Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium
Global Research on the oilseeds market provides an 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 the long term.
The report is a comprehensive presentation of trends, forecasts 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.
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 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.
The 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 U.S. 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.
The report on the 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.
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.
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 forecasts 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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