Global Oilseeds Market Share, Global Trends, Industry Size, Strategies, Overview, Forecast To 2024
Oilseeds are the seeds used to cultivate oil crops such as sunflower, soybean, canola, and cotton. The seeds, fruits, or nuts of these oil crops are either consumed directly as food or crushed to extract oil for the food, biofuel, oleochemicals, and other industries. Owing to the continuous increase in demand for oilseed extracts, farmers are investing in the production of oil crops with high-quality oilseeds.
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
The demand for oilseeds is mainly driven by the growing demand for vegetable oils in the increasing number of households. Moreover, the rising need for biofuels in developing as well as developed countries is triggering the growth of the global oilseeds market. To fulfill the ever-growing demand for oil across the globe, farmers are inclining toward adopting genetically modified oilseeds to increase yield.
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)
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Based on 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 2018 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.
- Oilseed Processors
- Oil Crop Growers
- Biofuel Manufacturers
- Government Associations and Agencies
- Traders, exporters, and importers
The global oilseeds market has been segmented based on category, oilseed type, biotech trait, and region.
By category, the global oilseeds market has been classified as conventional and genetically modified.
Based on oilseed type, the global oilseeds market has been divided into soybeans, sunflower seed, cotton seed, canola seed, and others.
The global oilseeds market has also been segregated, on the basis of biotech trait, into insecticide-resistant, herbicide-tolerant, and other stacked traits.
The global oilseeds market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
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