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Oilseed Farming Industry Outlook 2025-2029: Market Set to Cross $761.85 Billion Milestone
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Oilseed Farming Market Size By 2025?
The market size for oilseed farming has witnessed robust growth in the past few years. The market, which was valued at $503.59 billion in 2024, is set to reach $552.9 billion in 2025, expanding at a compound annual growth rate (CAGR) of 9.8%. The historic surge in the market is due to the demand for edible oils, animal feed, biofuel production, industrial uses, as well as the growth of the global population.
How Big Is the Oilseed Farming Market Size Expected to Grow by 2029?
Anticipated to see significant growth in the upcoming years, the oilseed farming market is projected to expand to $761.85 billion by 2029 with a compound annual growth rate (CAGR) of 8.3%. Factors contributing to this predicted growth during the forecast period include health and wellness trends, expansion of biofuel, the rise of plant-based protein, growth of emerging markets caused by increasing incomes and evolving dietary patterns, and sustainable farming practices. Some leading trends observed during the forecast period are the increase in organic oilseeds, the application of precision agriculture, non-genetically modified oilseeds, the rise of local and small-scale manufacturing, and research and development initiatives.
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Which Key Market Drivers Powering Oilseed Farming Market Expansion and Growth?
The oilseed market's expansion is anticipated to be fueled by the surge in population growth. The population signifies the aggregate number of inhabitants in a certain geographic area or region at a specific time, which is a demographic metric utilized in sizing up a community, city, nation, or any designated area. Oilseeds yield edible oils, protein, and prospective biofuels to nourish its people, guaranteeing food safety and supplying adequate food to cater to the nutritional demands of the populace. For example, based on the statistics from the United States Department of Commerce, a US-centric executive department, the population of the US stood at 332,403,650 in 2022, marking an increase of 0.21% from 2021. Hence, the spike in population growth propels the progression of the oilseed market.
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What Trends Will Shape the Oilseed Farming Market Through 2029 and Beyond?
Precision agriculture, also commonly referred to as big data farming, is rapidly gaining popularity in numerous developed nations as a way to enhance the efficiency of oilseed production. This innovative method of farming involves gathering real-time data related to weather, soil, air quality, crop maturity, equipment, labour costs and availability. Using this data, farmers can then ascertain the precise quantity of water, seed, nutrients, and other necessary components required for cultivating various types of oilseeds in a variety of soil conditions, thus leading to improvements in both farm and crop yields.
What Are the Emerging Segments in the Oilseed Farming Market?
The oilseed farming market covered in this report is segmented -
1) By Type: Soybean Farming, Other Oilseed Farming
2) By Farming Process: Organic Oilseed Farming, Traditional Farming
3) By Application: Food Products, Feed, Industrial Products
Subsegments:
1) By Soybean Farming: Conventional Soybean Farming, Organic Soybean Farming
2) By Other Oilseed Farming: Sunflower Seed Farming, Rapeseed Farming (Including Canola), Cottonseed Farming, Peanut Farming, Flaxseed Farming, Sesame Seed Farming, Other Minor Oilseeds (Safflower, Poppy Seeds)
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Who Are the Global Leaders in the Oilseed Farming Market?
Major companies operating in the oilseed farming market include Bunge Limited, Bayer AG, Corteva Inc., UPL Limited, Grupo Amaggi, Seaboard Corporation, Batu Kawan Berhad, Nutrien Ltd, Jardine Matheson Holdings Limited, KWS Saat SE, Archer Daniels Midland Company, Cargill Incorporated, Monsanto Company, DuPont Pioneer, Syngenta AG, Dow AgroSciences LLC, Wilmar International Limited, Sime Darby Plantation, Agrium Inc., The Mosaic Company, United Oilseeds, TerraVia Holdings, PGG Wrightson Seeds Limited, Croda International Plc, Pacific Seeds, GrainCorp Limited, Advanta Seeds, Euralis Semences S.A.S., Golden Agri-Resources, Neem Biotech, DLF Seeds A/S, DSV A/S, Sakata Seed Corporation, Rallis India Limited, Mahyco Private Limited, Rijk Zwaan Zaadteelt en Zaadhandel B.V., East-West Seed.
Which are the Top Profitable Regional Markets for the Oilseed Farming Industry?
Asia-Pacific was the largest region in the oilseed farming market in 2024. Western Europe was the second-largest region in the oilseed farming market. The regions covered in the oilseed farming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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