Press release
Oilseeds Market Size Projected To Reach $519.39 Billion By 2034 With A Cagr Of 9.8%
The Oilseeds Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Projected Growth of the Oilseeds Market?
The size of the oilseeds market has seen significant growth in the past few years. The market, which was valued at $326.04 billion in 2024, is projected to reach $357.49 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.6%. This substantial growth in the past can be traced back to factors such as increasing demand for edible oils, population surge, shifts in habits, alterations in trade policies, and changing consumer tastes.
Expectations are high for robust growth in the oilseeds market over the coming years, with forecasts predicting a surge to $519.39 billion by 2029, indicating a compound annual growth rate (CAGR) of 9.8%. The factors contributing to this predicted expansion during the forecast period include the increase in biofuel production, rising health and wellness trends, global economic trends, the impacts of climate change, heightened health consciousness, and the growth of the biofuel sector. Technology and farming practices, the movement towards plant-based diets, and the integration of technology are predicted to be the major trends during the forecast period.
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What Are the Different Oilseeds Market 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
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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What Are the Primary Drivers Shaping the Oilseeds Market?
The increasing incorporation of oilseeds in the diet of livestock is anticipated to fuel the expansion of the oilseed market. Oilseeds, abundant in oil, fatty acids, vitamins, minerals, protein, and fiber, are frequently used in oil extraction. The nutritious pulp remaining after oil is extracted from oilseeds is converted into oilcake or meals, which is served to dairy animals to enhance the volume and quality of milk and to decrease feed needs. For instance, as per a 2022 report, India's oilseed production for the marketing year 2022/23 is predicted to hit 42.1 million metric tons, marking a 1% increase; oil meal production is expected to surge by 2% to 20.7 million metric tons and exports are predicted to increase by 13% to 3.7 MMT. Consequently, the escalating use of oilseeds in animal feed is catalyzing the demand for the oilseed market.
Which Companies Are Leading in the Oilseeds Market?
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
What Are the Major Trends Shaping the Oilseeds Market?
Major firms in the oilseeds industry are emphasizing the development of technology advancements like Edible Oils-Oilseeds to improve processing methodologies and generate healthier oil commodities. This is to cater to burgeoning consumer needs and mitigate environmental issues. National Mission Edible Oils-Oilseeds targets enhanced domestic production of edible oils and oilseeds, decrease reliance on imports, and improve farmer income with better farming practices and modern processing technologies. For instance, the Indian government initiated the National Mission on Edible Oils-Oilseeds (NMEO-Oilseeds) in October 2024 with the goal of increasing domestic oilseed production and achieving self-reliance in edible oils. Oilseeds' derivative edible oils have found wide usage in cooking, food processing, nutritional s, cosmetics, industrial applications, animal feed, and pharmaceuticals, underlining their integral part in various industries.
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What Are the Top Revenue-Generating Geographies in 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Oilseeds Market?
2. What is the CAGR expected in the Oilseeds Market?
3. What Are the Key Innovations Transforming the Oilseeds Industry?
4. Which Region Is Leading the Oilseeds Market?
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