Global Oilseeds Market, By Biotech Trait (Insecticide-Resistant and Herbicide-Tolerant), Oilseed Type (Peanut, Soybean, Sunflower Seed, Cottonseed, Copra, Palm Kernel and Rapeseed), Type (Conventional and Genetically Modified), Application (Oilseed Meal and Vegetable Meal), Product (Edible Oil and Animal feed) – Industry Trends and Forecast to 2030
Oilseeds Market Dynamics Analysis and Size
Oildseed crop productivity is majorly dependent on climate and weather changes that need to meet the future food demand. These oilseeds are used to manufacture edible oil and many other oil used in numerous industries such as cosmetics, pharmaceuticals and others. They are rich in various phytochemicals such as flavonoids, tocopherols, tocotrienols, phenolic compounds, polyphenols, vitamins, protein, minerals, and fiber and are used in livestock feeds, medicines, biofuels, healthy vegetable oils and other oleochemical industrial purposes.
Data Bridge Market Research analyses that the oilseeds market was valued at USD 293.56 billion in 2022 and is expected to reach USD 450.52 billion by 2030, registering a CAGR of 5.50% during the forecast period of 2023 to 2030. 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.
Oilseeds Market Dynamics Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 - 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Biotech Trait (Insecticide-Resistant and Herbicide-Tolerant), Oilseed Type (Peanut, Soybean, Sunflower Seed, Cottonseed, Copra, Palm Kernel and Rapeseed), Type (Conventional and Genetically Modified), Application (Oilseed Meal and Vegetable Meal), Product (Edible Oil and Animal feed)
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Countries Covered
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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, Israel, Egypt, South Africa, 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
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Market Players Covered
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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 (Nicholasville), Associated British Foods plc (U.K.), Charoen Pokphand Foods PCL (Thailand), Cargill, Incorporated (U.S.), 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 and Peck Feeds (U.S.), De Heus Animal Nutrition (Netherlands), MEGAMIX (Russia), Agrofeed (Hungary)
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Market Opportunities
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Market Definition
Oilseeds are those seeds which is used to cultivate oil crops such as canola, sunflower, soybean and cotton. These oil crops' seeds, nuts or fruits are either consumed directly as food or crushed to extract oil for the biofuel, oleo chemicals, food and other industries. With the continuous rise in demand for oilseed extracts, farmers are investing more in producing oil crops with high-quality oilseeds.
Oilseeds Market Dynamics
Drivers
- Growing use of oilseeds in animal feed
The increasing use of oilseeds in animal feed is anticipated to drive the growth of the. Oilseeds are a rich source of fatty acids, oil, minerals, protein, vitamins and fibre, all of which are often used in the extraction of oil. After the extraction of oil from oilseeds, the nutrient-dense pulp is changed into meals or oilcake and fed to dairy farm animals to enhance the product and quality of milk while also dropping feed requirements. For instance, as per the report of U.S. Department of Agriculture (USDA), a US-based agriculture service organization, the entire oil meal production was about 18.5 metric tons in 2021. Around 70-80% of India’s total oilseed quantity is crushed for making meal, and the oil and meal derived are used commonly for animal feed on farms.
- Rising demand of oilseeds for various applications
Oilseeds are high in demand due to its several applications. Oilseeds such as sunflower is used as a type of moisturizer in cosmetic products. Oil seeds are the second-largest agricultural export after food grains in India. As people are taking preference over their health, they are selecting vegetable oil over the animal fat. Moreover, Linseed Oil is a different type of vegetable oil extensively used for varnishes, paints, and lubricants. Thus, the increasing demand for oilseeds for various applications is anticipated to drive the market's growth rate.
Opportunities
- Rising government initiatives to improve the production of oilseeds
Increasing government initiatives are a significant trend which is gaining popularity in the oilseeds market. Governments all over the globe are taking an initiatives to increase the manufacture of oilseeds and cut expensive vegetable oil imports. For instance, the government of India has launched a National Mission on Oilseeds and Oil Palm in August 2021. This strategy is to become self-sufficient in edible oil and upsurge local oilseed output. With the National Mission on Oilseeds and Palm Oil, the government will spend more than 110 billion rupees ($1.48 billion) to deliver farmers with everything they need, including better technology and seeds.
Restraints/ Challenges
- Issues associated with oilseeds market
The declining planting rate volume and the growing duration of new plant biotechnology traits will be expected to act as major market restraints for the market's growth during the forecast period. Moreover, government regulations along with changing weather patterns will be the major and immediate challenges for the market growth.
This oilseeds 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 oilseeds 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.
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.
Recent Development
- In December 2021, Crystal Crop Protection Limited, which is an India-based agrochemical company, acquired the seeds business of Bayer AG for an undisclosed amount. This acquisition includes seeds of mustard, pearl millet, cotton and grain sorghum hybrids. With this acquisition, Crystal Crop goals to be among the prominent corporations' seed businesses. And also, the acquisition would make it a strong integrated Agri-Input player and strengthen the field crop seed business.
Global Oilseeds Market Scope
The oilseeds market is segmented on the basis of biotech trait, oilseed type, type, application and product. The growth amongst these segments will help you analyze 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.
Biotech Trait
- Insecticide-Resistant
- Herbicide-Tolerant
Oilseed Type
- Peanut
- Soybean
- Sunflower Seed
- Cottonseed
- Copra
- Palm Kernel
- Rapeseed
Type
- Conventional
- Genetically Modified
Application
- Oilseed Meal
- Food Products
- Bakery and Confectionary Products
- Sauces, Spreads and Dressings
- Meat products
- Other include
- Vegetable Meal
Product
- Edible Oil
- Animal feed
Oilseeds Market Regional Analysis/Insights
The oilseeds market is analyzed and market size insights and trends are provided by country, biotech trait, oilseed type, type, application and product as referenced above.
The countries covered in the oilseeds 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 Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, 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.
North America is expected to dominate the oilseeds market in terms of revenue and market share because of rising usage of oil for regular cooking and increasing research and development proficiencies in this region.
Asia-Pacific is anticipated to be the fastest growing region in oilseeds market during the forecast period of 2023-2030 due to increasing personal disposable income and growth and expansion of food processing industries and retail industry of this region. Moreover, China is anticipated to grow at the healthy rate in the Asia-Pacific oilseeds market owing to the increasing 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 Oilseeds Market Share Analysis
The oilseeds 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 oilseeds market.
Some of the major players operating in the oilseeds 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 (Nicholasville)
- 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)
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