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Growing Utilization Of Oilseeds In Animal Feed Drives Demand For The Oilseed Market: Transformative Forces Shaping the Oilseeds Market Landscape in 2025
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.What Will the Oilseeds Industry Market Size Be by 2025?
In recent times, the oilseeds market has seen significant expansion. It is projected to increase from $326.04 billion in 2024 to $357.49 billion in 2025, with a compound annual growth rate (CAGR) of 9.6%. The upward trend in the historical period can be tied to the demand for edible oils, population increase, evolved dietary habits, trade regulations, and preference changes among consumers.
What's the Long-Term Growth Forecast for the Oilseeds Market Size Through 2029?
In the ensuing years, the oilseeds market is anticipated to witness significant expansion. By 2029, it is projected to reach $519.39 billion at a compound annual growth rate (CAGR) of 9.8%. The surge during the forecast period can be attributed to biofuel production, health and wellness trends, global economic factors, the impact of climate change, and an increase in health consciousness and biofuel enhancement. Key trends in the forecast period involve technology and agricultural practices, the plant-based movement, and the incorporation of technology.
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What Are the Key Growth Drivers Fueling the Oilseeds Market Expansion?
The anticipated expansion of the oilseed market can be attributed to the increasing utilization of oilseeds in animal feed. Various beneficial components such as oil, fatty acids, vitamins, minerals, protein, and fiber are found abundantly in oilseeds and are often exploited in oil extraction processes. Post oil extraction, the nutrient-rich leftover is turned into oilcake or meals and served to dairy livestock, enhancing the quantity and quality of milk and simultaneously minimizing feed requirements. For example, a 2022 report stated that India's oilseed production for MY 2022/23 is predicted to hit 42.1 million metric tons--a 1% hike, and oil meal production is estimated to increase 2% to 20.7 million metric tons with export projections escalating to 13% at 3.7 MMT. Hence, the escalating use of oilseeds for animal feed is fuelling the demand for the oilseed market.
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What Are the Key Trends Driving Oilseeds Market Growth?
Major players in the oilseeds industry are focusing on technological advancements such as Edible Oils-Oilseeds. They aim to improve processing methods and develop healthier oil products to meet the growing demand and address environmental issues. The National Mission Edible Oils-Oilseeds intends to increase local production of edible oils and oilseeds, decrease import dependency, and enhance the livelihoods of farmers through superior cultivation practices and processing technologies. For instance, in October 2024, the Indian Government launched the National Mission on Edible Oils-Oilseeds (NMEO-Oilseeds) to boost domestic oilseed production and achieve self-reliance in edible oils. Edible oils obtained from oilseeds are extensively used in cooking, food processing, nutritional supplements, cosmetics, industrial applications, animal feed, and pharmaceuticals, underlining their crucial role in various sectors.
How Is the Oilseeds Market Segmented?
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 Companies Are Leading the Charge in Oilseeds Market Innovation?
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
Which Regions Are Leading the Global Oilseeds Market in Revenue?
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
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