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Top Market Shifts Transforming the Oilseed And Grain Seed Market Landscape: Key Insights
Oilseed And Grain Seed
What Is the Expected CAGR for the Oilseed And Grain Seed Market Through 2025?
The market size for oilseed and grain seed has experienced significant expansion in the past few years. It's anticipated to increase from a projected worth of $120.31 billion in 2024 to $138.14 billion in 2025, with a compound annual growth rate (CAGR) of 14.8%. Driving this historical growth have been factors like global population increase, government interventions and backing, a shift in food consumption habits, globalization of the food export and import industry, changes in climate and weather, and investment in agricultural infrastructure.
What's the Projected Size of the Global Oilseed And Grain Seed Market by 2029?
A brisk expansion in the oilseed and grain seed market is anticipated in the forthcoming years with its size predicted to escalate to "$224.69 billion in 2029 at a compound annual growth rate (CAGR) of 12.9%. The surge within this forecast interval is ascribed to the rise in demand for functional and specialty grains, emphasis on crop resilience and adaptation, the creation of high-oleic varieties, escalated use of precision agriculture, and customer knowledge on nutritional advantages. Key trends expected within this period encapsulate the incorporation of digital farming methods, seed treatment innovations, adoption of genetically modified (GM) seeds, biological seed interventions, traceability, and quality control.
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Top Growth Drivers in the Oilseed And Grain Seed Industry: What's Accelerating the Market?
The surge in food requirements is anticipated to stimulate the expansion of the oilseed and grain seed market in the future. Food can be interpreted as materials that furnish protein, carbohydrate, fat, and other essential nutrients needed for an organism's growth. Oilseeds and grain seeds are significant cereals that not only serve as food for human consumption, but also produce oil. For example, a report by the World Food Programme, a humanitarian organization based in Italy, revealed in July 2022 that a historic 349 million individuals globally were grappling with severe hunger, with 772,000 nearing famine conditions. Consequently, the escalating demand for food is fueling the growth of the oilseed and grain seed market.
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What Trends Will Shape the Oilseed And Grain Seed Market Through 2029 and Beyond?
Technological innovation is becoming a central theme in the oilseed and grain seed market. In September 2022, Switzerland-based Syngenta introduced the first satellite image-based tool to detect nematode infestations in soybean crops. This proprietary digital solution helps identify pest-prone areas and assess yield loss potential.
What Are the Main Segments in the Oilseed And Grain Seed Market?
The oilseed and grain seed market covered in this report is segmented -
1) By Type: Oilseed, Grain Seed
2) By Biotech Trait: Herbicides Tolerant, Insecticide Resistant, Other Stacked Trait
3) By Sales Channel Covered: After market, Manufacturer/Distributor/Service Provider
4) By Application: Feed, Food, Industrial, Agriculture Industry, Oil market
Subsegments:
1) By Oilseed: Soybean Seed, Sunflower Seed, Canola Seed, Cottonseed, Peanut Seed, Sesame Seed
2) By Grain Seed: Corn Seed, Wheat Seed, Barley Seed, Rice Seed, Oat Seed, Sorghum Seed
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Which Top Companies are Driving Growth in the Oilseed And Grain Seed Market?
Major companies operating in the oilseed and grain seed market include Gansu Dunhuang Seed Co. Ltd., Hefei Fengle Seed Co. Ltd., Krishidhan Seeds Pvt. Ltd., Mahyco Private Limited, The Monsanto Company, Nuziveedu Seeds Ltd., BASF SE, Burrus Seed Farms Inc., Rallis Ltd., Seed Co. Group, Cargill Incorporated, Stine Seed Company, KWS Saat AG, CHS Inc., Mountain States Oilseeds LLC, Bayer AG, Louis Dreyfus Company, Dow Inc., Archer Daniels Midland Company, Soni Soya Products Limited, Kanematsu Corporation, AGT Food and Ingredients, Land O'Lakes Inc., Groupe Limagrain, Oilseeds International Ltd., Wilmar International Ltd., Cootamundra Oilseeds Pty. Ltd., Bora Agro Foods Pvt. Ltd., ETG Agro Private Ltd., Pacific Seed Company
Which Regions Will Dominate the Oilseed And Grain Seed Market Through 2029?
North America was the largest region in the oilseed and grain seed market in 2024. The regions covered in the oilseed and grain seed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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