Oilseed Processing

Oilseed Processing

Global Oilseed Processing Market to Reach US$453.4 Billion by 2030

The global market for Oilseed Processing estimated at US$329.9 Billion in the year 2023, is expected to reach US$453.4 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2023-2030. Soybean Processing, one of the segments analyzed in the report, is expected to record a 6.3% CAGR and reach US$161.1 Billion by the end of the analysis period. Growth in the Rapeseed Processing segment is estimated at 3.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$88.9 Billion While China is Forecast to Grow at 8.1% CAGR

The Oilseed Processing market in the U.S. is estimated at US$88.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$99.0 Billion by the year 2030 trailing a CAGR of 8.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.2% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR.

Global Oilseed Processing Market – Key Trends & Drivers Summarized

What is Oilseed Processing, and Why is it Critical to Global Agriculture?

Oilseed processing refers to the mechanical or chemical processes used to extract oils from seeds such as soybeans, sunflower seeds, rapeseed (canola), cottonseed, and palm kernels. The extracted oil is used in a wide range of applications, including food products, biofuels, cosmetics, and industrial chemicals. The remaining byproducts, known as oilseed cakes or meals, are rich in protein and serve as valuable feed for livestock, poultry, and fish. Oilseed processing is essential for meeting the global demand for edible oils and protein-rich animal feed, making it a vital component of the agricultural economy. The ability to efficiently process oilseeds into high-quality oils and meals plays a significant role in ensuring food security and supporting the livestock industry. As global population growth and demand for plant-based oils continue to rise, oilseed processing remains a crucial driver in the supply chain of various industries.

How is Technology Enhancing the Efficiency of Oilseed Processing?

Technological advancements are significantly transforming oilseed processing, improving both efficiency and product quality. Modern mechanical extraction techniques, such as cold pressing, have gained popularity for producing high-quality oils that retain their nutritional properties, while advanced chemical extraction processes using solvents like hexane increase oil yield from seeds. Continuous innovations in processing equipment, such as high-efficiency screw presses and state-of-the-art solvent extraction units, are improving energy efficiency and reducing operational costs. In addition, automation and digital control systems allow for more precise monitoring of the extraction process, minimizing losses and ensuring optimal use of raw materials. Sustainable technologies like supercritical CO2 extraction, which eliminates the need for harsh chemicals, are also gaining traction as the industry strives for environmentally friendly alternatives. With the growing interest in organic and non-GMO products, advancements in clean-label extraction methods have allowed producers to meet consumer demand for healthier, minimally processed oils.

What Are the Key End-Uses of Oilseed Products in the Market?

Oilseed processing produces two primary outputs: oil and meal, both of which are integral to various industries. Edible oils derived from oilseeds such as soy, sunflower, and canola are used extensively in cooking, food manufacturing, and as ingredients in margarine, dressings, and snacks. Oils are also refined into biodiesel, an increasingly important renewable energy source, contributing to the global shift towards cleaner fuels. Meanwhile, the protein-rich meals or cakes produced during the oil extraction process are used as high-protein feed for livestock, poultry, and aquaculture, supporting the global food chain. Additionally, oilseed oils are used in the production of cosmetics, pharmaceuticals, and various industrial applications such as lubricants, surfactants, and bio-based chemicals. With the rise of plant-based diets, oilseed-derived proteins are increasingly being used as meat alternatives and in protein-enriched food products, further driving demand for oilseed processing.

What is Driving the Growth in the Oilseed Processing Market?

The growth in the oilseed processing market is driven by several factors, most notably the rising global demand for vegetable oils, both for human consumption and industrial use. The increasing adoption of plant-based diets and the growing popularity of clean-label and organic products are driving consumer demand for healthier, minimally processed oils. Additionally, the expansion of the biofuel industry, particularly in North America and Europe, has led to a surge in demand for oilseed-derived biodiesel, further fueling market growth. Technological advancements in extraction methods, such as cold pressing and solvent-free extraction, have improved the efficiency and sustainability of the processing industry, allowing producers to meet growing demand while minimizing environmental impact. The shift towards precision agriculture and genetically modified oilseeds has also boosted crop yields and oil content, enhancing overall production capabilities. Finally, increasing livestock and poultry farming, particularly in Asia-Pacific and Latin America, has amplified the need for protein-rich oilseed meals, contributing to the sustained growth of the oilseed processing sector.

Select Competitors (Total 44 Featured) -

• AG Processing Inc.
• Archer Daniels Midland Company
• Bunge Ltd.
• Cargill, Inc.
• Chs Inc.
• EFKO Group
• ITOCHU Corporation
• Louis Dreyfus Company B.V.
• Richardson International Ltd.
• Wilmar International Ltd.

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