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Oilseeds Market (Type - Soybean, Sunflower, Cottonseed, Palm Kernel, Groundnut, Rapeseed, Copra, and Others Include Safflower, Linseed/flaxseed, and Grapeseed; Category - Conventional, and Genetically Modified; Application - Oilseed Meal, and Vegetable Oils): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : March, 2022

  • Rep Id : FB0359

  • Category : Food & Beverages

  • Status : Published

A recent report published by Infinium Global Research on the oilseeds market provides in-depth analysis of segments and sub-segments in the global as well as regional oilseeds market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional oilseeds market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global oilseeds market. According to the report, the global oilseeds market is projected to grow at a CAGR of 4.67% over the forecast period of 2021-2027.


Market Insight

The oilseeds market was valued at USD 254 billion in 2021 and is expected to reach USD 334 billion in 2027, with a CAGR of 4.67% during the forecast period. Oilseeds are the seeds utilized to cultivate oil crops like sunflower, soybean, canola, and cotton. The seeds, fruits, or nuts of those oil crops are either consumed directly as food or crushed to extract oil for the food, biofuel, oleochemicals, and other industries. Because of the continual increase in demand for oilseed extracts, farmers are investing in the production of oil crops with high-quality oilseeds. Oilseeds are seeds that are cultivated to extract edible oil for human use. Oilseed crops are the first source of omega 3 carboxylic acid DHA and EPA that has various health benefits. In oilseeds, Erucic acid may be a present contaminant that has oilseed rape and mustard. Sunflower (sunflower), soybeans, rapeseed, etc. are considered key oilseed crops. Oilseeds furthermore as legumes are important dietary constituents to cut back chronic disease because of the presence of important dietary macro-micro nutrients.


Rising consumption of soyabean oil among the population has evolved within the demand for oilseeds which is driving the expansion of the market. Vegetable oil is taken into account the world’s widely produced and widely consumed oil. As per the US Department of Agriculture, soybean production is projected to extend from 23 million tons to 386 million tons in 2021 which is rising the demand for vegetable oil among the population. Moreover, the consumption of soyabean oil increased among the health-conscious populations due to its low cholesterol properties manufacturers is focusing on developing oil which sprang the demand for oilseeds. Increasing demand for oil within the food industry driving the expansion of the worldwide oilseeds market. Within the food sector, the demand for oil is growing thanks to the consumption of oil in daily lifestyles. Moreover, an outsized number of the population is using edible oil for cooking and a spread of food products are cooked with the assistance of edible oil. This factor encourages manufacturers to provide a range of edible oils that enhance the expansion within the food industry. Increasing Prices of Oilseeds are challenging the expansion of the market. In 2020, the costs of soy oil and vegetable oil increased quite 50% mainly thanks to less cultivation during nationwide lockdowns. In India, the retail prices of oilseeds have gone up by Rs 10-15 per kg in mid-2020. Thus, it's set to hinder the expansion of the market during the forecast period.


North America holds the biggest market share of 34% of the oilseeds market during the forecast period. This is because of the rise within the use of edible oils in regular cooking escalating the cultivation of oilseeds. Moreover, the cultivation of soybean within the U.S. had increased, hence growing the consumption of vegetable oil further escalates the market growth. The U. S. is the world's leading soybean producer and therefore the second-leading exporter. Soybeans comprise about 90% of U.S. oilseed production thus driving the expansion of the oilseeds market. However, Asia Pacific is projected to be the fastest-growing market during the forecast period because of increasing growth within the food processing industry and rising production of soybean. India is taken into account because of the 4th largest oilseed production and approximately 39.46 million heaps of oilseeds are produced annually. Moreover, Soybean is the most vital crop grown in India accounting for over 95% of total production which increases the utilization of vegetable oil and thus boosts the market growth.


Segment Covered

The report on global oilseeds market covers segments such as type, category, and application. On the basis of type, the sub-markets include soybean, sunflower, cottonseed, palm kernel, groundnut, rapeseed, copra, and others include safflower, linseed/flaxseed, and grapeseed. On the basis of category, the sub-markets include conventional and genetically modified. On the basis of application, the sub-markets include oilseed meal and vegetable oils.


Oilseeds Market

Companies Profiled:

The report provides profiles of the companies in the market such as Oilseeds International, Wilmar International, Cootamundra Oilseeds, Bora Agro Foods, Mountain States Oilseeds, Kanematsu Corporation, Louis Dreyfus Company, BASF SE, Bayer AG, and Mahyco Seeds Ltd.


Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the oilseeds market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.

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