Global Oilseed and Pulses Market – Industry Trends and Forecast to 2029

Global Oilseed and Pulses Market, By Oilseed Type (Peanut, Soybean, Sunflower Seed, Cottonseed, Copra, Palm Kernel and Rapeseed), Pulse Type (Chickpeas, Kaspa Peas, Lentils, Pigeon Peas, Fava Beans, Black Gram, Mung Beans, Others) End User (Home Use, Snack Food Industry, Flour Industry, Others) – Industry Trends and Forecast to 2029.

Oilseed and Pulses Market Analysis and Size

Oilseed and pulses markets are considered to be fast growing crop segments of the agriculture market, owing to rising food demand and population growth. Farmers are adapting biotech-enhanced traits in seeds to boost yield more efficiently and effectively in response to end-user demands for healthy and affordable food products.

Data Bridge Market Research analyses that oilseed and pulses market was valued at USD 3.55 billion in 2021 and is expected to reach the value of USD 5.71 billion by 2029, at a CAGR of 6.11 % during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

Canola, pennycress, sunflower, and soybean seeds are examples of oilseeds. Oilseed crops are grown primarily for edible oil and have gained popularity as demand for healthy vegetable oils, livestock feeds, biofuels, pharmaceuticals, and other chemical industrial uses has increased. Pulse is an essential component of many people's diets around the world. They have other nutritional benefits in addition to being a high protein source. Because of their high levels of vitamins, minerals, dietary fibre, phytochemicals, and complex carbohydrates, they are considered a superfood.

Global Oilseed and Pulses Market Dynamics

Drivers

• Growing profile expansion of ready-to-eat (RTE) foods

Oilseeds and pulses are increasingly being used in the manufacture of ready-to-eat (RTE) foods. Healthy snack foods are becoming popular among the working population as a result of rapid urbanisation, changing lifestyles, and hectic work schedules. As the world's population grows, the gap between supply and demand for pulses grows wider. To reduce this disparity, governments in oilseeds and pulse producing countries are providing assistance to farmers, thereby strengthening market growth.

• Adoption of biotechnology-enhanced traits for crop development

According to a recent global market trend, farmers are adapting biotechnology-enhanced traits for crop development. Biotechnologically enhanced seeds have the potential to increase return on investment while also meeting consumer demand for healthier agricultural products. Growing consumer awareness of the benefits of eating oilseeds and rising demand for protein-rich products are also important factors driving market growth.

Opportunity

The increased emphasis on precision nutrition may provide an opportunity to accelerate market growth. Oilseed and pulses market growth may be boosted by investments and funds made by government authorities and organisations in the agriculture sector.

Restraints

Stringent government rules and regulations are likely to act as a market restraint factor for the growth of oilseeds and pulses during the forecasted timeframe. Imposition of regulations on genetically modified seeds will be the most significant and immediate challenge to market growth.

This oilseed and pulses market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the oilseed and pulses market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact Oilseed and Pulses Market

The outbreak of COVID-19 and the measures taken to control the pandemic are crippling the agricultural sector around the world. As seeds are the starting point for agricultural production, seed delivery is one of the essential services that must continue to operate during times of crisis, such as the COVID-19 pandemic. However, issues related to seed transportation, either domestically or internationally, are causing specific problems for the seed sector due to a reduced number of flights, a low number of drivers, and a slow process of the necessary documentation due to a lower number of staff.

Due to the COVID-19 pandemic, there has been a delay in the supply of seeds to farmers, which is a major pain point because seed production is dependent on allied sectors such as labour, transportation, and packaging have been impacted by the lockdown. COVID-19's impact on agriculture and agri-allied sectors remains dormant, particularly with small farmers' inability to move their products from farms to semi-urban and urban markets and to source agricultural quality inputs in some regions around the world. Immediate action is required to improve farmers' access to seeds and other agricultural inputs, COVID-19 disruptions may result in a decrease in agricultural production and acreage due to a lack of required quality and quantity.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Oilseed and Pulses Market Scope

Oilseed and pulses market is segmented on the basis of oilseed type, pulse type and end users. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Oilseed Type

• Peanut
• Soybean
• Sunflower Seed
• Cottonseed
• Copra
• Palm Kernel
• Rapeseed

Pulse type

• Chickpeas
• Kaspa Peas
• Lentils
• Pigeon Peas
• Fava Beans
• Black Gram
• Mung Beans
• Others

End user

• Home Use
• Snack Food Industry
• Flour Industry
• Others

Oilseed and Pulses Market Regional Analysis/Insights

Oilseed and pulses market is analysed and market size insights and trends are provided by country, oilseed type, pulse type and end users as referenced above.

The countries covered in the oilseed and pulses market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The United States dominates the North American oilseed and pulses market due to the growth of the agriculture industry and the prevalence of major grain-producing companies.

China is expected to grow at the fastest rate in the Asia-Pacific oilseed and pulses market due to the region's growing number of technological advancements.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Oilseed and Pulses Market Share Analysis

Oilseed and pulses market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to oilseed and pulses market.

Some of the major players operating in oilseed and pulses market are:

• 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 (U.S.)
• 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)