US Oilseeds Market Size study, by Oilseed Type (Copra, Cottonseed, Palm Kernel, Peanut, Rapeseed, Soybean, Sunflower Seed), by Product (Animal Feed, Edible Oil), by Breeding Type (Genetically Modified, Conventional), by Biotech Trait (Herbicide Tolerant, Insecticide Resistant, Other Stacked Trait) Forecasts 2022-2032
US Oilseeds Market is valued approximately USD 53.45 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.03% over the forecast period 2024-2032. Oilseeds is one of the crucial components for the food and agricultural economy, helping as a major source of edible oils, protein-rich meal for animal feed, and feedstock for biofuel production. Key crops in the US Oilseeds Market include soybeans, canola, sunflower seeds, cottonseed, and peanuts. Among these, soybeans are one of the largely oilseed crops in the United States, both in terms of production volume and economic value. According to the U.S. Department of Agriculture, Soybeans consists more than 90% of U.S. oilseed production, and other oilseeds make up for the remaining production. Soybean oil is widely used in food processing, cooking, and industrial applications, while soybean meal is a major source of protein for livestock feed. The US is one of the major producer and exporter of soybeans. Trends in soybean production, driven by factors such as weather conditions, crop prices, and government policies have influenced soybean exports from the US.
The demand for vegetable oils and protein meals drive demand for the US Oilseeds Market. As the US population continues to grow, accompanied by rising incomes and changing dietary habits, there is an increasing need for vegetable oils for cooking, food processing, and industrial applications. Furthermore, protein meal derived from oilseeds is in high demand as a crucial component of animal feed, supporting the growing livestock and aquaculture industries across the region. According to the US Department of Agriculture, Soybeans comprise more than 90% of U.S. oilseed production, and other oilseeds, such as sunflower seed, canola, peanuts, flax, and others, make up the remaining production. In addition, technological advancements in farming practices and biotechnology further enhance the efficiency and productivity of US oilseed production, ensuring the country's competitiveness in meeting the evolving demand for vegetable oils and protein meal. However, trade tensions and agreements with key importing countries, such as China can stifle market growth between 2022 and 2032.
Major market player included in this report are:Burrus Seed LLC
Cargill, Incorporated
Corteva Agriscience
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The detailed segments and sub-segment of the market are explained below:By Oilseed Type
Copra
Cottonseed
Palm Kernel
Peanut
Rapeseed
Soybean
Sunflower Seed
By Product
Animal Feed
Edible Oil
By Breeding Type
Genetically Modified
Conventional
By Biotech Trait
Herbicide Tolerant
Insecticide Resistant
Other Stacked Trait
Years considered for the study are as follows:Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032
Key Takeaways:Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and Country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market
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