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Top Market Shifts Transforming the Oilseeds Market Landscape: Key Insights
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Oilseeds Market Through 2025?
The growth of the oilseeds market has been robust in the past few years. A rise from $326.04 billion in 2024 to $351.44 billion in 2025, representing a compound annual growth rate (CAGR) of 7.8%, is predicted. This surge during the historical period is attributable to the increasing demand for edible oils, population growth, dietary shifts, trade policies, and consumer tastes.
What's the Projected Size of the Global Oilseeds Market by 2029?
The oilseeds industry is predicted to experience robust expansion in the coming years, with the market expected to reach a value of $485.3 billion by 2029, expanding at a Compound Annual Growth Rate (CAGR) of 8.4%. The primary drivers slated to fuel this growth during the projected period include the surge in biofuel production, increasing health and wellness trends, shifts in the global economy, impact of climate change, growing health awareness, and wide-scale biofuel development. Moreover, the forecasted period will also witness some significant trends like the implementation of new technology and farming practices, the wave of plant-based diets and the integration of advanced technology.
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Top Growth Drivers in the Oilseeds Industry: What's Accelerating the Market?
The oilseed market is predicted to expand, driven by its increasing use in animal feed. Rich in oil, fatty acids, vitamins, minerals, protein, and fibre, oilseeds are widely used in oil extraction. After the oil has been extracted from the oilseeds, the remaining nutrient-filled pulp is converted into oilcake or meals and given to dairy livestock, enhancing milk production and quality while simultaneously reducing their feed needs. For example, a 2022 report predicted that India's oilseeds production for MY 2022/23 will reach 42.1 million metric tons, an increase of 1%. Oil meal production is anticipated to rise by 2% to 20.7 million metric tons, and exports are projected to increase by 13% to 3.7 MMT. Consequently, the oilseed market's growth is driven by their escalating use in animal feed.
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Which Fast-Growing Trends Are Poised to Disrupt the Oilseeds Market?
Leading businesses involved in the oilseeds market are concentrating on cultivating technological advancements such as Edible Oils-Oilseeds. This is in an effort to improve processing techniques and establish healthy oil products, in response to increasing consumer demand and environmental issues. The National Mission Edible Oils-Oilseeds is targeted at escalating local edible oils and oilseeds production, curtailing import reliance, and uplifting farmer's living standards via enhanced farming methods and processing technologies. For instance, the Indian Government launched the National Mission on Edible Oils-Oilseeds (NMEO-Oilseeds) in October 2024, with the objective of amplifying domestic oilseed production and accomplishing self-reliance in edible oils. Edible oils extracted from oilseeds have widespread use in cooking, food processing, nutritional supplements, cosmetics, industrial applications, animal feed, and pharmaceuticals, emphasizing their vital function in numerous sectors.
What Are the Main Segments in 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 Top Companies are Driving Growth 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., bun*ge 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 Will Dominate the Oilseeds Market Through 2029?
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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