Oilseed Market: Overview, Key Drivers, Competitive Landscape, Segmentation, and Regional Analysis (2023-2033)

According to a research report published by Spherical Insights & Consulting, the Global Oilseeds Market Size Expected to Grow from USD 294.26 Billion in 2023 to USD 488.62 Billion by 2033, at a CAGR of 5.20% during the forecast period 2023-2033.

Oilseeds are used in the production of oil crops such as cotton, soybeans, sunflower, and canola. These oil crops' seeds, nuts, or fruits are either consumed or crushed to extract oil for use in oleochemicals, food, biofuel, and other sectors. Oilseed yields and quality are rising due to advancements in agricultural technologies and practices, which are driving market expansion. The demand for oilseeds is also rising as an outcome of government policies that promote biofuels as a component of sustainable energy projects. The rise of the worldwide oilseeds market is being driven by the increasing use of oilseeds in industrial applications including coatings and lubricants, and also in animal feed and cosmetics. However, Reduced planting densities and a growing reliance on sophisticated plant biotechnology present challenges for the industry and could hinder widespread adoption.

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The soybean segment is expected to hold the largest share of the global oilseeds market during the anticipation timeframe.

Based on type, the global oilseeds market is categorized into soybean, rapeseed, sunflower, and cottonseed. Among these, the soybean segment is expected to hold the largest share of the global oilseeds market during the anticipation timeframe. There are many uses for soybeans in both the food and non-food sectors. Tofu, edible oils, soy milk, and other items are made from soybeans, which are an important source of plant-based protein. With a protein content of 35-40%, soybeans are a decent substitute for meat and dairy products.

The genetically modified segment is expected to grow at the fastest CAGR during the anticipation timeframe.

Based on the category, the global oilseeds market is categorized as conventional and genetically modified. Among these, the genetically modified segment is expected to grow at the fastest CAGR during the anticipation timeframe. One of the main objectives of genetic modification is to increase oilseed crop productivity. Higher per-acre yields are the outcome of improved resilience to pests, diseases, and herbicides along with increased tolerance to environmental factors like drought. Genetically engineered oilseed crops may also contain genes that provide insect resistance.

The vegetable oils segment is expected to hold the largest share of the global oilseeds market during the anticipation timeframe.

Based on application, the global oilseeds market is categorized as oilseed meal and vegetable oils. Among these, the smart segment is expected to hold the largest share of the global oilseeds market during the anticipation timeframe. The baking and confectionery industries have a strong demand for fats and oils, and their use in meat products, sauces, spreads, and dressings, and also in snacks and savoury goods, is growing. Furthermore, its growing use in the production of adhesives, antiknock additives, disinfectants, inks and paints, plastics and resins, glycerols, and fatty acids, vegetable oil is still in high demand in the industrial sector.

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North America is projected to hold the largest share of the global oilseeds market over the anticipation timeframe.

North America is projected to hold the largest share of the global oilseeds market over the anticipation timeframe. The area routinely produces high yields of important oilseed crops such as soybeans, canola, and sunflower thanks to its robust agricultural infrastructure, cutting-edge farming equipment, and significant R&D expertise. Additionally, the climate in North America is ideal for oilseed farming, guaranteeing steady production levels all year long.

Aisa-Pacific is expected to grow at the fastest CAGR growth of the global oilseeds market during the forecast period. The need for oilseeds in a range of uses is growing as a result of the region's fast industrialization and urbanization. In countries like China and India, government initiatives aim to reduce dependency on imports and increase domestic oilseed production.

Major vendors in the global oilseeds market are Archer Daniels Midland Company, BASF SE, Bayer AG, Burrus Seed Farms, Inc., Cargill Incorporated, Corteva Agriscience, Gansu Dunhuang Seed Industry Group Co., Ltd., KWS SAAT SE & Co., DuPont, Mahyco Seeds Ltd, Syngenta Crop Protection AG., Seed Co Limited, Others.

Key Target Audience

Market Players
Investors
End-users
Government Authorities
Consulting and Research Firm
Venture capitalists
Value-Added Resellers (VARs)

Recent Developments

In May 2022, in order to improve singulation planter performance, Syngenta Canada created the Pelta seed pelleting technology for canola, which is intended to increase seed size and uniformity.

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Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global oilseeds market based on the below-mentioned segments:

Global Oilseeds Market, By Type

Soybean
Rapeseed
Sunflower
Cottonseed

Global Oilseeds Market, By Category

Conventional
Genetically Modified

Global Oilseeds Market, By Application

Oilseed Meal
Vegetable Oils

Global Oilseeds Market, By Regional

North America
US
Canada
Mexico

Europe
Germany
UK
France
Italy
Spain
Russia
Rest of Europe

Asia Pacific
China
Japan
India
South Korea
Australia
Rest of Asia Pacific

South America
Brazil
Argentina
Rest of South America

Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of the Middle East & Africa

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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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