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Oilseed Market - Size, Share & Outlook | Latest Advancements

Oilseed Market Global Industry Analysis and Forecast (2024-2032) by Oilseed Type (Copra, Cottonseed, Palm Kernel, Peanut, Rapeseed, Soybean and Sunflower Seed), Product (Animal Feed and Edible Oil), Breeding Type (Genetically Modified and Conventional), Biotech Trait (Herbicide Tolerant, Insecticide Resistant and Other Stacked Trait), and Region

  • Report ID : 14126
  • Category : Food and Beverages
  • Format :Excel formatPDF formatWord format
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Oilseed Market Synopsis

Oilseed Market Size Was Valued at USD 309.6 Billion in 2023, and is Projected to Reach USD 501.3 Billion by 2032, Growing at a CAGR of 5.5% From 2024-2032.

Oilseeds are the product of these plants which are cultivated to produce cooking oils for our daily use, processing food for manufacturing, and the industry. Oil seeds include soybeans, sunflower seeds, canola (rapeseed), cotton seeds, sesame seeds, groundnuts, and such. The seeds contain a lot of oil which you can recover either by a mechanical or a chemical project. High oleic vegetable oils extracted from oilseeds give many nutrients and their products are employed in many food categories as biodiesel, cosmetics and industrial lubricant.

The productivity of oilseeds depends on that rainfall or sunshine to give its anticipated levels of productivity into food supply in the future. Sunflower, palm and other seeds are used to produce any number of consumable and non-consumable oils. They are what contain glutamates, fat-soluble antioxidants, phospholipids, phytonutrients, potassium, protein, magnesium, calcium, vitamin E, K, and so on, and used in animal feed, pharmaceuticals, biofuels, wholesome oils, and other oleochemical industries.

Copra, cottonseed, palm kernel, peanut, rapeseed, soybean, and sunflower seeds are major sources of oil that is produced from these edible products. The raw material for animal feed is oil, whereas oil is the key accessory of human food. Oil from oilseeds is turned into edible oils, which are in turn used to produce biodiesel.

Developing state interventions are a crucial factor in the advancement of oilseeds market sector. Other nations are encouraging oilseeds which are used to replace and also the prices of expensive vegetable oil markets are being cut.

Increased market reach and acceptance as well as a significant rise on GM oilseeds should improve the oilseeds industry. The bio-instruction of commercial oilseed farmers consequently employs biotech characteristics to breed the soybean, cottonseed, rapeseed, and others crops with higher productivity. Through production of GM seeds that act as effective biotic stress managers in agriculture reducing unnecessary input costs at the same time helping avoid unnecessary crop pest and disease control, agricultural biotechnology aids in farm economics improvement. Biotech features of herbicide tolerance and insect resistance have entered the market, such crops are protected and the replacement of seeds is reduced while the valued oilseeds are maintained.

Oilseed Oilseed Market Trend Analysis

Growing oilseed use in animal feed

  • Higher proportions of oil seeds in animal feedings can render greater input. Among oilseeds fatty acids are prevailing components, also oil, minerals, protein, vitamins, and dietary fiber are used for oil extraction. With oil extraction from oilseeds done, nutrients from pulp then become meals or oilcake used in dairy farms for quality of milk, reducing feed requirements. In 2021, the USDA revealed that there were 18 farm workers injured or killed while operating on or around farm machinery. 30 000 grams of oil meal production. The grain crushing makes about 70-80% of oilseeds India's use. For supplied to farm animals, meal is used.

Increasing oilseed demand for multiple uses

  • While oil seeds are well liked for their numerous uses such as cooking and frying, they are often considered commonplace. Sunflower oil, used as a moisturiser in cosmetics, is one of the ingredients. Second in the hierarchy of Indian agricultural export after food grains is oil seeds. Our consumers may pick vegetable oil from over animal fat by their desire to keep their health. Alongside the Linseed Oil that is identified as a vegetable oil is employed as a varnish purpose, paste and lubricants. With this, we may anticipate that the increasing consumption of oilseeds for various uses such as, edible oil, feed and other fallouts will be the main cause of market growth

Oilseed Market Segment Analysis:

Oilseed Market is segmented based on oilseed type, product, breeding type and biotech trait.

By oilseed type, soybean segment is expected to dominate the market during the forecast period

  • One of the primary factors which positively impact global soybean production include an increase in animal feed demand and consumption of meat by emerging economies, especially countries like China, Brazil, India, Korea, and so on. Therefore, production output in this case soybean it is very likely to advance further. Furthermore, the high demand for biosynthesis, which is based oni soybean-based vegetable oil also be expected to increase soybeans production and oilseeds market growth.

By biotech trait, herbicide tolerant segment held the largest share in 2023

  • Herbicide-tolerant oil crops or those vegetables can have multiple herbicides property that will kill weeds. Herbicide-tolerant crops allow farmers to employ herbicides when there is a population boom in a particular weed, destroying the weed and enhancing crop safety. Such amount of R&D investments are being done to produce according to the needs, which for example, include new herbicide-tolerant seeds and crops, and they are being meant for usage worldwide. Above factors are very likely to make market of herbicide-tolerant oilseeds to be capitalized.

