Global Oilseeds Market Trends Top Companies By By ( 2024 -2032 )
Global Oilseeds Market
Highlights
The
Oilseeds Market Size was valued at USD 243.542 billion by 2030, exhibiting a
compound annual growth rate (CAGR) of 4.20% during the forecast period (2023 -
2030). Oilseed crops are one of the important determinants of an agricultural
economy. Thus, emphasis is laid on the quality of oilseeds used to cultivate
oilseed crops. The extraction of harvested oilseed is used in various
industries such as food, oleochemicals, biofuel, and animal feed. The various
types of oilseeds include sunflower seed, soybean, canola seed, and cotton
seed.
The
global oilseeds market has been segmented
based on category, oilseed type, biotech trait, and region.
The
global Oilseeds Market has been segregated, by category, into conventional and
genetically modified. The conventional segment is expected to dominate the
global oilseeds market during the assessment period and is expected to register
the higher CAGR during the forecast period owing to the high production cost of
genetically modified seeds. However, to respond to the growing demand for oils,
farmers are gradually adopting seeds with biotech traits to improve the yield
effectively which is expected to lead to the growth of the genetically modified
segment in the future.
On
the basis of oilseed type, the global oilseeds market has been divided into
soybeans, sunflower seeds, cotton seeds, canola seeds, and others. The soybean
segment is expected to dominate the global oilseeds market and is projected to
have a substantial growth rate during the assessment period with yield
improvement in the US and expansion of soybean production area in Brazil,
China, and India. However, the sunflower oil segment is expected to exhibit the
highest CAGR during the forecast period due to the growing demand for sunflower
oil as a cooking oil in the escalating number of households.
The
global market for oilseeds has also been classified, by biotech trait, as
insecticide-resistant, herbicide-tolerant, and other stacked traits. The
herbicide-tolerant segment is expected to dominate the market. However, the
insecticide-resistant segment is expected to register the highest CAGR during
the forecast period.
Key Players
Some
of the key players in the global oilseeds market are BASF SE (Germany),
Monsanto Company (US), Groupe Limagrain Holding (France), Syngenta
(Switzerland), DuPont (US), Nuziveedu Seeds Ltd (India), Land O'Lakes, Inc.
(US), Cargill, Incorporated (US), Seed Co Limited (South Africa), and Mahyco
Seeds Company Limited (India)
Regional Analysis
On
the basis of region, the global oilseeds market has been segmented into North
America, Europe, Asia-Pacific, and RoW. North America is expected to dominate
the global oilseeds market with the US being the major contributor to the
growth of the market. Moreover, the growing adoption of genetically modified
seeds by US farmers is expected to fuel the growth of the North American market
during the review period. Asia-Pacific also held a significant share of the
global oilseeds market in 2022 and the regional market is expected to register
the highest CAGR during the forecast period. The growing demand for vegetable
oil and increasing demand for soymeal in the feed industry are driving the
growth of the oilseeds market in Asia-Pacific. Europe is also estimated to hold
a prominent share of the global oilseeds market. In the rest of the world,
Brazil is expected to hold the majority share of the oilseeds market.
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