in the future. Oilseeds, abundant in oil, fatty acids, vitamins, minerals, protein, and fiber, are frequently used in the process of oil extraction. The nutrient-rich pulp left after oil is extracted from oilseeds gets converted into oilcake or meals and is fed to dairy farm animals, enhancing the produce and quality of milk while simultaneously lessening feed requirements. To exemplify, a 2022 report stated that India's oilseeds production for MY 2022/23 is predicted to hit 42.1 million metric tons, marking a 1% surge. Concurrently, oil meal production is expected to climb by 2% to 20.7 million metric tons, with export projections indicating a rise by 13% to 3.7 MMT. As a result, the escalating utilization of oilseeds in animal fodder is fuelling the demand for the oilseed market.

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What Is the projected market size and growth rate for the oilseeds market?
In recent times, the oilseeds market has experienced significant expansion. The market, valued at $326.04 billion in 2024, is anticipated to increase to $357.49 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.6%. The historic period's growth is attributable to factors such as demand for edible oils, population increase, dietary changes, trade regulations, and shifts in consumer preference.

In the coming years, the market size for oilseeds is projected to witness robust growth. It's estimated to escalate to $519.39 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.8%. The projected growth during this period is credited to several factors, including biofuel production, health and wellness trends, worldwide economic patterns, the effects of climate change, enhanced health awareness, and an increase in biofuel development. During the forecast period, significant trends are expected to be the changes in technology and farming methods, the rise of plant-based movements, and the integration of technology.

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What new trends are reshaping the oilseeds market and its opportunities?
Technological advancement, such as Edible Oils-Oilseeds, is being prioritized by prominent firms in the oilseeds sector to enhance processing methods, produce healthier oil products, and accommodate increasing customer demands whilst also addressing environmental challenges. The National Mission Edible Oils-Oilseeds is championing efforts to increase local edible oils and oilseeds production, reduce reliance on imports, and improve farmer livelihoods via advanced farming techniques and processing technologies. As an example, in October 2024, the Indian Government initiated the National Mission on Edible Oils-Oilseeds (NMEO-Oilseeds) to increase domestic oilseed output and achieve self-reliance in edible oils. The immense utility of oilseeds in cooking, food processing, nutritional supplements, cosmetics, industrial uses, animal feed, and pharmaceuticals highlights their integral importance across various industries.

What major market segments define the scope and growth of the oilseeds market?
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

Subsegments:
1) By Copra: Copra Meal, Copra Oil, Desiccated Coconut
2) By Cottonseed: Cottonseed Oil, Cottonseed Cake, Cottonseed Meal
3) By Palm Kernel: Palm Kernel Oil, Palm Kernel Cake
4) By Peanut: Peanut Oil, Peanut Meal, Blanched Peanuts
5) By Rapeseed: Rapeseed Oil, Rapeseed Meal
6) By Soybean: Soybean Oil, Soybean Meal, Whole Soybeans
7) By Sunflower Seed: Sunflower Oil, Sunflower Meal, Sunflower Seeds
8) By Other Oilseed Types: Safflower Seed, Flaxseed, Hemp Seed, Sesame Seed

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Which region dominates the oilseeds market?
North America was the largest region in the oilseeds market in 2024.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

Which key market leaders are driving the oilseeds industry growth?
Major companies operating in the oilseeds market include 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, Land O'Lakes Inc., Nuziveedu Seeds Limited, Ostro Organics Inc., Wilmar International Limited, Cootamundra Oilseeds Pty Ltd., Soni Soya Products Limited, 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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What Is Covered In The Oilseeds Global Market Report?

•Market Size Forecast: Examine the oilseeds market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the oilseeds market for a structured understanding.
•Key Players Overview: Analyze major players in the oilseeds market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the oilseeds market.
•Segment Contributions: Evaluate how different segments drive overall growth in the oilseeds market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the oilseeds market.
•Industry Challenges: Identify potential risks and obstacles affecting the oilseeds market.
•Competitive Landscape: Review strategic developments in the oilseeds market, including expansions, agreements, and new product launches."

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