Oilseed Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

  • Oilseeds market in terms of overall share and sales revenue in North America is anticipated to be the strongest one considering development of the edible oil market and more substantial research and development activities.
  • By the particulars that follows, North America would secure the pole position of the oilseeds industry in terms of revenue and market share. There is a local level of growth in the regional economy, which is due to the rising consumption of cooking oil because of changing diets and widespread use of oil-based products in industrial processing and kitchen work.
  • Advancement in research and development leading to high-yielding oilseed varieties and protein diversification is mainly targeted on increasing crop yield and quality. The recent North America's relevant strengths, such an outstanding agricultural infrastructure and some outstanding achievements in technology, make the North American continent the biggest player in the oilseeds industry on the global market, with further expansion predicted.

Active Key Players in the Oilseed Market

  • Cargill, Incorporated (U.S.)
  • Dow (U.S.)
  • BASF SE (Germany)
  • Chr. Hansen Holding A/S (Denmark)
  • DSM (Netherlands)
  • DuPont (U.S.)
  • Evonik Industries AG (Germany)
  • NOVUS INTERNATIONAL (U.S.)
  • Alltech (Nicholasville)
  • Associated British Foods plc (U.K.)
  • Charoen Pokphand Foods PCL (Thailand)
  • Nutreco (Netherlands)
  • ForFarmers. (Netherlands)
  • De Heus Animal Nutrition (Netherlands)
  • Land O'Lakes (U.S.)
  • Kent Nutrition Group (U.S.)
  • J. D. HEISKELL & CO. (U.S.)
  • Perdue Farms (U.S.)
  • SunOpta (Canada)
  • Scratch Peck Feeds (U.S.)
  • De Heus Animal Nutrition (Netherlands)
  • MEGAMIX (Russia)
  • Agrofeed (Hungary)
  • Other Key Players

Key Industry Developments in the Oilseed Market:

Indian agrochemical company Crystal Crop Protection Limited bought Bayer AG's seeds business in December 2021 for an unknown value. This purchase includes mustard, pearl millet, cotton, and grain sorghum hybrid seeds. Crystal Crop hopes to become a major seed company with this acquisition. Furthermore, the acquisition would boost its integrated Agri-Input business and field crop seed business.

Global Oilseed Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 309.6 Bn.

Forecast Period 2024-32 CAGR:

5.5%

Market Size in 2032:

USD 501.3 Bn.

Segments Covered:

By Oilseed Type
  • Copra
  • Cottonseed
  • Palm Kernel
  • Peanut
  • Rapeseed
  • Soybean
  • Sunflower Seed

By Product
  • Animal Feed
  • Edible Oil

By Breeding Type
  • Genetically Modified
  • Conventional

By Biotech Trait
  • Herbicide Tolerant
  • Insecticide Resistant
  • Other Stacked Trait

By Region
  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:
  • Increasing health consciousness among consumers

Key Market Restraints:
  • Decreasing planting volume limits market growth

Key Opportunities:
  • Rising government efforts to boost oilseed production

Companies Covered in the report:
  • Dow (U.S.), BASF SE (Germany), Chr. Hansen Holding A/S (Denmark), DSM (Netherlands), DuPont (U.S.), Evonik Industries AG (Germany), NOVUS INTERNATIONAL (U.S.), Alltech (Nicholasville), Associated British Foods plc (U.K.), and Other Major Players.

Frequently Asked Questions :

What would be the forecast period in the Oilseed Market research report?
The forecast period in the Oilseed Market research report is 2024-2032.
Who are the key players in the Oilseed Market?
Dow (U.S.), BASF SE (Germany), Chr. Hansen Holding A/S (Denmark), DSM (Netherlands), DuPont (U.S.), Evonik Industries AG (Germany), NOVUS INTERNATIONAL (U.S.), Alltech (Nicholasville), Associated British Foods plc (U.K.), and Other Major Players.
What are the segments of the Oilseed Market?
The Oilseed Market is segmented into oilseed types, product, breeding type, biotech trait, and region. By oilseed type, the market is categorized into copra, cottonseed, palm kernel, peanut, rapeseed, soybean and sunflower seed. By product, the market is categorized into animal feed and edible oil. By breeding type, the market is categorized into genetically modified and conventional. By biotech trait, the market is categorized into herbicide tolerant, insecticide resistant and other stacked trait. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the Oilseed Market?
Oil crops including canola, sunflower, soybean, and cotton require oilseeds. These oil crops' seeds, nuts, and fruits are eaten or crushed to extract oil for biofuel, oleo chemicals, food, and other sectors. Due to rising demand for oilseed extracts, farmers are spending more in high-quality oilseed crops.
How big is the Oilseed Market?
Oilseed Market Size Was Valued at USD 309.6 Billion in 2023, and is Projected to Reach USD 501.3 Billion by 2032, Growing at a CAGR of 5.5% From 2024-2032.
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