The Global Oilseeds Market was valued at US$ 220.6 billion in 2022 and is expected to reach US$ 340.5 billion by 2030, exhibiting a CAGR of 5.6% during the forecast period (2023-2030).
The oilseeds market plays a pivotal role in the global agriculture and food industry, encompassing a diverse range of crops that yield valuable oils and proteins. With changing consumer preferences, population growth, and advancements in agricultural technology, the oilseeds market is poised to shape the future of food, nutrition, and various industries, making it a dynamic and essential sector in the global economy.
Key players operating in the global oilseeds market include Cargill, Archer Daniels Midland, Buhler Group, Bunge Limited, Wilmar International, Loius Dreyfus Company, AGT Food and Ingredients, CHS Inc, Cootamundra Oilseeds, and Oilseeds International.
Key Developments in the Oilseeds Market
In July 2022, Corteva Agriscience, BASF and MS Technologies signed Agreement to develop next-generation Enlist E3 soybeans with the nematode-resistant soybean trait for farmers in the United States and Canada.
In April 2023, Bunge launched the Bunge 100% Natural Peanut Butter. The Bunge 100% Natural Peanut Butter is a new line of peanut butter that is made with only peanuts and salt.
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Report Metrics |
Details |
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CAGR |
5.6% |
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Forecast Period |
2023-2030 |
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Data Availability |
Value (USD) |
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Segments Covered |
By Product Type, By Category, By Application, and By Region |
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Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
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Fastest Growing Region |
Asia-Pacific |
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Largest Region |
North America |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other Key insights. |
To get more insights into the Global Oilseeds Market Report: https://www.datamintelligence.com/download-sample/oilseeds-market
Oilseeds Market Overview
Oilseeds are a crucial group of agricultural crops that play a vital role in global food production, nutrition, and industrial applications. These seeds are rich in oils and fats, making them valuable sources of edible oils, protein-rich meal, and various byproducts.
Common oilseeds include soybeans, sunflower seeds, canola (rapeseed), cottonseeds, groundnuts (peanuts), and palm kernels, among others. The oil extracted from these seeds is used for cooking, food processing, and as a key ingredient in various food products.
Oilseeds Market Opportunities
The oilseeds market presents significant growth opportunities driven by various factors. One of the key drivers is the increasing demand for edible oils and protein-rich meal, fueled by a growing global population and changing dietary preferences. As consumers become more health-conscious and seek healthier cooking alternatives, the demand for vegetable oils derived from oilseeds is rising.
Oilseeds Market Dynamics
The growth of the oilseeds market is being propelled by two major factors: the increasing application of oilseeds and the availability of genetically-modified (GM) oilseeds.
The expanding application of oilseeds across various industries is contributing to market growth. Edible oils extracted from oilseeds are fundamental ingredients in cooking, food processing, and a wide range of food products. Oilseeds serve as a primary source of vegetable proteins used in livestock feed, supporting the growth of the livestock and aquaculture industries. Moreover, the utilization of oilseed byproducts in industries like cosmetics, pharmaceuticals, and biofuels underscores the versatility and significance of oilseeds in today’s global economy.
The availability of genetically-modified oilseeds is playing a pivotal role in driving market growth. Genetic modification allows for the development of oilseed crops with enhanced traits such as increased yield, pest resistance, and improved oil content. These modified varieties address challenges posed by factors like changing climatic conditions and growing demand.
Global Oilseeds Market Geographical Insights
North America holds a dominant position in the oilseeds market and accounted for a market share of 38.6%. This is owing to the rising demand for oilseeds in the region. The increasing disposable income and the expansion of food processing industries are other factors driving the market growth in this region.
Table of Contents
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1 |
Report Methodology and Scope |
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2 |
Report Definition and Overview |
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3 |
Executive Summary |
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4 |
Market Dynamics |
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5 |
Industry Factors |
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6 |
COVID-19 Analysis |
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7 |
Oilseeds Market Segments and Region |
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8 |
Global Company Share Analysis – 10 Key Companies |
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9 |
Oilseeds Market Company and Product Profiles |
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10 |
About DataM |
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